1026 W LIBRA Drive, Tempe, AZ 85283, Tempe, 85283 - 3 bed, 3 bath
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Tempe, AZ 85283
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $419,000—positioned above the $408,157 Fair Market Value. While the property requires modernization, it features a Fair Condition Rating with recent cosmetic updates and a large, maintenance-free backyard with pavers and artificial grass. The versatile floor plan, including a great room and upstairs family room, provides functional living space. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project in a well-established Tempe neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1026 W LIBRA Drive Subject | $399,000* List Price | 3 | 3 | 1,461 | $270 | - |
A 5314 S FARMER Avenue Active Under Contract | $320,000 List Price | 2 | 2 | 1,120 | $286 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1995 (29 years old), the property falls into the 'Fair' category as it is over 20 years old with mostly original or dated features. While it has received minor refreshes like new paint and carpet on the stairs, the kitchen remains dated with laminate countertops and older cabinetry. The laminate flooring shows visible wear, and the overall aesthetic requires modernization to meet current market standards.
The home features fresh interior paint, new carpeting on the stairs, and includes all major appliances (washer, dryer, and refrigerator), significantly reducing immediate move-in costs.
Boasting one of the largest lots in the subdivision, the backyard is fully optimized with high-quality pavers and artificial grass, providing a spacious yet maintenance-free outdoor living area.
The floor plan is highly functional, featuring a traditional great room plus an additional upstairs family room, offering rare flexibility for a home of this square footage.
The assigned elementary and middle schools carry modest ratings of 4/10, which may be a drawback for families prioritizing top-tier educational districts.
With 1,461 square feet split between two levels and two living areas, individual room sizes and storage may feel constrained for larger families or those with bulky furniture.
New paint and new carpet at the stairs. First floor is all tile. Second floor is laminate flooring. Backyard extends to the side of home one of the largest yards in the neighborhood. Complete with pavers and maintenance free artificial grass. Ceiling fans in all bedrooms. Great room floor plan with an upstairs family room. Washer/Dryer/Refrigerator included.
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades 6-8 • 2.4 mi
Grades 9-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,461 | - |
| Lot Size | 3,123 | - |
| Price | $399.0K | $562.2K |
| Price per sq ft | $273 | $326 |
| Built year | 1995 | 0 |
| HOA | $106 | $0 |
| Days on market | 35 | 2615 |
Jul 7, 2026
$399,000
$419,000
-5% Price Drop
Initial Listing
Jun 17, 2026
$419,000
Initial Listing