3154 E Inverness Avenue, Mesa, AZ 85204, Mesa, 85204 - 7 bed, 6 bath
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Mesa, AZ 85204
This Custom Basement Estate is a Strong Value Opportunity, listed at $1,540,000—positioned well below the $1,640,000 Fair Market Value by 6%. This valuation gap offers $100,000 in Instant Equity with No HOA. Boasting a Condition Rating of 3, the property features a Granite Kitchen, Private Suite, and a Pool on a 1-Acre Lot. Located in the Gilbert School District near Highland High, it offers superior price-per-square-foot value compared to local market trends. This is a premier choice for Multi-generational Families or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3154 E Inverness Avenue Subject | $1,490,000* List Price | 7 | 6 | 5,256 | $283 | - |
A 1806 S LOS ALAMOS -- Active | $1,225,000 List Price | 7 | 4 | 4,254 | $288 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has undergone significant updates since its 1980 construction. The kitchen features granite countertops, a modern tile backsplash, and white cabinetry. Flooring has been updated to a mix of large-format tile and wood-look planks. While some cabinetry in secondary areas like the laundry room remains dated, the overall condition is well-maintained with functional systems and high-quality outdoor amenities including a pool and artificial turf.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 34689, living area = 5256.
Priced over $100,000 below a recent appraisal, this property offers immediate value and significant equity potential for the buyer from day one.
The expansive 7-bedroom floor plan includes a custom basement and a private suite with a separate balcony, making it ideal for large families or multi-generational living arrangements.
Built in 1980, the home may require significant capital investment for modern cosmetic updates and energy-efficiency upgrades to meet current luxury standards.
The massive 5,256 square foot interior combined with extensive outdoor amenities like a pool and large irrigated lot will likely result in high monthly utility and maintenance expenses.
Here's a rare opportunity to own in Heritage Acres -- priced 100K+ UNDER recent appraisal, giving you instant equity, with no HOA! This custom basement home offers 7 bedrooms, 5.5 baths, and sits on close to a 1-acre lot. Perfect for multigenerational living, Includes an extra private suite with attached bathroom and separate Balcony. The backyard features a pool, built-in BBQ, Ramada, firepit, and several work/storage containers. A private RV gate plus and driveway with 12 parking spaces make storing your RV, toys, and equipment easy. Inside, enjoy multiple living areas, Property includes Irrigation water rights. Gilbert school district!!
No exterior & parking available.
Grades PK-8 • 1.5 mi
Grades 8-12 • 4.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 3.0 | 99% |
| Baths | 6.0 | 2.0 | 99% |
| Square foot | 5,256 | 1,595.5 | 99% |
| Lot Size | 34,689 | 7,366.5 | 99% |
| Price | $1.49M | $279.1K | 99% |
| Price per sq ft | $283 | $208 | 72% |
| Built year | 1980 | 1980 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 206 | 2369 | 3% |
May 11, 2026
$1,490,000
$1,540,000
-3% Price Drop
Initial Listing
Nov 22, 2025
$1,540,000
Initial Listing