1031 E LILAC Drive, Tempe, AZ 85288, Tempe, 85288 - 4 bed, 2 bath
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Tempe, AZ 85288
This Turnkey Single-Family Residence is a Strong Value Opportunity, listed at $659,000—positioned slightly above the $640,632 Fair Market Value. While priced at market, the property features a Condition Rating of 2, reflecting comprehensive, high-end renovations including a new AC unit, electrical panel, and a modern kitchen. With a resurfaced diving pool and prime proximity to Old Town Scottsdale and ASU, this home offers a premium lifestyle. It is an ideal acquisition for Owner-Occupants seeking a move-in-ready sanctuary or Buy-and-Hold Investors targeting high-demand rental areas.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1031 E LILAC Drive Subject | $659,000* List Price | 4 | 2 | 1,685 | $380 | - |
A 1707 N BRIDALWREATH Street Sold | $535,000 | 4 | 2 | 1,645 | $325 | 0.1 mi |
B 1920 N CAVALIER Drive Sold | $670,000 | 3 | 3 | 1,780 | $376 | 0.4 mi |
C 1425 N GENE Avenue Sold | $554,000 | 3 | 2 | 1,535 | $361 | 0.5 mi |
D 945 E LILAC Drive Active | $510,000 List Price | 4 | 2 | 1,486 | $343 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property is a fully renovated turnkey home featuring a modern kitchen with waterfall counters and updated bathrooms. All major systems including the AC unit, ductwork, electrical panel, wiring, and plumbing have been recently replaced, meeting the criteria for a comprehensive renovation under 5 years old.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7244, living area = 1685.
The property has undergone extensive upgrades including a new AC unit, ductwork, electrical panel, plumbing, and a fully remodeled kitchen, offering buyers a move-in-ready home with modernized essential systems.
Situated in a highly desirable pocket of Tempe, the home offers exceptional proximity to Old Town Scottsdale, Arizona State University, and Papago Park, making it ideal for both primary residents and investment potential.
Fitting four bedrooms into 1,685 square feet may result in smaller individual room dimensions, which could feel restrictive for families requiring larger living spaces.
Despite the thorough renovation, the 1964 construction may still feature original architectural constraints such as lower ceiling heights or a more segmented floor plan compared to contemporary builds.
Fully renovated 4-bedroom home with pool and 2-car garage in a prime Scottsdale/Tempe location just minutes from Old Town Scottsdale, ASU, and Papago Park. This 1,685 sq ft turnkey home features a flexible floor plan and remodeled kitchen with new cabinetry, upgraded appliances, huge walk-in pantry, and modern finishes open to the main living area. Extensive upgrades include both bathrooms, flooring, drywall, paint, lighting, ceiling fans, plumbing, outlets, wiring, electrical panel, AC unit, and ductwork. Roof recently serviced. Backyard features a resurfaced diving pool, new pool equipment, updated decking, and low-maintenance landscaping perfect for enjoying Arizona living year-round.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 70% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,685 | 1,466.5 | 80% |
| Lot Size | 7,244 | 6,020 | 60% |
| Price | $659.0K | $502.0K | 60% |
| Price per sq ft | $391 | $348 | 70% |
| Built year | 1964 | 1961 | 70% |
| HOA | $0 | $0 | 50% |
| Days on market | 35 | 1576 | 10% |
May 11, 2026
$659,000
Initial Listing