306 N FRASER Drive W, Mesa, AZ 85203, Mesa, 85203 - 4 bed, 4 bath
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Mesa, AZ 85203
This Mid-Century Modern Sanctuary is a Strong Value Opportunity, listed at $1,050,000—positioned well below the $1,097,966 Fair Market Value by 4%. This valuation gap offers $47,966 in Instant Equity. Featuring a 2022 comprehensive renovation and an Excellent Condition Rating, this home includes a spacious guest house on a .49-acre lot. With proximity to top-rated schools like Franklin Elementary, this property balances architectural significance with modern luxury. It is an ideal acquisition for Owner-Occupants seeking a turnkey lifestyle or discerning buyers valuing historic character.
Property is new construction or fully renovated.
The property underwent a comprehensive renovation in 2022 (less than 5 years ago), which included full updates to the kitchen, bathrooms, flooring, electrical, and plumbing systems. It features modern high-end finishes and appliances while maintaining mint condition with no deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 21324, living area = 3920.
Elementary School: Franklin at Brimhall Elementary School (9/10).
This mid-century modern masterpiece in the Fraser Fields historic district features rare vintage elements like a floating terrazzo fireplace and a sunken conversation room, offering unique character and timeless appeal.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3920, other record living area = 2936.
The assigned public schools for this neighborhood, including Kino Junior High and Westwood High, have lower performance ratings, which may be a concern for families prioritizing education.
With a list price of $1.05 million, the property is positioned at the high end for the Mesa area, potentially limiting the buyer pool to specific mid-century modern enthusiasts.
A Mid-century masterpiece in Fraser Fields historic district on .49 acre irrigate lot with no HOA. 4 beds & 4 baths including a spacious guest house, this thoughtfully restored home blends timeless architecture with modern comfort. Major update completed in 2022 included the kitchen, bathrooms, flooring, electrical and plumbing. The original character shines through with vintage fixtures, built-ins, a striking floating terrazzo fireplace, architectural grid ceiling, and sunken conversation room. Expansive concrete-look tile flows throughout, complemented by rich mahogany doors and baseboards. A faithfully repurposed original built-in, china hutch serves as a stunning media wall, while floating slant-front vanities add a distinct designer touch. A rare chance to own a mid-century showpiece.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 1.2 mi
Grades K-6 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.5 | 50% |
| Baths | 4.0 | 2.0 | 92% |
| Square foot | 3,920 | 2,251.5 | 92% |
| Lot Size | 21,324 | 10,318 | 89% |
| Price | $1.05M | $399.0K | 97% |
| Price per sq ft | $268 | $202 | 76% |
| Built year | 1957 | 1983 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 2320 | 3% |
Jun 11, 2026
$1,050,000
Initial Listing