6462 E Raftriver Street, Mesa, AZ 85215, Mesa, 85215 - 4 bed, 3 bath
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Mesa, AZ 85215
This Updated Red Mountain Ranch Residence is a High-Potential Investment Opportunity, listed at $515,000—positioned well below the $659,454 Fair Market Value by 21%. This valuation gap provides $144,454 in Instant Equity. The home maintains a Good Condition Rating, featuring a new central A/C, granite countertops, and new first-floor flooring. Residents benefit from proximity to Top-Rated Schools like Franklin Elementary (9/10) and resort-style amenities including pickleball and golf access. This hybrid asset is an ideal acquisition for Owner-Occupants seeking immediate value or Buy-and-Hold Investors targeting a high-demand Mesa location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6462 E Raftriver Street Subject | $515,000* List Price | 4 | 3 | 2,047 | $322 | - |
A 6055 E ROCHELLE Street Sold | $520,000 | 4 | 2 | 1,872 | $278 | 0.6 mi |
B 6455 E RAFTRIVER Street Sold | $575,000 | 3 | 3 | 2,445 | $235 | 0.0 mi |
C 6531 E STAR VALLEY Street Sold | $475,000 | 3 | 2 | 1,916 | $248 | 0.2 mi |
D 6360 E RIVERDALE Street Sold | $528,900 | 4 | 3 | 2,353 | $225 | 0.5 mi |
E 6360 E RIVERDALE Street Sold | $528,900 | 4 | 3 | 2,353 | $225 | 0.5 mi |
F 6349 E REDMONT Drive Active | $659,000 List Price | 3 | 3 | 2,381 | $277 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features several high-value recent updates, including a brand-new central A/C system, new granite countertops in the kitchen, and a remodeled master walk-in shower. While the home was built in 1993, the addition of new first-floor flooring and artificial turf, combined with well-maintained community amenities, places it firmly in the 'good' category despite not being a full top-to-bottom renovation.
Elementary School: Franklin Elementary School (9/10).
The property features significant recent improvements, including a brand-new central A/C system, granite countertops, updated first-floor flooring, and a remodeled master walk-in shower, ensuring move-in readiness and reduced immediate maintenance costs.
Situated in the desirable Red Mountain Ranch, the home is walking distance to Red Mountain Elementary and the new ALA campus, with quick access to the 202 freeway, Salt River, and Saguaro Lake for premier outdoor recreation.
All bedrooms are located on the second floor, which may be a drawback for buyers seeking a main-floor primary suite or those with mobility concerns regarding stairs.
The association fee of $744 represents a significant recurring expense that may impact the overall monthly affordability and debt-to-income ratios for prospective buyers.
Highly sought-after Red Mountain Ranch community with nice updates featuring new granite counters, Open kitchen with island, & breakfast nook. New flooring on first-floor, and all new central A/C. All bedrooms upstairs, including a large Master Suite with new walk-in shower and large closet. Nice size backyard with covered patio, new artificial grass, and citrus trees. HOA maintains front yard, and includes cable, and access to a new gated park with pickleball courts. Optional Red Mountain Country Club membership for golf, tennis, and swimming. Prime NE Mesa location is walking distance to Red Mountain Elementary and new ALA Mesa campus. Enjoy being close to the mountains for hiking/biking trails, Salt River, Saguaro Lake, and easy access to 202 for easy commute. Enjoy this great location!
No exterior & parking available.
Grades PK-6 • 0.3 mi
Grades PK-6 • 6.7 mi
Grades K-6 • 8.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 71% |
| Baths | 3.0 | 2.0 | 62% |
| Square foot | 2,047 | 1,911.5 | 59% |
| Lot Size | 5,489 | 7,338.5 | 25% |
| Price | $515.0K | $429.2K | 65% |
| Price per sq ft | $252 | $225 | 60% |
| Built year | 1993 | 1994 | 47% |
| HOA | $744 | $115 | 94% |
| Days on market | 21 | 2147 | 1% |
Apr 1, 2026
$515,000
Initial Listing