438 S 93rd Way, Mesa, AZ 85208, Mesa, 85208 - 3 bed, 2 bath
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Mesa, AZ 85208
This property presents a High-Potential Investment Opportunity with a List Price of $345,000—positioned well below the $380,000 Fair Market Value by 9%. This valuation gap offers $35,000 in Instant Equity for buyers willing to execute cosmetic updates. Featuring a Fair Condition Rating and a private patio, the home requires interior painting and minor repairs. Located near Stevenson Elementary and Skyline High, this is a value-add acquisition ideal for Buy-and-Hold Investors or first-time buyers seeking to build wealth through sweat equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 438 S 93rd Way Subject | $345,000* List Price | 3 | 2 | 1,323 | $262 | - |
A 9925 E DIAMOND Avenue Sold | $335,000 | 2 | 2 | 1,055 | $318 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1997 (27+ years old) with no recorded renovations, placing it in the >20y category. The listing explicitly states the interior needs repainting and minor repairs after being used as a rental, indicating a dated condition that requires cosmetic and maintenance updates.
Elementary School: Franklin at Brimhall Elementary School (9/10).
Priced at $345,000 with comparable homes selling for $380,000, this property offers approximately $35,000 in immediate sweat equity for buyers willing to perform cosmetic updates.
The property features a very low association fee of just $57, making it an affordable option for first-time homebuyers or investors looking to maximize cash flow.
After five years as a rental property, the interior requires a full repaint and various minor repairs, which may complicate traditional financing for some buyers.
While the home is located near several schools, the primary assigned public schools carry mid-range ratings (4 and 5), which may be a drawback for education-focused families.
Home has been a rental by present tenant for the past 5 years. It needs repainting inside, along with some minor repairs. Therefore the listing price reflects these repairs. Comparable homes are selling for $380,000.
No exterior & parking available.
Grades PK-6 • 0.3 mi
Grades PK-6 • 5.6 mi
Grades K-6 • 9.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,323 | - |
| Lot Size | 5,489 | - |
| Price | $345.0K | $476.2K |
| Price per sq ft | $261 | $271 |
| Built year | 1997 | 0 |
| HOA | $57 | $0 |
| Days on market | 30 | 2611 |
Jun 23, 2026
$345,000
Initial Listing