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Mesa 85204 Reed Park
1509 E 3rd Avenue
Photo of 1509 E 3rd Avenue
Sold on Jun 5, 2026

30

Map

Photo of 1509 E 3rd Avenue
Photo of 1509 E 3rd Avenue
$370,000
● House - Off Market

1509 E 3rd Avenue

Mesa, AZ 85204
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,751 Ft²
$2,030
Est. Monthly

About This Property

This is the single-story block home you've been looking for with NO HOA. Inside, 1,751 sq ft of comfortable living space awaits, with formal dining room, Granite kitchen countertops and breakfast nook area. With a large flex space/ entertainment room/extra bedroom. AC (2022), Water Heater (2020), Appliances under 3 years old (refrigerator, microwave, dishwasher, oven), Carpet (2023). Also, enjoy an attached shop for hobbies or storage, plus a massive backyard--your perfect blank canvas for a pool, garden, or outdoor oasis.

Out front, mature landscaping, desert accents, big grass front yard creates great curb appeal. Located near Reed Park's 19-acre playground, skate park, walking paths, sports courts, and recreation center--ideal for fun! Easy access to Mesa schools and shopping.
Unit Size
1,751 Ft²
Days on Market
28 days
Land Size
0.23 acres
Price per sqft
$223
Property Type
House
Property Taxes
$114
HOA Dues
-
Year Built
1955

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 17 days ago (ARMLS #7022448)

Price History

Date / Event Date Event Price
Jun 5, 2026 Sold
Premium
Sold
May 20, 2026 In contract -
In contract
May 1, 2026 Listed by Arizona Elite Properties $390,000
Listed by Arizona Elite Properties
Dec 13, 2023 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 4
  • Building Style: 0
  • Exterior Walls Type: 4
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Parking Space Count: 1
  • Patio Type: 5
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,962
  • Total Building Area: 1,751
  • Gross Building Area: 1,751
  • Building Area: 1,751
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 10
  • Heating: 24
  • Heated Square Feet: 1,751
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MESA HOMES LOTS 1, 2, 13, 14
  • Land Acres: 0000000229
  • Standard Land Use Code: 1001
  • County Land Use Code: 0131
  • State Land Use Code: 0131
  • Legal Description 1: MESA HOMES LOTS 1, 2, 13, 14 MCR 57/38

Neighborhood

  • School District Name: Mesa Unified District
  • Census Tract: 421602

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: 5738
  • Parcel: 138-13-097
  • Lot: 92
  • Meridian: SEC 24 TWN 1N RNG 5E
  • Municipality: MESA
  • Latitude: 33.4088
  • Longitude: -111.799

    Address

  • Full Address: 1509 E 3rd Ave
  • Address - House Number: 1509
  • Street Direction: E
  • Address - Street Name: 3rd
  • Address - Suffix Type: Ave
  • State: AZ
  • City Name: Mesa
  • Carrier Code: C041
  • 4-Digit Zip Code: 2311
  • Zip Code: 85204

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $138,528
  • Tax Rate Code Area: 041000

    Appraisal Valuation

  • Standard Deviation: 0.1575
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 80
  • Final Value: 400,146
  • High Value: 463,179
  • Low Value: 337,112

    Market Valuation

  • Market Total Value: $282,300
  • Market Land Value: $56,400
  • Market Improvement Value: $225,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $28,230
  • Assessed Land Value: $5,640
  • Assessed Improvements Value: $22,590

    Sales

  • Current Sale Contract Date: Dec 13, 2023
  • Current Sale Recording Date: Dec 13, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 55
  • Current Sale Input Document Number: 635093
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Reed Park

Stats & Trends

Median Asking:

$394,500

Sale Price/ft²

$259

Below Asking

0.01%

Average Days on Market

61

Average Home Size

1748 ft²

Average Home Age

59.7 years

Currently For Sale

7 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1927 E Hampton Avenue, Mesa, AZ, 85204

$1,295 /mo

  • 2 Beds
  • 2 Baths
  • 988 ft²
1927 E Hampton Avenue #UNIT256, Mesa, AZ, 85204 Listing by Ryan Christensen
Unit for rent at 410 E 9th Avenue, Mesa, AZ, 85204

$1,080 /mo

  • 2 Beds
  • 2 Baths
  • 1,000 ft²
410 E 9th Avenue #5, Mesa, AZ, 85204 Listing by Rhonda Mcfarlin
Unit for rent at 1742 E 6th Avenue, Mesa, AZ, 85204

$939 /mo

  • 2 Beds
  • 1 Bath
  • 848 ft²
1742 E 6th Avenue #1746, Mesa, AZ, 85204 Listing by Rhonda Mcfarlin

Rentals Near You

Click here to view more rentals in the neighborhood.
ARMLS

Listed by: Jon Naegle, Arizona Elite Properties
Last Updated: 17 days ago
Data Source: ARMLS, MLS# 7022448
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 1509 East 3rd Avenue built and last sold?
The property at 1509 East 3rd Avenue was built in 1955 and last sold on Dec 13, 2023 for $231,063.
How much is this home worth?
The estimated value of the home located at 1509 East 3rd Avenue is $0.
What are some comparable homes to 1509 East 3rd Avenue?
There are currently no comparable homes to 1509 East 3rd Avenue.
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