213 E MCNAIR Drive, Tempe, AZ 85283, Tempe, 85283 - 4 bed, 2 bath
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Tempe, AZ 85283
This 4-bedroom Single Family Residence presents a High-Potential Investment Opportunity with a List Price of $480,000—positioned well below the $495,717 Fair Market Value by 3%. This valuation gap offers $15,717 in Instant Equity. Featuring a Fair Condition Rating and a New Roof (2023), the property provides a solid foundation for value-add renovations. With No HOA and a generous 8,163 sqft lot, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term wealth through modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 213 E MCNAIR Drive Subject | $480,000* List Price | 4 | 2 | 1,947 | $255 | - |
A 721 E BRENTRUP Drive Pending | $420,000 List Price | 3 | 2 | 1,431 | $294 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1978, the home is over 45 years old and features a largely original interior, including dated wood paneling, popcorn ceilings, and 1970s-style kitchen and bath cabinetry. While the property requires significant cosmetic updates and modernization to meet current standards, it appears well-maintained and functional with a major system upgrade in the form of a new roof installed in 2023.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8163, living area = 1947.
The property features a brand-new roof installed in 2023, providing significant value and peace of mind regarding long-term maintenance costs.
The absence of a Homeowners Association offers owners greater freedom with their property and eliminates the burden of monthly association fees.
Marketed as an 'opportunity' with 'potential,' the home likely requires significant cosmetic or structural updates to bring it up to modern standards.
The assigned elementary and middle schools have relatively low performance ratings, which may be a drawback for families prioritizing high-ranking educational districts.
Opportunity awaits! This 4-bedroom, 2-bath home offers 1,947 square feet of living space and was built in 1978. With no HOA and plenty of potential, it's ready for you to add your personal touch and make it your own. Don't miss this chance to create the home you've always envisioned! New Roof 2023.
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 | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,947 | - |
| Lot Size | 8,163 | - |
| Price | $480.0K | $562.2K |
| Price per sq ft | $247 | $326 |
| Built year | 1978 | 0 |
| HOA | $0 | $0 |
| Days on market | 6 | 2615 |
Jul 16, 2026
$480,000
Initial Listing