445 N CHERRY --, Mesa, AZ 85201, Mesa, 85201 - 3 bed, 1 bath
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Mesa, AZ 85201
This Value-Add Residential Asset is a strategic renovation project in Mesa with a List Price of $299,999. While the Fair Market Value of $202,558 reflects its current Condition Rating of 5, the property’s nearly 1,900 square feet and expansive 10,136 square foot lot offer a high ceiling for forced appreciation. The 3-bedroom, 1-bathroom layout is a prime candidate for rehab near the 9/10 rated Franklin Elementary School, Carson Junior High, and Westwood High. With no HOA restrictions, this asset provides the flexibility required by Fix-and-Flip Investors or Contractors seeking a high-upside project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 445 N CHERRY -- Subject | $299,999* List Price | 3 | 1 | 1,892 | $107 | - |
A 558 W Pepper Place Sold | $330,000 List Price | 3 | 2 | 1,970 | 0.5 mi | |
B 839 W MOUNTAIN VIEW Drive Sold | $213,000 List Price | 3 | 2 | 1,690 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1948, this property is explicitly marketed as a 'FIXER UPPER' requiring extensive renovation and immediate capital investment. The 3-bedroom to 1-bathroom ratio for a nearly 1,900 square foot home is functionally obsolete by modern standards, and the listing confirms deferred maintenance and outdated interiors that necessitate substantial rehabilitation and system updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10136, living area = 1892.
Elementary School: Franklin Elementary School (9/10).
Priced under $300,000 with nearly 1,900 square feet of living space, this property offers a high ceiling for equity growth through renovation and modernization.
Explicitly listed as a 'fixer-upper,' the property will require substantial immediate capital investment to address deferred maintenance and outdated interiors.
With three bedrooms but only one bathroom for nearly 1,900 square feet, the current layout is functionally obsolete by modern standards and may require a costly reconfiguration.
FIXER UPPER! MUST SHOW
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-6 • 1.3 mi
Grades K-6 • 3.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 12% |
| Square foot | 1,892 | 1,586 | 74% |
| Lot Size | 10,136 | 8,054 | 71% |
| Price | $300.0K | $240.0K | 52% |
| Price per sq ft | $159 | $170 | 50% |
| Built year | 1948 | 1963 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 2324 | 2% |
Apr 14, 2026
$299,999
Initial Listing