136 E PALMCROFT Drive, Tempe, AZ 85282, Tempe, 85282 - 4 bed, 3 bath
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Tempe, AZ 85282
This Modernized Multi-Generational Residence is a Prime Investment Opportunity, listed at $675,000—positioned well below the $696,136 Fair Market Value by 3%. This valuation gap provides $21,136 in Instant Equity. Boasting a Renovated Condition Rating, the home features a custom primary suite, shaker-style kitchen, and covered patio. Located one block from Broadmor Elementary and near ASU, the 10,433 sq. ft. lot benefits from low-cost SRP irrigation. This is a strategic acquisition for Owner-Occupants or Savvy Investors seeking a high-yield asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 136 E PALMCROFT Drive Subject | $675,000* List Price | 4 | 3 | 2,256 | $309 | - |
A 2110 S MILL Avenue Sold | $799,000 | 4 | 3 | 2,685 | $298 | 0.2 mi |
B 2704 S TERRACE Road Sold | $630,000 | 5 | 2 | 2,024 | $311 | 0.9 mi |
C 2007 S EL CAMINO Drive Active | $675,000 List Price | 4 | 3 | 2,230 | $303 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1957, the property has undergone an extensive recent renovation that brings it up to modern standards. The interior features a fully updated kitchen with contemporary shaker cabinets and granite countertops, new wood-look tile flooring throughout, and a custom primary suite conversion with its own dedicated AC and modern bathroom. The recessed lighting, updated fixtures, and fresh finishes across all living spaces indicate a high-quality renovation within the last 5 years with no deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10433, living area = 2256.
Situated less than two miles from the ASU campus and just one block from the highly-regarded Broadmor Elementary, this property offers exceptional convenience for both academic professionals and families.
The home features a custom primary suite conversion equipped with its own dedicated AC unit, private bathroom, and walk-in closet, providing a modern level of comfort rarely found in 1950s-era builds.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Built in 1957, the property may have underlying maintenance requirements or dated structural elements common to homes of this vintage that are not immediately visible in the updated interior.
While the elementary school is a major draw, the assigned high school has a lower rating of 3, which may be a concern for families prioritizing long-term educational consistency.
Single-story corner lot home is located less than 2 mi. from ASU Campus and one block from the regarded Broadmor Elementary. Floor plan features a custom primary suite conversion with its own dedicated AC unit, full private bathroom, and walk-in closet. Kitchen comes with shaker cabinets, large walk-in pantry, and updated appliances. Wood-look tile runs through the rest of the home. The other three bedrooms are well-sized with easy access to the secondary bathroom. Backyard includes a covered patio and SRP flood irrigation, allowing for a lush yard and mature trees without high water costs. Whether used as a rental near campus or a primary residence, this property is a standout for the area. *Some photos have been virtually staged and/or digitally enhanced to show potential.*
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades 6-8 • 2.1 mi
Grades 9-12 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 55% |
| Baths | 3.0 | 2.0 | 89% |
| Square foot | 2,256 | 1,763.5 | 84% |
| Lot Size | 10,433 | 8,355 | 85% |
| Price | $675.0K | $412.5K | 91% |
| Price per sq ft | $299 | $252 | 67% |
| Built year | 1957 | 1969 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 2120 | 1% |
Apr 10, 2026
$675,000
Initial Listing