218 E SUNBURST Lane, Tempe, AZ 85284, Tempe, 85284 - 4 bed, 3 bath
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Tempe, AZ 85284
This Spacious Traditional Home is a Prime Investment Opportunity, listed at $665,000—positioned well below the $681,109 Fair Market Value by 2%. This valuation gap offers $16,109 in Instant Equity. Featuring a Condition Rating of 4, the home offers a modernized Granite Kitchen and mountain views, while allowing for cosmetic updates to boost long-term value. Despite mixed school ratings, the large 10,620 sqft lot provides significant utility. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 218 E SUNBURST Lane Subject | $665,000* List Price | 4 | 3 | 2,438 | $279 | - |
A 8096 S STEPHANIE Lane Sold | $736,800 | 4 | 3 | 2,628 | $280 | 0.7 mi |
B 7825 S KENNETH Place Sold | $470,000 List Price | 4 | 2 | 2,405 | 0.8 mi | |
C 8781 S MILL Avenue Sold | $800,000 | 5 | 3 | 2,388 | $335 | 1.0 mi |
D 1231 E SUNBURST Lane Active | $785,000 List Price | 4 | 2 | 2,455 | $320 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1997, the property is over 20 years old. While the kitchen has been refreshed with granite countertops and stainless steel appliances, the bathrooms and fixtures (such as the gold-tone hardware in the powder room) remain dated to the original construction era, fitting the criteria for a well-maintained but dated home needing minor updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10620, living area = 2438.
Situated on a quiet cul-de-sac with a generous 10,620 sqft lot, the property offers rare mountain views and an expansive backyard, providing both privacy and scenic value.
The home boasts a sophisticated interior with rich wood flooring, soaring ceilings, and a modernized kitchen featuring granite countertops and stainless steel appliances.
While the elementary and high schools are well-rated, the assigned middle school has a significantly lower rating (3/10), which may deter education-conscious families.
The $1,000 association fee represents a substantial recurring carrying cost that may impact the overall affordability for some buyers.
Fall in love with this beautiful two-story home nestled in a quiet cul-de-sac! Explore the thoughtfully designed layout, boasting rich wood flooring, tile in high-traffic areas, soaring ceilings for a feeling of openness, plenty of natural light, and a soothing palette that makes you want to stay. The impeccable kitchen features abundant cabinetry for ample storage, granite countertops with a matching backsplash, SS appliances, and an island, perfect for midnight snacks. The primary retreat hosts a practical walk-in closet and a spa-like bathroom with double sinks and a separate shower & tub, plus sliding doors to the patio. The expansive backyard includes a covered patio perfect for relaxing with your favorite drink, and plenty of space for outdoor fun. Truly a must-see!
No exterior & parking available.
Grades PK-5 • 0.9 mi
Grades 6-8 • 0.9 mi
Grades 9-12 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 2.0 | 51% |
| Square foot | 2,438 | 2,301 | 60% |
| Lot Size | 10,620 | 8,686 | 64% |
| Price | $665.0K | $350.0K | 69% |
| Price per sq ft | $273 | $111 | 58% |
| Built year | 1997 | 1988 | 87% |
| HOA | $1000 | $160 | 98% |
| Days on market | 3 | 2597 | 2% |
Jun 3, 2026
$665,000
Initial Listing