463 N LESUEUR --, Mesa, AZ 85203, Mesa, 85203 - 3 bed, 3 bath
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Mesa, AZ 85203
This townhouse presents a High-Potential Investment Opportunity with a List Price of $245,000—positioned well above the $215,326 Fair Market Value by -13%. While the property requires significant updates given its Condition Rating of 5, the 1,546 sqft footprint and proximity to top-rated schools like Franklin at Brimhall Elementary offer a solid foundation for value-add strategies. This asset is ideal for Buy-and-Hold Investors or first-time buyers capable of executing a comprehensive renovation to capture long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 463 N LESUEUR -- Subject | $245,000* List Price | 3 | 3 | 1,546 | $139 | - |
A 630 N LESUEUR Circle Active | $279,000 List Price | 2 | 2 | 1,372 | $203 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1967 and largely in original condition, the property features a dated kitchen, vintage appliances, and popcorn ceilings. There is visible structural damage to the patio ceiling, and the listing description explicitly identifies it as a renovation project needing a 'vision' and 'strategy' for equity.
Elementary School: Franklin at Brimhall Elementary School (9/10).
Priced competitively at $245,000, this property offers a significant opportunity for investors or DIY homeowners to build immediate equity through strategic renovations and 'house hacking'.
The townhouse is ideally situated in central Mesa with rapid access to the US-60 and Loop 202 freeways, placing residents minutes away from major shopping, dining, and regional employment hubs.
The property is marketed as a fixer-upper needing 'vision,' implying that the 1967 structure likely requires significant capital investment to update aging systems and cosmetic finishes.
The $354 monthly association fee adds a fixed recurring expense that may impact the debt-to-income ratio for first-time buyers or reduce net cash flow for potential landlords.
Priced to move, ready for your vision. This 3 bed, 2.5 bath townhouse in central Mesa is an open door for the buyer who knows how to see potential. Whether you're looking to renovate and hold, house hack, or create a primary residence on your own terms, this property gives you the flexibility to execute your strategy. Solid footprint. Established neighborhood. Centrally located minutes from the 60 and 202, shopping and dining. Don't miss this opportunity to come with a vision and walk away with Equity.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades PK-6 • 0.5 mi
Grades K-6 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.5 | 50% |
| Baths | 3.0 | 2.5 | 50% |
| Square foot | 1,546 | 1,667 | 50% |
| Lot Size | 1,986 | 2,167 | 50% |
| Price | $245.0K | $122.5K | 50% |
| Price per sq ft | $158 | $79 | 50% |
| Built year | 1967 | 1968 | 50% |
| HOA | $354 | $306 | 50% |
| Days on market | 11 | 1007 | 50% |
Jun 8, 2026
$245,000
Initial Listing