1540 E TODD Drive, Tempe, AZ 85283, Tempe, 85283 - 3 bed, 2 bath
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Tempe, AZ 85283
This Single-Family Residence represents a High-Potential Investment Opportunity, listed at $399,900—positioned slightly above the $395,575 Fair Market Value. While the property requires modernization, its Fair Condition Rating is offset by a large 7,880 sq. ft. lot and a functional RV gate, providing significant utility. The home features a newly painted exterior and wood-look flooring, offering a solid foundation for value-add renovations. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers looking to build equity through strategic interior updates.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1540 E TODD Drive Subject | $399,900* List Price | 3 | 2 | 1,068 | $370 | - |
A 1453 E Todd Drive Active | $425,000 List Price | 2 | 2 | 1,032 | $412 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1983 (41 years old). While it has received some recent cosmetic updates such as new wood-look flooring, fresh exterior paint, and a modern renovated shower, the kitchen remains dated with original-style oak cabinetry and laminate countertops. It is functional and move-in ready, but the age of the primary systems and the dated kitchen place it in the fair category requiring further modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7880, living area = 1068.
The absence of an association fee combined with a functional RV gate provides homeowners with significant financial savings and the freedom to store recreational vehicles on-site.
Situated in a highly desirable area near schools, dining, shopping, and major freeways, this property offers excellent accessibility and long-term investment stability.
At 1,068 square feet for a three-bedroom layout, the interior living spaces and bedrooms may feel compact and restrictive for larger families.
The listing suggests a need for 'creative ideas,' indicating that the kitchen and bathrooms may require additional capital investment to modernize them to current market standards.
Great opportunity to own this charming single-level Tempe home! 3 beds, 2 baths, 2-car garage, RV gate, newly painted exterior, and a low-care front yard. The inviting interior features tons of natural light, a neutral palette, wood-look flooring in common areas, and soft carpet in bedrooms. You'll love the seamlessly flowing living & dining room, paired with a vaulted ceiling that adds to the airy feel! The kitchen boasts built-in appliances, wood cabinets, a pantry, and a peninsula w/breakfast bar. The large main bedroom has 2 closets, sliding doors to the back, & a private bathroom. Check out the spacious backyard offering a covered patio! With your creative ideas & room for a pool, you can make it a complete outdoor oasis. Near schools, dining, shopping, & freeways. Don't miss it!
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 | 1,068 | 1,971 | 9% |
| Lot Size | 7,880 | 7,880 | 50% |
| Price | $399.9K | $360.0K | 53% |
| Price per sq ft | $374 | $247 | 85% |
| Built year | 1983 | 1978 | 74% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 2342 | 2% |
May 6, 2026
$399,900
Initial Listing