5344 E DIAMOND Avenue, Mesa, AZ 85206, Mesa, 85206 - 4 bed, 2 bath
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Mesa, AZ 85206
This Renovated Single-Family Home is a High-Potential Investment Opportunity, listed at $509,999—positioned well below the $644,683 Fair Market Value by 20%. This significant valuation gap provides $134,684 in Instant Equity. Boasting a Condition Rating of 2, the property features a modern granite kitchen, Tesla charger, and RV gate with no HOA. With access to top-rated Franklin schools (10/10), this turnkey residence perfectly balances lifestyle luxury with massive financial upside. It is an elite choice for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5344 E DIAMOND Avenue Subject | $499,999* List Price | 4 | 2 | 1,762 | $284 | - |
A 2503 LEISURE WORLD -- Sold | $453,000 | 3 | 2 | 1,723 | $263 | 0.7 mi |
B 2511 LEISURE WORLD -- Sold | $450,000 List Price | 3 | 2 | 1,937 | 0.7 mi | |
C 1799 LEISURE WORLD -- Sold | $599,900 | 2 | 3 | 2,168 | $277 | 0.9 mi |
D 2038 LEISURE WORLD -- Sold | $419,000 List Price | 2 | 2 | 1,534 | 0.5 mi | |
E 5433 E DRUMMER Avenue Pending | $484,999 List Price | 4 | 2 | 1,920 | $253 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1985, the property has undergone an extensive recent renovation within the last 5 years. It features a modern kitchen with white shaker cabinetry, granite countertops, and stainless steel appliances, along with updated bathrooms and high-end plank tile flooring. The inclusion of modern infrastructure like a Tesla charger and generator inlet confirms the home meets current quality standards with no deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8978, living area = 1762.
Elementary School: Franklin Elementary School (9/10). Middle School: Franklin Junior High School (10/10).
The property is equipped with a Tesla charger and a fully permitted generator inlet, offering high-tech convenience and peace of mind for backup power needs.
Built in 1985, the home may require more frequent maintenance or future updates to original major systems compared to newer constructions in the area.
While the elementary and junior high schools are highly rated, the assigned high school has a lower performance score, which may be a consideration for families with older children.
Beautifully updated 4-bedroom home with NO HOA in a prime Mesa location! Includes a Tesla charger and fully permitted generator inlet for backup power. Spacious great room with vaulted ceilings, floor-to-ceiling brick fireplace, and upgraded plank tile flooring. Modern kitchen features white cabinetry, granite countertops, backsplash, stainless steel appliances, walk-in pantry, and breakfast bar. Bathrooms offer granite counters; primary includes dual sinks, dual closets, and glass shower with pebble flooring. Backyard features extended covered patio, pavers, grass area, and mature fruit trees. Workshop garage with power and RV gate!
No exterior & parking available.
Grades PK-6 • 0.2 mi
Grades PK-6 • 0.9 mi
Grades K-6 • 4.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 79% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,762 | 1,704 | 60% |
| Lot Size | 8,978 | 7,475 | 80% |
| Price | $500.0K | $277.0K | 89% |
| Price per sq ft | $284 | $149 | 83% |
| Built year | 1985 | 1985 | 50% |
| HOA | $0 | $290 | 11% |
| Days on market | 70 | 2306 | 1% |
Apr 27, 2026
$499,999
$509,999
-2% Price Drop
Initial Listing
Apr 6, 2026
$509,999
Initial Listing