424 W BROWN Road 225, Mesa, AZ 85201, Mesa, 85201 - 2 bed, 2 bath
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Mesa, AZ 85201
This well-maintained condominium is a High-Potential Investment Opportunity with a List Price of $199,990—positioned well below the $236,560 Fair Market Value by 15%. This valuation gap secures $36,570 in Instant Equity for the buyer. Boasting a Good Condition Rating, the unit features updated electrical and plumbing, in-unit laundry, and access to a heated community pool and fitness center. Located near the 9/10 rated Franklin Elementary, this turnkey property offers significant rental demand and lifestyle convenience. It is an ideal acquisition 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 | $199,990* List Price | 2 | 2 | 905 | $261 | - |
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.
Although built in 1972, the property is well-maintained and move-in ready. It features updated electrical and plumbing systems, newer stainless steel appliances, and consistent tile flooring throughout. While the oak cabinetry and laminate countertops are dated, the overall functional condition and lack of immediate maintenance needs align with the Good criteria.
Elementary School: Franklin Elementary School (9/10).
Priced under $200,000 with updated electrical and plumbing, this unit offers a rare turnkey opportunity for investors or first-time buyers in a competitive Mesa market.
The gated complex provides a high-quality lifestyle with a heated pool, fitness center, tennis courts, and a dedicated dog run, adding significant resident value.
Originally built in 1972, the property may face ongoing maintenance challenges or capital improvement needs common with older condominium developments.
While local elementary schools perform well, the assigned middle and high schools have lower ratings, which may limit the property's desirability for families with older children.
WOW! 2 Bedroom 2 Bathroom perfectly sized SINGLE-STORY Second floor Condo now for sale! Well-maintained, CLEAN, neutral color palate, light & bright with IN-UNIT LAUNDRY & ALL APPLIANCES Convey! Updated Electrical & Plumbing! HOA fee INCLUDES Water/Sewer/Trash! Very close walking distance to the community's AMPLE AMENITIES, including a refreshing POOL that is HEATED during colder months, a FITNESS CENTER, TENNIS COURT, Large open common areas with BBQ's & a fenced DOG RUN AREA! 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 Freeway access, & more! Whether you're looking for a new personal home, a rental investment, or a lock and leave second home - you've found it at Concorde Condos!
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 | 963.5 | 30% |
| Lot Size | 894 | 910 | 30% |
| Price | $200.0K | $100.0K | 50% |
| Price per sq ft | $221 | $110 | 50% |
| Built year | 1972 | 1986 | 30% |
| HOA | $292 | $220 | 90% |
| Days on market | 11 | 1625 | 10% |
Apr 11, 2026
$199,990
Initial Listing