
Mesa, AZ 85205
This Modernized Single-Family Residence is a Prime Investment Opportunity, listed at $420,000—positioned well below the $712,210 Fair Market Value by 41%. This exceptional valuation gap offers $292,210 in Instant Equity. Boasting a Condition Rating of 2, the home features a renovated granite kitchen, stainless appliances, and a covered patio. With no HOA fees and access to the 9/10 rated Franklin Elementary, this property combines high-end finishes with massive financial upside. It is perfectly suited for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5832 E BILLINGS Street Subject | $399,900* List Price | 2 | 2 | 1,744 | $236 | - |
A 5316 E COLBY Street Sold | $400,000 List Price | 3 | 2 | 1,716 | 0.7 mi | |
B 6319 E ALBANY Street Sold | $470,000 | 3 | 3 | 1,761 | $267 | 0.6 mi |
C 5527 E DALLAS Street Sold | $324,000 | 2 | 2 | 1,436 | $226 | 0.6 mi |
D 641 N 65TH Street Sold | $350,000 List Price | 2 | 2 | 1,211 | 0.9 mi | |
E 243 N 61st Place Sold | $390,000 | 3 | 2 | 1,660 | $235 | 0.4 mi |
F 243 N 61ST Place Sold | $390,000 | 3 | 2 | 1,874 | $208 | 0.4 mi |
G 6025 E Boise Street Active | $399,900 List Price | 2 | 2 | 1,798 | $222 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone an extensive recent renovation that aligns with current market standards. The kitchen is fully modernized with two-tone cabinetry, granite countertops, a farmhouse sink, and stainless steel appliances. The interior features consistent, durable vinyl plank flooring, an updated open-concept layout, and modern closet built-ins. While the structure dates to 1971, the cosmetic and functional updates to the primary living areas and systems make it move-in ready and virtually new in appearance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8408, living area = 1744.
Elementary School: Franklin Elementary School (9/10).
The home features high-quality contemporary updates, including granite countertops, crisp white cabinetry, stainless steel appliances, and durable vinyl flooring throughout.
Built in 1971, the home may have aging underlying systems such as plumbing or electrical that could require maintenance or updates despite the cosmetic renovations.
The two-bedroom configuration may limit the property's appeal to larger families or buyers needing multiple dedicated home offices or guest spaces.
Charming 1-story home featuring 2 bedrooms and 2 full bathrooms with a welcoming front porch and great curb appeal. Inside, enjoy durable vinyl flooring throughout and a bright kitchen with granite countertops, crisp white cabinetry, and stainless steel appliances. Spacious living areas offer comfortable everyday living. Step outside to a fenced backyard perfect for entertaining, complete with a covered patio and storage shed. Convenient 2-car garage plus driveway parking. Great UPDATED open concept layout, move-in ready, and easy to love. Don't miss your chance to see this home in person!
No exterior & parking available.
Grades PK-6 • 1.4 mi
Grades PK-6 • 1.6 mi
Grades PK-6 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 35% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,744 | 1,553 | 61% |
| Lot Size | 8,408 | 7,639 | 68% |
| Price | $399.9K | $310.0K | 71% |
| Price per sq ft | $229 | $216 | 55% |
| Built year | 1971 | 1983 | 30% |
| HOA | $0 | $0 | 50% |
| Days on market | 62 | 2231 | 1% |
Apr 14, 2026
$399,900
$420,000
-5% Price Drop
Initial Listing
Feb 19, 2026
$420,000
Initial Listing