
Tempe, AZ 85281
Analysis of 1116 S HOLBROOK Lane, Tempe, AZ 85281 is currently available with a list price of $364,900. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Tempe Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
Although built in 1953, the property has undergone a comprehensive recent renovation (likely <5 years) including a fully remodeled kitchen with stainless steel appliances, a modern bathroom with a tiled walk-in shower, and new LVP flooring. Systems are updated with energy-efficient dual-pane windows and a new mini-split HVAC in the detached flex space, making it move-in ready with no immediate maintenance required.
Ideally situated in the heart of Tempe near ASU, Tempe Marketplace, and major freeways, offering high desirability for students, commuters, and investors.
Extensively updated with a remodeled kitchen, energy-efficient dual-pane windows, and new flooring throughout, all with the added benefit of no HOA fees.
Features a 140-square-foot climate-controlled detached studio and R-4 zoning, providing excellent potential for a home office, guest suite, or future ADU conversion.
At only 798 square feet with a 2-bedroom, 1-bathroom layout, the compact living area may be too restrictive for growing families or those requiring more space.
The 3,750-square-foot lot is relatively small, which limits outdoor recreational space and may feel crowded compared to standard residential lots in the area.
FULLY UPDATED, MOVE-IN READY, and loaded with value in the heart of Tempe! Ideally located just minutes from ASU, Tempe Marketplace, Tempe Town Lake, Sky Harbor Airport and the Loop 101, US-60, and I-10 freeways, this charming home offers modern updates, versatility, and NO HOA. The nicely remodeled kitchen features white cabinetry, subway tile backsplash, a 5-burner gas cooktop & stainless steel appliances, including a new LG refrigerator. Additional upgrades include an updated bathroom with a tiled walk-in shower, energy-efficient dual-pane windows, wood-look tile and luxury vinyl plank flooring throughout, new interior window coverings and new ceiling fans in every room, updated lighting, two decorative premium steel screen doors, a new side-yard storage shed, new corrugated steel side-yard fencing, new breezeway gate to secure backyard and a new perimeter fence--makes this home truly move-in ready. A rare highlight is the 140-square-foot detached, climate-controlled flex space (not included in the home's livable square footage) featuring its own private entrance, mini-split HVAC system, new drywall, insulation, fresh interior paint, and baseboards. This versatile space is ideal for a home office, fitness room, art or music studio, private guest retreat, or roommate space. With desirable R-4 zoning, it also offers outstanding potential for future ADU conversion (buyer to verify). Whether you're searching for the perfect home for your ASU student and roommates, a first-time home, a lock-and-leave residence, or an exceptional investment opportunity, this Tempe gem offers comfort, flexibility, and long-term value in one of the city's most sought-after and growing locations. Don't miss your opportunity to own this adorable home!
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 0.9 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 798 | - |
| Lot Size | 3,750 | - |
| Price | $364.9K | $562.2K |
| Price per sq ft | $457 | $326 |
| Built year | 1953 | 0 |
| HOA | $0 | $0 |
| Days on market | 14 | 2615 |
Jul 8, 2026
$364,900
Initial Listing