1509 E Bell De Mar Drive, Tempe, AZ 85283, Tempe, 85283 - 4 bed, 2 bath
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Tempe, AZ 85283
This Strong Value Opportunity is listed at $515,000, positioned above the $481,553 Fair Market Value. While the price reflects a premium, the property offers significant potential as a Value-Add Asset. With a Condition Rating of 4, the home requires cosmetic modernization, allowing for forced appreciation. Its prime location near ASU and major freeways ensures high rental demand. This is an ideal acquisition for Buy-and-Hold Investors or buyers seeking a customizable home in a high-growth Tempe corridor with no HOA restrictions.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1509 E Bell De Mar Drive Subject | $489,000* List Price | 4 | 2 | 1,940 | $243 | - |
A 5624 S CROWS NEST Road Sold | $570,000 | 4 | 2 | 2,310 | $247 | 0.9 mi |
B 6756 S Oak Street Active | $549,900 List Price | 4 | 2 | 1,940 | $283 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1974 (50 years old) and shows no evidence of recent major renovations in the MLS data or images. Interior photos reveal dated elements such as popcorn ceilings, original-style wood cabinetry, laminate countertops, and older vertical blinds. While the home appears clean and functional, it is well beyond the 20-year threshold for modern updates and requires significant cosmetic modernization and likely system (HVAC/Electric) evaluations due to age.
Ideally situated near ASU, major freeways (Loop 101 and US 60), and popular amenities like Trader Joe's, offering exceptional convenience for commuters and students.
The absence of a Homeowners Association provides residents with greater financial flexibility and freedom from restrictive community rules.
Features a spacious 1,940 sqft open-concept layout with a split floor-plan, providing privacy and a modern flow suitable for families.
Built in 1974, the home may require updates to its original systems or cosmetic finishes to meet modern buyer expectations.
While the elementary school is highly rated, the designated middle school has a lower rating, which may be a consideration for education-focused families.
NO HOA!! Huge Reduction!! Great location. The home features an open concept layout with a desirable split floor-plan, 4 bed, 2 bath single-story home in an ideal Tempe location is close to ASU, Great schools, nearby shopping, restaurants, and malls, quick access to freeways that leads to everything in the valley of the sun Easy access to nearby amenities include Trader Joe's & Changing Hands Bookstore (4 blocks),Western Canal walking and bike path (3 blocks) Loop #101 (4 blocks) #60 (1/2 mile) .
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades 6-8 • 1.2 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,940 | - |
| Lot Size | 7,131 | - |
| Price | $489.0K | $562.2K |
| Price per sq ft | $252 | $326 |
| Built year | 1974 | 0 |
| HOA | $0 | $0 |
| Days on market | 68 | 2615 |
Jun 18, 2026
$489,000
$499,999
-2% Price Drop
Initial Listing
May 20, 2026
$499,999
$515,000
-3% Price Drop
Initial Listing
May 15, 2026
$515,000
Initial Listing