1068 E FROST Drive, Tempe, AZ 85282, Tempe, 85282 - 3 bed, 2 bath
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Tempe, AZ 85282
This Well-Maintained Traditional Home is listed at $449,900, representing a stable residential asset in a Prime Central Location near ASU. While the price sits above the $417,282 Fair Market Value, the valuation is justified by a Condition Rating of 4 and significant mechanical integrity, including a 9-year-old Roof and AC and a newer water heater. Featuring Durable Block Construction and an expansive 7,200 sqft lot, the property offers long-term structural reliability and high rental demand. This is an ideal acquisition for Owner-Occupants seeking a reliable residence or Buy-and-Hold Investors targeting the Tempe student housing market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1068 E FROST Drive Subject | $449,900* List Price | 3 | 2 | 1,396 | $299 | - |
A 501 E HERMOSA Drive Sold | $539,000 List Price | 3 | 2 | 1,642 | 0.7 mi | |
B 1237 E La Jolla Drive Sold | $505,000 List Price | 3 | 2 | 1,912 | 0.5 mi | |
C 3324 S DORSEY Lane Sold | $485,000 | 3 | 2 | 1,492 | $325 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1971, the property is well-maintained but significantly outdated. The interior features older green carpeting, popcorn ceilings, and a kitchen with dated cabinetry and appliances. While major systems like the roof and AC are in good working order (approximately 9 years old) and the water heater is nearly new, the overall aesthetic and fixtures require modernization to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7200, living area = 1396.
Situated in the heart of Tempe near ASU, this property offers exceptional convenience for families and high rental potential for student housing.
With a water heater less than two years old and a well-maintained roof and AC system, the home offers reduced immediate capital expenditure for the buyer.
The property features a carport rather than a fully enclosed garage, which may limit secure storage options and vehicle protection from the elements.
The water softener and RO systems are leased rather than owned, requiring the buyer to assume monthly payments and contract obligations upon transfer.
Well maintained and well cared for Single Family Home in the heart of Tempe! This home truly shows pride of ownership. House is block construction & has extra insulation recently installed. Low maintenance large front yard. Expansive & lavish backyard, multiple storage areas on property and large driveway with carport for parking. Roof & AC in great condition - about 9 years old and well maintained. Hot water heater is less than 2 years old. Water softener and RO system are leased and are transferable. This home has a central location to all that Tempe has to offer! This would make an awesome family home, or home for child who attends ASU. Come see it today!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,396 | 1,737 | 12% |
| Lot Size | 7,200 | 8,355 | 13% |
| Price | $449.9K | $404.5K | 56% |
| Price per sq ft | $322 | $251 | 84% |
| Built year | 1971 | 1969 | 65% |
| HOA | $0 | $0 | 50% |
| Days on market | 34 | 2155 | 1% |
Mar 19, 2026
$449,900
Initial Listing