1734 S SHAFER Drive, Tempe, AZ 85281, Tempe, 85281 - 4 bed, 2 bath
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Tempe, AZ 85281
This Hybrid Residential Asset is a High-Potential Investment Opportunity, listed at $559,000—positioned above the $506,384 Fair Market Value by 10%. Despite the premium, the property features a Mint Condition Rating following a comprehensive remodel, including a New Roof, Granite Kitchen, and LVP Flooring. The unique 4th-bedroom studio configuration provides immediate rental versatility near ASU. While school ratings are modest, the property’s turnkey status and proximity to major freeways make it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield rental or modern residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1734 S SHAFER Drive Subject | $549,000* List Price | 4 | 2 | 1,471 | $333 | - |
A 1812 S SHAFER Drive Sold | $456,000 | 3 | 2 | 1,274 | $358 | 0.0 mi |
B 538 W 16TH Street Sold | $500,000 | 3 | 2 | 1,612 | $310 | 0.6 mi |
C 901 W 16TH Street Sold | $425,600 | 3 | 2 | 1,480 | $288 | 0.3 mi |
D 1100 W 9TH Street Sold | $539,000 List Price | 3 | 2 | 1,588 | 0.8 mi | |
E 1351 W 10th Street Sold | $450,000 | 3 | 2 | 1,708 | $263 | 0.7 mi |
F 1100 W 9TH Street Sold | $505,000 List Price | 3 | 2 | 1,588 | 0.8 mi | |
G 1711 S HARDY Drive Active | $510,000 List Price | 4 | 2 | 1,573 | $324 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive recent remodel (likely <5 years) including a new roof, new insulation, and complete updates to the kitchen and bathrooms. With new LVP flooring, stainless steel appliances, granite countertops, and modern backlit mirrors, the home is in mint condition with no immediate maintenance required.
The property features extensive high-end updates including a new roof, new insulation, LVP flooring, and a fully remodeled kitchen with granite countertops and stainless steel appliances, ensuring a move-in-ready experience.
The 4th bedroom is uniquely configured as an ultra-efficiency studio with a Murphy bed and kitchenette, making it an ideal setup for short-term rentals or student housing given its proximity to the ASU campus.
Situated in a prime Tempe neighborhood, the home offers exceptional connectivity with easy access to the I-10, US-60, and Loop 202 freeways, appealing to both commuters and university-affiliated residents.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1471, other record living area = 1274.
With 119 days on the market, the property has exceeded typical turnover times for the area, which may lead to buyer perception of overpricing or decreased market momentum.
The assigned elementary, middle, and high schools all carry a rating of 3/10, which may deter families prioritizing public education and could impact future resale value to that demographic.
Extremely cute remodeled 4 bedroom, 2 bathroom home with 1 car carport! 4th bedroom is arranged as an ultra-efficiency studio with murphy bed, microwave & refrigerator! Kitchen is gorgeous with white cabinetry, backsplash, new stainless steel appliances including fridge & granite countertops! All new LVP flooring throughout! New interior & exteior multi-tone paint! Bathrooms are beautiful with new tub in hall bath & new tile surround in primary shower, new vanities & back-lighted mirrors! New lighting fixtures! New roof! New insulation! New french doors lead to a huge covered patio! New front & backyard landscaping including artificial turf! Jacuzzi! RV gate! Super close to ASU Campus! Amazing neighborhood!! Easy Access to I-10, I-60 and the 202! Great potential for rental or AIRBNB!
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades 6-8 • 0.6 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,471 | - |
| Lot Size | 6,207 | - |
| Price | $549.0K | $562.2K |
| Price per sq ft | $373 | $326 |
| Built year | 1959 | 0 |
| HOA | $0 | $0 |
| Days on market | 145 | 2615 |
Jul 8, 2026
$549,000
$559,000
-2% Price Drop
Initial Listing
Feb 27, 2026
$559,000
Initial Listing