1023 W Carter Drive, Tempe, AZ 85282, Tempe, 85282 - 4 bed, 2 bath
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Tempe, AZ 85282
This Turnkey Single-Family Residence is a Prime Investment Opportunity, listed at $499,000—positioned well below the $515,423 Fair Market Value by 3%. This valuation gap offers $16,423 in Instant Equity. Featuring a Mint Condition Rating, the home includes a Remodeled Granite Kitchen, New Roof, and a Private Pool. Its location near ASU and lack of HOA fees ensure long-term stability. This property is an ideal acquisition for Owner-Occupants seeking a move-in ready sanctuary or first-time buyers prioritizing lifestyle and value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1023 W Carter Drive Subject | $499,000* List Price | 4 | 2 | 1,621 | $318 | - |
A 1226 W Manhatton Drive Sold | $440,000 | 3 | 2 | 1,748 | $252 | 0.5 mi |
B 1110 W LA JOLLA Drive Sold | $450,000 | 3 | 2 | 1,341 | $336 | 0.5 mi |
C 4650 S PARKSIDE Drive Pending | $459,000 List Price | 3 | 2 | 1,360 | $338 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone an extensive renovation within the last 5 years, featuring a new roof, newer HVAC, and a new water heater. The interior is in mint condition with a fully remodeled kitchen (granite, stainless appliances), updated bathrooms, new luxury vinyl plank flooring, and fresh paint throughout, requiring no immediate maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7331, living area = 1621.
The property features significant recent capital improvements including a new roof, new water heater, newer A/C, and dual-pane windows, significantly reducing immediate maintenance concerns for the buyer.
Situated in a highly desirable Tempe area near ASU and Sky Harbor, the lack of an HOA offers both financial savings and greater freedom for property use and personalization.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1621, other record living area = 1338.
With four bedrooms configured within 1,621 square feet, individual room sizes may feel small or cramped compared to modern floor plans of similar bed counts.
Built in 1980, the home may lack the high ceilings and expansive architectural volume found in newer builds, despite the extensive cosmetic and system updates.
Immaculate, extensively updated 4-bedroom, 2-bath home in a highly desirable Tempe location with no HOA! This beautifully maintained home features an open, functional floor plan and a warm, inviting atmosphere throughout. New luxury vinyl plank flooring flows through the main living areas, complemented by new carpet in the bedrooms, new baseboards, and fresh interior and exterior paint in soft, neutral tones. The updated kitchen offers granite countertops, new stainless steel appliances, new recessed can lighting, and new plumbing and light fixtures, all opening seamlessly to the dining and living areas for easy everyday living and entertaining. Both bathrooms have been tastefully remodeled with new vanities, updated showers, and new plumbing and light fixtures. Step outside to your private backyard oasis featuring a sparkling blue pool, a large covered patio, an oversized awning for additional shade, and new exterior gates. Additional upgrades include a new roof, newer dual-pane windows, newer A/C unit, new water heater, and a two-car garage. Conveniently located near ASU, Tempe Marketplace, Kiwanis Park, shopping, dining, entertainment, major freeways, and Sky Harbor Airport. This move in ready home is one you won't want to miss!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,621 | - |
| Lot Size | 7,331 | - |
| Price | $499.0K | $562.2K |
| Price per sq ft | $308 | $326 |
| Built year | 1980 | 0 |
| HOA | $0 | $0 |
| Days on market | 2 | 2615 |
Jul 20, 2026
$499,000
Initial Listing