616 N MATLOCK Street, Mesa, AZ 85203, Mesa, 85203 - 4 bed, 4 bath
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Mesa, AZ 85203
This Dual-Living Residential Property is a Strong Value Opportunity, listed at $550,000—positioned well above the $515,543 Fair Market Value by 6%. Despite the premium, the property offers significant utility through its Attached Guest Suite and Large 10,755 sqft Lot with no HOA. With a Condition Rating of 3 and a New 2023 Roof, the home is move-in ready. This versatile asset is ideal for Buy-and-Hold Investors seeking rental income or Owner-Occupants looking for multigenerational living solutions.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 616 N MATLOCK Street Subject | $550,000* List Price | 4 | 4 | 2,535 | $203 | - |
A 1313 N DELMAR -- Sold | $568,900 | 4 | 3 | 2,768 | $206 | 1.0 mi |
B 731 N ORACLE Street Sold | $410,000 | 4 | 2 | 2,220 | $185 | 0.7 mi |
C 1816 E ENROSE Street Sold | $539,500 | 4 | 2 | 2,032 | $266 | 1.0 mi |
D 1010 E 6th Place Sold | $420,000 | 3 | 2 | 2,307 | $182 | 0.1 mi |
E 636 E 6TH Place Sold | $635,000 | 6 | 3 | 3,000 | $212 | 0.5 mi |
F 323 N HUNT Drive E Sold | $450,000 | 4 | 2 | 1,842 | $244 | 0.8 mi |
G 713 E 6TH Place Pending | $595,000 List Price | 4 | 3 | 2,647 | $225 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1971, the property has undergone significant updates including a new roof in 2023 and a fully renovated kitchen with granite countertops and stainless steel appliances. The interior features new carpet and well-maintained tile flooring, making it move-in ready and consistent with a 5-15 year renovation cycle.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10755, living area = 2535.
Elementary School: Franklin at Brimhall Elementary School (9/10).
The property features a fully equipped attached guest suite with a private entrance, kitchen, and 1.5 baths, offering excellent opportunities for rental income or multigenerational living.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2535, other record living area = 2330.
The immediate assigned public schools, specifically the middle and high schools, have low performance ratings, which may impact the property's appeal to families.
Built in 1971, the home may have aging underlying infrastructure such as plumbing or electrical systems that could require future attention despite recent cosmetic updates.
Come check out this amazing home with attached Guest Casita. Main home includes 3 bedrooms, 2 bathrooms, Living and Family room, new carpet, fully updated kitchen with granite countertops & Backsplash. Guest Casita has private entrance at the side/rear of the home, it includes a bedroom, 1 ½ bathrooms, a living room, kitchen, laundry hook up, and a bonus room/additional bedroom perfect for guests or to rent out for extra income. Casita also has its own AC unit. Good sized lot includes two storage sheds, one of them is a newer tuff shed. New roof installed in 2023. Property has flood irrigation. Close to great schools & shopping. No HOA. This home is a must see
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 1.7 mi
Grades K-6 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.5 | 50% |
| Baths | 4.0 | 2.0 | 92% |
| Square foot | 2,535 | 2,251.5 | 63% |
| Lot Size | 10,755 | 10,318 | 61% |
| Price | $550.0K | $399.0K | 79% |
| Price per sq ft | $217 | $202 | 55% |
| Built year | 1971 | 1983 | 32% |
| HOA | $0 | $0 | 50% |
| Days on market | 25 | 2315 | 3% |
May 20, 2026
$550,000
Initial Listing