7016 E MENLO Street, Mesa, AZ 85207, Mesa, 85207 - 4 bed, 2 bath
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Mesa, AZ 85207
This Fully Remodeled Residential Asset is a Strong Value Opportunity, listed at $599,000—positioned well below the $633,856 Fair Market Value by 5%. This valuation gap provides $34,856 in Instant Equity. Boasting a Mint Condition Rating following a comprehensive 2025 renovation, the home features a new roof, HVAC, and windows on an expansive 18,777 Sqft Lot with no HOA. While currently leased until March 2027, the property offers proximity to the 9/10 rated Franklin at Brimhall Elementary. This is an elite acquisition for Buy-and-Hold Investors or Patient Owner-Occupants seeking long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7016 E MENLO Street Subject | $549,000* List Price | 4 | 2 | 2,070 | $296 | - |
A 1840 N BRIGHTON Circle Sold | $600,000 | 3 | 2 | 1,856 | $323 | 0.8 mi |
B 7750 E HERMOSA VISTA Drive Active | $534,000 List Price | 3 | 2 | 1,690 | $316 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent a comprehensive remodel in 2025, including a new roof, HVAC system, air ducts, windows, and appliances. With a renovation less than 5 years old and all major systems updated, it meets the criteria for mint condition with no maintenance required.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 18777, living area = 2070.
Elementary School: Franklin at Brimhall Elementary School (9/10).
The property underwent an extensive top-to-bottom remodel in 2025, including a new roof, HVAC system, windows, and modern interior finishes, significantly reducing future maintenance costs.
The property is currently leased until March 2027, which prevents owner-occupants from moving in for a significant period and limits the immediate buyer pool to investors.
The closest assigned elementary and junior high schools carry mid-range ratings (5/10), which may be a consideration for families prioritizing top-tier educational proximity.
PRICE REDUCED - MOTIVATED SELLER -INVESTMENT PROPERTY: Gorgeous 4 bedroom home with massive amount of room to build and expand. Remodeled in 2025, new roof, new A/C, new air ducts, new dual pane windows, new front door/rear sliding glass door, new flooring, new appliances, new paint, updated kitchen, cozy fireplace, large backyard you can expand/build guest casita/pool/spa. No HOA! Fantastic neighborhood. Quiet. LOCATION: Close to 202 Fwy, shopping, restaurants, tons of amazing mountain biking trails nearby and just 7 miles to the Salt River. This is it. Don't miss this opportunity. *THIS IS AN INCOME PROPERTY LEASED UNTIL MARCH, 2027.
No exterior & parking available.
Grades PK-6 • 1.0 mi
Grades PK-6 • 5.3 mi
Grades K-6 • 7.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 58% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,070 | 2,105 | 46% |
| Lot Size | 18,777 | 8,852 | 94% |
| Price | $549.0K | $344.0K | 73% |
| Price per sq ft | $265 | $235 | 58% |
| Built year | 1988 | 2000 | 19% |
| HOA | $0 | $127 | 27% |
| Days on market | 47 | 2826 | 1% |
Jun 9, 2026
$549,000
$585,000
-6% Price Drop
Initial Listing
Jun 5, 2026
$585,000
$590,000
-1% Price Drop
Initial Listing
May 29, 2026
$590,000
$596,500
-1% Price Drop
Initial Listing
May 15, 2026
$596,500
$599,000
+0% Price Increase
Initial Listing
Apr 28, 2026
$599,000
Initial Listing