
Mesa, AZ 85205
This Spacious Value-Add Residence is listed at $389,900, reflecting a price point aligned with its $372,270 Fair Market Value and unique land assets. Maintaining a Fair Condition Rating, the interior serves as a pristine mid-century canvas for modernization. The property distinguishes itself with a rare 12,646 sq. ft. Double Lot, a functional Hobby Workshop with a half-bath, and a Screened-In Porch. Proximity to the 9/10 Rated Franklin Elementary ensures long-term resale stability. This property represents a strategic acquisition for Active Adult Owner-Occupants or Value-Add Seekers prioritizing space and customization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5207 E DODGE Street Subject | $389,900* List Price | 3 | 3 | 2,400 | $155 | - |
A 630 N PORTLAND Avenue Sold | $334,900 List Price | 3 | 2 | 2,203 | 1.0 mi | |
B 961 N SUNVIEW Circle Sold | $315,000 List Price | 4 | 2 | 1,950 | 0.9 mi | |
C 147 N 57TH Place Sold | $318,000 | 5 | 2 | 2,086 | $152 | 0.9 mi |
D 5048 E ADOBE Street Sold | $345,000 List Price | 5 | 3 | 2,652 | 0.2 mi | |
E 708 N 56TH Street Active Under Contract | $339,900 List Price | 3 | 2 | 1,868 | $182 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is exceptionally well-maintained and clean, reflecting the 'pride of ownership' mentioned in the description. However, it is significantly dated, with the kitchen and living areas featuring 1960s-1980s era styles, including scalloped wood trim, fluorescent light boxes, laminate countertops, and older teal carpeting. While functional and move-in ready, the home has not undergone a major modern renovation, placing it firmly in the fair category due to its aged aesthetic and original components.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12646, living area = 2400.
Elementary School: Franklin Elementary School (9/10).
Situated on a rare 12,646 sq. ft. double lot, this property offers exceptional outdoor space, mature fruit trees, and a level of privacy seldom found in the Dreamland Villa community.
With original ownership dating back to 1967, the interior likely requires significant cosmetic updates and modernization to meet current market trends and buyer expectations.
As part of an active adult community, the property is subject to age restrictions, which limits the potential buyer pool and may impact long-term resale velocity.
First time on the market since 1967! This lovingly maintained 3-bedroom, 2.5-bath home offering approximately 2,400 sq. ft. sits on a rare 12,646 sq. ft. double lot in Dreamland Villa, where HOA membership is voluntary. Pride of ownership is evident throughout. Enjoy relaxing in the screened-in porch, perfect for Arizona evenings, and take advantage of the bonus hobby/workshop room with its own two-piece bathroom, ideal for projects, crafts, or a private workspace. The spacious backyard with mature fruit trees provides room for gardening, entertaining, or simply enjoying the outdoors. A unique opportunity offering space, flexibility, and comfortable living in this desirable active adult community.
No exterior & parking available.
Grades PK-6 • 0.5 mi
Grades PK-6 • 1.3 mi
Grades PK-6 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 76% |
| Square foot | 2,400 | 1,553 | 88% |
| Lot Size | 12,646 | 7,639 | 91% |
| Price | $389.9K | $310.0K | 66% |
| Price per sq ft | $162 | $215 | 40% |
| Built year | 1967 | 1983 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 45 | 2231 | 1% |
Mar 8, 2026
$389,900
Initial Listing