930 N MESA Drive 2049, Mesa, AZ 85201, Mesa, 85201 - 2 bed, 2 bath
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Mesa, AZ 85201
This Mesa Condominium represents a Strong Value Opportunity with a List Price of $199,000—positioned well below the $211,719 Fair Market Value by 6%. This short-sale acquisition provides $12,719 in Instant Equity for buyers prepared for a streamlined renovation. Currently holding a Fair Condition Rating, the unit features vaulted ceilings, a fireplace, and a private balcony with western sunset views. Proximity to the 202 freeway and the 9/10 rated Franklin Elementary School ensures strong rental demand and lifestyle convenience. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 930 N MESA Drive 2049 Subject | $225,000* List Price | 2 | 2 | 1,000 | $232 | - |
A 930 N MESA Drive 1039 Sold | $289,900 | 2 | 2 | 1,000 | $290 | 0.1 mi |
B 1001 N PASADENA -- 179 Sold | $242,500 | 2 | 2 | 927 | $262 | 0.1 mi |
C 1001 N PASADENA Street 179 Sold | $242,500 | 2 | 2 | 927 | $262 | 0.1 mi |
D 930 N MESA Drive 1006 Pending | $199,900 List Price | 1 | 1 | 760 | $263 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1986, falls into the fair category as it requires minor updates and repairs to be truly move-in ready. While the description notes recent paint and an updated guest bathroom, photographic evidence shows severely stained and soiled carpeting that necessitates immediate replacement. The kitchen and laundry appliances appear dated, and the overall aesthetic reflects its original construction era with some deferred maintenance typical of a short-sale situation.
Elementary School: Franklin Elementary School (9/10).
Priced at approximately 88% of market value as a short sale, this property offers a rare opportunity for buyers or investors to secure a home with significant immediate equity.
The condo boasts vaulted ceilings, a fireplace, and a recently updated guest bathroom, providing a modern and spacious aesthetic that enhances its overall marketability.
The transaction is subject to lender approval, which often results in a more prolonged and unpredictable closing timeline compared to a traditional real estate sale.
The immediate neighborhood schools have lower performance ratings, which may deter families who prioritize high-ranking educational districts for their children.
APPROVED SHORT SALE. Great opportunity to own a 2-bedroom, 2-bath condo in a convenient Mesa location near shopping, dining, and entertainment with easy access to the 202 freeway. The interior has been recently painted and features vaulted ceilings, a fireplace, and an updated guest bathroom. The spacious primary suite includes dual closets, and the private balcony/patio offers western sunset views along with an exterior storage closet. The HOA covers many utilities, providing a low-maintenance lifestyle. Located close to Historic Downtown Mesa and the Sloan Park & Hohokam Stadium spring training facilities. Perfect for a primary residence, seasonal home, or investment opportunity.
No exterior & parking available.
Grades PK-6 • 0.2 mi
Grades K-6 • 1.6 mi
Grades K-6 • 2.8 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 | 1,000 | 1,000 | 50% |
| Lot Size | 1,079 | 993 | 60% |
| Price | $225.0K | $112.5K | 50% |
| Price per sq ft | $225 | $112 | 50% |
| Built year | 1986 | 1986 | 50% |
| HOA | $249 | $220 | 70% |
| Days on market | 62 | 1626 | 10% |
Apr 14, 2026
$225,000
$199,000
+13% Price Increase
Initial Listing
Feb 19, 2026
$199,000
Initial Listing