7764 E Downing Street, Mesa, AZ 85207, Mesa, 85207 - 3 bed, 2 bath
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Mesa, AZ 85207
This Single Family Residence presents a Strong Value Opportunity, listed at $488,000—positioned well below the $518,377 Fair Market Value by 5%. This valuation gap offers $30,377 in Instant Equity. Featuring a Good Condition Rating, the home includes a Pebble-Tec pool, 3-car garage, and no HOA. Located near Red Mountain Park and top-rated Franklin Elementary, it balances lifestyle with financial upside. This property is an ideal acquisition for Owner-Occupants seeking long-term value or first-time buyers prioritizing outdoor amenities.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7764 E Downing Street Subject | $488,000* List Price | 3 | 2 | 1,532 | $338 | - |
A 7734 E CABALLERO Circle Sold | $460,000 | 3 | 2 | 1,374 | $335 | 0.4 mi |
B 7702 E DECATUR Street Sold | $445,000 | 3 | 2 | 1,452 | $306 | 0.3 mi |
C 7702 E DECATUR Street Sold | $445,000 | 3 | 2 | 1,452 | $306 | 0.3 mi |
D 1358 N RAVEN -- Sold | $465,000 | 3 | 3 | 1,766 | $263 | 0.9 mi |
E 8134 E EVERGREEN Street Pending | $549,000 List Price | 4 | 2 | 1,585 | $346 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1995, the home is well-maintained and move-in ready. It features a kitchen updated with granite countertops and stainless steel appliances (5-15y reno range), newer windows throughout, and fresh paint and flooring in secondary bedrooms. While some cabinetry remains dated, the overall condition and functional upgrades like the pebble-tec pool and insulated garage panels justify a Good rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9801, living area = 1532.
Elementary School: Franklin at Brimhall Elementary School (9/10).
The property features a large 9,801 sqft lot with a Pebble-Tec pool, RV gate, and storage sheds, all without the restrictions or costs of an HOA, offering rare flexibility for homeowners.
The immediate neighborhood elementary school has a low rating (3/10), which may be a drawback for families prioritizing high-performing local education.
At 1,532 square feet, the living space is relatively compact compared to the large lot and 3-car garage, potentially limiting its appeal for larger families.
This single-level 3 bedroom, 2 bath home offers a spacious open split floor plan with vaulted ceilings and gas fireplace. The kitchen features granite countertops, stainless steel appliances and pantry. The primary suite features custom closet built-ins in the closet and walk-in tub w/jets, bluetooth, etc. Additional highlights include fresh paint & flooring in secondary bedrooms, newer windows throughout, a hard-to-find 3 car garage with insulated panels, north/south exposure, NO HOA, RV gate, storage sheds and a sparkling pebble-tec play pool with water feature complete with a removable pool fence, all situated on a generously sized lot. Conveniently located near shopping, dining, and just 1.5 miles from the Loop 202 freeway, providing easy access throughout the Valley. Located just blocks from Red Mountain Park, one of northeast Mesa's premier outdoor destinations featuring lakes, walking paths, pickleball courts, playground and more. Only minutes to the Usery Mountain Pass and the Granite Reef Recreational area.
No exterior & parking available.
Grades PK-6 • 1.0 mi
Grades PK-6 • 4.4 mi
Grades K-6 • 7.8 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 | 1,532 | 2,105 | 21% |
| Lot Size | 9,801 | 8,852 | 58% |
| Price | $488.0K | $344.0K | 67% |
| Price per sq ft | $319 | $235 | 81% |
| Built year | 1995 | 2000 | 25% |
| HOA | $0 | $127 | 27% |
| Days on market | 10 | 2826 | 1% |
Jun 4, 2026
$488,000
Initial Listing