2132 E Tulane Drive, Tempe, AZ 85283, Tempe, 85283 - 3 bed, 2 bath
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2132 E Tulane Drive
Tempe, AZ 85283
ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,647Sq Ft
7,418Lot Size
Property Price
LIST PRICE$495,000
EST. MARKET VALUE
$495,000
SUMMARY
This Turnkey Residential Asset is listed at $525,000—positioned below the $528,661 Fair Market Value by 1%. This stable valuation provides $3,661 in Instant Equity for the incoming buyer. Boasting a Condition Rating of 3, the home features modern granite countertops, updated laminate flooring, and High Available Lot Utilization on a 7,418 sqft lot. The property is professionally managed, offering a seamless transition for buyers. With a diving pool, AZ room, and no HOA fees, it balances financial performance with premium lifestyle perks. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants.
Estimated Market Value
$495,000
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 |
|---|---|---|---|---|---|---|
★ 2132 E Tulane Drive Subject | $495,000* List Price | 3 | 2 | 1,647 | $301 | - |
A 2046 E HARVARD Drive Sold | $540,000 | 3 | 2 | 1,600 | $338 | 0.2 mi |
B 2070 E YALE Drive Sold | $440,000 | 3 | 2 | 1,459 | $302 | 0.2 mi |
C 2023 E CORNELL Drive Sold | $450,000 | 3 | 2 | 1,260 | $357 | 0.3 mi |
D 2030 E Colgate Drive Pending | $530,000 List Price | 3 | 2 | 1,741 | $304 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The property is move-in ready and features significant cosmetic updates, including modern granite countertops and updated laminate flooring in the main living areas. While the 1976 construction is evident in the dated kitchen lighting and older built-in appliances, the overall condition is well-maintained, clean, and marketed as a turnkey investment.
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 = 7418, living area = 1647.
- Turnkey Investment Potential
The property is professionally managed and marketed as a turnkey opportunity, making it an ideal acquisition for investors seeking immediate rental income with minimal setup.
- Premium Outdoor Amenities
The large backyard features a diving pool, an Arizona room, and vegetable planters, offering a high-value outdoor living space that is highly sought after in the Arizona market.
CONSRISKS & DEFICIENCIES
- Vintage Construction
Built in 1976, the property may have aging underlying systems such as plumbing or electrical that could necessitate future maintenance despite recent cosmetic remodeling.
- Carpeted Bedrooms
The use of carpet in all bedrooms may be a drawback for some buyers or renters who prefer consistent hard-surface flooring for easier maintenance and modern aesthetics.
About 2132 E Tulane Drive
Discover this beautifully updated 3bedroom, 2bath home in a prime Tempe location near Baseline and the 101. The spacious floor plan offers both a welcoming living room and a cozy family room with fireplace--perfect for everyday living and entertaining. Recent updates include attractive laminate flooring throughout the main living areas and a new A/C installed in August 2025. Generously sized bedrooms provide plenty of space for family and guests. The washer and dryer are included for added convenience. Enjoy the large backyard oasis with a sparkling pool, versatile Arizona room with direct backyard access, and raised planters ideal for gardening. Conveniently located near shopping, dining, parks, schools and major freeways, this home offers comfort, space, and an ideal setting for families
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1976
- Lot Size
- 7,418 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 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,647 | 1,773.888 |
| Lot Size | 7,418 | 8,245.105 |
| Price | $495.0K | $529.7K |
| Price per sq ft | $301 | $314 |
| Built year | 1976 | 1972 |
| HOA | $0 | $292 |
| Days on market | 188 | 63 |
Pricing History
Listed for Sale
Sep 8, 2026
$495,000
$505,000
-2% Price Drop
Initial Listing
Price Change
Jun 27, 2026
$505,000
$525,000
-4% Price Drop
Initial Listing
Price Change
Mar 6, 2026
$525,000
Initial Listing