
Mesa, AZ 85205
This 55+ Single Family Residence is a High-Potential Investment Opportunity, listed at $295,000—positioned well above the $261,824 Fair Market Value by -12%. While the home maintains a Condition Rating of 4, its Large Lot Size and Versatile Bonus Den offer significant value-add potential through modernization. Located in the desirable Dreamland Villa community, the property features a Spacious Covered Patio and Separate Workshop. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a customizable retirement retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6449 E DES MOINES Street Subject | $295,000* List Price | 2 | 2 | 1,378 | $190 | - |
A 6252 E BILLINGS Street Sold | $267,500 | 2 | 2 | 1,590 | $168 | 0.5 mi |
B 6505 E EL PASO Street Sold | $260,000 | 2 | 1 | 1,239 | $210 | 0.3 mi |
C 6020 E BILLINGS Street Sold | $215,000 | 2 | 2 | 1,265 | $170 | 0.7 mi |
D 6020 E Billings Street Sold | $215,000 | 2 | 2 | 1,265 | $170 | 0.7 mi |
E 6335 E DUNCAN Street Sold | $269,000 List Price | 3 | 2 | 1,670 | 0.2 mi | |
F 6522 E ADOBE Road Pending | $299,000 List Price | 2 | 2 | 1,231 | $243 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1973, this 51-year-old home is well-maintained but remains largely in original condition. While the kitchen features a new microwave and newer stovetop, the cabinetry, countertops, and bathrooms (original tile and fixtures) are significantly dated and exceed the 30-year threshold for modern standards. It is functional and move-in ready but requires updates to systems and finishes.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7560, living area = 1378.
Elementary School: Franklin Elementary School (9/10).
The inclusion of a dedicated den/office plus a separate exterior workshop provides exceptional utility for hobbyists, storage, or guest accommodations, which is rare for this square footage.
Built in 1973, the home may require significant capital investment for modernizing major systems or cosmetic updates to compete with newer or fully renovated properties in the area.
As a 55+ community residence, the property is subject to strict occupancy restrictions, which naturally limits the pool of potential buyers and can impact long-term resale velocity.
Welcome to your perfect 55+ retreat in Dreamland Villa community in Mesa! This fantastic sewer connected, 2-bedroom, 2-bathroom home features a versatile bonus den/office, perfect for a hobby room or guest space. The bright, welcoming kitchen offers a newer stovetop and new microwave to make cooking a breeze. You will love the everyday convenience of a 2-car garage and a dedicated, individual laundry room with the washer and dryer included! Step outside to relax, unwind, or entertain guests under your spacious covered patio. There's a separate workshop, ideal for DIY projects or extra storage. Enjoy ultimate flexibility with Dreamland Villa's optional membership! Join to enjoy the community pool, spa, gym, and endless social activities. Welcome home!
No exterior & parking available.
Grades PK-6 • 0.9 mi
Grades PK-6 • 1.4 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 | 34% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,378 | 1,590.5 | 32% |
| Lot Size | 7,560 | 7,525 | 52% |
| Price | $295.0K | $282.5K | 51% |
| Price per sq ft | $214 | $204 | 55% |
| Built year | 1973 | 1983 | 37% |
| HOA | $270 | $0 | 96% |
| Days on market | 44 | 2309 | 1% |
May 3, 2026
$295,000
Initial Listing