725 E 1ST Street, Mesa, AZ 85203, Mesa, 85203 - 3 bed, 2 bath
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Mesa, AZ 85203
This property presents a High-Potential Investment Opportunity with a List Price of $360,000—positioned well below the $377,811 Fair Market Value by 4%. This valuation gap offers $17,811 in Instant Equity. Featuring a Condition Rating of 4, the home offers a Large 9,406 sqft Lot with No HOA and flexible layout potential for a mother-in-law suite. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term value through strategic modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 725 E 1ST Street Subject | $360,000* List Price | 3 | 2 | 1,300 | $291 | - |
A 708 E PEPPER Place Pending | $350,000 List Price | 3 | 2 | 1,593 | $220 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1950, this 74-year-old home is functional but dated. While it features some visible updates like laminate flooring and dual-pane vinyl windows, the presence of popcorn ceilings and older interior finishes indicates it has not undergone a full modern renovation within the last 15 years. Given the age, the kitchen, bathrooms, and primary systems likely require modernization to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9406, living area = 1300.
Elementary School: Franklin at Brimhall Elementary School (9/10).
The property is perfectly configured for a mother-in-law suite or guest house, offering rare flexibility for extended family living or potential rental income.
Given the 1950 construction date, the home may require updates to major systems such as plumbing, electrical, or HVAC to meet modern efficiency and safety standards.
The immediate neighborhood public schools have lower performance ratings, which may be a drawback for families prioritizing high-ranking educational facilities.
Beautiful 1950's home in an established Mesa neighborhood with mature landscape. Home is perfectly setup for a mother-in-law suite or guest house living. No HOA! Come and see this beautiful home TODAY
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades K-6 • 1.0 mi
Grades K-6 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,300 | 2,164.5 | 18% |
| Lot Size | 9,406 | 10,262.5 | 39% |
| Price | $360.0K | $394.5K | 45% |
| Price per sq ft | $277 | $202 | 79% |
| Built year | 1950 | 1983 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 2320 | 3% |
Jun 8, 2026
$360,000
Initial Listing