1032 E LAGUNA Drive, Tempe, AZ 85282, Tempe, 85282 - 3 bed, 3 bath
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Tempe, AZ 85282
This Mid-Century Value-Add Asset is listed at $395,000, positioned accurately at its $395,000 Fair Market Value. Featuring a Condition Rating of 5, this "As-Is" property requires a comprehensive rehabilitation to unlock its full potential. The spacious 1,952 sqft layout includes original Saltillo tile, a private patio, and a versatile separate upstairs suite, offering a unique architectural canvas in a high-demand Tempe location. Despite high carrying costs, the proximity to ASU and Sky Harbor ensures strong rental resilience. This is a strategic acquisition for Fix-and-Flip Investors or Buy-and-Hold Investors targeting forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1032 E LAGUNA Drive Subject | $395,000* List Price | 3 | 3 | 1,952 | $202 | - |
A 3905 S MILL Avenue Sold | $335,000 List Price | 4 | 3 | 1,536 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1969, this property is marketed as a fixer-upper requiring substantial rehabilitation. Interior photos reveal severely stained and worn carpeting along with dated flooring. The listing explicitly states the home needs TLC and is being sold strictly 'As-Is,' making it a project for investors or flippers.
The property features unique mid-century modern influence with clean lines and original Saltillo tile flooring, offering a distinct aesthetic character that is highly desirable in the Tempe market.
Situated in the heart of Tempe, this home offers exceptional proximity to Phoenix Sky Harbor International Airport, major freeways, and local shopping and dining hubs, making it ideal for commuters and travelers.
With nearly 2,000 square feet of living space and a separate upstairs suite, the layout provides excellent flexibility for a guest wing, home office, or creative studio.
The home is sold strictly in 'As-Is' condition and requires substantial repairs and modernization, which will necessitate a significant additional investment of time and capital.
The association fee of $1,300 represents a high recurring monthly or quarterly expense that may impact the overall affordability and return on investment for potential buyers.
A truly one-of-a-kind property in the heart of Tempe! This unique home showcases strong architectural features with clean lines, original details, and a mid-century influence exuding the timeless appeal including original Saltillo tile flooring. The main level features two bedrooms, two bathrooms, and a spacious living and dining space. Upstairs, you'll find an additional bedroom and separate bathroom, offering flexibility for a guest suite, home office, or creative space. While the home does require TLC, it presents a rare opportunity to bring your vision to life. Whether you're an investor looking for your next project or a buyer ready to customize a home with character, this property offers solid bones, functional space, and major upside potential. Situated in a prime Tempe location, this home offers easy access to schools, shopping, dining, and major freeways. It's also just a quick drive to Phoenix Sky Harbor International Airport, making it ideal for travelers! This home is being sold strictly As-Is and is priced accordingly to reflect needed repairs. An ideal canvas for remodelers, flippers, or anyone ready to build equity in a sought-after location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 70% |
| Baths | 3.0 | 1.5 | 80% |
| Square foot | 1,952 | 926 | 90% |
| Lot Size | 4,508 | 676 | 90% |
| Price | $395.0K | $0 | 90% |
| Price per sq ft | $202 | $0 | 60% |
| Built year | 1969 | 1984 | 30% |
| HOA | $1300 | $212 | 90% |
| Days on market | 122 | 1211 | 10% |
Dec 21, 2025
$395,000
Initial Listing