
Tempe, AZ 85283
This Single Family Residence represents a Strong Value Opportunity, listed at $630,000—positioned well above the $574,373 Fair Market Value by 9%. While the property requires cosmetic updates to its original 1994 finishes, it features a New 2024 HVAC System and a desirable location in the Oasis Anozira Lake community. With a Condition Rating of 4, this home offers a solid foundation for personalization. It is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to build equity through strategic interior modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1873 E MCNAIR Drive Subject | $630,000* List Price | 4 | 3 | 2,138 | $269 | - |
A 1509 E Bell De Mar Drive Sold | $455,000 | 4 | 2 | 1,940 | $235 | 0.7 mi |
B 1885 E DRAKE Drive Pending | $549,000 List Price | 3 | 2 | 1,758 | $312 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The home was built in 1994 (30 years old) and retains its original kitchen and bathroom finishes, including oak cabinetry, white appliances, and dated wallpaper borders. While the property is exceptionally well-maintained and features a new HVAC system installed in 2024, the interior aesthetics are over 20 years old and require updating to meet modern standards.
Located in the sought-after Oasis Anozira subdivision, the property offers premium lifestyle amenities including a community lake and scenic walking paths in a prime Tempe location.
A brand new A/C system installed in January 2024 provides significant value and peace of mind, ensuring energy efficiency and reliable cooling in the Arizona climate.
The primary suite features a private balcony, dual sinks, a soaking tub, and a walk-in closet, offering a high-end retreat within the home's functional 4-bedroom layout.
The assigned middle school currently holds a lower rating (3/10), which may be a consideration for families prioritizing specific academic performance metrics.
At 5,410 square feet, the lot is relatively small for a 2,138 square foot home, which may limit outdoor expansion or large-scale backyard activities.
Welcome to this beautiful 4-bedroom, 2.5-bath home in the desirable CAPISTRANO within Oasis Anozira Lake subdivision! Enjoy a community walking path around the nearby lake and an ideal Tempe location close to freeways, shopping, dining, and entertainment. The open floor plan features a spacious family room, kitchen with island and dining area, plus a formal living/dining room with vaulted ceilings. The primary suite offers private balcony access and a bath with dual sinks, soaking tub, separate shower, private toilet room, and walk-in closet. Enjoy the landscaped backyard with a large grassy area, extended covered patio, and side walkway. Garage includes built-in cabinets. New A/C installed January 2024!
No exterior & parking available.
Grades PK-5 • 0.7 mi
Grades 6-8 • 0.9 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,138 | 1,773.888 |
| Lot Size | 5,410 | 8,245.105 |
| Price | $630.0K | $529.7K |
| Price per sq ft | $295 | $314 |
| Built year | 1994 | 1972 |
| HOA | $92 | $292 |
| Days on market | 16 | 63 |
Aug 24, 2026
$630,000
Initial Listing