2020 E RICE Drive, Tempe, AZ 85283, Tempe, 85283 - 3 bed, 2 bath
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Tempe, AZ 85283
Analysis of 2020 E RICE Drive, Tempe, AZ 85283 is currently available with a list price of $415,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Tempe Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1974 (50 years old) and explicitly marketed as a 'Fixer Upper' requiring a full remodel. While habitable, the interior shows original or highly dated finishes in the bathrooms, and the seller's preference for cash offers indicates the property likely needs significant rehabilitation and system updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 14741, living area = 1432.
Priced at $415,000 with an estimated after-repair value of $550,000-$600,000, this property offers substantial equity upside for investors or sweat-equity homeowners.
The property features a massive 14,741 sqft lot with a private pool, providing rare outdoor space and privacy that is highly desirable in the Tempe market.
As a designated fixer-upper, the home requires a significant capital investment for a full remodel or ongoing repairs to meet modern market standards.
The seller's preference for cash offers and a fast close may limit the buyer pool by excluding those who rely on traditional FHA, VA, or conventional financing.
Fixer Upper! This Home is located on a HUGE Cul De Sac Lot, with a Pool! 3 Bed 2 Bath Home, possible to move in now and fix up as you go, OR do full remodel now. Tons of room, fixed up homes in area sell in 550-600k range. Amazing Location Centrally Located in Valley near 101 and 60. NO HOA. Seller prefers Cash Offer with Fast Close. Newer Washer, Dryer and Stainless Steel Refrigerator Included.
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 | 1,432 | - |
| Lot Size | 14,741 | - |
| Price | $415.0K | $562.2K |
| Price per sq ft | $290 | $326 |
| Built year | 1974 | 0 |
| HOA | $0 | $0 |
| Days on market | 14 | 2615 |
Jul 8, 2026
$415,000
Initial Listing