938 S OLIVE --, Mesa, AZ 85204, Mesa, 85204 - 3 bed, 2 bath
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Mesa, AZ 85204
This property presents a High-Potential Investment Opportunity with a List Price of $335,000—positioned well above the $255,775 Fair Market Value by 30%. While the property requires significant capital for renovation due to its Fair Condition Rating, the 7,475 sqft lot and private pool offer substantial value-add potential. Located near highly-rated schools like Franklin Elementary, this asset provides a strategic foundation for Fix-and-Flip Investors or Contractors capable of executing a comprehensive rehab to modernize this 1971 residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 938 S OLIVE -- Subject | $329,000* List Price | 3 | 2 | 1,235 | $245 | - |
A 807 E DOLPHIN Avenue Sold | $385,000 | 3 | 1 | 1,148 | $335 | 0.4 mi |
B 1050 E 10TH Avenue Active | $280,000 List Price | 3 | 2 | 1,095 | $256 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1971 (55 years old) with no mention of recent renovations. The property is being sold 'as-is' by a non-occupant owner, which typically indicates deferred maintenance. The description notes the pool needs work and the exterior shows a dead lawn and dated architectural features, suggesting the home requires significant rehab 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 = 7475, living area = 1235.
Elementary School: Franklin Elementary School (9/10).
The property is ideally situated near major freeways, hospitals, and shopping centers, with Holmes Elementary School located less than a quarter-mile away.
The property is sold as-is with a pool requiring repair and the owner having never occupied the home, suggesting a need for immediate renovation and deferred maintenance capital.
The home features a 2-car carport rather than a fully enclosed garage, which may be a drawback for buyers seeking climate-controlled storage or enhanced vehicle security in the Arizona heat.
CHARMING SINGLE-STORY HOME FEATURING 3 SPACIOUS BEDROOMS, A BRIGHT LIVING ROOM AND AN OPEN CONCEPT KITCHEN PERFECT FOR EVERYDAY LIVING AND ENTERTAINING. ADDITIONAL HIGHLIGHTS INCLUDE A 2-CAR CARPORT, COVERED PATIO AND A PRIME LOCAITON CONVENIENT TO FREEWAYS, HOSPITAL, SCHOOLS AND SHOPPING CENTERS. HE BACKYARD POOL OFFERS GREAT POTENTIAL AND IS READY FOR YOUR PERSONAL TOUCH. PROPERTY IS BEING SOLD AS-IS; OWNER HAS NEVER OCCUPIED THE PROPERTY.
No exterior & parking available.
Grades PK-6 • 0.2 mi
Grades K-6 • 1.1 mi
Grades K-6 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,235 | 1,580.5 | 16% |
| Lot Size | 7,475 | 7,355 | 54% |
| Price | $329.0K | $309.5K | 50% |
| Price per sq ft | $266 | $211 | 65% |
| Built year | 1971 | 1980 | 24% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 2314 | 1% |
Jun 5, 2026
$329,000
$335,000
-2% Price Drop
Initial Listing
May 7, 2026
$335,000
Initial Listing