1204 E STEAMBOAT BEND Drive, Tempe, AZ 85283, Tempe, 85283 - 5 bed, 2 bath
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1204 E STEAMBOAT BEND Drive
Tempe, AZ 85283
ACTIVE
CONDITION: GOOD
5Beds
2Baths
2,429Sq Ft
8,433Lot Size
Property Price
LIST PRICE$620,000
EST. MARKET VALUE
$558,789
10% AboveMARKET VALUE
SUMMARY
This Spacious Single Family Residence represents a High-Potential Investment Opportunity, listed at $620,000—positioned above the $558,789 Fair Market Value by 10%. While priced above current estimates, the property offers significant lifestyle value within the resort-style "The Lakes" community. Featuring a Condition Rating of 3, the home includes modern kitchen updates and a private patio. With proximity to top-rated schools and extensive community amenities, this property is an ideal acquisition for Owner-Occupants seeking long-term stability or Buy-and-Hold Investors targeting high-demand rental areas.
Estimated Market Value
$558,789
Based on Realkey algorithm analyzing recent comparable sales in Tempe.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1204 E STEAMBOAT BEND Drive Subject | $620,000* List Price | 5 | 2 | 2,429 | $230 | - |
A 1421 E WHALERS Way Sold | $670,000 | 4 | 3 | 2,694 | $249 | 0.2 mi |
B 6000 S JUNIPER Street Sold | $520,000 | 4 | 2 | 2,136 | $243 | 0.6 mi |
C 1703 E WATSON Drive Sold | $520,000 | 4 | 2 | 2,004 | $259 | 0.5 mi |
D 943 E Eveningstar Lane Sold | $632,000 | 3 | 2 | 2,363 | $267 | 0.5 mi |
E 1823 E CORNELL Drive Sold | $724,999 | 4 | 2 | 2,360 | $307 | 0.6 mi |
F 1316 E WOODMAN Drive Sold | $540,000 | 4 | 2 | 2,056 | $263 | 0.9 mi |
G 5919 S JENTILLY Lane Sold | $565,000 | 4 | 2 | 1,968 | $287 | 0.7 mi |
H 1613 E WEATHERVANE Lane Sold | $685,000 | 4 | 3 | 2,670 | $257 | 0.4 mi |
I 1409 E WATSON Drive Pending | $615,000 List Price | 5 | 2 | 2,272 | $271 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1974, the interior shows clear signs of renovation within the 10-20 year range. The kitchen features updated cabinetry, stainless steel appliances, and solid surface countertops. The living areas have newer laminate flooring and recessed lighting, making the home functional and move-in ready despite the age of the structure.
PROSSTRENGTHS & OPPORTUNITIES
- Resort-Style Community Amenities
Located in the highly desirable 'The Lakes' subdivision, residents enjoy access to premium amenities including lakeside walking paths, tennis courts, and a fitness center, offering a unique lifestyle value.
- Substantial Living Space
With 5 bedrooms and over 2,400 square feet, this residence provides a rare amount of space for the area, featuring a functional open layout ideal for large families or entertaining.
- Excellent School Proximity
The property is perfectly positioned for families, with elementary, middle, and high schools all located within a convenient 0.6-mile radius, significantly reducing daily commute times.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1974, the home may require capital improvements or updates to major systems and cosmetic finishes to align with modern energy efficiency and design standards.
- Limited Bathroom Ratio
The home features 5 bedrooms but only 2 bathrooms, which may create functional bottlenecks for larger households and could impact the property's competitive appeal compared to more modern layouts.
About 1204 E STEAMBOAT BEND Drive
This spacious residence offers a functional open layout with generous living areas, natural light, and plenty of room for both relaxing and entertaining. The home features well sized bedrooms, a versatile floor plan, and a private backyard perfect for enjoying Arizona living. Residents of The Lakes enjoy resort style amenities, including lakeside walking paths, tennis courts, a fitness center, and a vibrant community atmosphere. Conveniently located near shopping, dining, parks, and freeway access, this home offers the perfect combination of comfort, space, and lifestyle.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1974
- Lot Size
- 8,433 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $405 / Month
Neighborhood Insights
Tempe Unified Schools
Rover Elementary School
Grades K-5 • 0.4 mi
5/10
Fuller Elementary School
Grades K-5 • 1.1 mi
7/10
Fees College Preparatory Middle School
Grades 6-8 • 0.4 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,429 | 1,773.888 |
| Lot Size | 8,433 | 8,245.105 |
| Price | $620.0K | $529.7K |
| Price per sq ft | $255 | $314 |
| Built year | 1974 | 1972 |
| HOA | $405 | $292 |
| Days on market | 9 | 63 |
Pricing History
Listed for Sale
Aug 31, 2026
$620,000
Initial Listing