
Mesa, AZ 85204
This property presents a Strong Value Opportunity with a List Price of $350,000—positioned well below the $372,504 Fair Market Value by 6%. This valuation gap offers $22,504 in Instant Equity for buyers willing to execute a renovation plan. While the home has a Fair Condition Rating, the large 9,064 sq. ft. lot and proximity to Top-Rated Schools like Franklin Junior High (10/10) provide significant upside. This is a high-reward acquisition ideal for Fix-and-Flip Investors or first-time buyers seeking to build sweat equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3316 E FLORIAN Avenue Subject | $350,000* List Price | 3 | 2 | 1,417 | $263 | - |
A 3258 E EL MORO Avenue Sold | $440,000 | 3 | 2 | 1,591 | $277 | 0.3 mi |
B 1356 S Miramar Avenue Sold | $360,000 List Price | 3 | 2 | 1,938 | 0.4 mi | |
C 3254 E FORGE Avenue Pending | $450,000 List Price | 4 | 2 | 1,665 | $270 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1976 (48 years old), the property shows signs of partial mid-life updates such as wood-look tile flooring and a renovated walk-in shower. However, the listing explicitly states the home needs kitchen modernization, interior paint, and further bathroom updates. It remains functional and 'solid' but is dated and requires cosmetic repairs, aligning with the Fair criteria.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9064, living area = 1417.
Elementary School: Franklin at Brimhall Elementary School (9/10). Middle School: Franklin Junior High School (10/10).
The property is located near top-tier educational institutions, including Franklin Junior High (10/10) and Franklin at Brimhall Elementary (9/10), providing exceptional value for families prioritizing education.
The interior requires comprehensive updates, including paint, kitchen modernization, and bathroom renovations, necessitating an immediate post-purchase budget for improvements.
Built in 1976, the home may feature aging systems or architectural styles that require more than just surface-level improvements to align with contemporary buyer expectations.
Great Bones. Great Price. Endless Potential. Priced at just $350,000, this well-built Mesa home presents a rare opportunity to create immediate value through cosmetic improvements. The floor plan works, the structure is solid, and the heavy lifting has already been done--the next owner simply has the chance to update the finishes and make it their own. While the home would benefit from interior paint, kitchen modernization, and bathroom updates, its strong underlying construction, established neighborhood, and attractive lot provide an exceptional foundation for renovation. Whether you're an investor, a first-time buyer willing to build sweat equity, or someone looking for a home you can customize to your tastes, this property offers tremendous upside at an affordable price point.
No exterior & parking available.
Grades PK-6 • 0.4 mi
Grades K-6 • 2.0 mi
Grades PK-6 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,417 | - |
| Lot Size | 9,064 | - |
| Price | $350.0K | $476.2K |
| Price per sq ft | $247 | $271 |
| Built year | 1976 | 0 |
| HOA | $0 | $0 |
| Days on market | 31 | 2611 |
Jun 22, 2026
$350,000
Initial Listing