8621 E OLLA Avenue, Mesa, AZ 85212, Mesa, 85212 - 4 bed, 2 bath
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Mesa, AZ 85212
This Single-Level Residential Asset is a High-Potential Investment Opportunity, listed at $520,000—positioned well above the $502,956 Fair Market Value by 3%. While the property requires cosmetic updates due to its Fair Condition Rating, it offers significant upside through its Pebble-Tec Pool, spacious corner lot, and versatile 4-bedroom layout. Located in a desirable area with access to Gilbert schools and Mesa taxes, this property is an ideal project for Value-Add Investors or Owner-Occupants seeking to build equity through strategic modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8621 E OLLA Avenue Subject | $510,000* List Price | 4 | 2 | 2,063 | $250 | - |
A 8023 E PLATA Avenue Sold | $499,900 | 3 | 2 | 1,948 | $257 | 0.8 mi |
B 8566 E ONZA Avenue Active | $525,900 List Price | 3 | 3 | 1,840 | $286 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2002, this 24-year-old home is in original condition with dated oak cabinetry, older countertops, and white appliances. While the property appears well-maintained and functional with a pebble-tec pool, the age of the home and lack of recent renovations to the kitchen and baths fall into the 'Fair' category, as it requires cosmetic updates and likely has original systems nearing the end of their typical lifespan.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9244, living area = 2063.
The property features a private Pebble-Tec pool with a waterfall and an extended covered patio on a spacious corner lot, ideal for Arizona outdoor living.
The home offers the highly desirable combination of access to Gilbert Public Schools while benefiting from lower Mesa property taxes.
Built in 2002, the interior may require cosmetic updates to the kitchen and bathrooms to align with contemporary buyer preferences.
The assigned elementary and high schools currently hold moderate ratings of 4, which may be a consideration for education-focused buyers.
Single Level home located on an Interior corner Lot Featuring 3 Bedrooms + Den with Separate Living, Family, & Formal Dining Rooms, Vaulted Ceilings, Eat-In Kitchen with Island/Breakfast Bar, Pantry & Built-In Microwave, Inside Laundry Room, Separate Exit to Patio & Vaulted Ceilings in Master Bedroom, Separate Shower/Tub, Dual Sinks, and Walk-In Closet in Master Bath, Covered Patio w/Extended Concrete Patio, Grass Yard, Pebble-Tec Pool with Waterfall, Gilbert Schools/Mesa Taxes, Close to Freeways & Shopping
No exterior & parking available.
Grades PK-6 • 0.7 mi
Grades 7-8 • 2.1 mi
Grades 8-12 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 2,063 | - |
| Lot Size | 9,244 | - |
| Price | $510.0K | $476.2K |
| Price per sq ft | $247 | $271 |
| Built year | 2002 | 0 |
| HOA | $55 | $0 |
| Days on market | 28 | 2611 |
Jul 18, 2026
$510,000
$520,000
-2% Price Drop
Initial Listing
Jun 25, 2026
$520,000
Initial Listing