737 S ELM --, Mesa, AZ 85202, Mesa, 85202 - 3 bed, 2 bath
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Mesa, AZ 85202
This Single Family Residence presents a Strong Value Opportunity, listed at $375,000—positioned well below the $392,859 Fair Market Value by 4%. This valuation gap offers $17,859 in Instant Equity. Featuring a Condition Rating of 4, the home includes a brand-new roof and HVAC system, providing essential stability. While interior finishes are dated, the flexible bonus room and covered patio offer significant utility. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a turnkey foundation with long-term appreciation potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 737 S ELM -- Subject | $375,000* List Price | 3 | 2 | 1,329 | $296 | - |
A 1609 W CAPRI Avenue Sold | $294,000 | 2 | 2 | 1,468 | $200 | 0.5 mi |
B 1343 W 6TH Avenue Active Under Contract | $400,000 List Price | 3 | 2 | 1,409 | $284 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the property boasts brand new major systems (Roof and HVAC installed 2026), the interior finishes are significantly dated. The kitchen features original or 30+ year old cabinetry and laminate counters, and the green patterned tile and popcorn ceilings throughout indicate the home has not had a comprehensive interior renovation in over 20 years.
Elementary School: Franklin at Brimhall Elementary School (9/10).
The property features a brand-new roof and HVAC system installed in 2026, offering significant value and reducing the risk of immediate high-cost maintenance for the new owner.
Freshly painted with tile flooring throughout and no HOA fees, this home is positioned as a turnkey opportunity ideal for first-time buyers or those seeking a low-maintenance lifestyle.
While some elementary options are strong, the assigned junior high and high schools carry lower ratings (3/10), which may impact long-term resale appeal for families.
Built in 1966, the home may lack the modern open-concept layout and energy-efficient building standards found in more contemporary residential properties.
Discover comfort and convenience in this inviting 3-bed/2-bath home now on the market! With NEW roof/HVAC (5/2026). Freshly painted and move-in ready, this gem offers a warm and welcoming atmosphere from the moment you enter. Bright living room is the perfect spot to relax or gather with guests, featuring tile flooring and ceiling fans throughout. Large eat-in kitchen comes with built-in appliances, ample cabinets, and a breakfast bar. Continue onto the sizable main bedroom, complete with a six-panel door closet and a private bathroom. Need extra space? Flexible bonus room provides endless possibilities as a media room, playroom, fitness area, or office. Spacious backyard includes a covered patio where you can enjoy al fresco dining or simply unwind at the end of the day. Hurry! . . . This amazing home is waiting for you!
No exterior & parking available.
Grades PK-6 • 0.5 mi
Grades K-6 • 1.7 mi
Grades K-6 • 3.7 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 | 1,329 | 1,635 | 20% |
| Lot Size | 6,142 | 7,667 | 18% |
| Price | $375.0K | $412.0K | 43% |
| Price per sq ft | $282 | $249 | 59% |
| Built year | 1966 | 1977 | 10% |
| HOA | $0 | $46 | 41% |
| Days on market | 3 | 2674 | 2% |
Jun 3, 2026
$375,000
Initial Listing