137 E VISTA DEL CERRO Drive, Tempe, AZ 85281, Tempe, 85281 - 6 bed, 4 bath
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Tempe, AZ 85281
This Spacious Single Family Residence is a High-Potential Investment Opportunity, listed at $1,150,000, which aligns closely with its $1,137,672 Fair Market Value. Featuring a Mint Condition Rating and recent upgrades like new HVAC and modern finishes, this property offers immediate rental viability. The 6-bedroom layout and private pool provide significant versatility for student housing or multigenerational living. With no HOA and proximity to ASU, this asset is a stable choice for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, income-generating property in a high-demand location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 137 E VISTA DEL CERRO Drive Subject | $1,150,000* List Price | 6 | 4 | 3,178 | $358 | - |
A 315 E ENCANTO Drive Active | $809,900 List Price | 4 | 2 | 2,673 | $303 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1951, the property has undergone a comprehensive recent renovation (likely within the last 5 years) as evidenced by the modern LVP flooring, recessed lighting, updated kitchen with stone countertops, and fully remodeled bathrooms with contemporary tile and glass enclosures. The listing also confirms new HVAC systems, placing it in mint, move-in ready condition.
Located minutes from the ASU campus with a proven track record of positive cash flow, this property is a premier choice for investors or student housing.
Featuring 6 bedrooms and 4 bathrooms across 3,178 square feet, the home offers rare versatility for multigenerational living or high-occupancy rentals.
Recent upgrades including new AC units ensure climate reliability, while the absence of an HOA provides owners with maximum flexibility and lower monthly carrying costs.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 5.
Originally built in 1951, the home may require ongoing maintenance or further structural updates typical of older vintage properties despite recent renovations.
The assigned high school carries a lower rating of 3, which may be a consideration for owner-occupant families focused on top-tier public education.
Spacious and beautifully updated, this 6-bedroom, 4-bath home offers exceptional versatility in a quaint neighborhood just minutes from the ASU campus. Recent upgrades, including new AC units, provide modern comfort and peace of mind. The private backyard features a sparkling pool surrounded by mature landscaping, creating the perfect space to relax or entertain. With no HOA, you'll enjoy added flexibility and freedom. This property has generated positive cash flow as a rental, making it an outstanding investment opportunity, while its generous layout also makes it ideal for multigenerational living. A rare combination of size, location, updates, and income potential!
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 2.2 mi
Grades 9-12 • 0.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 3,178 | - |
| Lot Size | 8,751 | - |
| Price | $1.15M | $562.2K |
| Price per sq ft | $362 | $326 |
| Built year | 1951 | 0 |
| HOA | $0 | $0 |
| Days on market | 25 | 2615 |
Jun 27, 2026
$1,150,000
Initial Listing