540 E GARNET Avenue, Mesa, AZ 85204, Mesa, 85204 - 3 bed, 2 bath
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Mesa, AZ 85204
This property presents a High-Potential Investment Opportunity with a List Price of $360,000—positioned well above the $342,559 Fair Market Value by -5%. Featuring a Condition Rating of 4, this 1971 build offers a functional layout with significant value-add potential through cosmetic modernization. Located near Top-Rated Schools like Franklin Junior High (10/10), the home provides excellent long-term stability. With a private patio and no HOA fees, this is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a project to build equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 540 E GARNET Avenue Subject | $360,000* List Price | 3 | 2 | 1,290 | $266 | - |
A 618 E 10TH Drive Sold | $390,000 | 4 | 2 | 1,444 | $270 | 0.4 mi |
B 807 E DOLPHIN Avenue Sold | $385,000 | 3 | 1 | 1,148 | $335 | 0.8 mi |
C 814 E GARNET Avenue Sold | $425,000 List Price | 3 | 2 | 1,570 | 0.3 mi | |
D 408 E GARNET Avenue Pending | $330,000 List Price | 3 | 2 | 1,296 | $255 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1971, this 50+ year old property shows as a functional starter home but remains largely dated. The kitchen features older cabinetry and basic appliances, while the bathroom has undergone only minor cosmetic updates. Visible popcorn ceilings and older window frames suggest that major systems and aesthetic finishes are likely over 20 years old, requiring future updates to meet modern standards.
Elementary School: Franklin at Brimhall Elementary School (9/10). Middle School: Franklin Junior High School (10/10).
Centrally located with immediate access to the US 60 Freeway and the Mesa Grand Shopping Center, offering unparalleled convenience to premier dining, retail, and entertainment.
The property features a $0 association fee, providing homeowners with significant monthly savings and the freedom to manage their property without restrictive community mandates.
Built in 1971, the property may require significant updates to its major systems and cosmetic finishes to meet modern standards and buyer expectations.
With only 1,290 square feet for a three-bedroom residence, the interior layout may feel restrictive for growing families or those requiring larger common areas.
A MESA GEM AWAITS! Tucked in a quite community, this home is the perfect starter home. Centrally located and near the US 60 Freeway, don't miss out on making this the home of your dreams. this home has space to grow, with a small town feel. Close to schools, shopping, entertainment and dining, With Mesa Grand Shopping Center that has Texas Roadhouse, Charleston's, Mellow Mushroom, Backyard Taco, Harken's, Walmart, Panera Bread In-and-Out, and Chick-a-filet and so much more just minutes away, everything a homeowner needs is just around the corner. Come and see this incredible opportunity! Do not miss it!
No exterior & parking available.
Grades PK-6 • 1.2 mi
Grades K-6 • 1.4 mi
Grades K-6 • 1.6 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 | 1,290 | 1,580.5 | 21% |
| Lot Size | 6,228 | 7,341 | 18% |
| Price | $360.0K | $311.8K | 53% |
| Price per sq ft | $279 | $211 | 70% |
| Built year | 1971 | 1980 | 24% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 2314 | 1% |
May 23, 2026
$360,000
Initial Listing