211 E RHEA Road, Tempe, AZ 85284, Tempe, 85284 - 5 bed, 3 bath
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Tempe, AZ 85284
This Spacious Single-Level Residence is a High-Potential Investment Opportunity with a List Price of $949,000—positioned well below the $1,349,091 Fair Market Value by 29%. This significant valuation gap provides $400,091 in Instant Equity for the incoming buyer. Maintaining a Condition Rating of 3, the home features new A/C units, a diving pool, and an RV gate on a premium cul-de-sac lot. Located in the desirable Warner Ranch community near top-rated schools, it balances immediate lifestyle luxury with massive financial upside. This is an elite acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 211 E RHEA Road Subject | $949,000* List Price | 5 | 3 | 3,297 | $409 | - |
A 104 E PALOMINO Drive Sold | $1,175,000 | 5 | 3 | 3,176 | $370 | 0.3 mi |
B 305 E VERA Lane Sold | $825,000 List Price | 5 | 3 | 3,013 | 0.6 mi | |
C 157 E STACEY Lane Sold | $850,000 List Price | 4 | 3 | 2,681 | 0.6 mi | |
D 8001 S COLLEGE Avenue Sold | $700,000 List Price | 4 | 3 | 2,735 | 0.8 mi | |
E 8938 S FOREST Avenue Sold | $870,000 | 4 | 3 | 2,813 | $309 | 0.1 mi |
F 934 E VERDE Lane Pending | $800,000 List Price | 5 | 3 | 2,991 | $267 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition with several high-value updates, including two new A/C units replaced within the last two years and fresh interior paint. While the 1986 construction is evident in the style of the oak kitchen cabinetry and glass block bathroom features, the kitchen has been modernized with stone countertops and stainless steel appliances. The home is well-maintained with functional systems, plantation shutters, and updated flooring in key areas, meeting the criteria for a well-kept property that does not require immediate renovation.
Offering nearly 3,300 square feet on a single level with five bedrooms, this home provides a rare and highly functional layout that is ideal for large families or those seeking to avoid stairs.
The oversized cul-de-sac lot features a diving pool, above-ground hot tub, and an RV gate, creating a private and versatile space for outdoor entertainment and recreational storage.
With both A/C units replaced within the last two years and fresh interior paint, the property offers immediate peace of mind and reduced near-term maintenance costs for the buyer.
The lush grass and mature landscaping in both the front and backyards require significant water usage and ongoing upkeep, which may be a drawback for those seeking a low-maintenance desert lifestyle.
Despite recent cosmetic updates, the 1986 construction may still feature some original architectural elements or floor plan constraints that feel less open than modern contemporary builds.
Beautifully updated single-level home in the highly desirable Warner Ranch community! This spacious 5-bedroom, 3-bath home offers 3,300 square feet and sits on a generous cul-de-sac lot with mature landscaping and lush grass in both the front and backyard. Recent upgrades include fresh interior paint throughout and two A/C units replaced within the last two years, providing comfort and efficiency. The home features plantation shutters throughout, a water softener, and a 2.5-car garage with plenty of storage space. The backyard is designed for relaxing and entertaining with a larg diving pool, above-ground hot tub, grassy play areas, beautiful mature trees, and a raised backyard fence for added privacy. An RV gate provides convenient access for additional parking or recreational vehicles. Unique interior features include two bedrooms with closet access to finished attic spaces, perfect for kids' play areas, storage, or creative bonus spaces. Located in the sought-after Warner Ranch community, residents enjoy access to two large neighborhood parks, pickleball and tennis courts, basketball courts, playgrounds, soccer fields, and scenic greenbelts. This is a rare opportunity to own a spacious home in one of South Tempe's most established and family-friendly neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 81% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,297 | 2,388 | 86% |
| Lot Size | 13,177 | 9,178 | 78% |
| Price | $949.0K | $360.0K | 83% |
| Price per sq ft | $288 | $204 | 65% |
| Built year | 1986 | 1987 | 43% |
| HOA | $229 | $199 | 70% |
| Days on market | 37 | 2854 | 2% |
Mar 16, 2026
$949,000
Initial Listing