1022 W MALIBU Drive, Tempe, AZ 85282, Tempe, 85282 - 3 bed, 2 bath
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Tempe, AZ 85282
This property presents a High-Potential Investment Opportunity with a List Price of $269,900—positioned well above the $198,971 Fair Market Value by -35%. Featuring solid block construction and a private courtyard patio with community pool views, the home requires a full interior rehab to address its Condition Rating of 5. While the school district ratings are low, the proximity to ASU and Sky Harbor ensures strong rental demand. This asset is best suited for Buy-and-Hold Investors or Contractors capable of executing a comprehensive renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1022 W MALIBU Drive Subject | $269,900* List Price | 3 | 2 | 1,088 | $183 | - |
A 1024 W MALIBU Drive Active Under Contract | $294,800 List Price | 3 | 2 | 1,092 | $270 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1980 with no evidence of recent renovations. The kitchen and bathrooms feature original, dated finishes; the kitchen is missing a cabinet face under the sink, and there is visible floor damage in the laundry area. The property requires a full interior rehab to meet modern standards.
Ideally situated near ASU and Sky Harbor Airport, this property offers exceptional convenience for students, professionals, and frequent travelers.
The private courtyard patio provides direct views of the community park and pool, offering a serene outdoor retreat rarely found at this price point.
Built with durable block construction, the home offers superior structural integrity and better thermal insulation, which is essential for the Arizona climate.
The assigned elementary, middle, and high schools all carry a rating of 3, which may be a concern for families prioritizing academic performance.
With three bedrooms packed into 1,088 square feet, the interior layout may feel somewhat constrained for larger households or those seeking spacious living areas.
Well-located 3-bedroom, 2-bath block home offering comfort, convenience, and easy access to some of Tempe's most popular destinations. Situated close to ASU, Sky Harbor Airport, shopping, dining, and everyday essentials. Enjoy a private courtyard patio with views of the grassy community park, playground, and pool, creating a comfortable outdoor space for relaxing or entertaining. With a functional layout, solid block construction, and a location that keeps you close to everything, this home is ready for its next chapter.
No exterior & parking available.
Grades K-5 • 1.4 mi
Grades 6-8 • 1.7 mi
Grades 9-12 • 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 | 1,088 | 1,352.5 | 13% |
| Lot Size | 1,167 | 2,522 | 25% |
| Price | $269.9K | $329.9K | 31% |
| Price per sq ft | $248 | $248 | 50% |
| Built year | 1980 | 1973 | 75% |
| HOA | $270 | $166 | 94% |
| Days on market | 29 | 2222 | 6% |
May 8, 2026
$269,900
Initial Listing