5502 E COLBY Street, Mesa, AZ 85205, Mesa, 85205 - 2 bed, 1 bath
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Mesa, AZ 85205
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $275,000—positioned well above the $261,399 Fair Market Value by 5%. Despite the premium, the home features a Mint Condition Rating following a complete top-to-bottom renovation, including a modern kitchen and new windows. Located near the highly-rated Franklin at Brimhall Elementary School, this property offers a low-maintenance lifestyle with no HOA fees. It is an ideal acquisition for first-time buyers or downsizing professionals seeking a move-in-ready sanctuary in Mesa.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5502 E COLBY Street Subject | $275,000* List Price | 2 | 1 | 884 | $296 | - |
A 5412 E COVINA Road Sold | $285,000 List Price | 2 | 1 | 884 | 0.1 mi | |
B 5412 E COVINA Road Sold | $239,900 List Price | 2 | 1 | 884 | 0.1 mi | |
C 5426 E BOSTON Street Active | $219,000 List Price | 2 | 1 | 953 | $230 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1962, the property has undergone a complete top-to-bottom renovation within the last 5 years. The interior features a brand-new modern kitchen with sleek cabinetry and stainless appliances, updated flooring, new windows, and fully remodeled bathrooms, qualifying it as mint condition and move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7701, living area = 884.
Elementary School: Franklin at Brimhall Elementary School (9/10).
The home has been fully remodeled with brand-new windows, updated flooring, and a completely renovated kitchen and bathroom, offering a move-in-ready experience with contemporary finishes.
At just 884 square feet with a 2-bedroom, 1-bathroom layout, the interior space is limited, which may not accommodate growing families or those requiring a home office.
Despite the extensive cosmetic updates, the original 1962 structure may present long-term maintenance considerations typical of older homes regarding underlying systems and foundation.
Welcome to this beautifully fully remodeled home in the heart of Mesa! Beautiful mature trees create inviting curb appeal in the front yard. Every detail has been thoughtfully updated, offering modern style, comfort, and peace of mind. Step inside to discover brand-new windows that fill the home with natural light, updated flooring throughout, and a completely renovated kitchen and bathroom featuring sleek finishes, modern cabinetry, and brand-new appliances. The open and inviting layout is perfect for both everyday living and entertaining. With all the major updates already completed, this move-in ready home combines contemporary upgrades with timeless charm. Conveniently located near shopping, dining, parks, and freeway access.
No exterior & parking available.
Grades PK-6 • 0.9 mi
Grades PK-6 • 1.3 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 | 33% |
| Baths | 1.0 | 2.0 | 6% |
| Square foot | 884 | 1,602 | 4% |
| Lot Size | 7,701 | 7,540 | 57% |
| Price | $275.0K | $295.0K | 49% |
| Price per sq ft | $311 | $208 | 90% |
| Built year | 1962 | 1984 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 2285 | 1% |
May 19, 2026
$275,000
Initial Listing