2762 N RICARDO --, Mesa, AZ 85215, Mesa, 85215 - 3 bed, 2 bath
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Mesa, AZ 85215
This Single Family Residence is a Strong Value Opportunity, listed at $434,900—positioned well below the $439,148 Fair Market Value by 0.97%. This valuation gap offers $4,248 in Instant Equity. With a Fair Condition Rating, the home features a Granite Kitchen and No HOA restrictions, providing flexibility for RV storage. Located near Red Mountain High School, this property balances lifestyle perks with solid fundamentals. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a functional, well-located home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2762 N RICARDO -- Subject | $434,900* List Price | 3 | 2 | 1,787 | $246 | - |
A 6654 E RIVERDALE Street Sold | $320,000 List Price | 3 | 3 | 1,730 | 0.9 mi | |
B 6522 E RUSSELL Street Sold | $432,500 | 3 | 2 | 1,542 | $280 | 0.7 mi |
C 6554 E NORA Circle Sold | $475,000 | 4 | 2 | 1,989 | $239 | 0.0 mi |
D 2431 N RUGBY -- Sold | $518,000 | 3 | 2 | 2,074 | $250 | 0.4 mi |
E 2336 N SALEM Street Sold | $562,275 | 3 | 2 | 1,907 | $295 | 1.0 mi |
F 2445 N RAMADA -- Active | $520,000 List Price | 3 | 2 | 2,034 | $256 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1991 (33 years old), the property is well-maintained but dated. While the kitchen has been refreshed with granite countertops and stainless steel appliances, the cabinetry in the kitchen and bathrooms appears to be original 1990s style. The home is move-in ready but falls into the 'Fair' category as it exceeds 20 years of age and requires further cosmetic updates to modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8526, living area = 1787.
Elementary School: Franklin at Brimhall Elementary School (9/10).
The absence of HOA restrictions combined with a dedicated RV gate provides exceptional freedom for homeowners with recreational vehicles or those seeking autonomy over their property.
Built in 1991, the property may soon require significant capital expenditures for major systems like the roof or HVAC if they have not been recently replaced.
While the elementary school is well-rated, the assigned junior high and high schools have average ratings, which may be a drawback for education-focused families.
Corner lot, no HOA, RV gate, and a convenient Mesa location near Red Mountain area amenities. This 3 bedroom, 2 bathroom single level home offers a bright, functional layout with vaulted ceilings, large windows, and connected living spaces that make everyday living easy. The kitchen sits at the heart of the home with granite counters, stainless steel appliances, and good flow into the main living area. The primary suite includes dual sinks, a soaking tub, and separate shower. Out back, the covered patio, pergola area, storage, and usable yard space give you room for toys, pets, projects, entertaining, or future upgrades. Close to golf, parks, shopping, dining, Usery Mountain trails, Salt River recreation, and freeway access.
No exterior & parking available.
Grades PK-6 • 1.2 mi
Grades PK-6 • 5.5 mi
Grades K-6 • 7.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,787 | 1,875 | 45% |
| Lot Size | 8,526 | 7,168 | 60% |
| Price | $434.9K | $0 | 55% |
| Price per sq ft | $243 | $0 | 57% |
| Built year | 1991 | 1994 | 23% |
| HOA | $0 | $249 | 30% |
| Days on market | 25 | 2482 | 2% |
May 12, 2026
$434,900
Initial Listing