261 N 101ST Way, Mesa, AZ 85207, Mesa, 85207 - 3 bed, 2 bath
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261 N 101ST Way
Mesa, AZ 85207
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,591Sq Ft
7,976Lot Size
Property Price
LIST PRICE$355,000
EST. MARKET VALUE
$360,051
SUMMARY
This Value-Add Residential Asset is a High-Potential Investment Opportunity, listed at $365,000—positioned slightly above the $359,126 Fair Market Value. While priced at market, the property features Updated Major Systems including a roof, HVAC, and windows under 10 years old. With a Condition Rating of 4, the home offers a blank canvas for cosmetic modernization. The Large 7,976 SqFt Lot and No HOA status provide rare flexibility for expansion. This is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to build equity through renovation.
Estimated Market Value
$360,051
Based on Realkey algorithm analyzing recent comparable sales in Mesa.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 261 N 101ST Way Subject 3 bd · 2 ba · 1,591 sqft · $226 | $355,000* List Price | 3 | 2 | 1,591 | $226 | - |
A 324 N 101st Way Sold 3 bd · 2 ba · 1,344 sqft · $264 · 0.1 mi | $355,000 | 3 | 2 | 1,344 | $264 | 0.1 mi |
B 716 N 95TH Circle Sold 4 bd · 2 ba · 1,326 sqft · $277 · 1.0 mi | $367,500 | 4 | 2 | 1,326 | $277 | 1.0 mi |
C 9901 E QUARTERLINE Road Sold 4 bd · 2 ba · 1,480 sqft · $247 · 0.5 mi | $365,000 | 4 | 2 | 1,480 | $247 | 0.5 mi |
D 341 N 103RD Street Sold 3 bd · 2 ba · 1,344 sqft · $263 · 0.1 mi | $353,000 | 3 | 2 | 1,344 | $263 | 0.1 mi |
E 548 N BAILEY Circle Sold 4 bd · 2 ba · 1,622 sqft · $277 · 0.9 mi | $450,000 | 4 | 2 | 1,622 | $277 | 0.9 mi |
F 10257 E CICERO Circle Active Under Contract 4 bd · 2 ba · 1,648 sqft · $279 · 0.2 mi | $460,000 List Price | 4 | 2 | 1,648 | $279 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1977, the property has excellent foundational updates with the roof, HVAC, and windows all replaced within the last 10 years. However, the interior living spaces are highly dated, featuring popcorn ceilings, older wood paneling, and mismatched paint schemes, making it a prime candidate for cosmetic updates and modernization.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7976, living area = 1591.
- Great Schools
Elementary School: Franklin Elementary School (9/10).
- Updated Major Systems
The roof, HVAC, and windows have all been replaced within the last 10 years, significantly reducing the immediate need for capital expenditures on high-cost maintenance items.
CONSRISKS & DEFICIENCIES
- Cosmetic Modernization Required
The property is positioned as a value-add opportunity, implying that the interior finishes are dated and will require a budget for renovations to achieve a contemporary aesthetic.
- 1970s Era Limitations
Built in 1977, the home may lack the open-concept layout and modern energy-efficient design standards found in newer residential constructions in the Mesa market.
About 261 N 101ST Way
This east Mesa home sits in a quiet, no-HOA neighborhood. Solid-structure home with roof, HVAC, and windows all less than 10 years old -- big-ticket items done for you. Enjoy easy freeway access and a large backyard with mature fruit trees, perfect for AZ evenings. Enclosed back porch makes a bonus rec room (window A/C included), plus a flexible bonus room off the kitchen for a pantry, office, or storage. A home perfect for a buyer to add updates and make it their own!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1977
- Lot Size
- 7,976 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Mesa Unified Schools
Sousa Elementary School
Grades PK-6 • 1.3 mi
6/10
Franklin at Brimhall Elementary School
Grades PK-6 • 6.8 mi
9/10
Franklin Elementary School
Grades K-6 • 10.6 mi
9/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,591 | 1,898.592 |
| Lot Size | 7,976 | 7,745.036 |
| Price | $355.0K | $485.3K |
| Price per sq ft | $223 | $264 |
| Built year | 1977 | 1995 |
| HOA | $0 | $174 |
| Days on market | 47 | 67 |
Pricing History
Listed for Sale
Sep 30, 2026
$355,000
$365,000
-3% Price Drop
Initial Listing
Price Change
Sep 7, 2026
$365,000
Initial Listing