528 S 111TH Place, Mesa, AZ 85208, Mesa, 85208 - 3 bed, 2 bath
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Mesa, AZ 85208
This property presents a High-Potential Investment Opportunity with a List Price of $425,000—positioned above the $415,409 Fair Market Value by 2%. While the property requires capital expenditure to address the empty pool and interior updates, its Fair Condition Rating and massive 13,885 sq ft lot offer significant upside. With no HOA restrictions and proximity to top-rated schools like Franklin Elementary, this asset provides rare flexibility for custom improvements. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking a value-add project in Mesa.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 528 S 111TH Place Subject | $425,000* List Price | 3 | 2 | 1,492 | $278 | - |
A 804 S TOBIN Circle Sold | $396,300 | 3 | 2 | 1,687 | $235 | 0.6 mi |
B 665 S ESMERALDA -- Pending | $424,900 List Price | 4 | 2 | 1,628 | $261 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2005, the property is approximately 20 years old and fits the 'Fair' criteria for age and condition. While the kitchen and laundry appear functional, the listing describes it as an investor opportunity sold AS-IS with an empty pool and renovation potential, indicating it is dated and requires repairs to reach move-in standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13885, living area = 1492.
Elementary School: Franklin Elementary School (9/10).
The property features a massive 13,885 sq ft lot with no HOA restrictions, offering rare flexibility for RV parking, storage, or custom outdoor improvements in a residential setting.
The requirement for cash-only offers and an 'as-is' sale excludes traditional buyers using conventional or FHA financing, limiting the potential buyer pool to liquid investors.
The property requires substantial upfront investment to address the empty pool and necessary interior renovations before it can be occupied or leased.
Investor opportunity in Mesa! This 3-bedroom, 2-bath home offers a 2-car garage and sits on an oversized 13,885 sq ft lot with no HOA. Property includes a private pool (currently empty) and presents strong potential for renovation or investment. Home is being sold AS-IS with no repairs. Cash offers only.
No exterior & parking available.
Grades PK-6 • 0.8 mi
Grades PK-6 • 7.7 mi
Grades K-6 • 11.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,492 | 1,627 | 38% |
| Lot Size | 13,885 | 7,700 | 94% |
| Price | $425.0K | $339.9K | 72% |
| Price per sq ft | $285 | $209 | 91% |
| Built year | 2005 | 1998 | 94% |
| HOA | $0 | $105 | 20% |
| Days on market | 37 | 2635 | 1% |
May 9, 2026
$425,000
Initial Listing