517 N 53RD Place, Mesa, AZ 85205, Mesa, 85205 - 2 bed, 1 bath
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Mesa, AZ 85205
This property presents a High-Potential Investment Opportunity with a List Price of $249,900—positioned slightly above the $246,648 Fair Market Value. While the home carries a Condition Rating of 4, its solid block construction and expansive 7,613 sqft lot in the active 55+ Dreamland Villa community provide a stable foundation for value-add renovations. Featuring desirable mountain views, this asset is well-suited for Buy-and-Hold Investors or Owner-Occupants looking to modernize a retirement-area residence with significant long-term equity potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 517 N 53RD Place Subject | $249,900* List Price | 2 | 1 | 1,115 | $221 | - |
A 5256 E COLBY Street Sold | $184,900 List Price | 2 | 1 | 1,002 | 0.1 mi | |
B 5416 E COLBY Street Sold | $299,000 List Price | 2 | 2 | 1,188 | 0.1 mi | |
C 5228 E DES MOINES Street Sold | $319,900 | 2 | 2 | 1,423 | $225 | 0.2 mi |
D 5412 E Boise Street Sold | $179,900 List Price | 2 | 2 | 912 | 0.3 mi | |
E 5412 E COVINA Road Sold | $239,900 List Price | 2 | 1 | 884 | 0.1 mi | |
F 5521 E DUNCAN Street Sold | $295,000 | 2 | 2 | 1,238 | $238 | 0.4 mi |
G 440 N 56th Street Active | $259,000 List Price | 2 | 1 | 1,146 | $226 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1963, this property is over 60 years old and remains in largely original or dated condition. While the block construction is solid and the home appears functional/livable, the kitchen and interior finishes are significantly dated and require modernization to meet current standards.
Priced competitively with solid block construction, this property offers significant equity-building potential for buyers looking to renovate and modernize a home in a proven retirement area.
The property features a generous 7,613 sqft lot and desirable mountain views, providing ample outdoor space and a scenic backdrop that enhances the overall value.
Situated in the active Dreamland Villa community, the home offers excellent proximity to golf courses, shopping, and the 60 Freeway, catering perfectly to an active adult lifestyle.
The home is in original condition and requires updates throughout, which will necessitate immediate additional capital investment and effort from the buyer.
With only one bathroom and a compact 1,115 sqft footprint, the layout may be restrictive for buyers accustomed to more modern, multi-bath configurations.
Big lot, little house with a small price tag in the adult community (55+) of Dreamland Villa in east Mesa. Built solidly of block construction, update this home and enjoy the benefits of your investment. A short drive to shopping and two golf courses and 2.5 miles north of the 60 Freeway, this is comfortable 2 bed / 1 bath retirement home in an active adult area.
No exterior & parking available.
Grades PK-6 • 0.7 mi
Grades PK-6 • 1.5 mi
Grades PK-6 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 34% |
| Baths | 1.0 | 2.0 | 6% |
| Square foot | 1,115 | 1,590.5 | 13% |
| Lot Size | 7,613 | 7,525 | 52% |
| Price | $249.9K | $275.0K | 46% |
| Price per sq ft | $224 | $204 | 57% |
| Built year | 1963 | 1983 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 2309 | 1% |
May 15, 2026
$249,900
Initial Listing