4040 E MCLELLAN Road 16, Mesa, AZ 85205, Mesa, 85205 - 4 bed, 4 bath
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Mesa, AZ 85205
This Fully Remodeled Luxury Basement Estate is a Strong Value Opportunity, listed at $1,650,000—positioned well below the $1,753,932 Fair Market Value by 5%. This valuation gap provides $103,932 in Instant Equity. Boasting an Excellent Condition Rating following a comprehensive $400,000 2025 renovation, the home features a 4-car garage, designer kitchen, and resort-style pool with park views. With access to the top-rated Franklin Elementary School (9/10), it balances high-end lifestyle with financial upside. This is an elite acquisition for Luxury-Seeking Families or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4040 E MCLELLAN Road 16 Subject | $1,650,000* List Price | 4 | 4 | 4,490 | $391 | - |
A 3636 E INDIGO Circle Sold | $1,475,000 | 4 | 4 | 4,086 | $361 | 0.4 mi |
B 3958 E JUNIPER Circle Sold | $1,400,000 | 5 | 4 | 3,799 | $369 | 0.2 mi |
C 4222 E MCLELLAN Circle 13 Sold | $1,655,000 | 5 | 4 | 4,200 | $394 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property qualifies for an excellent rating due to a comprehensive $400,000 full remodel completed in 2025. The interior features high-end designer finishes, including a gourmet kitchen with premium stainless steel appliances, stone countertops, and updated cabinetry. The home boasts modern wood-look flooring, contemporary light fixtures, and a fresh, neutral color palette throughout. Despite being built in 1999, the extensive recent renovation ensures all components meet current luxury standards 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 = 34378, living area = 4490.
Elementary School: Franklin Elementary School (9/10).
With over $400,000 invested in a comprehensive 2025 renovation, this home offers a turnkey luxury experience featuring high-end designer finishes and modern aesthetics throughout.
The $700 association fee is a significant recurring cost that may deter budget-conscious buyers or those looking for lower monthly carrying costs.
Despite the luxury price point and strong elementary options, the designated high school has a lower rating of 5, which could be a drawback for families focused on top-tier secondary education.
Welcome to a truly exceptional basement home in one of Mesa's most desirable gated communities! This stunning residence has been completely transformed with over $400,000 in high-end upgrades during a full 2025 remodel--offering the perfect blend of luxury, space, and modern design. Step inside to discover a beautifully reimagined interior featuring designer finishes and thoughtfully updated living spaces throughout. The rare basement layout provides incredible flexibility--perfect for multi-generational living, a media room, home gym, or private guest retreat. The backyard is designed for both comfort and entertaining, featuring a sparkling pool, a large covered patio extending the back of the home for shaded outdoor living, and a spacious yard with mature fruit trees, multple green spaces and a fire pit. Car enthusiasts and hobbyists will love the unique 4-car garage setup, including an attached 2-car garage plus a detached 2-car garage--ideal for extra vehicles, a workshop, storage, or even a creative space. Situated within the secure gated community of Los Estados, this home provides both privacy and convenience, with easy access to top-rated schools, shopping, dining, and major freeways. This is a rare opportunity to own a fully remodeled basement home with over $400K in upgrades and exceptional features you're sure to love!
No exterior & parking available.
Grades PK-6 • 1.2 mi
Grades PK-6 • 4.0 mi
Grades K-6 • 4.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 75% |
| Baths | 4.0 | 2.0 | 93% |
| Square foot | 4,490 | 1,553 | 98% |
| Lot Size | 34,378 | 7,639 | 98% |
| Price | $1.65M | $310.0K | 99% |
| Price per sq ft | $367 | $216 | 98% |
| Built year | 1999 | 1984 | 93% |
| HOA | $700 | $0 | 99% |
| Days on market | 12 | 2231 | 1% |
Apr 10, 2026
$1,650,000
Initial Listing