
Tempe, AZ 85282
This property presents a High-Potential Investment Opportunity with a List Price of $475,000—positioned well below the $489,370 Fair Market Value by 2%. This valuation gap offers $14,370 in Instant Equity. Featuring a Fair Condition Rating, the home requires cosmetic modernization, yet its 9,326 sqft corner lot and no HOA status provide significant value-add potential. Ideally located near ASU and major transit, this is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build equity through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1063 E LOYOLA Drive Subject | $475,000* List Price | 4 | 2 | 1,664 | $294 | - |
A 3315 S DORSEY Lane Sold | $410,000 | 3 | 2 | 1,832 | $224 | 0.4 mi |
B 1102 E REDONDO Circle Sold | $495,000 | 3 | 2 | 1,521 | $325 | 0.6 mi |
C 1228 E BROADMOR Drive Sold | $595,000 | 3 | 2 | 1,632 | $365 | 0.6 mi |
D 17 E CAIRO Drive Sold | $522,000 | 3 | 2 | 1,676 | $311 | 1.0 mi |
E 2139 S LA ROSA Drive Sold | $478,000 | 3 | 2 | 1,563 | $306 | 0.7 mi |
F 1237 E La Jolla Drive Sold | $505,000 List Price | 3 | 2 | 1,912 | 0.5 mi | |
G 1000 E LOYOLA Drive Active | $499,000 List Price | 4 | 2 | 1,664 | $300 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1965, the property is well-maintained but significantly dated. While the HVAC system is recently updated, the kitchen features older oak cabinetry and white appliances likely exceeding 20 years in age. The interior finishes, including carpeting and fluorescent lighting, require modernization to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9326, living area = 1664.
The property is ideally situated near Arizona State University, Kiwanis Park, and major transit routes like Loop 101, offering exceptional convenience and high rental or resale demand.
The large 9,326 sqft north/south-facing corner lot provides a 'pool-sized' backyard with alley access, offering significant privacy and space for outdoor improvements.
Built in 1965 and featuring wood cabinetry and plush carpeting, the home likely requires a cosmetic overhaul to meet the expectations of modern buyers seeking contemporary finishes.
Distributing four bedrooms across 1,664 square feet may result in smaller individual room sizes and a more compartmentalized floor plan compared to modern open-concept designs.
Welcome to this charming 4 bedroom, 2 bath home perfectly situated on a desirable north/south-facing corner lot in a highly convenient Tempe location! Offering a comfortable and functional layout, this home features a cozy living room with plantation shutters, a soothing color palette, and plush carpeting, while the separate family room invites you to unwind beside the wood-burning fireplace with its classic brick surround. The kitchen is well-equipped with ample wood cabinetry, built-in appliances, and a center island that provides additional prep and gathering space. The spacious primary suite offers private backyard access through double doors, a walk-in closet, and an en-suite bath for added comfort and privacy. Step outside to enjoy the expansive ''pool-sized'' backyard designed for easy maintenance, complete with a covered patio, paver accents, storage shed, and convenient alley access. Multiple double-door exits from the family room, kitchen area, and primary bedroom create seamless indoor-outdoor living. Additional highlights include a recently updated air conditioner and a brand-new garage door opener with remote. Ideally located near Arizona State University, Kiwanis Park, popular dining and shopping destinations, and with easy access to Loop 101 and Highway 60, this home combines comfort, convenience, and exceptional potential. Don't miss the opportunity to make it yours!
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 | 1,664 | - |
| Lot Size | 9,326 | - |
| Price | $475.0K | $562.2K |
| Price per sq ft | $285 | $326 |
| Built year | 1965 | 0 |
| HOA | $0 | $0 |
| Days on market | 28 | 2615 |
Jun 24, 2026
$475,000
Initial Listing