5851 E DODGE Street, Mesa, AZ 85205, Mesa, 85205 - 2 bed, 2 bath
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Mesa, AZ 85205
This Well-Maintained Seasonal Residence is a Prime Investment Opportunity, listed at $239,900—positioned well below the $245,730 Fair Market Value by 2%. This valuation gap provides $5,830 in Instant Equity for the incoming buyer. Featuring a Condition Rating of 4, the home boasts a functional 2-car carport, a dedicated workshop, and a private patio with desirable North/South exposure. Located near the 9/10 rated Franklin Elementary School with no mandatory HOA, this property offers significant long-term financial flexibility. It is an ideal match for Owner-Occupants seeking a value-buy or Buy-and-Hold Investors looking for a stable rental asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5851 E DODGE Street Subject | $239,900* List Price | 2 | 2 | 1,240 | $198 | - |
A 6058 E ADOBE Road Sold | $170,000 List Price | 2 | 2 | 1,118 | 0.3 mi | |
B 6020 E BILLINGS Street Sold | $215,000 | 2 | 2 | 1,265 | $170 | 0.5 mi |
C 5256 E COLBY Street Sold | $184,900 List Price | 2 | 1 | 1,002 | 0.8 mi | |
D 6505 E EL PASO Street Sold | $260,000 | 2 | 1 | 1,239 | $210 | 0.8 mi |
E 5409 E DECATUR Street Sold | $225,000 | 2 | 2 | 1,064 | $211 | 0.6 mi |
F 5521 E DUNCAN Street Sold | $295,000 | 2 | 2 | 1,238 | $238 | 0.4 mi |
G 5822 E DUNCAN Street Active | $299,000 List Price | 3 | 1 | 1,232 | $243 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1969, this property is well-maintained but shows significant age with dated features such as popcorn ceilings, older carpeting, and original architectural styles. While the home appears clean and functional due to its history as a seasonal residence, it lacks modern updates to the flooring and fixtures, fitting the criteria for a home that is aged but maintained through regular upkeep.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7513, living area = 1240.
Elementary School: Franklin Elementary School (9/10).
The property offers the rare benefit of no mandatory HOA fees or restrictions, providing homeowners with financial savings and greater flexibility while still offering optional access to community amenities.
Built in 1969, the home likely requires cosmetic updates and modernization to meet current market trends and contemporary buyer expectations.
The presence of a carport instead of a fully enclosed garage may be a drawback for buyers seeking maximum vehicle security and protection from the Arizona heat.
NO HOA!!! Great Investment Opportunity - This 2-bedroom 2-bathroom home is ready for a new owner. Has been a part time home for winter visitors for many years. North/South Exposure - Open living space, 2 car covered carport, and nice workshop area, priced right!! NO HOA!! - There is a $270 annual fee if the new owner would like to use the pool and recreational facilities, not mandatory to live in Dreamland Villa.
No exterior & parking available.
Grades PK-6 • 1.1 mi
Grades PK-6 • 1.3 mi
Grades PK-6 • 1.5 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 | 1,240 | 1,542 | 23% |
| Lot Size | 7,513 | 7,543 | 45% |
| Price | $239.9K | $310.0K | 42% |
| Price per sq ft | $193 | $215 | 43% |
| Built year | 1969 | 1983 | 21% |
| HOA | $0 | $0 | 50% |
| Days on market | 55 | 2231 | 1% |
Feb 26, 2026
$239,900
Initial Listing