8851 E NORWOOD Street, Mesa, AZ 85207, Mesa, 85207 - 4 bed, 3 bath
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Mesa, AZ 85207
This Single-Family Residence presents a High-Potential Investment Opportunity with a List Price of $824,900—positioned well above the $599,429 Fair Market Value by -37%. While the pricing reflects a premium, the property offers significant upside through cosmetic modernization of its Fair Condition Rating interiors. Featuring a Resort-Style Backyard with a Pool and Spa on a massive 0.46-acre lot, this home provides a rare lifestyle asset. It is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to customize a spacious, well-located home in a gated community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8851 E NORWOOD Street Subject | $824,900* List Price | 4 | 3 | 2,780 | $216 | - |
A 2649 N LAYTON Circle Pending | $1,050,000 List Price | 4 | 3 | 2,993 | $351 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2003, the property is 23 years old, placing it in the 'Fair' category based on age. While the home is exceptionally well-maintained and move-in ready, the kitchen and bathrooms feature original finishes—specifically hickory cabinetry and tiled bathroom countertops—that are now dated and likely require cosmetic updates 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 = 20037, living area = 2780.
Elementary School: Franklin at Brimhall Elementary School (9/10).
Situated on a nearly half-acre lot, the property features a premium outdoor living space with a sparkling pool, heated spa, and built-in BBQ, offering exceptional privacy and entertainment value.
While the elementary school is well-rated, the assigned junior high and high schools have average ratings (5 and 6 respectively), which may be a drawback for education-focused buyers.
Built in 2003, the home may soon require updates to major mechanical systems or interior finishes to remain competitive with newer luxury inventory in the area.
Welcome to the gated community of Madrid in Northeast Mesa! Situated on an oversized nearly half-acre lot, this beautifully maintained single-level home offers 4 bedrooms, 2.5 baths, and 2,780 sq ft with a desirable split floor plan. The spacious kitchen features rich hickory cabinetry, granite countertops, a large island, and abundant storage. Enjoy formal living and dining spaces plus a private den/office. The resort-style backyard includes a sparkling play pool, heated spa, built-in BBQ, covered patio, and plenty of room to entertain. Additional features include a 3-car garage, mature landscaping, community parks, walking paths, and a prime location near Red Mountain amenities, golf, dining, and freeway access.
No exterior & parking available.
Grades K-6 • 0.9 mi
Grades PK-6 • 6.8 mi
Grades K-6 • 9.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 58% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,780 | 2,106 | 72% |
| Lot Size | 20,037 | 8,852 | 95% |
| Price | $824.9K | $344.0K | 88% |
| Price per sq ft | $297 | $235 | 69% |
| Built year | 2003 | 2000 | 64% |
| HOA | $435 | $132 | 83% |
| Days on market | 18 | 2826 | 1% |
May 27, 2026
$824,900
Initial Listing