2136 E COLGATE Drive, Tempe, AZ 85283, Tempe, 85283 - 3 bed, 2 bath
Loading property details...
Tempe, AZ 85283
This Spacious Mid-Century Ranch is a Strong Value Opportunity listed at $450,000, which aligns closely with its $447,316 Fair Market Value. Boasting a Condition Rating of 4, the 1,848 square foot interior serves as a prime Value-Add canvas for modern updates to increase future equity. The property’s No HOA status and Exceptional Market Velocity—moving to contract in just two days—underscore the intense demand for this Tempe submarket. This residence is a strategic acquisition for Owner-Occupants looking to build wealth or Buy-and-Hold Investors seeking a stable, low-overhead asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2136 E COLGATE Drive Subject | $450,000* List Price | 3 | 2 | 1,848 | $242 | - |
A 2041 E RADCLIFFE Drive Sold | $426,500 | 3 | 2 | 1,652 | $258 | 0.2 mi |
B 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.
Property is moderate renovation needed.
Built in 1976, this 50-year-old property appears well-maintained from the exterior with a functional roof and structure. However, given the age and lack of recent renovation data, the kitchen, baths, and internal systems are likely dated (>20 years) and require cosmetic and mechanical updates to meet modern standards.
The property is located in a community with no association fees, offering homeowners greater financial freedom and autonomy over their property without restrictive CC&Rs.
Moving to 'Active Under Contract' status in just two days indicates extremely high demand for this specific location and property type within the Tempe market.
With 1,848 square feet of living space, this 3-bedroom home offers a more spacious interior footprint than many competing mid-century ranch-style homes in the area.
Built in 1976, the property may require significant updates to major systems such as electrical, plumbing, or HVAC to meet modern efficiency and safety standards.
The rapid transition to 'Under Contract' status creates a high barrier to entry for new interest, leaving little room for negotiation or traditional inspection periods for late-coming buyers.
Exceptional opportunity in Tempe. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,848 | 1,971 | 49% |
| Lot Size | 7,209 | 7,871 | 32% |
| Price | $450.0K | $360.0K | 60% |
| Price per sq ft | $244 | $244 | 50% |
| Built year | 1976 | 1978 | 43% |
| HOA | $0 | $0 | 50% |
| Days on market | 34 | 2342 | 2% |
May 4, 2026
$450,000
Initial Listing