1020 S LEBANON Lane, Tempe, AZ 85288, Tempe, 85288 - 3 bed, 2 bath
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Tempe, AZ 85288
This Turnkey Single-Family Residence is a Strong Value Opportunity, listed at $449,750—positioned well below the $476,332 Fair Market Value by 5%. This valuation gap offers $26,582 in Instant Equity. Featuring a Condition Rating of 2, the home includes a fully updated kitchen, quartz countertops, and a resort-style backyard with a pool and spa. Its central Tempe location and no HOA status provide significant lifestyle flexibility. This property is an ideal acquisition for Owner-Occupants seeking a move-in ready home or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1020 S LEBANON Lane Subject | $449,750* List Price | 3 | 2 | 1,360 | $350 | - |
A 2313 E OBREGON Street Active | $445,000 List Price | 3 | 2 | 1,366 | $326 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property features a comprehensive recent renovation (under 5 years) including a fully updated kitchen with quartz countertops, brand-new dual-pane windows, and modern flooring throughout. Despite the 1980 build date, the interior is in mint, move-in ready condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9017, living area = 1360.
The expansive 9,000+ square foot lot features a private pool with a water slide and hot tub, offering an exceptional outdoor entertainment space that is rare for this price point in Tempe.
The home features a fully remodeled kitchen with quartz countertops and slow-close oak cabinets, along with brand-new dual-pane windows that enhance both aesthetic appeal and energy efficiency.
At 1,360 square feet for a three-bedroom home, the interior living spaces may feel compact for families or buyers seeking larger communal areas.
Built in 1980, the home may soon require updates or maintenance to major systems like the roof or HVAC, which are not specified as recently replaced in the listing.
Welcome to your personal paradise; a stunning single-story home on a beautiful 9,000+ square foot lot with no HOA! Out back, you'll find a backyard built for unforgettable entertaining, complete with a resort-style pool, thrilling water slide, and a relaxing hot tub perfect for winding down under the stars. Inside, the bright and airy open floor plan is bathed in natural light through brand-new dual-pane windows, while the fully updated kitchen impresses with slow-close oak cabinets, gleaming quartz countertops, and a garage to top it all off. This move-in ready gem has everything you've been looking for, in an incredible, central location, all for under $450,000!
No exterior & parking available.
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 | 1,360 | 1,380 | 50% |
| Lot Size | 9,017 | 6,020 | 70% |
| Price | $449.8K | $449.9K | 50% |
| Price per sq ft | $331 | $333 | 50% |
| Built year | 1980 | 1961 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 1567 | 10% |
May 15, 2026
$449,750
Initial Listing