445 N 111TH Way, Mesa, AZ 85207, Mesa, 85207 - 4 bed, 2 bath
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445 N 111TH Way
Mesa, AZ 85207
ACTIVE
CONDITION: EXCELLENT
4Beds
2Baths
2,340Sq Ft
6,891Lot Size
Property Price
LIST PRICE$510,000
EST. MARKET VALUE
$520,132
SUMMARY
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $525,000—positioned well below the $526,534 Fair Market Value by 0.29%. This valuation gap offers $1,534 in Instant Equity. Featuring a Condition Rating of 2, the home includes a new 2026 roof, updated septic, and a converted flex space. With No HOA Fees and proximity to top-rated elementary schools, this property balances financial stability with modern comfort. It is an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in ready home.
Estimated Market Value
$520,132
Based on Realkey algorithm analyzing recent comparable sales in Mesa.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 445 N 111TH Way Subject 4 bd · 2 ba · 2,340 sqft · $222 | $510,000* List Price | 4 | 2 | 2,340 | $222 | - |
A 11465 E DECATUR Street Sold 4 bd · 2 ba · 1,890 sqft · $231 · 0.4 mi | $437,500 | 4 | 2 | 1,890 | $231 | 0.4 mi |
B 11443 E ELLIS Street Sold 4 bd · 2 ba · 2,440 sqft · $256 · 0.6 mi | $625,000 | 4 | 2 | 2,440 | $256 | 0.6 mi |
C 11340 E CABALLERO Street Sold 3 bd · 2 ba · 1,557 sqft · $274 · 0.2 mi | $426,000 | 3 | 2 | 1,557 | $274 | 0.2 mi |
D 11349 E DES MOINES Circle Pending 4 bd · 2 ba · 1,848 sqft · $279 · 0.3 mi | $515,000 List Price | 4 | 2 | 1,848 | $279 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
While originally built in 1987, the property has undergone a comprehensive renovation within the last 1-3 years (2023-2026). Key updates include a new roof (2026), new septic system (2023), fresh interior/exterior paint, and fully modernized kitchen and bathrooms with contemporary finishes, meeting the criteria for a recent high-quality renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Franklin at Brimhall Elementary School (9/10).
- Major Capital Improvements
The property features a new roof installed in 2026 with a 50-year transferable warranty and a new septic system from 2023, offering significant long-term value and peace of mind.
- Versatile Flex Space
A detached shed has been professionally converted into an insulated, powered outdoor office or studio, providing a modern solution for remote work or creative hobbies.
CONSRISKS & DEFICIENCIES
- Average School Ratings
The local middle and high schools carry lower ratings (4 and 5 respectively), which may be a drawback for families prioritizing top-tier educational performance.
- Limited Lot Proportion
The 2,340 square foot home occupies a significant portion of the 6,891 square foot lot, resulting in a relatively modest backyard space for a property of this size.
About 445 N 111TH Way
Welcome to this beautifully refreshed 4 bedroom, 2 bath Mesa home in an up-and-coming area near Medina Station Complex! Packed with valuable updates, this property offers comfort, functionality, and peace of mind. A new roof was installed July 2026 with a 50-year transferable warranty. Interior and exterior were freshly painted August 2026. A larger complete septic system was installed in 2023. The home also features a den/flex room. The detached shed was converted into an insulated, painted outdoor office/flex space with electrical, completed August 2026--perfect for an office, studio, hobby room, or extra space. Landscaping is currently being completed. Don't miss this move-in-ready Mesa gem!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1987
- Lot Size
- 6,891 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Mesa Unified Schools
Sousa Elementary School
Grades PK-6 • 0.2 mi
6/10
Franklin at Brimhall Elementary School
Grades PK-6 • 8.1 mi
9/10
Franklin Elementary School
Grades K-6 • 11.9 mi
9/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,340 | 1,898.592 |
| Lot Size | 6,891 | 7,745.036 |
| Price | $510.0K | $485.3K |
| Price per sq ft | $218 | $264 |
| Built year | 1987 | 1995 |
| HOA | $0 | $174 |
| Days on market | 55 | 67 |
Pricing History
Listed for Sale
Sep 26, 2026
$510,000
$515,000
-1% Price Drop
Initial Listing
Price Change
Sep 11, 2026
$515,000
$525,000
-2% Price Drop
Initial Listing
Price Change
Aug 30, 2026
$525,000
Initial Listing