
Mesa, AZ 85203
This Turnkey Single-Family Residence is a Prime Investment Opportunity, listed at $425,000—positioned well below the $436,889 Fair Market Value by 2%. This valuation gap offers $11,889 in Instant Equity. Featuring a Condition Rating of 3, the home boasts Modern Infrastructure Upgrades including a 200-amp panel and tankless water heater. The Large Irrigated Lot provides rare utility in a no-HOA setting. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in-ready home with long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 502 N ASHLAND Subject | $425,000* List Price | 3 | 2 | 1,431 | $305 | - |
A 829 E 9TH Place Sold | $435,000 | 3 | 2 | 1,789 | $243 | 0.5 mi |
B 560 N ASHLAND -- Pending | $412,500 List Price | 3 | 2 | 1,364 | $302 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1948, the property has undergone significant renovations and system upgrades. The kitchen and bathrooms are modernized with stainless steel appliances and granite countertops (likely 5-15 year old reno style). Critical systems are in excellent shape with a 200-amp electrical panel, tankless water heater, and 2026 HVAC ductwork/thermostat updates, making it fully move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8168, living area = 1431.
The home features significant mechanical improvements including a new 200-amp electrical panel, a gas tankless water heater, and enhanced AC ductwork, providing modern efficiency and reliability.
The spacious 8,168 sq. ft. flood-irrigated lot offers rare utility for gardening and outdoor activities, further enhanced by the freedom of having no HOA restrictions.
Built in 1948, the property may have structural characteristics or floor plan limitations inherent to older homes that could require ongoing maintenance compared to newer builds.
At 1,431 square feet for a three-bedroom residence, the interior living spaces and bedrooms may feel small for buyers seeking more expansive modern layouts.
Beautiful Mesa home situated on a spacious 8,168 sq. ft. flood-irrigated lot in a well-established neighborhood with no HOA. This charming 3-bedroom, 2-bath residence combines classic character with numerous modern upgrades that provide comfort, efficiency, and peace of mind. Recent improvements include a fresh exterior paint job completed June 2026 and a recently repainted interior, creating a clean, move-in-ready feel throughout. The home features a fully upgraded 200-amp electrical panel, a gas-powered tankless water heater, and enhanced AC ductwork with a new thermostat installed in 2026 for improved airflow, comfort, and energy efficiency. Natural light and privacy are easily managed with custom top-down/bottom-up cellular shades throughout the home, while remote-controlled ceiling fans in every room add convenience and year-round comfort. The primary bathroom includes a recently resurfaced bathtub with a transferable warranty. Outside, the generous flood-irrigated lot offers plenty of space for gardening, entertaining, future expansion, or simply enjoying the mature surroundings. Conveniently located near shopping, dining, parks, schools, and major transportation routes, this property offers the perfect combination of location, functionality, and thoughtful upgrades. This move-in-ready home presents a rare opportunity to enjoy modern improvements, energy-efficient features, and a large, irrigated lot in the heart of Mesa. This house qualifies for Community Lending Program (CLP) with $7,500 to be used for buyers down payment, closing costs, & prepaids.
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 | 1,431 | - |
| Lot Size | 8,168 | - |
| Price | $425.0K | $476.2K |
| Price per sq ft | $297 | $271 |
| Built year | 1948 | 0 |
| HOA | $0 | $0 |
| Days on market | 28 | 2611 |
Jun 25, 2026
$425,000
Initial Listing