440 W Pepper Place, Mesa, AZ 85201, Mesa, 85201 - 5 bed, 3 bath
Loading property details...
Mesa, AZ 85201
This Fully Remodeled Single Family Residence is a High-Potential Investment Opportunity, listed at $599,000—positioned slightly above the $580,504 Fair Market Value. Despite the premium, the property offers significant versatility with a separate casita and heated pool, providing excellent income potential or multi-generational living. With a Condition Rating of 2, the home is move-in ready. Located in downtown Mesa, it offers a walkable urban lifestyle near top-rated elementary schools. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, income-generating asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 440 W Pepper Place Subject | $599,000* List Price | 5 | 3 | 2,140 | $271 | - |
A 532 N GRAND -- Sold | $475,000 | 3 | 2 | 1,566 | $303 | 0.6 mi |
B 405 N ORANGE Street Active | $424,000 List Price | 5 | 2 | 2,001 | $212 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1948, the property has undergone a full modern remodel within the last 5 years. The interior features updated wood-look flooring, recessed lighting, and a contemporary kitchen with stainless steel appliances. The exterior is in mint condition with a newly finished heated pool and a separate casita, requiring no immediate maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11376, living area = 2140.
Elementary School: Franklin at Brimhall Elementary School (9/10).
The property features a separate casita with its own entrance and no HOA restrictions, providing an excellent opportunity for rental income, a home office, or multi-generational living.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2140, other record living area = 1714.
While some nearby elementary schools are highly rated, the assigned junior high and high schools have lower performance ratings (3/10), which may be a concern for education-focused families.
Despite the extensive modern remodel, the original 1948 construction may present underlying maintenance challenges typical of older homes that buyers should investigate during inspections.
Now this is Living. This modern gem placed like a jewel in downtown Mesa. Fully remodeled, two primary bedrooms, plus two additional bedrooms and a CASITA, and a heated large backyard and pool to entertain year round. Plenty of room for everyone in the great room to enjoy a movie or a sporting event. The kitchen and dining area are connected to the great room. The kitchen has everything to cook a meal, with plenty of prep space, cabinets, and a coffee bar. Enjoy a chat or a cup of coffee at the kitchen island table. Some furniture can be sold under separate bill of sale. Walk to light rail, bars and restaurants. Urban living. Unique. The backyard is spectacular and ultra private. Casita/Guest House Separate Entrance can be used as income property. NO HOA
No exterior & parking available.
Grades K-6 • 0.8 mi
Grades K-6 • 0.8 mi
Grades K-6 • 2.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,140 | - |
| Lot Size | 11,376 | - |
| Price | $599.0K | $476.2K |
| Price per sq ft | $280 | $271 |
| Built year | 1948 | 0 |
| HOA | $0 | $0 |
| Days on market | 7 | 2611 |
Jul 15, 2026
$599,000
Initial Listing