8540 E McDowell Road 116, Mesa, AZ 85207, Mesa, 85207 - 3 bed, 3 bath
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Mesa, AZ 85207
This property presents a Strong Value Opportunity with a List Price of $925,000—positioned well below the $983,249 Fair Market Value by 5%. This valuation gap offers $58,249 in Instant Equity. Featuring a 6+ car RV garage and panoramic mountain views, the home has a Condition Rating of 4, requiring mechanical and aesthetic updates. This is a high-potential asset ideal for Buy-and-Hold Investors or Owner-Occupants seeking to build value through renovation in a prime Mesa location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8540 E McDowell Road 116 Subject | $925,000* List Price | 3 | 3 | 4,152 | $237 | - |
A 8540 E MCDOWELL Road 103 Sold | $720,000 List Price | 4 | 4 | 4,003 | 0.2 mi | |
B 3215 N 83RD Street Pending | $950,000 List Price | 4 | 4 | 3,779 | $251 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1998 (26+ years old) and the listing confirms the kitchen, bathrooms, and HVAC systems are all original. With inoperable appliances (stove and refrigerators) and systems reaching the end of their functional lifespan, the home is dated and requires updates and minor repairs to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 45141, living area = 4152.
The property features a massive 6+ car RV garage and an RV gate on over an acre of land, providing rare and ample space for vehicles, toys, and storage.
A spacious loft and walk-out deck offer stunning views of the mountains and city lights, capitalizing on the highly desirable NE Mesa landscape.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
The property is sold as-is with original 1998 AC units, windows, and interior finishes, indicating a need for significant capital investment for mechanical and aesthetic updates.
Essential kitchen components, including the stove and beverage refrigerators, are currently non-functional, necessitating immediate replacement costs upon move-in.
Back on market, Buyer could not perform! Priced below comps, great opportunity to own a custom home in NE Mesa. Two story home with 3 bedrooms, 3 baths, large loft with walk out deck affording views of the mountains and citylights. Home sits on over an acre of land and offers a 6+car RV garage and RV gate with plenty of storage. Home features large great room finished fireplace, wet bar and expansive set of windows overlooking the front and side yards. Dining room is complete with an abundance of built in cabinetry, large eat in area and leads to the kitchen. Kitchen has double island, pantry, plenty of storage and with an eat in area overlooking the backyard . Owners suite features jetted tub, shower, large vanity area, separate commode, storage cabinetry and large walk in clo Office is located on lower level with views of the backyard. Lower level bedrooms are nice sized with closet space and shared hall bath. Large laundry room is complete with plenty of cabinetry and storage space, built in sink, and looks out onto the backyard. Loft area is spacious and finished with wet bar, expansive views of the valley and full bath with cabinety. Home is finished with hardwood flooring, tile and carpeting in some rooms. Plantation shutters on front facing windows. View deck off of loft area provides a beautiful place to enjoy sunset views with amazing panoramic views of the valley. This home is being sold as is.. bathrooms, kitchen, windows, two AC units are original. Stove and two beverage refrigerators are not operable. Minutes from hiking, cycling, Usury Park. Saguaro Lake and the Salt River are minutes away. Easy access to Rt. 202 and 25 minutes from Sky Harbor Int'l and Old Town Scottsdale.. great location in an amazing community! Priced way below comps ~
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 4,152 | 2,106 | 96% |
| Lot Size | 45,141 | 8,852 | 98% |
| Price | $925.0K | $344.0K | 91% |
| Price per sq ft | $223 | $233 | 47% |
| Built year | 1998 | 2000 | 34% |
| HOA | $307 | $132 | 64% |
| Days on market | 4 | 2827 | 1% |
Jun 11, 2026
$925,000
Initial Listing