
Tempe, AZ 85288
This Fully Remodeled Single-Family Residence is a Strong Value Opportunity, listed at $360,000—positioned well below the $377,842 Fair Market Value by 4%. This valuation gap provides $17,842 in Instant Equity. Boasting an Excellent Condition Rating following a 2022 renovation of the roof, HVAC, and kitchen, the home features a spacious patio and a large lot with No HOA. Its proximity to Arizona State University and major freeways ensures high demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey asset in a prime Tempe corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2235 E VICTORY Drive Subject | $360,000* List Price | 3 | 2 | 1,210 | $312 | - |
A 2313 E OBREGON Street Active | $445,000 List Price | 3 | 2 | 1,366 | $326 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property qualifies for an excellent rating due to an extensive renovation completed in 2022, which is well within the 5-year threshold for major updates. The remodel included critical high-ticket items such as a new roof, HVAC system, and water heater. Interior images confirm modern aesthetic upgrades, including a redesigned kitchen with butcher block countertops, updated bathrooms with contemporary vanities and fixtures, and consistent large-format tile flooring throughout. The home presents as move-in ready with no deferred maintenance visible.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7841, living area = 1210.
Situated in the heart of Tempe near ASU, Tempe Marketplace, and major freeways (101, 202, and US-60), this property offers unbeatable convenience for commuters and students alike.
A comprehensive 2022 remodel included high-ticket items such as a new roof, HVAC system, and water heater, significantly reducing immediate maintenance concerns for a new owner.
At 1,210 square feet for a three-bedroom home, the interior layout may feel somewhat restrictive for families or buyers accustomed to more expansive modern floor plans.
While the interior is updated, the 1981 construction may still reflect older architectural standards, such as standard ceiling heights and smaller secondary bedrooms compared to newer builds.
Positioned on a spacious corner lot in the heart of Tempe, this fully remodeled 3-bedroom, 2-bath home offers the perfect blend of modern comfort, prime location, and long-term value. Originally transformed in 2022 with major upgrades including the roof, HVAC system, water heater, and a beautifully redesigned kitchen, this home delivers the peace of mind today's buyers crave with the style they desire. Inside, you'll find a light-filled, open layout with clean finishes and a functional flow that supports both everyday living and effortless entertaining. What truly sets this property apart is its unbeatable location--just minutes from Arizona State University, Tempe Marketplace, and major freeway access to the 101, 202, and US-60--placing everything from dining and entertainment to employment hubs right at your fingertips. Whether you're heading to campus, commuting across the Valley, or enjoying a night out, convenience is built into your lifestyle here. For investors, the opportunity is equally compelling. Previously rented at $2,150 per month, this property presents an immediate income-producing option in one of the Valley's most consistently in-demand rental corridors. For first-time buyers, it offers an affordable entry point into homeownership without sacrificing location or upgrades--something increasingly rare in today's market. Set within an established Tempe neighborhood with access to nearby light rail and public transportation, this home combines accessibility, flexibility, and long-term upside. Whether you're looking to build wealth, simplify your lifestyle, or secure a foothold in one of Arizona's most dynamic areas, this is the kind of opportunity that doesn't sit still for long.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,210 | - |
| Lot Size | 7,841 | - |
| Price | $360.0K | $562.2K |
| Price per sq ft | $298 | $326 |
| Built year | 1981 | 0 |
| HOA | $0 | $0 |
| Days on market | 104 | 2615 |
Apr 9, 2026
$360,000
Initial Listing