2205 W DESIREE Lane, Tempe, AZ 85282, Tempe, 85282 - 3 bed, 2 bath
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Tempe, AZ 85282
This High-Potential Investment Asset is listed at $405,000, aligning with its $405,000 Fair Market Value. As a High-Potential Investment Opportunity, the value lies in significant upside through forced appreciation. The property carries a Poor Condition Rating and is sold as-is, requiring rehabilitation to reach its potential. Featuring a massive 8,533 sqft lot and No HOA, the site offers rare flexibility near Frank Elementary, Gililland Middle, and Tempe High. This project is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a high-demand Value-Add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2205 W DESIREE Lane Subject | $405,000* List Price | 3 | 2 | 1,326 | $305 | - |
A 2611 W ELLIS Drive Sold | $385,000 | 3 | 2 | 1,463 | $263 | 0.4 mi |
B 4921 S POTTER Drive Sold | $400,000 | 3 | 2 | 1,440 | $278 | 0.3 mi |
C 4921 S POTTER Drive Sold | $400,000 | 3 | 2 | 1,440 | $278 | 0.3 mi |
D 4921 S POTTER Drive Sold | $400,000 | 3 | 2 | 1,436 | $279 | 0.3 mi |
E 4819 S TERRY Lane Sold | $430,000 | 3 | 2 | 1,353 | $318 | 1.0 mi |
F 1512 W FAIRMONT Drive Sold | $419,900 List Price | 3 | 2 | 1,347 | 1.0 mi | |
G 4650 S PARKSIDE Drive Pending | $459,000 List Price | 3 | 2 | 1,360 | $338 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1975 and marketed specifically as an 'investor opportunity,' this property is sold as-is and requires substantial rehabilitation. The exterior shows neglected landscaping with significant weed growth, and the listing description explicitly notes the need for immediate updates and repairs to bring the home to its full potential, indicating it is likely not in move-in condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8533, living area = 1326.
Situated in a central Tempe neighborhood, the property offers excellent proximity to major freeways, shopping centers, and dining, making it highly desirable for commuters and renters.
As an investor-focused opportunity, this home provides significant upside through renovation, allowing a buyer to build equity and modernize the space to current market standards.
The property is being sold in its current state and requires immediate updates and repairs, which will necessitate additional capital investment beyond the purchase price.
The assigned public schools currently hold lower performance ratings, which may be a consideration for families prioritizing educational rankings in their home search.
Investor opportunity in a prime Tempe location! This 3 bed, 2.5 bath home is centrally located and close to shopping, dining, and major freeways. The property offers strong potential for renovation and value-add, making it an ideal investment or remodel project. Sold as-is and ready for updates to bring it to its full potential.
No exterior & parking available.
Grades PK-5 • 1.1 mi
Grades 6-8 • 2.5 mi
Grades 9-12 • 2.5 mi
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 | 1,326 | 1,737 | 3% |
| Lot Size | 8,533 | 8,357 | 59% |
| Price | $405.0K | $402.0K | 50% |
| Price per sq ft | $305 | $251 | 70% |
| Built year | 1975 | 1969 | 86% |
| HOA | $0 | $0 | 50% |
| Days on market | 104 | 2155 | 1% |
Jan 8, 2026
$405,000
Initial Listing