834 E FOUNTAIN Street 4, Mesa, AZ 85203, Mesa, 85203 - 2 bed, 2 bath
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Mesa, AZ 85203
This Upgraded Mesa Townhome is a High-Potential Investment Opportunity, listed at $250,000—positioned well below the $283,056 Fair Market Value by 11%. This valuation gap provides $33,056 in Instant Equity. The property maintains a Condition Rating of 4, featuring wood laminate flooring, newer dual-pane windows, and a huge enclosed private backyard. Residents benefit from the top-rated Franklin Elementary School (9/10) and extensive storage solutions. This versatile asset is an ideal acquisition for First-Time Homebuyers seeking value or Buy-and-Hold Investors targeting a stable rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 834 E FOUNTAIN Street 4 Subject | $243,000* List Price | 2 | 2 | 1,152 | $208 | - |
A 462 E ROYAL PALMS Drive Sold | $275,000 | 2 | 2 | 1,053 | $261 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1981, this property is well-maintained and move-in ready but retains several dated elements characteristic of its age. While the home features positive upgrades such as wood laminate flooring throughout and newer dual-pane windows, other areas like the bathrooms show older cabinetry and countertops. Additionally, the presence of popcorn ceilings and older-style wood trim indicates that while the home has been cared for, it has not undergone a full modern renovation to meet current 'good' or 'excellent' standards.
Elementary School: Franklin Elementary School (9/10).
This townhome offers a rare, oversized enclosed private backyard and exceptional storage solutions, including a large attic with new drop-down stairs and multiple dedicated storage closets.
The property features upgraded wood laminate flooring throughout—completely eliminating carpet—and newer dual-pane windows that improve energy efficiency and noise reduction.
The immediate assigned public schools carry relatively low performance ratings, which may impact long-term resale value or appeal to families prioritizing education.
Built in 1981, the home may require more frequent maintenance than newer builds, and the $300 monthly HOA fee represents a significant recurring cost for the price point.
Welcome to this beautiful 2 bedroom townhome in Mesa that features upgraded wood laminate flooring throughout including the stairs. No carpet! You'll love the elegant wood French sliding patio door that leads to a HUGE enclosed private backyard with plenty of room for entertaining. The newer dual pane windows ensure that the interior of the home stays quiet. This townhome has a ton of extra storage spaces including a large closet just inside the front door, a large storage closet in the backyard, and a huge storage area in the attic which can be accessed using the brand new drop-down stairs. The upstairs bedrooms feature vaulted ceilings. The laundry and pantry are located next to the kitchen. Easy access to shopping, dining, entertainment, and the freeway. Check out the 3D Virtual Tour.
No exterior & parking available.
Grades K-6 • 0.7 mi
Grades K-6 • 2.0 mi
Grades K-6 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,152 | 1,152 | 50% |
| Lot Size | 1,128 | 2,348 | 33% |
| Price | $243.0K | $243.0K | 50% |
| Price per sq ft | $211 | $211 | 50% |
| Built year | 1981 | 1979 | 67% |
| HOA | $300 | $257 | 67% |
| Days on market | 46 | 198 | 33% |
Apr 17, 2026
$243,000
$250,000
-3% Price Drop
Initial Listing
Mar 7, 2026
$250,000
Initial Listing