4256 E BALSAM Avenue, Mesa, AZ 85206, Mesa, 85206 - 3 bed, 2 bath
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Mesa, AZ 85206
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $450,000—positioned well above the $378,715 Fair Market Value by -18%. While the list price exceeds current market estimates, the property features a Fair Condition Rating with a 4.5-year-old pool and no HOA restrictions. Located near top-rated schools like Franklin Junior High (10/10), this home offers a functional layout for Buy-and-Hold Investors or Owner-Occupants seeking a customizable space in a convenient Mesa location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4256 E BALSAM Avenue Subject | $450,000* List Price | 3 | 2 | 1,355 | $279 | - |
A 4151 E CLOVIS Avenue Sold | $430,000 | 2 | 2 | 1,808 | $238 | 0.5 mi |
B 4023 E CLOVIS Circle Active | $334,900 List Price | 2 | 2 | 1,336 | $251 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1993 (31 years old). While it features a newer pool (4.5 years old) and updated wood-look tile flooring, the kitchen remains dated with original oak cabinetry and older countertops exceeding the 30-year mark. It is well-maintained and functional, but the age of the primary interior finishes and the lack of a full kitchen/bath renovation place it in the 'Fair' category according to the age-based criteria.
Elementary School: Franklin at Brimhall Elementary School (9/10). Middle School: Franklin Junior High School (10/10).
The property features a high-value backyard oasis with a recently installed pool (4.5 years old), a large gazebo, and extensive patio space, perfect for Arizona entertaining.
Situated in a neighborhood with no Homeowners Association, providing owners with greater property freedom and no monthly association fees.
With only 1,355 square feet of living space, the home is relatively compact for a three-bedroom layout, which may be a constraint for growing families.
While the primary schools are excellent, the local high school is rated significantly lower at 4/10, which could be a concern for families with older children.
Get it while you can!! This great home features 3 nice sized bedrooms, 2 baths, kitchen with dining area, a large living room with sliders that lead to a fabulous backyard. You will love to entertain here. Tons of patio space that overlooks a beautiful pool that was built only 4.5 years ago. There is even a large gazebo providing more covered seating space. Located in a NO HOA neighborhood and very convenient to 202 & 60. I don't think it will last long so hurry!!
No exterior & parking available.
Grades PK-6 • 1.6 mi
Grades K-6 • 2.2 mi
Grades K-6 • 3.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,355 | 1,691 | 25% |
| Lot Size | 6,520 | 7,414 | 31% |
| Price | $450.0K | $250.0K | 81% |
| Price per sq ft | $332 | $140 | 95% |
| Built year | 1993 | 1985 | 72% |
| HOA | $0 | $290 | 11% |
| Days on market | 9 | 2373 | 1% |
May 28, 2026
$450,000
Initial Listing