1882 E ELLIS Drive, Tempe, AZ 85282, Tempe, 85282 - 3 bed, 2 bath
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Tempe, AZ 85282
This Turnkey Single Family Residence represents a Strong Value Opportunity, listed at $434,900—positioned above the $407,303 Fair Market Value by 6%. While priced slightly above market, the property’s Condition Rating of 3 and recent upgrades, including a Granite Kitchen and fresh interior finishes, ensure immediate livability. The No HOA status and proximity to ASU provide long-term rental stability and lifestyle convenience. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance, move-in ready home in a high-demand Tempe location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1882 E ELLIS Drive Subject | $434,900* List Price | 3 | 2 | 1,346 | $303 | - |
A 4423 S NEWBERRY Road Sold | $399,900 | 3 | 2 | 1,396 | $286 | 0.9 mi |
B 4810 S ELM Street Sold | $440,000 | 4 | 2 | 1,590 | $277 | 0.5 mi |
C 4625 S RITA Lane Sold | $410,000 | 3 | 2 | 1,666 | $246 | 0.9 mi |
D 2072 E DONNER Drive Sold | $431,000 | 4 | 2 | 1,787 | $241 | 0.5 mi |
E 1952 E Laguna Drive Sold | $373,000 List Price | 3 | 2 | 1,616 | 0.7 mi | |
F 4723 S COUNTRY CLUB Way Pending | $495,900 List Price | 3 | 2 | 1,407 | $352 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1971, the property is well-maintained and move-in ready with a renovated kitchen featuring granite countertops and updated cabinetry (likely 5-15 years old). Recent cosmetic updates including fresh interior paint and brand-new carpet elevate the condition above 'Fair' despite the home's chronological age.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8795, living area = 1346.
Situated near Arizona State University and major commuter routes, this property offers exceptional convenience for students, faculty, and professionals, enhancing its rental and resale potential.
The absence of a Homeowners Association provides owners with greater property freedom and eliminates monthly fees, significantly improving long-term affordability and investment yield.
Built in 1971, the property may require future capital expenditures for aging systems such as plumbing, electrical, or insulation to meet modern efficiency standards.
With 1,346 square feet of living area, the home's footprint is relatively modest, which may be a constraint for larger families or those requiring extensive home office space.
Move-in ready 3-bedroom, 2-bathroom home offering 1,346 square feet of comfortable living space in a convenient location close to ASU. Fresh interior paint and brand-new carpet create a bright, welcoming atmosphere, while the functional floor plan provides spacious living areas and well-sized bedrooms. The low-maintenance desert landscaping adds curb appeal and makes outdoor upkeep easy, giving you more time to enjoy your home. Whether you're a first-time homebuyer, looking to downsize, or seeking an excellent investment opportunity, this property offers comfort, convenience, and a desirable location just minutes from Arizona State University, shopping, dining, and major commuter routes. NO HOA!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,346 | - |
| Lot Size | 8,795 | - |
| Price | $434.9K | $562.2K |
| Price per sq ft | $323 | $326 |
| Built year | 1971 | 0 |
| HOA | $0 | $0 |
| Days on market | 29 | 2615 |
Jun 23, 2026
$434,900
Initial Listing