7426 E MELROSE Street, Mesa, AZ 85207, Mesa, 85207 - 3 bed, 2 bath
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7426 E MELROSE Street
Mesa, AZ 85207
ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,800Sq Ft
7,746Lot Size
Property Price
LIST PRICE$525,000
EST. MARKET VALUE
$530,566
SUMMARY
This Turnkey Single-Family Residence is a Strong Value Opportunity, listed at $539,000—positioned slightly above the $537,060 Fair Market Value. While priced at market, the property offers a proven, successful rental history with a confirmed 2027 reservation, making it a stable asset. Featuring a Good Condition Rating with a 2022 roof and 2024 appliances, the home provides immediate, low-maintenance utility. Located in the prestigious Las Sendas community with Mountain Views and access to Top-Rated Elementary Schools, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready lifestyle.
Estimated Market Value
$530,566
Based on Realkey algorithm analyzing recent comparable sales in Mesa.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7426 E MELROSE Street Subject 3 bd · 2 ba · 1,800 sqft · $295 | $525,000* List Price | 3 | 2 | 1,800 | $295 | - |
A 7521 E OASIS Circle Sold 3 bd · 2 ba · 1,794 sqft · $332 · 0.4 mi | $595,000 | 3 | 2 | 1,794 | $332 | 0.4 mi |
B 2743 N RAVEN -- Sold 3 bd · 2 ba · 1,584 sqft · $322 · 0.2 mi | $510,000 | 3 | 2 | 1,584 | $322 | 0.2 mi |
C 2723 N Sterling -- Sold 3 bd · 2 ba · 2,276 sqft · $253 · 0.2 mi | $575,000 | 3 | 2 | 2,276 | $253 | 0.2 mi |
D 3060 N Ridgecrest -- 77 Sold 4 bd · 2 ba · 2,226 sqft · $281 · 0.9 mi | $625,000 | 4 | 2 | 2,226 | $281 | 0.9 mi |
E 2950 N 71ST Place Sold 3 bd · 2 ba · 1,769 sqft · $285 · 0.6 mi | $505,000 | 3 | 2 | 1,769 | $285 | 0.6 mi |
F 6861 E PEARL Street Sold 4 bd · 3 ba · 1,911 sqft · $298 · 0.6 mi | $570,000 | 4 | 3 | 1,911 | $298 | 0.6 mi |
G 7325 E MINTON Circle Pending 3 bd · 2 ba · 2,126 sqft · $282 · 0.2 mi | $599,500 List Price | 3 | 2 | 2,126 | $282 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2002, the property is well-maintained and move-in ready. It features a new roof (2022), recent interior paint, and new carpet. While the kitchen and baths are original and aesthetically dated, the home is functional and turnkey with updated appliances (2024), fitting the 'Good' criteria for its age and maintenance level.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7746, living area = 1800.
- Great Schools
Elementary School: Franklin at Brimhall Elementary School (9/10).
- Turnkey Investment Potential
The property is a proven successful rental with a confirmed 2027 reservation and available furnishings, offering an immediate revenue stream and 'plug-and-play' opportunity for investors.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1800, other record living area = 1762.
- Average Secondary School Ratings
While the elementary school is highly rated, the assigned middle and high schools have lower ratings (5 and 6 respectively), which may limit appeal for families prioritizing top-tier secondary education.
- High Association Fees
The $534 association fee represents a substantial recurring carrying cost that may impact the net ROI for investors or the monthly budget for primary residents.
About 7426 E MELROSE Street
Turnkey opportunity in desirable Las Sendas--ideal as a furnished 30+ day rental, seasonal residence or full-time home. Previously operated as a successful furnished rental, with a confirmed February 2027 reservation already scheduled. This beautifully maintained single-level home offers a spacious Great Room with gas fireplace, split primary suite, 3 bedrooms, 2 baths and approximately 1,800 SF. Enjoy a private, low-maintenance backyard and outstanding Las Sendas amenities including pools, fitness facilities, sport courts, parks, trails and golf nearby. Recent improvements include interior paint and carpet, roof (2022), and washer/dryer (2024). Furnishings available separately, offering an investor the opportunity for a nearly turnkey purchase.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2002
- Lot Size
- 7,746 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $534 / Month
Neighborhood Insights
Mesa Unified Schools
Las Sendas Elementary School
Grades K-6 • 0.8 mi
8/10
Franklin at Brimhall Elementary School
Grades PK-6 • 5.8 mi
9/10
Franklin Elementary School
Grades K-6 • 8.3 mi
9/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,800 | 1,898.592 |
| Lot Size | 7,746 | 7,745.036 |
| Price | $525.0K | $485.3K |
| Price per sq ft | $292 | $264 |
| Built year | 2002 | 1995 |
| HOA | $534 | $174 |
| Days on market | 28 | 67 |
Pricing History
Listed for Sale
Oct 21, 2026
$525,000
$539,000
-3% Price Drop
Initial Listing
Price Change
Sep 26, 2026
$539,000
Initial Listing