531 N SIRRINE --, Mesa, AZ 85201, Mesa, 85201 - 2 bed, 1 bath
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Mesa, AZ 85201
This Value-Add Investment Property is listed at $269,000, positioned above the $240,364 Fair Market Value. While the list price reflects a premium over automated estimates, the asset’s location in the Mesa Historic District with No HOA provides a rare canvas for forced appreciation. Currently holding a Condition Rating of 5, the home requires a comprehensive interior and exterior overhaul, yet benefits from durable brick construction, a 10-year-old HVAC and roof, and an RV gate. This project is a strategic acquisition for Fix-and-Flip Investors or Contractors looking to capitalize on historic charm.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 531 N SIRRINE -- Subject | $269,000* List Price | 2 | 1 | 768 | $313 | - |
A 416 N LEWIS -- Active | $300,000 List Price | 3 | 1 | 924 | $325 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is marketed as a 'diamond in the rough' and specifically targeted at investors and flippers, indicating a need for substantial rehabilitation. While the roof and HVAC system are approximately 10 years old, the interior shows significant cosmetic neglect, including unfinished or poorly patched walls and dated fixtures. The exterior is poorly maintained with overgrown vegetation and debris, and the overall condition suggests that major cosmetic and functional updates are required throughout the kitchen, bathroom, and living areas to make it move-in ready by modern standards.
Located in the desirable Mesa Historic District with no HOA, providing owners with the rare flexibility to renovate, expand, or customize the property without restrictive community guidelines.
The home features significant high-ticket improvements, including a roof and HVAC system approximately 10 years old and newer energy-efficient vinyl windows, offering peace of mind for major components.
The solid brick construction provides excellent durability and energy efficiency, while the RV gate with alley access adds significant value for those needing extra storage or versatile entry options.
At just 768 square feet with a 2-bedroom, 1-bathroom configuration, the small footprint may be a constraint for modern families or buyers seeking more spacious living areas.
Marketed as a 'diamond in the rough,' the property requires a vision and additional capital investment for cosmetic and functional updates to modernize the interior and maximize its market potential.
Opportunity awaits in the Mesa Historic District! This 2-bedroom, 1-bath brick home is full of potential and ready for your vision. Whether you're an investor, flipper, or buyer looking to create a personalized space, this property offers a solid foundation to build on. Inside, you'll find a functional layout with a cozy living area, recessed lighting, and tile flooring throughout for easy maintenance. The kitchen includes wood cabinetry and offers a great footprint for a future refresh. Both bedrooms are well-sized and provide a comfortable starting point for reimagining the space. Key system updates include a roof and HVAC system approximately 10 years old, along with newer energy-efficient vinyl windows --valuable improvements already in place. The brick construction adds durability and energy efficiency. The backyard features a covered patio, RV gate with alley access, and ample room to design your ideal outdoor space. With no HOA, you'll enjoy the flexibility to renovate, expand, or customize to your needs. Conveniently located near parks, public transportation, dining, shopping, and local entertainment, this property is perfectly positioned for both investment and lifestyle potential. Bring your vision and transform this diamond in the rough into something special!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 10% |
| Baths | 1.0 | 2.0 | 12% |
| Square foot | 768 | 1,579.5 | 2% |
| Lot Size | 4,375 | 7,944.5 | 3% |
| Price | $269.0K | $240.0K | 52% |
| Price per sq ft | $350 | $191 | 95% |
| Built year | 1966 | 1965 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 28 | 2324 | 2% |
Mar 25, 2026
$269,000
Initial Listing
Sep 8, 2015
$55,550
Public Record