223 E HARVARD Drive, Tempe, AZ 85283, Tempe, 85283 - 3 bed, 1 bath
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Tempe, AZ 85283
This property presents a High-Potential Investment Opportunity with a List Price of $499,999—positioned well above the $438,623 Fair Market Value by -13%. While the home features a Condition Rating of 3, it offers significant value-add potential through cosmetic updates. Key mechanical upgrades, including a newer 3.5-ton A/C and tankless water heater, reduce immediate capital expenditure. Located in a prime Tempe neighborhood with No HOA, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants looking to build equity in a high-demand area near ASU.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 223 E HARVARD Drive Subject | $499,999* List Price | 3 | 1 | 1,357 | $323 | - |
A 247 E FORDHAM Drive Sold | $449,000 | 3 | 2 | 1,267 | $354 | 0.2 mi |
B 228 E Fordham Circle Sold | $440,000 List Price | 3 | 2 | 1,379 | 0.1 mi | |
C 5838 S JUDD Street Sold | $364,900 | 3 | 2 | 1,238 | $295 | 1.0 mi |
D 708 W CORNELL Drive Sold | $610,000 | 4 | 2 | 1,760 | $347 | 0.9 mi |
E 520 E WATSON Drive Active | $489,000 List Price | 3 | 2 | 1,465 | $334 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1971, the property has undergone significant recent renovations including a modern, high-end kitchen and updated major systems like a newer 3.5-ton HVAC and tankless water heater. It is functional and move-in ready, though the 'partially renovated' status and need for minor cosmetic work prevent an 'excellent' rating.
Situated in a highly desirable Tempe neighborhood near ASU and major freeways, this property offers the significant advantage of no HOA fees or restrictions.
The home features high-value mechanical updates, including a newer 3.5-ton A/C unit and a tankless water heater, reducing immediate capital expenditure for the buyer.
As a partially renovated residence with a spacious backyard, it provides an excellent opportunity for investors or owners to build equity through finishing cosmetic touches.
The 3-bedroom layout is serviced by only one bathroom, which may be a drawback for families and could limit the property's rental or resale appeal.
The property requires additional cosmetic work to be fully finished, which may deter buyers looking for a turnkey, move-in-ready home.
Great opportunity in one of Tempe's most desirable locations! This 3-bedroom, 1-bath home features a beautifully updated kitchen, newer 3.5-ton A/C, tankless water heater, a 1-car garage and NO HOA. With many major updates completed, the remaining cosmetic work offers the perfect opportunity to add value and make it your own. The spacious backyard includes a separately gated area with room for a future pool or expanded outdoor living. Located minutes from ASU, Tempe Marketplace, major freeways, parks, restaurants, and shopping. Ideal for investors, renovators, or buyers looking to build equity in a prime Tempe location.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 1.3 mi
Grades 9-12 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 1,357 | - |
| Lot Size | 6,504 | - |
| Price | $500.0K | $562.2K |
| Price per sq ft | $368 | $326 |
| Built year | 1971 | 0 |
| HOA | $0 | $0 |
| Days on market | 20 | 2615 |
Jul 2, 2026
$499,999
Initial Listing