5832 E COLBY Street, Mesa, AZ 85205, Mesa, 85205 - 2 bed, 2 bath
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Mesa, AZ 85205
This Move-In Ready 55+ Residence is listed at $319,900, offering a stable lifestyle investment near its $292,194 Fair Market Value. The interior features a recently updated kitchen and a remodeled main bathroom, supporting a Fair Condition Rating that balances modern convenience with original character. The property serves as a private sanctuary, featuring a private patio backing directly onto a natural desert open space. Located in the peaceful Velda Rose Estates near the 9/10 rated Franklin Elementary School, this home is ideal for Owner-Occupants or retirees seeking a peaceful, turnkey Arizona retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5832 E COLBY Street Subject | $299,900* List Price | 2 | 2 | 1,591 | $188 | - |
A 5228 E DES MOINES Street Sold | $319,900 | 2 | 2 | 1,423 | $225 | 0.8 mi |
B 6252 E BILLINGS Street Sold | $267,500 | 2 | 2 | 1,590 | $168 | 0.6 mi |
C 6335 E DUNCAN Street Sold | $269,000 List Price | 3 | 2 | 1,670 | 0.7 mi | |
D 5313 E Dallas Street Sold | $260,000 List Price | 3 | 2 | 1,519 | 0.7 mi | |
E 6338 E DODGE Street Sold | $285,000 List Price | 3 | 2 | 1,749 | 0.7 mi | |
F 604 N RECKER Road Sold | $259,000 List Price | 2 | 2 | 1,376 | 0.2 mi | |
G 5903 E DUNCAN Street Pending | $256,000 List Price | 2 | 2 | 1,571 | $163 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a well-maintained 1968 build that is move-in ready, but it retains several dated features that align with a 'Fair' rating. While the listing highlights a recently updated kitchen and a remodeled main bathroom, the presence of popcorn ceilings, older carpeting, and a basic laundry area indicates that the home has not undergone a comprehensive modern renovation. It serves as a functional, aged home with localized updates rather than a fully modernized 'Good' or 'Excellent' condition property.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7849, living area = 1591.
Elementary School: Franklin Elementary School (9/10).
The property backs to a quiet open space with walking paths and natural vegetation, providing a serene and private outdoor setting that is highly desirable in a 55+ community.
Located in an age-restricted 55+ community, the potential buyer pool is limited to a specific demographic, which may affect long-term resale liquidity.
The property relies on Rural Metro for fire protection, which requires a separate private subscription fee not typically included in standard municipal property taxes.
EZ, relaxed living in this comfy, 2 bedroom, 2 bath home in Velda Rose 55+ community. Fantastic location, BACKS TO THE WALKING TRAIL and just down from the COMMUNITY POOL area. Age restricted 55+. Quiet setting. Recently updated home with great newer Kitchen and main bathroom remodel. Recent new floors in kitchen, bathroom, living area and bedrooms Extended driveway goes all the way into the backyard. Plenty of space for extra parking. Lots of storage. Previous owner added 2nd bathroom onto back of family room area. Indoor laundry with Washer & Dryer included and lots of storage in there too! Craft(?) room set up too. Large covered patio for outdoor relaxation. Backyard patio area also has a fully plumbed sink with cabinet ready for outside time. Rural Metro for fire. See this today!
No exterior & parking available.
Grades PK-6 • 1.3 mi
Grades PK-6 • 2.6 mi
Grades K-6 • 5.4 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 | 1,591 | 1,591 | 50% |
| Lot Size | 7,849 | 7,525 | 60% |
| Price | $299.9K | $282.5K | 51% |
| Price per sq ft | $188 | $204 | 48% |
| Built year | 1968 | 1983 | 21% |
| HOA | $220 | $0 | 93% |
| Days on market | 71 | 2309 | 1% |
May 11, 2026
$299,900
$309,900
-3% Price Drop
Initial Listing
Apr 20, 2026
$309,900
$319,900
-3% Price Drop
Initial Listing
Apr 6, 2026
$319,900
Initial Listing