1409 E STEPHENS Drive, Tempe, AZ 85283, Tempe, 85283 - 3 bed, 2 bath
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1409 E STEPHENS Drive
Tempe, AZ 85283
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,320Sq Ft
7,924Lot Size
Property Price
LIST PRICE$437,000
EST. MARKET VALUE
$443,603
SUMMARY
This Single Family Residence is a Strong Value Opportunity, listed at $385,000—positioned well below the $421,710 Fair Market Value by 8%. This valuation gap offers $36,710 in Instant Equity for the buyer. While the home maintains a Condition Rating of 4, its large lot, private pool, and mountain views provide significant upside for modernization. This property balances financial potential with lifestyle appeal, making it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project in Tempe.
Estimated Market Value
$443,603
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 |
|---|---|---|---|---|---|---|
★ 1409 E STEPHENS Drive Subject | $437,000* List Price | 3 | 2 | 1,320 | $336 | - |
A 1451 E CHILTON Drive Sold | $454,360 | 3 | 2 | 1,556 | $292 | 0.1 mi |
B 721 E BRENTRUP Drive Sold | $415,800 | 3 | 2 | 1,431 | $291 | 0.8 mi |
C 1453 E Todd Drive Sold | $395,000 | 2 | 2 | 1,032 | $383 | 0.1 mi |
D 1540 E TODD Drive Active | $399,900 List Price | 3 | 2 | 1,068 | $374 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1983 (41 years old), the property is functional but dated. Interior features like floral wallpaper, older tile flooring, and the presence of a portable AC unit in the sunroom indicate that systems and aesthetics are likely over 20 years old and in need of modernization.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7924, living area = 1320.
- Private Pool & Outdoor Living
The property features a refreshing private pool, a bright sunroom, and a large manicured backyard, offering an ideal setup for year-round Arizona outdoor living and entertainment.
- No HOA Fees
With an association fee of $0, homeowners enjoy significant monthly savings and greater freedom from the restrictive regulations often found in Tempe residential communities.
CONSRISKS & DEFICIENCIES
- Compact Square Footage
At 1,320 square feet for a three-bedroom layout, the interior living spaces may feel somewhat confined for buyers prioritizing large common areas or expansive bedrooms.
- Potential for Modernization
Built in 1983 and featuring traditional wood cabinetry, the home may require additional capital investment for cosmetic updates to align with contemporary modern design trends.
About 1409 E STEPHENS Drive
The search is finally over! This lovely 3-bedroom, 2-bath home welcomes you with a 2-car garage, lush natural turf, and a front patio that sets an inviting tone. Inside, you'll find a living room with vaulted ceilings, a soothing palette, shutters, and tile flooring. The well-appointed kitchen comes with wood cabinets, built-in appliances, a handy pantry, and a peninsula with a breakfast bar. The main bedroom includes a private bathroom for added comfort. Enjoy quiet afternoons in the bright sunroom, perfect for enjoying the warm Arizona weather year-round. Spend relaxing evenings in the backyard, complete with a covered patio, a manicured lawn, a storage shed, and a refreshing pool for cooling down on hot days. Don't miss out on this fantastic opportunity!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1983
- Lot Size
- 7,924 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,320 | 1,773.888 |
| Lot Size | 7,924 | 8,245.105 |
| Price | $437.0K | $529.7K |
| Price per sq ft | $331 | $314 |
| Built year | 1983 | 1972 |
| HOA | $0 | $292 |
| Days on market | 48 | 63 |
Pricing History
Listed for Sale
Sep 4, 2026
$437,000
$385,000
+14% Price Increase
Initial Listing
Price Change
Jul 23, 2026
$385,000
Initial Listing