
Tempe, AZ 85283
This property presents a High-Potential Investment Opportunity with a List Price of $425,000—positioned well below the $387,604 Fair Market Value by -9%. While the home carries a Poor Condition Rating due to its 1995 build and original finishes, the 1,524 sq ft floorplan with a convertible den offers significant value-add potential. Its proximity to I-10 and ASU ensures strong rental demand. This is a strategic acquisition for Fix-and-Flip Investors or Contractors seeking to modernize a well-located asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1086 W TODD Drive Subject 3 bd · 2 ba · 1,524 sqft · $254 | $425,000* List Price | 3 | 2 | 1,524 | $254 | - |
A 1026 W LIBRA Drive Active 3 bd · 3 ba · 1,461 sqft · $253 · 0.9 mi | $370,000 List Price | 3 | 3 | 1,461 | $253 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1995, the property is 31 years old, placing it in the Poor category based on the age criteria (>30y). The listing description confirms the home is in mostly original condition, offering an 'opportunity for updating and personalization,' which indicates that the kitchen, bathrooms, and major mechanical systems are likely at the end of their functional lifespan and require rehab.
Situated less than a mile from I-10 and within 15 minutes of ASU and Sky Harbor Airport, this property offers exceptional convenience for commuters and easy access to local dining and retail.
The functional floorplan includes vaulted ceilings and a den already equipped with a closet and door, providing an effortless opportunity to convert the space into a fourth bedroom to increase utility and value.
The home features a preferred North/South orientation on an interior lot, which is highly sought after in Arizona for energy efficiency and maintaining comfortable indoor temperatures.
The property is positioned as an opportunity for personalization, implying that the interior finishes are dated and will require additional capital investment for modernizing.
With assigned school ratings as low as a 3 for the middle school, the property may face challenges attracting families who prioritize high-performing educational districts.
Great opportunity in a convenient location! This 1,524 sq ft home offers 3 bedrooms plus a den, great room floorplan, split bedrooms, vaulted ceilings, indoor laundry and a 2-car garage. The den already has a closet and door, offering potential for conversion to a 4th bedroom. See floorplan with dimensions attached. The kitchen features an island, and the primary suite includes a dual vanity + separate shower and tub. North/south orientation on a 5,166 sq ft interior lot. Conveniently located less than a mile from I-10, approx 15 minutes from ASU and Sky Harbor Airport, 13 minutes from nearby hiking, and less than a half-mile walk to dining and retail. HVAC replaced with 3.5 ton Trane 2021, water heater 2024, garage opener 2023, disposal 2022. Home offers a great opportunity for updating!
No exterior & parking available.
Grades PK-5 • 2.2 mi
Grades 6-8 • 2.1 mi
Grades 9-12 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.3 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,524 | 1,805.798 |
| Lot Size | 5,166 | 8,241.322 |
| Price | $425.0K | $528.2K |
| Price per sq ft | $279 | $306 |
| Built year | 1995 | 1973 |
| HOA | $150 | $297 |
| Days on market | 23 | 66 |
Oct 1, 2026
$425,000
Initial Listing