5423 E ELLIS Street, Mesa, AZ 85205, Mesa, 85205 - 4 bed, 2 bath
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Mesa, AZ 85205
This Strong Value Opportunity is a 4-bedroom single-story residence listed at $480,000—positioned well below the $519,336 Fair Market Value by 7%. This valuation gap provides $39,336 in Instant Equity. Featuring a Condition Rating of 3, the home offers modern upgrades like a renovated guest bath and stainless appliances alongside an oversized pool and large patio. Zoned for Red Mountain High School, this property is an ideal acquisition for Owner-Occupants or first-time buyers seeking immediate value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5423 E ELLIS Street Subject | $480,000* List Price | 4 | 2 | 1,759 | $295 | - |
A 5322 E FOUNTAIN Street Sold | $465,000 | 4 | 2 | 1,812 | $257 | 0.4 mi |
B 5322 E FOUNTAIN Street Sold | $465,000 | 4 | 2 | 1,812 | $257 | 0.4 mi |
C 840 N Arvada -- Sold | $549,900 | 3 | 2 | 2,003 | $275 | 0.1 mi |
D 5819 E ELLIS Street Sold | $418,000 | 3 | 2 | 1,672 | $250 | 0.5 mi |
E 5640 E ENCANTO Street Sold | $425,000 List Price | 3 | 2 | 1,759 | 0.4 mi | |
F 5051 E COLBY Street Sold | $400,000 | 4 | 2 | 1,460 | $274 | 0.6 mi |
G 5829 E ENROSE Street Pending | $419,999 List Price | 4 | 2 | 1,672 | $251 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1987 (37 years old), the property is well-maintained and move-in ready. It features a fully renovated guest bath with modern quartz counters and frameless glass, updated wood-look flooring, and stainless steel kitchen appliances. The kitchen cabinetry is functional but dated, and the tile roof adds to the structural value.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8089, living area = 1759.
Elementary School: Franklin at Brimhall Elementary School (9/10).
The property features an oversized pool, open pergola, and a large patio on an 8,000+ sqft lot, offering rare value for a pool home at this price point in the 85205 zip code.
While the guest bath is fully renovated, the primary suite is not described as updated, suggesting it may still feature original 1987 finishes that require modernization.
With four bedrooms distributed across 1,759 square feet, individual room sizes or living areas may feel somewhat constrained compared to larger contemporary floor plans.
4-bedroom, 2-bath single-story in East Mesa's Alta Mesa community on an 8,000+ sqft lot. Pool homes at this price point are increasingly rare in this zip code, and this one delivers: oversized pool, open pergola, and a large patio built for Arizona living. Inside, vaulted ceilings and an open layout connect the kitchen and family room with sightlines straight to the pool through a french door. Tile fireplace, bay window dining nook, breakfast bar, and stainless appliances. Primary suite has a full double-vanity bath with tub and shower. Guest bath fully renovated with quartz counters, white shaker vanity, matte black hardware, and frameless glass walk-in shower. Washer, dryer, and refrigerator all convey. Tile roof, low quarterly HOA, zoned for Red Mountain High School.
No exterior & parking available.
Grades PK-6 • 1.1 mi
Grades PK-6 • 1.3 mi
Grades PK-6 • 2.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 72% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,759 | 1,612 | 58% |
| Lot Size | 8,089 | 7,540 | 62% |
| Price | $480.0K | $295.0K | 82% |
| Price per sq ft | $273 | $208 | 73% |
| Built year | 1987 | 1984 | 73% |
| HOA | $59 | $0 | 66% |
| Days on market | 11 | 2285 | 1% |
May 26, 2026
$480,000
Initial Listing