5415 E DECATUR Street, Mesa, AZ 85205, Mesa, 85205 - 3 bed, 2 bath
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Mesa, AZ 85205
This Turnkey Single Family Residence is a Prime Investment Opportunity, listed at $350,000—positioned well below the $360,787 Fair Market Value by 2%. This valuation gap offers $10,787 in Instant Equity. With an Excellent Condition Rating, the home features a New Roof (2022), Updated AC (2020), and a Wheelchair Accessible Primary Bath. The property offers a unique Evap-Cooled Workshop and direct access to the Desert Nature Trail, making it an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in ready home.
Move-in ready 3BR/2BA home in Mesa, AZ. Features new roof, AC, and workshop. Priced below market with instant equity. Near top-rated schools and nature trails.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5415 E DECATUR Street Subject | $350,000* List Price | 3 | 2 | 1,538 | $235 | - |
A 5313 E Dallas Street Sold | $260,000 List Price | 3 | 2 | 1,519 | 0.2 mi | |
B 5316 E COLBY Street Sold | $400,000 List Price | 3 | 2 | 1,716 | 0.1 mi | |
C 5621 E DUNCAN Street Sold | $310,000 | 2 | 2 | 1,418 | $219 | 0.3 mi |
D 5131 E DALLAS Street Sold | $410,000 | 4 | 2 | 1,551 | $264 | 0.4 mi |
E 6020 E BILLINGS Street Sold | $316,000 | 2 | 2 | 1,265 | $250 | 0.8 mi |
F 6218 E DODGE Street Sold | $275,000 | 2 | 2 | 1,338 | $206 | 1.0 mi |
G 318 N 61ST Way Sold | $365,000 | 2 | 2 | 1,666 | $219 | 1.0 mi |
H 5349 E DALLAS Street Pending | $339,000 List Price | 2 | 2 | 1,581 | $214 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1966, the property has undergone a full interior remodel including the kitchen and bathrooms. Critical systems are nearly new, with the AC replaced in 2020 and the roof in 2022, placing it in the 'Excellent' category due to the recent renovations and lack of deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7300, living area = 1538.
Elementary School: Franklin at Brimhall Elementary School (9/10).
The property features significant high-ticket improvements, including a new roof installed in 2022 and a new AC system from 2020, offering peace of mind and reduced maintenance costs.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1538, other record living area = 1486.
Originally built in 1966, the property may have underlying infrastructure or layout limitations typical of older homes that cosmetic remodels do not fully address.
While the area offers some high-performing schools, the assigned Salk Elementary School is rated a 3/10, which could be a deterrent for families prioritizing education.
This is a Dreamland Villa Gem with an evap cooled garage/workshop big enough for a vehicle & a golfcart. Plus, a good-sized storage shed in the backyard. The entire backyard is completely fenced with convenient access gates to the Desert Nature Trail. The remodeled interior offers three beds & 2 baths and a bonus rm. Laundry room is accessible from inside & from the carport. Enjoy a beautiful kitchen with newer appliances. (new microwave coming soon) Baths have been remodeled and primary bath is wheelchair accessible. AC new in 2020. Roof new in 2022 . Washer/Dryer & frig convey! Check out this property with all these great features before someone else snatches it up! Community Amenities Membership is optional. $270 per person annually.
No exterior & parking available.
Grades PK-6 • 0.8 mi
Grades PK-6 • 1.3 mi
Grades PK-6 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,538 | - |
| Lot Size | 7,300 | - |
| Price | $350.0K | $476.2K |
| Price per sq ft | $228 | $271 |
| Built year | 1966 | 0 |
| HOA | $0 | $0 |
| Days on market | 11 | 2611 |
Jul 12, 2026
$350,000
Initial Listing