1433 S RITA Lane, Tempe, AZ 85281, Tempe, 85281 - 2 bed, 1 bath
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Tempe, AZ 85281
This Renovated Single-Family Home is listed at $440,000, positioned competitively near its $422,928 Fair Market Value. Boasting an Excellent Condition Rating following a comprehensive 2022 renovation, the property features a Modern Kitchen, New Roof, and Upgraded HVAC. The expansive 7,500 sqft lot includes a Back Patio and mature fruit trees, providing a private sanctuary near Arizona State University. Located near McClintock High, Connolly Middle, and Curry Elementary with no HOA, this polished residence is ideal for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1433 S RITA Lane Subject | $405,000* List Price | 2 | 1 | 768 | $515 | - |
A 1622 E 12TH Street Active | $430,000 List Price | 3 | 2 | 904 | $476 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent a comprehensive renovation in 2022, which is within the 5-year threshold for an excellent rating. Key upgrades include a new roof, AC, plumbing, electrical, and windows. The interior features modern wood-look flooring, a contemporary kitchen with stainless steel appliances and a designer range hood, and a fully remodeled bathroom with high-end tile work and a marble-top vanity. The property is move-in ready with no signs of deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7500, living area = 768.
Situated in the heart of a high-demand area near ASU, dining, and entertainment, this property offers exceptional appeal for investors, students, and urban professionals.
The home underwent significant upgrades in 2022, including a new roof, AC, plumbing, electrical, windows, and a modernized kitchen and bath, reducing immediate capital expenditure.
With only 768 square feet and a 2-bedroom, 1-bathroom configuration, the home's small footprint may limit its appeal to larger families or those needing more interior utility.
At a list price of $440,000, the cost per square foot is notably high, which may present challenges for traditional appraisals or buyers seeking more value for their investment.
THIS FANTASTIC HOME is in the HEART of a HIGHLY DESIRABLE TEMPE LOCATION*GREAT OPTION for INVESTORS, STUDENTS, or ANYONE WANTING to be close to DINING, SHOPPING, ENTERTAINMENT, ASU, and FREEWAYS*UPDATED in 2022 with UPGRADED KITCHEN, BATH, PLUMBING, ELECTRICAL, WINDOWS, AC, and ROOF*You will LOVE the PAVERS at DRIVEWAY and BACK PATIO*LARGE BACK YARD with MATURE FRUIT TREES and ROOM TO PERSONALIZE*Having NO HOA adds FLEXIBILITY for FUTURE USES in this HIGH-DEMAND AREA*COME BY and SEE why YOU WILL WANT to CALL THIS PLACE HOME*
No exterior & parking available.
Grades K-5 • 1.3 mi
Grades 6-8 • 1.4 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 13% |
| Baths | 1.0 | 2.0 | 13% |
| Square foot | 768 | 1,546 | 13% |
| Lot Size | 7,500 | 6,765 | 57% |
| Price | $405.0K | $0 | 61% |
| Price per sq ft | $527 | $0 | 96% |
| Built year | 1957 | 1958 | 48% |
| HOA | $0 | $0 | 50% |
| Days on market | 93 | 2174 | 4% |
Jun 4, 2026
$405,000
$420,000
-4% Price Drop
Initial Listing
May 17, 2026
$420,000
$440,000
-5% Price Drop
Initial Listing
Mar 5, 2026
$440,000
Initial Listing