
Mesa, AZ 85213
This Spacious Single Family Residence represents a Prime Investment Opportunity, listed at $725,000—positioned well below the $746,521 Fair Market Value by 2%. This valuation gap provides $21,521 in Instant Equity. Featuring Paid Solar Power and a Private Pool, the home maintains a Condition Rating of 4, offering significant potential for cosmetic modernization. Located near Highly-Rated Elementary Schools and the Loop 202, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term value in Mesa’s desirable Groves neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2739 E NANCE Street Subject | $725,000* List Price | 5 | 4 | 3,134 | $238 | - |
A 2644 E NORA Street Sold | $673,000 | 4 | 3 | 2,350 | $286 | 0.2 mi |
B 3354 N Los Alamos -- Sold | $615,000 | 4 | 3 | 2,237 | $275 | 0.9 mi |
C 2854 E MALLORY Street Active | $674,900 List Price | 4 | 2 | 2,979 | $227 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1988 (36 years old), the home is well-maintained but significantly dated. While it features paid solar and functional living areas, the bathrooms show original-style brass fixtures and wallpaper, and the overall interior requires cosmetic updates to meet modern standards.
Elementary School: Franklin at Brimhall Elementary School (9/10).
The property features fully paid-for solar panels, providing significant long-term savings on utility bills and a major competitive advantage in the Arizona climate.
With five bedrooms plus a flexible bonus room and over 3,100 square feet of living space, the floor plan offers exceptional adaptability for multi-generational living, home offices, or fitness suites.
Built in 1988, the property may require cosmetic updates or system refreshments to meet the aesthetic and efficiency standards of modern luxury buyers.
While the local elementary schools are highly rated (8/10), the designated high school has a lower rating of 5/10, which may be a consideration for families prioritizing top-tier secondary education.
There's a reason locals refer to this pocket of northeast Mesa ''THE GROVES.'' TREE-SHADED STREETS, GENEROUS LOTS, UNHURRIED FEEL that are hard to find and even harder to get into. FIVE BEDROOMS plus a FLEXIBLE BONUS ROOM mean the floor plan bends to whatever this season of life requires -- PLAYROOM,HOME OFFICE, GYM, GUEST SUITE, take your pick. Living spaces abound in this home. From the FAMILY ROOM with FIREPLACE and KITCHEN running together, to the LIVING ROOM with its adjacted FORMAL DINING AREA or just relax in the spacious MAIN SUITE with its own FIREPLACE, nothing says comfort like this home. PAID FOR SOLAR POWER is already in place ready to save money on Electric bills. If that isn't enough, take a dive in the POOL, enjoy the beautiful confines of a GREAT BACKYARD. Make new memories with family and friends, enjoying the pool and patio area for those functions. Special...that would be the best word to describe it! Step outside the lot line and the location does some quiet bragging of its own. Red Mountain Park -- with its lake, shaded trails, and a long list of bird species that make it a regular stop on local birding routes -- is minutes away for the early-morning walk or the weekend you didn't plan but needed. The Loop 202 on-ramp is close enough that "easy commute" stops being a listing cliché and starts being true, whether you're headed toward Scottsdale, Tempe, or anywhere else the Valley pulls you. Homes in the Groves don't turn over often -- ask anyone who's tried to buy one. This is your chance to find out why people stay.
No exterior & parking available.
Grades PK-6 • 0.5 mi
Grades K-6 • 4.6 mi
Grades K-6 • 5.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 3,134 | - |
| Lot Size | 8,885 | - |
| Price | $725.0K | $476.2K |
| Price per sq ft | $231 | $271 |
| Built year | 1988 | 0 |
| HOA | $0 | $0 |
| Days on market | 35 | 2611 |
Jun 18, 2026
$725,000
Initial Listing
Jul 8, 1997
$220,000
Public Record