5446 E ALBANY Street, Mesa, AZ 85205, Mesa, 85205 - 2 bed, 2 bath
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Mesa, AZ 85205
This Active Adult Single Family Residence is a Strong Value Opportunity, listed at $299,900—positioned well below the $330,574 Fair Market Value by 9%. This valuation gap offers $30,674 in Instant Equity for the buyer. Featuring a Fair Condition Rating, the home includes newer stainless steel appliances and a spacious Arizona room. Located in the established Dreamland Villa community, it offers a low-maintenance lifestyle with optional resort-style amenities. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking an affordable, amenity-rich retirement lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5446 E ALBANY Street Subject | $299,000* List Price | 2 | 2 | 1,674 | $197 | - |
A 5228 E DES MOINES Street Sold | $319,900 | 2 | 2 | 1,423 | $225 | 0.7 mi |
B 5313 E Dallas Street Sold | $260,000 List Price | 3 | 2 | 1,519 | 0.7 mi | |
C 5501 E BOISE Street Active | $330,000 List Price | 2 | 2 | 1,861 | $177 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1959 and shows signs of a mid-range renovation likely 20+ years ago. While it is very well-maintained and move-in ready with newer stainless steel appliances and updated laminate flooring, the oak cabinetry, fluorescent kitchen lighting, and wood trim are dated by modern standards, fitting the 'Fair' criteria for homes needing cosmetic updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8291, living area = 1674.
Elementary School: Franklin Elementary School (9/10).
Located in the established Dreamland Villa 55+ community, residents benefit from optional, low-cost access to extensive amenities including pools, pickleball, and social clubs without high mandatory HOA fees.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1674, other record living area = 1476.
Originally built in 1959, the home may require ongoing maintenance or updates to its older systems and infrastructure to meet modern efficiency standards compared to newer builds.
The property features only a one-car garage, which may be a constraint for households with multiple vehicles or those requiring significant enclosed storage space.
Welcome to Dreamland Villa, one of Mesa's most established ACTIVE ADULT communities offering an affordable and amenity rich AZ lifestyle. This well maintained single level home features an oversized 1 car garage, extended driveway space, and rear RV parking potential for added flexibility. Inside, you'll find warm wood look flooring, neutral finishes, and comfortable living spaces throughout. The spacious living area flows into the kitchen featuring abundant cabinetry, generous counter space, tile flooring, NEWER SS appliances, and a breakfast bar. A versatile arts and crafts/Arizona room offers additional space for hobbies, office, or relaxing year round. Step outside to enjoy the covered patio complete with a pergola overlooking the spacious backyard w/ fruit trees (tangelos, grapefruit, lemon & navel oranges) ideal for enjoying beautiful Arizona mornings and evenings. DREAMLAND VILLA RETIREMENT COMMUNITY is one of Mesa's original and most established 55+ active adult communities known for its wide streets, larger lots, quiet atmosphere, and strong sense of community. Residents enjoy access to optional **LOW COST & OPTIONAL** amenities including swimming pools, spas, pickleball, shuffleboard, fitness facilities, billiards, walking trails, arts and crafts spaces, woodworking shops, clubs, social events, and a variety of recreational activities throughout the year. Conveniently located near shopping, dining, golf courses, hiking trails, medical facilities, spring training baseball, and easy freeway access, Dreamland Villa offers an affordable active adult lifestyle in the heart of the East Valley.
No exterior & parking available.
Grades PK-6 • 1.1 mi
Grades PK-6 • 1.8 mi
Grades PK-6 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 34% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,674 | 1,596.5 | 56% |
| Lot Size | 8,291 | 7,525 | 66% |
| Price | $299.0K | $282.5K | 51% |
| Price per sq ft | $179 | $204 | 48% |
| Built year | 1959 | 1983 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 39 | 2309 | 1% |
May 29, 2026
$299,000
$299,900
+0% Price Increase
Initial Listing
May 8, 2026
$299,900
Initial Listing