1019 E WATSON Drive, Tempe, AZ 85283, Tempe, 85283 - 5 bed, 2 bath
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Tempe, AZ 85283
This Versatile 5-Bedroom Residence represents a strategic value-add opportunity in South Tempe, listed at $597,000. While currently positioned above the $535,633 Fair Market Value, the property sits in a high-demand corridor where fully remodeled neighboring assets have commanded up to $850,000. Maintaining a Condition Rating of 4, the home features a rare split floor plan, a large 8,995 sqft lot, and a spacious patio for entertaining. Located near Kiwanis Park and three local schools, this property is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants looking to build significant equity through interior modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1019 E WATSON Drive Subject | $587,000* List Price | 5 | 2 | 2,050 | $275 | - |
A 5802 S STANLEY Place Sold | $732,000 | 5 | 2 | 2,558 | $286 | 0.2 mi |
B 1125 E LODGE Drive Sold | $476,000 List Price | 4 | 2 | 1,980 | 0.7 mi | |
C 1854 E MAGDALENA Drive Sold | $615,000 List Price | 4 | 2 | 2,076 | 1.0 mi | |
D 1502 E CARMEN Street Sold | $423,500 List Price | 4 | 2 | 2,103 | 0.8 mi | |
E 1003 E WATSON Drive Pending | $689,000 List Price | 4 | 2 | 2,134 | $323 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained and features fresh interior and exterior paint, but it remains largely in its original 1970s state. While functional and clean, the interior requires cosmetic updates to the kitchen, bathrooms, and flooring (including popcorn ceilings) to meet modern standards. It fits the 'fair' criteria as an aged home that has been cared for but shows signs of being outdated.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8995, living area = 2050.
The rare split floor plan features five true bedrooms, offering exceptional flexibility for a home office, teen retreat, or fitness room to suit various lifestyle needs.
Ideally situated with easy freeway access and close proximity to Sky Harbor Airport, Kiwanis Park, and three local schools, making it a highly desirable area for families and commuters.
While the home features new paint and quality construction, the interior finishes are dated and require a full aesthetic update to meet modern luxury standards.
Built in 1973, the property may have older mechanical systems or insulation standards that could necessitate additional maintenance or energy-efficiency upgrades compared to newer builds.
New Lower Price! Front courtyard entry greets you in this popular floor plan by well respected Suggs builder. TRUE 5 bedroom split layout, could make for a great home office and teen retreat or home gym, etc. Gorgeous backyard with meandering paths and lush desert landscaping. Back patio is spacious and inviting for entertaining as it is accessible from 3 sets of French doors. New exterior and interior paint. Quality construction and well cared for just waiting for a little interior update! Location is hard to beat in South Tempe with freeway access, plus close proximity to Sky Harbor Airport, Kiwanis Park with its 12 acre lake, Scudder Park only a short walk away, and 3 nearby schools making this the place to be! Lots of quality remodels happening in the area, next door just SOLD for $850
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 94% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,050 | 2,050 | 50% |
| Lot Size | 8,995 | 8,032 | 63% |
| Price | $587.0K | $360.0K | 80% |
| Price per sq ft | $286 | $254 | 64% |
| Built year | 1973 | 1978 | 29% |
| HOA | $0 | $0 | 50% |
| Days on market | 155 | 2104 | 2% |
Apr 19, 2026
$587,000
$597,000
-2% Price Drop
Initial Listing
Nov 18, 2025
$597,000
Initial Listing