8118 E FOUNTAIN Street, Mesa, AZ 85207, Mesa, 85207 - 4 bed, 2 bath
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Mesa, AZ 85207
This property presents a High-Potential Investment Opportunity with a List Price of $555,000—positioned well below the $544,645 Fair Market Value by a negligible margin, reflecting a stable market entry. With a Fair Condition Rating, this home requires cosmetic updates to reach its full potential. The 4-bedroom, 2-bath layout includes a pool, RV gate, and no HOA, offering significant utility for value-add projects. Ideally located near Red Mountain High School, this is a strategic acquisition for Fix-and-Flip Investors or Contractors seeking to capitalize on the flexible floor plan.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8118 E FOUNTAIN Street Subject | $555,000* List Price | 4 | 2 | 2,629 | $207 | - |
A 8001 E COLBY Street Sold | $455,000 | 4 | 2 | 1,956 | $233 | 0.7 mi |
B 1855 N WOODRUFF -- Sold | $683,000 List Price | 4 | 5 | 3,177 | 1.0 mi | |
C 1855 N WOODRUFF -- Sold | $635,000 List Price | 4 | 5 | 3,177 | 1.0 mi | |
D 1831 N CHANNING Street Sold | $407,000 List Price | 3 | 3 | 2,080 | 0.9 mi | |
E 1245 N Raven -- Active Under Contract | $510,000 List Price | 4 | 2 | 2,244 | $227 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1990, the home features a high-end, recently renovated kitchen (<5 years) and updated wood-look tile flooring. However, it is rated Fair because it is an unfinished project; photos show missing baseboards and dated bedroom finishes, and the description explicitly targets 'handy buyers' to complete repairs and add value.
Elementary School: Franklin at Brimhall Elementary School (9/10).
The absence of HOA restrictions combined with a private pool, RV gate, and large lot offers significant freedom and lifestyle utility for owners with recreational vehicles or trailers.
Boasting over 2,600 sqft with a 4-bedroom plus den configuration and a split floor plan, this home provides ample space for multi-generational living or a dedicated home office.
Marketed as a 'handy buyer' opportunity, the property likely requires significant cosmetic or structural updates to reach its full market potential and modern standards.
While the district has high-performing options, the immediate neighborhood elementary school carries a low rating, which may be a concern for families prioritizing education.
Opportunity in Northeast Mesa with no HOA, pool, RV gate, and quick access to the 202 and 60. This home offers 4 bedrooms plus a den with doors, giving you flexible space for a home office, guest area, or additional living space. The split floor plan places the primary bedroom on one side of the home and the secondary bedrooms on the other. The open concept living area includes a fireplace, spacious kitchen, and a large walk in pantry with plenty of storage. The converted patio adds even more usable space to fit your needs. The backyard features a pool, RV gate, gazebo, and storage shed. A solid opportunity for a handy buyer looking for space, location, and the ability to add value.
No exterior & parking available.
Grades PK-6 • 1.3 mi
Grades PK-6 • 4.9 mi
Grades K-6 • 8.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 58% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,629 | 2,106 | 68% |
| Lot Size | 9,435 | 8,852 | 55% |
| Price | $555.0K | $344.0K | 74% |
| Price per sq ft | $211 | $233 | 45% |
| Built year | 1990 | 2000 | 19% |
| HOA | $0 | $127 | 27% |
| Days on market | 10 | 2827 | 1% |
Jun 5, 2026
$555,000
Initial Listing