2124 E Colgate Drive, Tempe, AZ 85283, Tempe, 85283 - 3 bed, 2 bath
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2124 E Colgate Drive
Tempe, AZ 85283
ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,588Sq Ft
7,214Lot Size
Property Price
LIST PRICE$479,999
EST. MARKET VALUE
$471,111
SUMMARY
This 3-bedroom, 2-bathroom single-family residence is a Strong Value Opportunity, listed at $479,999—positioned slightly above the $471,111 Fair Market Value. While the price reflects current market stability, the property features a Condition Rating of 3, bolstered by a 6-year-old roof and HVAC system. With a large 7,214 sqft lot and No HOA restrictions, the home offers significant potential for backyard customization. This property is an ideal acquisition for Owner-Occupants seeking a move-in ready home or first-time buyers looking to build long-term equity.
Estimated Market Value
$471,111
Based on Realkey algorithm analyzing recent comparable sales in Tempe.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2124 E Colgate Drive Subject 3 bd · 2 ba · 1,588 sqft · $297 | $479,999* List Price | 3 | 2 | 1,588 | $297 | - |
A 2046 E HARVARD Drive Sold 3 bd · 2 ba · 1,600 sqft · $338 · 0.1 mi | $540,000 | 3 | 2 | 1,600 | $338 | 0.1 mi |
B 2070 E YALE Drive Sold 3 bd · 2 ba · 1,459 sqft · $302 · 0.3 mi | $440,000 | 3 | 2 | 1,459 | $302 | 0.3 mi |
C 1920 E COLGATE Drive Sold 4 bd · 2 ba · 1,815 sqft · $302 · 0.5 mi | $548,000 | 4 | 2 | 1,815 | $302 | 0.5 mi |
D 1919 E LIBRA Drive Sold 3 bd · 2 ba · 1,564 sqft · $281 · 0.9 mi | $440,000 | 3 | 2 | 1,564 | $281 | 0.9 mi |
E 2023 E CORNELL Drive Sold 3 bd · 2 ba · 1,260 sqft · $357 · 0.3 mi | $450,000 | 3 | 2 | 1,260 | $357 | 0.3 mi |
F 1830 E TULANE Drive Sold 4 bd · 2 ba · 2,004 sqft · $269 · 0.8 mi | $540,000 | 4 | 2 | 2,004 | $269 | 0.8 mi |
G 1822 E TULANE Drive Sold 3 bd · 2 ba · 2,214 sqft · $271 · 0.8 mi | $600,000 | 3 | 2 | 2,214 | $271 | 0.8 mi |
H 2132 E Tulane Drive Active 3 bd · 2 ba · 1,647 sqft · $301 · 0.1 mi | $495,000 List Price | 3 | 2 | 1,647 | $301 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While the home was built in 1977, it is well-maintained and move-in ready. Major systems are in excellent shape with the roof and HVAC only 6 years old. The interior features recent cosmetic 'refreshed' updates to the kitchen and guest bath, along with durable tile flooring throughout, though some dated elements like popcorn ceilings remain.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7214, living area = 1588.
- Updated Major Systems
With both the roof and HVAC system only six years old, the property offers significant value by minimizing the immediate risk of high-cost capital expenditures.
- Strategic Location
Situated in a quiet, family-friendly neighborhood near ASU and Tempe Marketplace, the home provides a perfect balance of residential tranquility and convenient urban access.
CONSRISKS & DEFICIENCIES
- Unfinished Outdoor Space
The backyard is currently a blank canvas, requiring the buyer to invest additional time and capital to develop landscaping, patios, or functional outdoor amenities.
- Partial Interior Updates
While the home features refreshed cabinets and tile, the 'lightly updated' guest bath suggests that further modern renovations may be necessary to meet contemporary aesthetic standards.
About 2124 E Colgate Drive
Welcome to this owner-updated 3 bed, 2 bath home in a quiet, family-friendly Tempe neighborhood. You're close to ASU and Tempe Marketplace, yet tucked away on a calm street. The kitchen features refreshed cabinets, the guest bathroom has been lightly updated and there is tile throughout the home. You'll also love the inside laundry and extra pantry storage. The roof and AC are just 6 years old, so the big-ticket items are covered. The simple front yard keeps upkeep easy, while the backyard is ready for your vision, whether that's a pool, patio, or garden. No HOA means more freedom to make it your own.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1977
- Lot Size
- 7,214 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.3 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,588 | 1,805.798 |
| Lot Size | 7,214 | 8,241.322 |
| Price | $480.0K | $528.2K |
| Price per sq ft | $302 | $306 |
| Built year | 1977 | 1973 |
| HOA | $0 | $297 |
| Days on market | 16 | 66 |
Pricing History
Listed for Sale
Oct 8, 2026
$479,999
Initial Listing