1723 N PALM Drive, Tempe, AZ 85288, Tempe, 85288 - 4 bed, 3 bath
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Tempe, AZ 85288
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $849,999—positioned well below the $853,038 Fair Market Value by 0.36%. This property offers $3,039 in Instant Equity. Featuring a Mint Condition Rating with a fully remodeled kitchen, new roof, and windows, the home includes a detached 350 sq ft casita for rental income and a unique indoor rock climbing wall. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a modern, flexible living space.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1723 N PALM Drive Subject | $799,900* List Price | 4 | 3 | 2,502 | $332 | - |
A 1920 N CAVALIER Drive Sold | $670,000 | 3 | 3 | 1,780 | $376 | 0.1 mi |
B 405 E MARNY Road Pending | $779,900 List Price | 4 | 3 | 2,444 | $319 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive recent renovation including a fully remodeled kitchen and bathrooms, new flooring, a new roof, and new windows. The interior features modern finishes, updated lighting, and new mini-split HVAC systems, meeting the criteria for a mint-condition, move-in ready home with no immediate maintenance needed.
The detached 350 sq ft casita provides exceptional versatility for short-term or long-term rental income, or as a private multi-generational living space.
The property features significant capital improvements including a new roof, new windows, and fully remodeled kitchen and bathrooms, minimizing immediate move-in costs.
Ideally situated between Old Town Scottsdale and ASU, this location offers high desirability for both owner-occupants and investors seeking proximity to major hubs.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2502, other record living area = 2152. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The backyard is currently a 'blank canvas' requiring additional investment for turf and final landscaping touches to complete the outdoor living space.
The indoor rock climbing wall in the sunroom is a highly specialized feature that may require removal or modification for buyers seeking a traditional flex space.
Rare North Tempe opportunity in a prime HOA community ideally located between Old Town Scottsdale & ASU. The 2,152 sq ft main home features a fully remodeled kitchen & baths plus new flooring, roof & windows throughout. A detached 350 sq ft casita adds strong rental income potential -- perfect for STR or long-term tenants. The standout feature: a built-in indoor rock climbing wall that creates a true flex space for fitness, play or entertaining guests. Out back, a private hot tub anchors a yard ready for turf & landscaping; make it your own! Backyard is a blank Canvas, giving buyers the chance to design the backyard exactly how they want it. A rare combination of location function & upside in 1 of Tempe's most desirable spots!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 70% |
| Baths | 3.0 | 2.0 | 60% |
| Square foot | 2,502 | 1,466.5 | 90% |
| Lot Size | 8,429 | 6,020 | 70% |
| Price | $799.9K | $502.0K | 70% |
| Price per sq ft | $320 | $327 | 50% |
| Built year | 1984 | 1961 | 80% |
| HOA | $123 | $0 | 90% |
| Days on market | 24 | 1566 | 10% |
May 27, 2026
$799,900
$849,999
-6% Price Drop
Initial Listing
May 13, 2026
$849,999
Initial Listing