16 E RICE Drive, Tempe, AZ 85283, Tempe, 85283 - 3 bed, 2 bath
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16 E RICE Drive
Tempe, AZ 85283
ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
1,915Sq Ft
15,629Lot Size
Property Price
LIST PRICE$699,000
EST. MARKET VALUE
$641,354
8% AboveMARKET VALUE
SUMMARY
This Renovated Single-Family Residence is a Strong Value Opportunity, listed at $710,000—positioned well above the $644,821 Fair Market Value by -10%. Despite the premium, the property features an Excellent Condition Rating with a high-end Granite Kitchen and a rare 2.5-car detached workshop on a massive 1/3-acre lot. With no HOA and proximity to ASU and Kiwanis Park, this home offers a premium lifestyle for Owner-Occupants and first-time buyers seeking a move-in-ready sanctuary in a prime Tempe location.
Estimated Market Value
$641,354
Based on Realkey algorithm analyzing recent comparable sales in Tempe.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1973, the home has undergone a comprehensive high-end renovation within the last 5 years. The kitchen and bathrooms are fully remodeled with modern finishes like granite countertops, KitchenAid appliances, and custom tile work. The interior features updated wood-look flooring and recessed lighting, putting the property in mint, move-in-ready condition.
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 = 15629, living area = 1915.
- High-End Renovations
The property features a fully remodeled kitchen with premium KitchenAid appliances, an oversized granite island, and a luxurious primary suite, offering a modern living experience in an established neighborhood.
- Expansive Lot & Versatile Workshop
Sitting on over a third of an acre with no HOA, the home includes a rare 2.5-car detached workshop with electric hookups and an RV gate, providing exceptional space for hobbies and storage.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1915, other record living area = 1802.
- Aged Infrastructure
Built in 1973, the home may have older underlying plumbing or electrical systems that could require more maintenance compared to newer constructions, despite the surface-level renovations.
- Moderate School Ratings
The local public schools assigned to this address carry average ratings (4 to 5 out of 10), which may be a drawback for families specifically seeking top-tier educational districts.
About 16 E RICE Drive
**Seller is offering a $10,000 concession! ** Beautifully renovated 3-bedroom, 2-bath home with NO HOA in a fantastic Tempe location sitting on over 1/3 of an acre! The remodeled kitchen features an oversized granite island, white cabinetry, stainless steel KitchenAid appliances, gas range, farmhouse-style sink, and custom tile backsplash. Enjoy wood-look flooring, recessed lighting, spacious living areas, and a generous primary suite with a walk-in closet, dual vanities, and a large walk-in shower. Ideally located just 10 minutes from ASU and 2 minutes from Kiwanis Park, with easy access to shopping, dining, entertainment, and major freeways and 15 minutes from the Sky Harbor Airport! Includes a 2.5-car detached workshop with electric hookups in the backyard, along with an RV gate!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1973
- Lot Size
- 15,629 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
Tempe Unified Schools
Aguilar School
Grades K-5 • 0.5 mi
4/10
Fees College Preparatory Middle School
Grades 6-8 • 1.5 mi
4/10
Marcos De Niza High School
Grades 9-12 • 1.3 mi
5/10
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 | 1,915 | 1,773.888 |
| Lot Size | 15,629 | 8,245.105 |
| Price | $699.0K | $529.7K |
| Price per sq ft | $365 | $314 |
| Built year | 1973 | 1972 |
| HOA | $0 | $292 |
| Days on market | 22 | 63 |
Pricing History
Listed for Sale
Aug 28, 2026
$699,000
$710,000
-2% Price Drop
Initial Listing
Price Change
Aug 18, 2026
$710,000
Initial Listing