453 W 3RD Place, Mesa, AZ 85201, Mesa, 85201 - 3 bed, 2 bath
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Mesa, AZ 85201
This property presents a High-Potential Investment Opportunity with a List Price of $305,000—positioned well below the $380,000 Fair Market Value by 11%. This valuation gap offers $75,000 in Instant Equity for buyers willing to execute a renovation plan. With a Condition Rating of 5, the home requires TLC to reach its full market potential. Featuring a 3-year-old roof and proximity to top-rated Franklin schools, this is a strategic acquisition ideal for Fix-and-Flip Investors or Owner-Occupants seeking to build immediate value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 453 W 3RD Place Subject | $305,000* List Price | 3 | 2 | 1,390 | $198 | - |
A 750 W 1ST Place Sold | $240,000 | 3 | 2 | 1,128 | $213 | 0.4 mi |
B 42 S Vineyard Active | $349,999 List Price | 3 | 2 | 1,500 | $233 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1959, this 65-year-old home is significantly past the 30-year threshold for the poor category. While the roof is relatively new (3 years old), the listing explicitly describes the property as a rehab opportunity needing 'TLC' and 'transformation' to reach market value, suggesting that the kitchen, bathrooms, and primary systems likely require substantial updating.
Elementary School: Franklin at Brimhall Elementary School (9/10).
Priced at $305,000 with renovated comparables ranging from $380,000 to $400,000, this property offers a substantial opportunity for immediate value appreciation through minor cosmetic improvements.
The north-central Mesa location provides exceptional access to major transit corridors, offering seamless commutes to Phoenix, the East Valley, and regional routes to Tucson and Los Angeles.
The property is noted as needing 'TLC' and minor maintenance, which may deter buyers seeking a move-in-ready home and will require immediate post-closing investment.
The seller's firm stance on rejecting offers significantly below the listing price restricts a buyer's ability to negotiate based on the home's current condition or market fluctuations.
A 3-bedroom, 2-bathroom home located in north-central Mesa, near University Drive and Country Club Drive. It offers easy access to major roadways connecting the East Valley--including the north, south, and west--to Phoenix, as well as routes leading to Tucson, Globe, and Los Angeles. The property requires only minor maintenance (TLC). The list price is below the market comparables for a rehabbed home, which comps show between 380K-400K. This is an excellent opportunity for someone who wants to apply their creativity, transform the property, and gain immediate equity at a price below the local market value. The roof is semi-new; it was installed approximately three years ago. Per the seller's instructions, any offers significantly below the listing price will be rejected immediately
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades K-6 • 1.0 mi
Grades K-6 • 3.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,390 | - |
| Lot Size | 6,800 | - |
| Price | $305.0K | $476.2K |
| Price per sq ft | $219 | $271 |
| Built year | 1959 | 0 |
| HOA | $0 | $0 |
| Days on market | 7 | 2611 |
Jul 15, 2026
$305,000
Initial Listing