
Mesa, AZ 85205
This Spacious Single-Family Residence represents a Prime Investment Opportunity, with a List Price of $329,000—positioned well below the $575,373 Fair Market Value by 42%. This significant valuation gap provides $246,373 in Instant Equity for the incoming buyer. Maintaining a Condition Score of 3, the home features dual-pane windows, a screened Arizona Room, and a rare $0 association fee within a 55+ community. Located near the 9/10 rated Franklin Elementary, this property offers immense financial upside and lifestyle stability. It is a perfect acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-equity retirement sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6713 E DES MOINES Street Subject | $295,000* List Price | 2 | 2 | 1,659 | $204 | - |
A 6666 E EL PASO Street Sold | $250,000 List Price | 3 | 2 | 1,602 | 0.3 mi | |
B 6252 E BILLINGS Street Sold | $267,500 | 2 | 2 | 1,590 | $168 | 0.7 mi |
C 6335 E DUNCAN Street Sold | $269,000 List Price | 3 | 2 | 1,670 | 0.5 mi | |
D 818 N 62ND Street Sold | $271,000 | 3 | 2 | 1,553 | $175 | 0.7 mi |
E 6338 E DODGE Street Sold | $285,000 List Price | 3 | 2 | 1,749 | 0.5 mi | |
F 6029 E EL PASO Street Sold | $360,000 | 2 | 2 | 1,594 | $226 | 0.9 mi |
G 650 N 65TH Way Pending | $369,000 List Price | 2 | 2 | 1,613 | $229 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1974 home is exceptionally well-maintained and move-in ready, meeting the 'good' criteria through significant partial updates. Key improvements include the installation of energy-efficient dual-pane windows, updated luxury vinyl plank (LVP) and tile flooring, and modernized bathroom vanities with contemporary fixtures. While the kitchen retains older white appliances and cabinetry, the overall condition shows minimal wear and tear. The property's systems appear functional, and the exterior landscaping and screened Arizona Room are in excellent condition for its age.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8358, living area = 1659.
Elementary School: Franklin Elementary School (9/10).
The property features a rare $0 association fee within a 55+ community, offering significant monthly savings and a lower cost of ownership compared to similar active adult developments.
Being situated in a 55+ community limits the potential buyer pool to a specific demographic, which can impact the speed of resale and overall market reach.
Built in 1974, the property may require ongoing maintenance or further modern updates to its original systems and floor plan to compete with newer residential options.
Spacious home in the desirable 55+ community of Dreamland Villa! Great homeowner or investor opportunity. Bring your vision and make it your own. This home is on SEWER not septic. The large living room and formal dining area create an open, welcoming space that is perfect for entertaining family and friends. The home features dual pane windows, ceiling fans throughout, tile in the main traffic areas, and LVP and carpet in the bedrooms for added comfort. The kitchen opens to a cozy great room with a fireplace, creating a second living area ideal for relaxing or gathering with guests. The spacious primary suite includes plush carpet, a newer vanity, and a walk-in closet. Step outside to enjoy Arizona living with a screened Arizona Room and a private fenced backyard. The beautiful landscaping includes a front flower bed along with rose bushes and mature orange trees in the backyard. Conveniently located near shopping, restaurants, hospitals, and with quick freeway access, this home offers comfort, space, and an excellent location.
No exterior & parking available.
Grades PK-6 • 0.7 mi
Grades PK-6 • 1.6 mi
Grades PK-6 • 2.3 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 | 1,659 | 1,553 | 57% |
| Lot Size | 8,358 | 7,639 | 65% |
| Price | $295.0K | $310.0K | 48% |
| Price per sq ft | $178 | $215 | 42% |
| Built year | 1974 | 1983 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 39 | 2231 | 1% |
Apr 20, 2026
$295,000
$329,000
-10% Price Drop
Initial Listing
Mar 14, 2026
$329,000
Initial Listing