525 N MAY -- 22, Mesa, AZ 85201, Mesa, 85201 - 2 bed, 1 bath
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Mesa, AZ 85201
This property presents a High-Potential Investment Opportunity with a List Price of $199,999—positioned well below the $190,091 Fair Market Value by -5%. While the property requires cosmetic updates, its Fair Condition Rating and private patio offer a clear path to forced appreciation. Located in the Tempe Union School District, this asset provides a strategic, low-entry-point location for Buy-and-Hold Investors or first-time buyers seeking to build wealth through sweat equity in a high-demand Mesa corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 525 N MAY -- 22 Subject | $199,999* List Price | 2 | 1 | 768 | $234 | - |
A 525 N MAY Street 9 Sold | $230,100 | 3 | 2 | 936 | $246 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1973 (50+ years old). While it features updated hard-surface flooring, the listing description explicitly calls for 'sweat equity,' indicating that the kitchen, bathroom, and primary systems are likely dated and in need of modernization. It appears functional and livable but requires cosmetic updates to meet modern standards.
Elementary School: Franklin Elementary School (9/10).
Priced under $200,000, this property offers a rare opportunity for 'sweat equity,' allowing buyers to build immediate value through renovations in a competitive market.
The unit boasts excellent accessibility to Tempe, Gilbert, and Mesa, and is situated within the desirable Tempe Union School District, enhancing its long-term desirability.
The property is marketed as a fixer-upper, meaning buyers should expect to invest additional capital and labor to address deferred maintenance or dated finishes.
With only 768 square feet for a two-bedroom layout, the living spaces are quite compact, which may be a constraint for those requiring more storage or larger furniture.
Attention value hunters!! This is your chance to earn some sweat equity and get a wonderful place to live at the same time. Located in a wonderfully well-kept community that has easy access to Tempe, Gilbert, and Mesa, you won't want to miss this chance to OWN and not rent. This unit features laundry, its own private patio, and two parking spots (1 covered, 1 not), and it's in the Tempe Union School District. You will enjoy hard-surface floors, great natural light, and a user-friendly floor plan. Come take a look and see how you would make it your own! **Roof is being replaced within the next two weeks**
No exterior & parking available.
Grades PK-6 • 0.8 mi
Grades K-5 • 1.9 mi
Grades K-6 • 3.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 12% |
| Square foot | 768 | 1,024.5 | 12% |
| Lot Size | 1,372 | 764 | 73% |
| Price | $200.0K | $219.5K | 46% |
| Price per sq ft | $260 | $237 | 65% |
| Built year | 1973 | 1985 | 8% |
| HOA | $257 | $184 | 96% |
| Days on market | 39 | 2938 | 4% |
May 8, 2026
$199,999
Initial Listing