5501 E EMELITA Avenue, Mesa, AZ 85206, Mesa, 85206 - 3 bed, 2 bath
Loading property details...
Mesa, AZ 85206
This Modernized Turnkey Residence is a Strong Value Opportunity, listed at $480,000—positioned well below the $498,329 Fair Market Value by 3%. This valuation gap secures $18,329 in Instant Equity for the buyer. Boasting a Condition Rating of 2, the home features a contemporary remodel with quartz countertops, wood-look tile, and a private pool on an expansive lot with an RV gate and NO HOA. Located near Top-Rated Schools like Franklin Junior High (10/10), it balances lifestyle luxury with financial upside. This is an elite acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5501 E EMELITA Avenue Subject | $480,000* List Price | 3 | 2 | 1,587 | $314 | - |
A 2038 LEISURE WORLD -- Sold | $419,000 List Price | 2 | 2 | 1,534 | 0.5 mi | |
B 1435 S Sinova -- Sold | $466,000 | 3 | 2 | 1,521 | $306 | 0.7 mi |
C 2511 LEISURE WORLD -- Sold | $450,000 List Price | 3 | 2 | 1,937 | 0.4 mi | |
D 1475 LEISURE WORLD -- Sold | $537,000 | 3 | 2 | 1,432 | $375 | 0.7 mi |
E 2503 LEISURE WORLD -- Sold | $453,000 | 3 | 2 | 1,723 | $263 | 0.5 mi |
F 5718 E FLOWER Circle Sold | $420,000 | 3 | 2 | 1,393 | $302 | 0.4 mi |
G 5531 E ELENA Avenue Active Under Contract | $425,000 List Price | 3 | 2 | 1,364 | $312 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1993, the property has undergone an extensive recent renovation that brings it to current market standards. The kitchen features modern white shaker cabinetry, quartz-style countertops, and stainless steel appliances. Bathrooms are fully updated with contemporary vanities, mirrors, and tile work. The home also boasts updated wood-look tile flooring, modern light fixtures, shiplap accent walls, and a well-maintained exterior with a newer HVAC system (6 years old) and a refreshed backyard with artificial turf and a pool.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7574, living area = 1587.
Elementary School: Franklin Elementary School (9/10). Middle School: Franklin Junior High School (10/10).
The home features a comprehensive contemporary remodel including stylish tile flooring, shiplap accent walls, and an electric fireplace, offering a turnkey experience for buyers.
While the junior high is highly rated, the assigned high school has a lower rating of 4, which may be a consideration for families prioritizing long-term education.
At 1,587 square feet, the interior footprint is relatively compact for a three-bedroom home in this price range, potentially limiting space for larger families.
Move-in ready and beautifully remodeled, this modern 3-bed, 2-bath home offers 1,587 sq ft of thoughtfully updated living space with NO HOA! Inside features a clean, contemporary design with gorgeous tile floors, updated finishes, an electric fireplace, and shiplap accent walls that add warmth and character throughout. Abundant cabinet storage adds both style and everyday functionality. The primary bedroom is a true retreat with double glass French doors opening directly to the backyard. Enjoy a private pool, low-maintenance turf yard, extra paved areas ideal for parking or storage, and an RV gate, plus a newer HVAC (6 yrs). Conveniently located near the US-60, hospitals, shopping, dining, and a large public park with space for kids and pets. This one checks all the boxes - don't miss it!
No exterior & parking available.
Grades PK-6 • 0.1 mi
Grades PK-6 • 0.8 mi
Grades K-6 • 4.7 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 | 1,587 | 1,672 | 39% |
| Lot Size | 7,574 | 7,169 | 63% |
| Price | $480.0K | $277.0K | 89% |
| Price per sq ft | $302 | $181 | 92% |
| Built year | 1993 | 1984 | 76% |
| HOA | $0 | $298 | 15% |
| Days on market | 55 | 2157 | 1% |
Feb 27, 2026
$480,000
Initial Listing