4747 E Hannibal Street, Mesa, AZ 85205, Mesa, 85205 - 3 bed, 2 bath
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Mesa, AZ 85205
This High-Potential Value-Add Residence represents a Prime Investment Opportunity, listed at $389,000—positioned well below the $479,611 Fair Market Value by 18%. This significant valuation gap provides $90,611 in Instant Equity for the buyer. While maintaining a Move-In Ready Condition Rating with a new roof (2023) and HVAC (2024), the property offers a massive 0.32-acre lot with No HOA restrictions. Proximity to the 9/10 rated Franklin Elementary secures long-term asset stability. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4747 E Hannibal Street Subject | $389,000* List Price | 3 | 2 | 1,931 | $248 | - |
A 5313 E Hobart Street Sold | $450,000 List Price | 4 | 2 | 2,009 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and shows significant pride of ownership. While the 1978 construction is evident in the architectural style and some interior finishes like the brick fireplace and older floor tiles, the home features critical recent upgrades including a new roof (2023) and a new HVAC system (2024). The bathrooms have been partially updated with modern vanities and fixtures, and the overall interior is clean and well-maintained, meeting the criteria for a functional home within its expected lifespan.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13828, living area = 1931.
Elementary School: Franklin Elementary School (9/10).
The property features a brand-new roof installed in November 2023 and a new HVAC system replaced in July 2024, significantly reducing immediate capital expenditure and providing long-term peace of mind.
Built in 1978, the home may require cosmetic modernizations or updates to original interior finishes to align with contemporary design preferences.
While the elementary school is highly rated, the assigned junior high and high schools carry moderate ratings, which may be a factor for families prioritizing top-tier educational districts.
Charming 1931 square foot single-story home situated on a spacious third-acre lot in a highly desirable neighborhood with NO HOA! This 3-bedroom, 2-bath residence blends timeless character with everyday comfort, featuring generous living spaces and plenty of natural light throughout. Roof was put on in November 2023. HVAC was replaced in July 2024. The expansive lot offers endless possibilities--room for gardening, entertaining, or future expansion. Enjoy the freedom of no HOA restrictions in this quiet Mesa neighborhood.
No exterior & parking available.
Grades PK-6 • 0.4 mi
Grades PK-6 • 3.6 mi
Grades K-6 • 4.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,931 | 1,553 | 74% |
| Lot Size | 13,828 | 7,639 | 91% |
| Price | $389.0K | $310.0K | 66% |
| Price per sq ft | $201 | $215 | 43% |
| Built year | 1978 | 1983 | 42% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 2231 | 1% |
Mar 21, 2026
$389,000
Initial Listing