
Tempe, AZ 85283
This Prime Investment Opportunity is listed at a List Price of $535,000—positioned well below the $547,554 Fair Market Value by 2%. This valuation gap provides $12,554 in Instant Equity. Featuring a Condition Rating of 2, the home is move-in ready with a renovated kitchen and a private pool. Located in the desirable Lakes community, it offers a balanced lifestyle near local schools. This property is an ideal acquisition for Owner-Occupants seeking immediate comfort or first-time buyers prioritizing a turnkey, well-maintained residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1635 E Windjammer Way Subject 3 bd · 2 ba · 1,631 sqft · $336 | $535,000* List Price | 3 | 2 | 1,631 | $336 | - |
A 1920 E COLGATE Drive Sold 4 bd · 2 ba · 1,815 sqft · $302 · 0.4 mi | $548,000 | 4 | 2 | 1,815 | $302 | 0.4 mi |
B 1225 E HARBOR VIEW Drive Sold 4 bd · 2 ba · 1,920 sqft · $362 · 0.4 mi | $695,000 | 4 | 2 | 1,920 | $362 | 0.4 mi |
C 2046 E HARVARD Drive Sold 3 bd · 2 ba · 1,600 sqft · $338 · 0.8 mi | $540,000 | 3 | 2 | 1,600 | $338 | 0.8 mi |
D 2070 E YALE Drive Sold 3 bd · 2 ba · 1,459 sqft · $302 · 0.9 mi | $440,000 | 3 | 2 | 1,459 | $302 | 0.9 mi |
E 1544 E Driftwood Drive Sold 3 bd · 2 ba · 1,620 sqft · $318 · 0.2 mi | $515,000 | 3 | 2 | 1,620 | $318 | 0.2 mi |
F 2023 E CORNELL Drive Sold 3 bd · 2 ba · 1,260 sqft · $357 · 0.8 mi | $450,000 | 3 | 2 | 1,260 | $357 | 0.8 mi |
G 1830 E TULANE Drive Sold 4 bd · 2 ba · 2,004 sqft · $269 · 0.2 mi | $540,000 | 4 | 2 | 2,004 | $269 | 0.2 mi |
H 1139 E WATSON Drive Sold 3 bd · 2 ba · 1,652 sqft · $275 · 0.7 mi | $455,000 | 3 | 2 | 1,652 | $275 | 0.7 mi |
I 1534 E SOUTHSHORE Drive Active 3 bd · 2 ba · 1,620 sqft · $336 · 0.3 mi | $545,000 List Price | 3 | 2 | 1,620 | $336 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1973, the property has undergone a comprehensive recent renovation (likely within the last 5 years). It features a modern kitchen with updated cabinetry, stone countertops, and a contemporary backsplash, along with new carpet, wood-look tile flooring, and updated fixtures throughout, making it move-in ready with no immediate maintenance required.
Located in the sought-after 'The Lakes' community, residents enjoy a unique lifestyle with access to scenic lakes, mature landscaping, a fitness center, and community pools.
The home features a thoughtfully updated kitchen and new carpeting throughout, providing a modern and welcoming interior that reduces the need for immediate post-purchase improvements.
The property includes a private backyard pool, a highly valued feature in the Tempe market for cooling off and entertaining during the warm Arizona months.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6877, other record lot size in square feet = 6774.
Originally built in 1973, the property may have aging underlying systems such as plumbing or electrical that could require more maintenance than a newer construction.
The assigned middle and high schools have ratings of 4 and 5 respectively, which may be a drawback for families prioritizing top-tier academic performance in their home search.
Beautifully renovated and thoughtfully updated, this home is nestled in the desirable Lakes community of Tempe. Featuring an updated kitchen, new carpet, and updates throughout, the home offers a comfortable, welcoming feel. The backyard is ready to enjoy with a private pool, perfect for relaxing, spending time with family, or gathering with friends. The Lakes offers a unique neighborhood setting with scenic lakes, mature landscaping, and community amenities including a pool and fitness center. Enjoy a well-maintained home in a community that offers a little something special, all while being conveniently located near shopping, dining, and freeway access.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.7 mi
Grades 6-8 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.3 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,631 | 1,805.798 |
| Lot Size | 6,877 | 8,241.322 |
| Price | $535.0K | $528.2K |
| Price per sq ft | $328 | $306 |
| Built year | 1973 | 1973 |
| HOA | $405 | $297 |
| Days on market | 4 | 66 |
Oct 20, 2026
$535,000
Initial Listing