510 N ALMA SCHOOL Road 154, Mesa, AZ 85201, Mesa, 85201 - 1 bed, 2 bath
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Mesa, AZ 85201
This Modernized Townhouse is a Strong Value Opportunity, listed at $204,500—positioned well below the $219,993 Fair Market Value by 7%. This valuation gap offers $15,493 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home showcases a Granite Kitchen, updated cabinetry, and rare Dual Fireplaces in both the living room and owner's suite. Located minutes from ASU and the Light Rail, it balances lifestyle convenience with strong appreciation potential. This is an ideal find for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 510 N ALMA SCHOOL Road 154 Subject | $225,000* List Price | 1 | 2 | 944 | $286 | - |
A 510 N ALMA SCHOOL Road 257 Sold | $247,500 | 2 | 2 | 944 | $262 | 0.0 mi |
B 510 N ALMA SCHOOL Road 223 Sold | $221,000 | 2 | 2 | 760 | $291 | 0.1 mi |
C 510 N ALMA SCHOOL Road 141 Sold | $290,000 | 3 | 2 | 1,118 | $259 | 0.0 mi |
D 510 N ALMA SCHOOL Road 223 Sold | $221,000 | 2 | 2 | 760 | $291 | 0.1 mi |
E 510 N Alma School Road 101 Pending | $235,000 List Price | 2 | 2 | 792 | $297 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the structure dates to 1986, the interior has undergone significant cosmetic renovations within the 5-15 year window. Updates include granite countertops, painted cabinetry, modern subway tile backsplash, and newer carpeting. The property is well-maintained and move-in ready.
The property features contemporary finishes including granite countertops, updated cabinetry, and newer carpeting, offering a move-in-ready experience for buyers.
Located just minutes from ASU, the light rail, and major freeways, this home provides excellent connectivity and high appeal for students or commuters.
The inclusion of dual fireplaces—one in the living room and one in the owner's suite—adds a rare level of comfort and character to a townhouse at this price point.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 2.
With only one formal bedroom, the property may face a more restricted buyer pool compared to multi-bedroom units in the Mesa market.
Built in 1986, the structure and its systems are nearly 40 years old, which may necessitate more frequent maintenance or future capital improvements.
2 bedroom, 1.5 bath home. Currently not in condition to show, waiting on repairs and bank approved price.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 3% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 944 | 1,118 | 35% |
| Lot Size | 725 | 793 | 45% |
| Price | $225.0K | $221.0K | 52% |
| Price per sq ft | $238 | $227 | 52% |
| Built year | 1986 | 1985 | 58% |
| HOA | $196 | $189 | 68% |
| Days on market | 50 | 2664 | 3% |
May 15, 2026
$225,000
$204,500
+10% Price Increase
Initial Listing
Apr 17, 2026
$204,500
Initial Listing