920 N CHERRY --, Mesa, AZ 85201, Mesa, 85201 - 3 bed, 2 bath
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Mesa, AZ 85201
This Move-In Ready Townhouse is a Prime Investment Opportunity, listed at $299,900—positioned well below the $310,094 Fair Market Value by 3%. This valuation gap offers $10,194 in Instant Equity. With a Condition Rating of 4, the home features new carpeting, a private patio, and a 2-car carport. While local secondary schools underperform, proximity to the top-rated Franklin Elementary School (9/10) and Cubs Spring Training ensures high demand. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 920 N CHERRY -- Subject | $289,900* List Price | 3 | 2 | 1,520 | $215 | - |
A 1301 W RIO SALADO Parkway 16 Sold | $359,900 | 2 | 2 | 1,702 | $211 | 0.8 mi |
B 222 W BROWN Road 57 Active Under Contract | $275,000 List Price | 3 | 2 | 1,343 | $205 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1978, the property is well-maintained and features new carpeting, but it remains largely unrenovated. The bathrooms display dated oak-style cabinetry, cultured marble countertops, and older light fixtures and faucets. While the home is move-in ready and functional, the overall style and components are significantly outdated and do not meet modern luxury or 'good' condition standards which require more recent extensive renovations.
Elementary School: Franklin Elementary School (9/10).
The interior features brand-new carpeting and has been well-maintained, offering a turnkey opportunity for buyers seeking a hassle-free transition.
Ideally situated near the Cubs Spring Training facility, major freeways, and diverse shopping hubs, providing excellent lifestyle convenience and rental potential.
The immediate assigned public schools, including the local high school and junior high, carry low performance ratings, which may deter education-focused families.
A monthly HOA fee of $321 adds to the cost of ownership, while the 1978 construction may necessitate future updates to aging systems or common areas.
Charming 3-bedroom, 2-bath condo offering comfort, functionality, and an ideal central Mesa location. Featuring new carpet and a well-maintained interior, this home is move-in ready and perfect for easy living. Enjoy the convenience of a 2-car carport, private patio, and additional storage room. The community is beautifully landscaped and includes a large pool--perfect for relaxing and enjoying Arizona living. Located in desirable West Mesa, close to shopping, dining, the Cubs Spring Training facility, and easy freeway access.
No exterior & parking available.
Grades K-6 • 0.7 mi
Grades K-6 • 1.8 mi
Grades K-6 • 3.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 81% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,520 | 1,124 | 89% |
| Lot Size | 2,326 | 886.5 | 72% |
| Price | $289.9K | $225.6K | 69% |
| Price per sq ft | $191 | $224 | 42% |
| Built year | 1978 | 1985 | 22% |
| HOA | $321 | $188 | 97% |
| Days on market | 34 | 2618 | 3% |
Apr 20, 2026
$289,900
$299,900
-3% Price Drop
Initial Listing
Mar 19, 2026
$299,900
Initial Listing