424 W BROWN Road 225, Mesa, AZ 85201, Mesa, 85201 - 2 bed, 2 bath
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Mesa, AZ 85201
This Remodeled Single-Story Condo represents a High-Potential Investment Opportunity with a List Price of $199,000—positioned well below the $233,026 Fair Market Value by 14%. This valuation gap secures $34,026 in Instant Equity for the buyer. Boasting a Condition Rating of 3, the unit features updated electrical and plumbing from a 2015 remodel. Residents enjoy a gated community with a heated pool and proximity to the 9/10 rated Franklin Elementary School. This turnkey asset is ideal for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 424 W BROWN Road 225 Subject | $199,000* List Price | 2 | 2 | 905 | $257 | - |
A 424 W Brown Road 138 Sold | $204,900 List Price | 2 | 1 | 902 | 0.0 mi | |
B 1001 N PASADENA Street 179 Sold | $242,500 | 2 | 2 | 927 | $262 | 0.9 mi |
C 1001 N PASADENA -- 179 Sold | $242,500 | 2 | 2 | 927 | $262 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property was completely gutted and remodeled in 2015 (approximately 11 years ago), which includes updated electrical and plumbing systems. The kitchen and bathrooms feature well-maintained oak cabinetry and laminate counters that remain functional and move-in ready, fitting the 5-15 year renovation criteria for a Good rating.
Elementary School: Franklin Elementary School (9/10).
The unit was completely gutted and remodeled in 2015, including updated electrical and plumbing systems, which significantly reduces immediate maintenance concerns for a 1970s build.
Residents enjoy a gated community with a heated pool, sports courts, a dog run, and inclusive HOA fees covering water, sewer, and trash.
While the unit is updated, the 1972 construction of the overall complex may result in future capital improvement assessments or aesthetic datedness in common areas.
The property is zoned for middle and high schools with lower academic ratings, which may limit its appeal to families prioritizing top-tier educational districts.
WOW! 2 Bed 2 Bath perfectly sized SINGLE-STORY Second floor Condo at Concorde Condos now for sale! Well-maintained, CLEAN, light & bright with IN-UNIT LAUNDRY & ALL APPLIANCES Convey! Completely Gutted & REMODELED in approx. 2015 with ALL NEW ELECTRICAL & PLUMBING! Very close walking distance to the community's AMPLE AMENITIES, including a refreshing HEATED POOL, TENNIS / BASKETBALL COURT, Large Grassy open common area with BBQ's, Picnic Tables, a fenced DOG RUN AREA & Storage Closets for rent! *HOA INCLUDES Water/Sewer/Trash! 1 Assigned CARPORT space & lots of guest parking in the GATED complex. Close to Shopping, Dining, Golf courses, Spring Training Oakland A's Stadium, 202 Fwy Access, & more! GREAT unit & complex for Owner Occupant, Rental Investment, or a Lock & Leave home! Come SEE!
No exterior & parking available.
Grades PK-6 • 1.0 mi
Grades K-6 • 1.9 mi
Grades K-6 • 3.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 905 | 1,000 | 40% |
| Lot Size | 894 | 900 | 40% |
| Price | $199.0K | $0 | 60% |
| Price per sq ft | $220 | $0 | 60% |
| Built year | 1972 | 1986 | 40% |
| HOA | $292 | $220 | 80% |
| Days on market | 57 | 1114 | 20% |
May 4, 2026
$199,000
$199,990
+0% Price Increase
Initial Listing
Apr 11, 2026
$199,990
Initial Listing