775 E 1ST Place, 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 $350,000—positioned well below the $335,646 Fair Market Value by -4%. While the home carries a Condition Rating of 5, the inclusion of a 468sqft attached casita provides significant multi-generational or rental income potential. The massive 10,119 sqft lot offers substantial room for value-add improvements. This asset is best suited for Buy-and-Hold Investors or Contractors capable of addressing the unpermitted carport enclosure and necessary interior modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 775 E 1ST Place Subject | $310,000* List Price | 3 | 2 | 1,420 | $217 | - |
A 708 E PEPPER Place Sold | $353,000 | 3 | 2 | 1,593 | $222 | 0.1 mi |
B 1052 E 8TH Place Sold | $375,000 | 3 | 2 | 1,604 | $234 | 1.0 mi |
C 725 E 1ST Street Active | $360,000 List Price | 3 | 2 | 1,300 | $277 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1948 with no significant updates, this property is explicitly marketed as a 'remodel opportunity.' The interior shows extremely dated kitchens and bathrooms, mismatched flooring, and visible safety issues including exposed electrical wiring in the ceiling. The presence of an unpermitted carport enclosure further indicates the need for a comprehensive rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10119, living area = 1162.
The property features an attached 468 sqft casita with a full kitchen, en suite, and separate entrance, offering excellent opportunities for rental income or guest accommodations.
Situated on a massive 10,119 square foot lot, the property provides significant outdoor space and ample room for future expansions or custom landscaping.
The two-bedroom carport enclosure is unpermitted, which may present challenges with traditional financing and future building code compliance.
Built in 1948 and marketed as a remodel opportunity, the home likely requires a substantial capital investment to modernize the systems and finishes.
Priced to Sell! Priced Below Appraised Value! Amazing remodel opportunity with multi-generational potential with an attached 468sqft casita with full kitchen, en-suite, and separate guest entrance. The main house features 2 bedrooms and 1 full bathroom and is situated in a massive 10,000 plus square foot lot., The total 1,162 square footage of the home does not include the unpermitted 2 bedroom enclosure of the car port.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades K-6 • 1.1 mi
Grades K-6 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,420 | - |
| Lot Size | 10,119 | - |
| Price | $310.0K | $476.2K |
| Price per sq ft | $218 | $271 |
| Built year | 1948 | 0 |
| HOA | $0 | $0 |
| Days on market | 66 | 2611 |
Jul 19, 2026
$310,000
$320,000
-3% Price Drop
Initial Listing
Jul 16, 2026
$320,000
$325,000
-2% Price Drop
Initial Listing
Jul 8, 2026
$325,000
$340,000
-4% Price Drop
Initial Listing
Jun 26, 2026
$340,000
$350,000
-3% Price Drop
Initial Listing
May 18, 2026
$350,000
Initial Listing