1227 E Broadmor Drive, Tempe, AZ 85282, Tempe, 85282 - 3 bed, 2 bath
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Tempe, AZ 85282
This property presents a High-Potential Investment Opportunity with a List Price of $399,000—positioned well below the $379,176 Fair Market Value by -5%. While the home maintains a Fair Condition Rating, its large 7,579 sqft lot and strategic proximity to ASU and major freeways provide significant upside for value-add renovations. The absence of HOA fees enhances long-term cash flow potential. This asset is an ideal acquisition for Buy-and-Hold Investors or first-time buyers looking to build equity through modernization in a high-demand Tempe location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1227 E Broadmor Drive Subject | $399,000* List Price | 3 | 2 | 1,478 | $257 | - |
A 1102 E REDONDO Circle Sold | $495,000 | 3 | 2 | 1,521 | $325 | 0.2 mi |
B 1413 E WESLEYAN Drive Sold | $415,000 | 3 | 2 | 1,564 | $265 | 0.5 mi |
C 2139 S LA ROSA Drive Sold | $478,000 | 3 | 2 | 1,563 | $306 | 0.6 mi |
D 3315 S DORSEY Lane Sold | $410,000 | 3 | 2 | 1,832 | $224 | 0.8 mi |
E 1314 E VERLEA Circle Active Under Contract | $400,000 List Price | 3 | 2 | 1,392 | $287 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1966 (58 years old), the home exceeds the 20-year threshold for 'Fair'. While the interior shows recent cosmetic refreshes like new carpet and paint, the overall property remains dated with a basic exterior and unlandscaped yard. It appears functional and move-in ready but requires further modernization of systems and finishes to meet higher standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7579, living area = 1478.
Ideally situated near ASU and major freeways including the Loop 202 and 101, this property offers exceptional accessibility for commuters and high potential for rental demand.
The absence of a homeowners association provides owners with greater flexibility and lower monthly carrying costs, making it an attractive option for budget-conscious buyers and investors.
Built in 1966, the home may require significant capital investment for modernizing major systems or aesthetic updates to meet contemporary buyer expectations.
While the elementary school is well-rated, the middle and high schools carry average ratings, which may be a consideration for families prioritizing top-tier educational districts.
This 3-bedroom, 2-bath home features an open floor plan and a spacious family room, offering a comfortable and functional layout. The front and back yards provide great outdoor space for relaxing, entertaining, or pets, all enclosed by a block fence for added privacy. An adorable opportunity for a first-time homebuyer or an investor, this property is ideally located near ASU, the Loop 202, and the 101, offering easy access for commuting. Close to schools, shopping, dining, and entertainment, this home delivers convenience and location in one of Tempe's most desirable areas.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades 6-8 • 1.1 mi
Grades 9-12 • 0.8 mi
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 | 1,478 | 1,655 | 29% |
| Lot Size | 7,579 | 8,355 | 33% |
| Price | $399.0K | $185.8K | 54% |
| Price per sq ft | $270 | $112 | 62% |
| Built year | 1966 | 1970 | 31% |
| HOA | $0 | $0 | 50% |
| Days on market | 51 | 2446 | 2% |
Apr 17, 2026
$399,000
Initial Listing