440 N 56th Street, Mesa, AZ 85205, Mesa, 85205 - 2 bed, 1 bath
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Mesa, AZ 85205
This Well-Maintained 55+ Residential Retreat is listed at $259,000, offering a stable, market-aligned price near its $251,488 Fair Market Value. Boasting a Condition Rating of 4, the residence features durable block construction, wood-look tile flooring, and a versatile bonus room suitable for a home office or hobby space. The property offers a private patio and a large lot, complemented by the rare benefit of an optional HOA membership. Situated near the 9/10 rated Franklin Elementary School, this home is an ideal match for Owner-Occupants or downsizers seeking a polished, low-maintenance lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 440 N 56th Street Subject | $259,000* List Price | 2 | 1 | 1,146 | $219 | - |
A 5416 E COLBY Street Sold | $299,000 List Price | 2 | 2 | 1,188 | 0.2 mi | |
B 5256 E COLBY Street Sold | $184,900 List Price | 2 | 1 | 1,002 | 0.4 mi | |
C 5409 E DECATUR Street Sold | $225,000 | 2 | 2 | 1,064 | $211 | 0.3 mi |
D 5228 E DES MOINES Street Sold | $319,900 | 2 | 2 | 1,423 | $225 | 0.5 mi |
E 5412 E COVINA Road Sold | $239,900 List Price | 2 | 1 | 884 | 0.2 mi | |
F 5501 E DALLAS Street Sold | $300,000 | 3 | 2 | 1,366 | $220 | 0.3 mi |
G 5851 E DODGE Street Active Under Contract | $239,900 List Price | 2 | 2 | 1,240 | $193 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1961, this property is a well-maintained example of an aged home with some modern updates, most notably the wood-look tile flooring throughout. While move-in ready, the single-bathroom configuration, older window styles, and dated exterior infrastructure reflect its age. It lacks the comprehensive, high-end renovation of the kitchen and major systems necessary to qualify for a 'good' or 'excellent' rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1146.
Elementary School: Franklin Elementary School (9/10).
Located in Dreamland Villa, this property offers the rare benefit of optional HOA membership, allowing owners to enjoy a 55+ community lifestyle without mandatory monthly fees unless they choose to access amenities.
The single-bathroom configuration may be a significant drawback for homeowners hosting guests and can limit the property's competitive edge against updated homes in the area with two baths.
Built in 1961, the property may require capital improvements to major systems or cosmetic updates to meet modern energy efficiency standards and contemporary buyer expectations.
2 bedroom 1 bath block home in 55+ age restricted community. No HOA membership required (optional). Tile floors, living, dining and bonus room. There is a community pool if you join HOA. It has a non MLS lockbox.
No exterior & parking available.
Grades PK-6 • 1.0 mi
Grades PK-6 • 1.4 mi
Grades PK-6 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 35% |
| Baths | 1.0 | 2.0 | 5% |
| Square foot | 1,146 | 1,542 | 15% |
| Lot Size | 7,405 | 7,543 | 35% |
| Price | $259.0K | $310.0K | 42% |
| Price per sq ft | $226 | $216 | 55% |
| Built year | 1961 | 1983 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 54 | 2231 | 1% |
Feb 27, 2026
$259,000
Initial Listing