3123 S DEL RANCHO --, Mesa, AZ 85212, Mesa, 85212 - 3 bed, 2 bath
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Mesa, AZ 85212
This Value-Add Starter Home presents a High-Potential Investment Opportunity with a List Price of $400,000—positioned well below the $405,924 Fair Market Value by 1%. This valuation gap provides $5,924 in Instant Equity for buyers ready to modernize the space. Featuring a Fair Condition Rating, the property offers a functional 1,559 sq. ft. layout and an expansive 8,649 sq. ft. lot with a private patio. Located near Canyon Rim Elementary, this asset is a strategic acquisition for Fix-and-Flip Investors or Owner-Occupants seeking to build wealth through cosmetic renovations.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3123 S DEL RANCHO -- Subject | $400,000* List Price | 3 | 2 | 1,559 | $260 | - |
A 2935 S Canfield -- Sold | $439,000 | 4 | 2 | 1,627 | $270 | 0.4 mi |
B 10902 E QUARRY Circle Sold | $309,000 | 4 | 2 | 1,712 | $180 | 0.7 mi |
C 11430 E PRONGHORN Avenue Sold | $408,000 | 3 | 2 | 1,308 | $312 | 1.0 mi |
D 11430 E PRONGHORN Avenue Sold | $408,000 | 3 | 2 | 1,308 | $312 | 1.0 mi |
E 10231 E OLLA Avenue Sold | $490,000 | 3 | 2 | 1,870 | $262 | 0.7 mi |
F 2928 S WESLEY -- Active | $465,000 List Price | 3 | 2 | 1,614 | $288 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1999, this 25-year-old property is described as a 'starter home' being sold 'as-is' that requires cosmetic updates. While the layout is functional, the images and description indicate original or dated finishes, such as older ceramic tile and basic ceiling fans, with no mention of major recent renovations. It remains livable but shows signs of being outdated, consistent with the 'fair' condition category.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8649, living area = 1559.
Priced competitively for the 85212 zip code, this property offers a significant opportunity for instant equity through cosmetic renovations and personalized updates.
The 1,559 sq. ft. floor plan features a well-equipped kitchen with a center island and a bright breakfast nook, providing a spacious feel that exceeds its actual square footage.
The home is being sold in as-is condition and requires immediate cosmetic updates, which will necessitate additional upfront capital and labor from the buyer.
While the elementary school is highly rated at an 8, the local high school carries a lower rating of 4, which may be a consideration for families prioritizing long-term educational consistency.
Opportunity Knocking! Location, Potential, and Price--The Trifecta. Looking for a way into a desirable Mesa neighborhood without the ''flip'' price tag? This 1,559 sq.ft. starter home is the perfect canvas for someone ready to trade a little elbow grease for instant equity. Featuring a functional layout; 3BDR, 2BTH floor plan that feels larger than the square footage suggests. The kitchen is surprisingly well-equipped with a center island, plenty of storage cabinetry, and a bright, sunny breakfast nook for your morning coffee. The backyard is a blank slate; whether you want a desert oasis, a patch of grass, or a workshop space, you get to make it yours. This home is being sold as-is. It needs cosmetic updates to truly shine, but for the buyer with a vision, the opportunity is HUGE! Skip the cookie-cutter renovations and create the home you actually want. At $410k, this is an excellent value in the zip code.
No exterior & parking available.
Grades PK-6 • 1.5 mi
Grades 7-8 • 1.0 mi
Grades 8-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 40% |
| Baths | 2.0 | 3.0 | 37% |
| Square foot | 1,559 | 2,261 | 8% |
| Lot Size | 8,649 | 7,200 | 73% |
| Price | $400.0K | $495.0K | 35% |
| Price per sq ft | $257 | $233 | 69% |
| Built year | 1999 | 2014 | 14% |
| HOA | $80 | $123 | 26% |
| Days on market | 55 | 1384 | 0% |
Feb 26, 2026
$400,000
Initial Listing
Jul 29, 1999
$133,666
Public Record