10740 E Lobo Avenue

Description

If you have been looking for space, location, and a way to actually build sweat equity in this market, this is the one. Located in the award-winning Villages of East Ridge in Mesa, this home sits just off the US 60, giving you some of the best commutes and access to shopping and dining in the Southeast Valley. At over 3,000 square feet, the layout is designed for real life. You have six full bedrooms, including two on the main floor, which is perfect for guests or a dedicated home office. Upstairs, you'll find four more bedrooms, including a primary suite that is honestly massive. There is enough room in the primary bedroom to set up a full home gym, a second office, or a quiet lounge area away from the rest of the house. Outside, the backyard features a private pool with newer equipment already in place. The bones are here, the location is top-tier, and the size is hard to beat. The Strategy This home is being offered as a short sale, which represents a major opportunity to get into a premium neighborhood at a price point that reflects the need for updates. It needs some TLC, specifically new carpet, fresh paint, and some modern touches. For buyers worried about the cost of repairs, there are specific financing paths that may allow you to wrap the cost of improvements directly into your mortgage. Programs like the FHA 203k renovation loan can be a great tool here, as they allow you to fund the purchase and the "refresh" costs all in one loan. This means you don't need a huge pile of cash after closing to make the house look brand new. This is a chance to stop paying for someone else's design choices and instead pick your own finishes while gaining value. Opportunities like this in the East Valley don't last long, especially with this much square footage.