1948 E LOS ARBOLES Drive, Tempe, AZ 85284, Tempe, 85284 - 3 bed, 3 bath
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Tempe, AZ 85284
This Turnkey Single-Family Residence is a Prime Investment Opportunity, listed at $674,990—positioned well below the $693,702 Fair Market Value by 2%. This valuation gap offers $18,712 in Instant Equity. Featuring a resort-style backyard with pool, air-conditioned epoxy garage, and modern interior upgrades, the home maintains an Excellent Condition Rating. Located near top-rated schools like Corona Del Sol, this property balances lifestyle freedom with financial stability. It is an ideal acquisition for Owner-Occupants seeking a move-in-ready sanctuary or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1948 E LOS ARBOLES Drive Subject | $674,990* List Price | 3 | 3 | 1,854 | $364 | - |
A 1962 E RANCH Road Sold | $630,000 | 3 | 2 | 1,999 | $315 | 0.2 mi |
B 1930 E CALLE DE ARCOS Sold | $705,000 | 4 | 2 | 2,312 | $305 | 0.1 mi |
C 1922 E MYRNA Lane Active Under Contract | $649,900 List Price | 3 | 2 | 1,999 | $325 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1985, the property has undergone a comprehensive recent remodel (likely <5 years) featuring an updated kitchen with modern cabinetry and butcher block island, luxury vinyl plank flooring, newer dual-pane windows, and updated HVAC components including a mini-split system. The interior and exterior are in mint, move-in-ready condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9940, living area = 1854.
The property features a resort-style backyard with a pool, RV parking, and no HOA, offering significant lifestyle flexibility and value on a large cul-de-sac lot.
Recent renovations include a remodeled kitchen, luxury vinyl plank flooring, and energy-efficient dual-pane windows, providing a move-in-ready experience with contemporary finishes.
While the elementary and high schools are highly rated, the assigned middle school has a significantly lower rating of 3, which may be a concern for education-focused families.
Built in 1985, the home may require ongoing maintenance or future updates to original mechanical systems and infrastructure not addressed in the recent cosmetic remodel.
This Tempe home is ready for new owners! Situated on a cul-de-sac lot with NO HOA, RV parking, and a resort-style backyard, this property offers the lifestyle and freedom without the price tag. Enjoy a sparkling pool, extended covered patio, an oversized side yard with storage shed, and the best dang tasting orange tree around! Inside you'll find a remodeled 3-bed, 2.5-bath home - with vaulted ceilings, luxury vinyl plank flooring, an updated kitchen, newer dual-pane energy-efficient windows, plus an air-conditioned epoxy garage perfect for hobbies, the man (or woman) cave, or even a home gym. With the best freeway access you can get anywhere in the valley in 30 minutes and only 15 minutes from the Chandler Mall, Tempe Marketplace, and Sky Harbor Airport. Special Financing Available!!
No exterior & parking available.
Grades PK-5 • 1.0 mi
Grades 6-8 • 1.0 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,854 | - |
| Lot Size | 9,940 | - |
| Price | $675.0K | $562.2K |
| Price per sq ft | $364 | $326 |
| Built year | 1985 | 0 |
| HOA | $0 | $0 |
| Days on market | 34 | 2615 |
Jun 18, 2026
$674,990
Initial Listing