1409 N OLEANDER Street, Tempe, AZ 85288, Tempe, 85288 - 3 bed, 2 bath
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Tempe, AZ 85288
This Modernized Turnkey Residence is a Prime Investment Opportunity, listed at $525,000—positioned well below the $547,089 Fair Market Value by 4%. This valuation gap delivers $22,089 in Instant Equity for the incoming buyer. Holding a Condition Rating of 2, the property features a new roof, upgraded granite kitchen, and a resort-style pool on a large lot with no HOA. Located near ASU and Old Town Scottsdale, it offers significant short-term rental or long-term hold potential. This is an ideal asset for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1409 N OLEANDER Street Subject | $525,000* List Price | 3 | 2 | 1,235 | $443 | - |
A 708 E TAYLOR Street Sold | $431,000 List Price | 3 | 2 | 1,129 | 0.9 mi | |
B 1637 N BRIDALWREATH Street Sold | $529,600 | 3 | 2 | 1,435 | $369 | 0.3 mi |
C 1707 N BRIDALWREATH Street Sold | $535,000 | 4 | 2 | 1,645 | $325 | 0.4 mi |
D 1425 N GENE Avenue Sold | $554,000 | 3 | 2 | 1,535 | $361 | 0.7 mi |
E 628 E PAPAGO Drive Pending | $529,999 List Price | 3 | 2 | 1,349 | $393 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent extensive renovations within the last 5 years (2020), including new plumbing, sewage, water heater, and modern tile flooring throughout. With a roof replaced in 2018 and an upgraded kitchen featuring granite countertops, the home meets current quality standards 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 = 7314, living area = 1235.
Ideally situated on the Tempe/Scottsdale border near ASU, Old Town, and Sky Harbor Airport, offering high demand for both long-term residents and short-term rental guests.
The property features a new roof (2018) and updated plumbing, sewage, water heater, and tile flooring (2020), significantly reducing immediate maintenance concerns and capital expenditure for a new owner.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1235, other record living area = 1433.
With only 1,235 square feet of living space, the interior footprint is relatively small for a three-bedroom home, which may limit its appeal to larger families or those seeking spacious common areas.
Built in 1970, the home may still require further modernization or aesthetic updates to fully align with contemporary luxury standards despite the recent functional improvements.
A charming private getaway or a strong investment opportunity in a high-demand area, this home is made for families and investors alike! The cash-flow, ROI potential, and low maintenance makes it perfect for an investor looking for a 1031 exchange, a short-term rental, or long-term hold investment. The harmonious upgrades and comfortable living space make it a dream home for a new family. Situated in a quiet cul-de-sac with NO HOA on the Tempe/Scottsdale border just minutes away from ASU, Tempe Marketplace, Sky Harbor Airport, Old Town Scottsdale, with easy access to freeways! Complete with a resort style backyard with a covered patio, a sparkling pool and an extended paver patio perfect for entertaining or relaxation. A new roof in 2018. New water heater, plumbing, sewage, and tile flooring throughout in 2020. An upgraded kitchen with granite countertops and a stylish backsplash. New homeowners will enjoy the privacy, convenience, and comfort. Investors will enjoy the low risk, cash-on-cash return, and high cap rate. Come take a look at this home today!
No exterior & parking available.
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 | 1,235 | 1,374 | 29% |
| Lot Size | 7,314 | 6,787 | 53% |
| Price | $525.0K | $420.0K | 65% |
| Price per sq ft | $425 | $325 | 82% |
| Built year | 1970 | 1961 | 71% |
| HOA | $0 | $0 | 50% |
| Days on market | 50 | 1985 | 6% |
Mar 3, 2026
$525,000
Initial Listing