453 E CRESCENT Avenue, Mesa, AZ 85204, Mesa, 85204 - 3 bed, 2 bath
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Mesa, AZ 85204
This property presents a Strong Value Opportunity with a List Price of $350,000—positioned well below the $365,255 Fair Market Value by 4%. This valuation gap offers $15,255 in Instant Equity for buyers willing to address the Fair Condition Rating. Featuring a versatile basement and backyard workshop, the home provides significant renovation potential for forced appreciation. This is a high-reward acquisition ideal for Fix-and-Flip Investors or Contractors seeking a project with substantial upside in the Mesa market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 453 E CRESCENT Avenue Subject | $350,000* List Price | 3 | 2 | 1,876 | $195 | - |
A 933 E 11TH Avenue Sold | $310,000 | 3 | 2 | 1,360 | $228 | 1.0 mi |
B 1152 E DANA Avenue Pending | $298,000 List Price | 4 | 2 | 1,911 | $156 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1949 (75 years old), this property is marketed as a 'blank canvas' with 'potential,' which are industry terms for a home needing a full rehabilitation. There is no mention of updates to the kitchen, bathrooms, or major systems (HVAC/Electric), and the exterior photos show significant deferred maintenance and a dated aesthetic consistent with a property requiring a total overhaul.
The rare inclusion of a basement provides significant additional square footage that can be adapted into a home office, media room, or guest quarters, offering flexibility seldom found in this price bracket.
The absence of HOA restrictions combined with a dedicated backyard workshop offers exceptional freedom and utility for hobbyists, entrepreneurs, or those requiring specialized storage space.
Priced at $350,000 for nearly 1,900 square feet, this property represents a highly competitive entry point for the Mesa market, especially following the recent $25,000 price reduction.
Built in 1949, the home may require significant updates to major systems such as plumbing, electrical, and insulation to meet modern efficiency and safety standards.
The property has undergone a price cut after 27 days on the market, which may suggest that the initial valuation was high or that the home requires specific repairs to attract a firm offer.
This charming BASEMENT home offers the freedom of No HOA living at a price point that is becoming increasingly difficult to find. Ideally located close to shopping, dining, schools, churches, and everyday conveniences, this property combines value, flexibility, and potential. The basement creates the perfect space for a home office, game room, media retreat, guest quarters, or work from home setup, giving you room to grow and adapt to your lifestyle. Step outside to discover a versatile backyard workshop that is a blank canvas ready for your hobbies, business needs, storage, or creative projects. Whether you are a first-time buyer searching for an affordable home, an entrepreneur needing extra workspace, or looking for a property with endless possibilities, this home delivers.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,876 | - |
| Lot Size | 6,122 | - |
| Price | $350.0K | $476.2K |
| Price per sq ft | $187 | $271 |
| Built year | 1949 | 0 |
| HOA | $0 | $0 |
| Days on market | 28 | 2611 |
Jul 8, 2026
$350,000
$375,000
-7% Price Drop
Initial Listing
Jun 25, 2026
$375,000
Initial Listing