
Mesa, AZ 85205
This Spacious Basement Home is a Strong Value Opportunity, listed at $779,000—positioned well below the $828,183 Fair Market Value by 5%. This valuation gap offers $49,183 in Instant Equity for buyers. Maintaining a Good Condition Rating, the property features a rare 800-square-foot finished basement and a private 15-tree citrus orchard. Located near top-rated schools like Franklin Elementary (9/10), this residence perfectly balances lifestyle luxury with investment stability. It is an ideal acquisition for Owner-Occupants or Value-Add Investors seeking a unique, move-in-ready asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4556 E Downing Street Subject | $779,000* List Price | 5 | 4 | 3,455 | $240 | - |
A 4038 E GLENCOVE Street Active Under Contract | $995,000 List Price | 5 | 3 | 3,511 | $283 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition with significant recent capital improvements, including a brand-new HVAC system (2024), new luxury porcelain plank flooring on the main level, and a renovated spa-style master bathroom. While the kitchen cabinetry and some light fixtures reflect the home's 2000 build date, they are well-maintained and functional. The addition of a finished basement with new carpeting and a high-quality outdoor living space further supports a 'good' rating, as the home exceeds the maintenance levels typically seen in properties of this age.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15072, living area = 3455.
Elementary School: Franklin Elementary School (9/10).
The 800-square-foot finished basement with 9-foot ceilings is a highly sought-after and rare feature in the Mesa market, providing exceptional flexible space for a home theater, gym, or guest quarters.
Despite significant upgrades, certain interior features like the maple cabinetry and specific architectural details reflect the home's 2000 vintage and may require cosmetic updates to align with modern luxury preferences.
The 2.5-car garage may prove restrictive for a large five-bedroom household or multi-generational living arrangement, especially for buyers requiring significant vehicle or equipment storage.
Welcome to one of Mesa's most distinctive properties -- 3,400-square-foot home where indoor luxury and Arizona outdoor living meet on a rare third-acre lot lined with 15 mature fruit trees. This is not a subdivision house dressed up with builder upgrades. This is a property with a personality Valencia Groves 5BR + den basement home on a 15,080 sf lot offering 3,455 sf of flexible living 2,671 main + 784 finished basement TWO separate family rooms create ideal space for teens, guests, game nights, or multi-generational living. 10' ceilings, 2x6 construction and R-26 insulation provide comfort, efficiency and quiet durability. New HVAC Oct 2024; basement refreshed with new carpet. Dedicated den for office or study. Ceiling fans in all bedrooms, both family rooms and patio. LISTING TITLE: Resort Backyard · 15-Tree Citrus Orchard · Finished Basement · 3,400 SF · 5BR + Den Welcome to one of Mesa's most distinctive properties -- a 3,400-square-foot home where indoor luxury and Arizona outdoor living meet on a rare third-acre lot lined with 15 mature fruit trees. This is not a subdivision house dressed up with builder upgrades. This is a property with a personality. 3,400 SF total (2,600 main + 800 SF finished basement with multiple rooms) · 5 bedrooms + den/6th bedroom · 3.5 baths · 2.5-car garage · 0.35-acre lot · 15 mature citrus trees (12 Valencia orange -- premier juicing variety, 2 lemon -- year-round producers, 1 tangerine) · Deep covered patio + ceiling fans · Built-in outdoor kitchen + gas grill · Adobe fire pit terrace · Spa master bath: rain head, pebble tile, glass block, frameless glass, teak bench · Master walk-in closet · Gas cooktop + double wall ovens · New porcelain flooring main level · Step-lit basement staircase · French door backyard access from master and the great room OUTDOOR LIVING Step outside and the property earns its own category. A deep covered patio with multiple ceiling fans opens to a full built-in outdoor kitchen -- gas grill, tile prep counter, and storage -- framing a view of the curved adobe fire pit terrace and open lawn beyond. Surrounding it all, 12 Valencia orange trees prized for fresh-squeezed juice, 2 lemon trees that produce virtually year-round in the Arizona climate, and a tangerine tree form a working citrus grove unlike anything else in this price band. In a market where every backyard looks the same.. MAIN FLOOR LIVING Inside, the floor plan opens into a seamless great room anchored by a well-appointed kitchen featuring a large island with seating, gas cooktop, double wall ovens, solid maple cabinetry, and recessed lighting throughout. The adjoining dining area flows naturally for everyday meals and entertaining. A separate formal living and dining room off the entry gives you flexibility to define the space on your own terms. New luxury porcelain plank flooring runs throughout the main living areas. MASTER SUITE The main-floor master suite is a genuine retreat. Vaulted ceilings, direct backyard access through French doors, and a spa-quality bath featuring a walk-in frameless glass shower with rain head and pebble tile floor, dual built-in niches, glass block window flooding the space with natural light, dual vanity, and an oversized walk-in closet that rivals new construction at twice the price. THE BASEMENT -- Mesa's Best-Kept Secret Downstairs, an 800-square-foot finished basement with its own hallway and multiple rooms adds a dimension most Mesa homes simply don't offer. Step-lit carpeted stairs lead to a wide-open canvas ready for a home theater, game room, home office, gym, or all of the above. Full ceiling height (9') with ceiling fans, windows, and new carpet throughout make this feel like intentional living space -- not a utility room. The back bedroom, completely isolated from the main basement living area, was the room of choice for a quiet home office. Isolation allows international calls at all hours of the day -- Europe in the AM, and the Far East in the middle of the night -- bothering no one except the spouse not knowing if you're still alive. ADDITIONAL FEATURES The upper wing houses the two more bedrooms, a dedicated home office / den and a full bath -- a layout that works naturally for multi-generational living or a home-based operation. 2.5-car garage with extended bay and large enclosed storage. Minutes from the Loop 202, and everything the Mesa/Gilbert corridor offers.
No exterior & parking available.
Grades PK-6 • 0.4 mi
Grades PK-6 • 2.6 mi
Grades K-6 • 4.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 92% |
| Baths | 4.0 | 2.0 | 93% |
| Square foot | 3,455 | 1,553 | 94% |
| Lot Size | 15,072 | 7,639 | 94% |
| Price | $779.0K | $310.0K | 94% |
| Price per sq ft | $225 | $216 | 53% |
| Built year | 2000 | 1984 | 93% |
| HOA | $60 | $0 | 71% |
| Days on market | 64 | 2231 | 1% |
Feb 17, 2026
$779,000
Initial Listing