227 E AUBURN Drive, Tempe, AZ 85283, Tempe, 85283 - 4 bed, 2 bath
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Tempe, AZ 85283
This Updated Single-Family Residence is a Strong Value Opportunity, listed at $497,000—positioned well below the $523,443 Fair Market Value by 5%. This valuation gap provides $26,443 in Instant Equity. Boasting a Condition Rating of 3, the home features a brand-new 2025 roof, updated AC, and a private pool. Located walking distance to Kiwanis Park and served by Aguilar Elementary, it offers a turnkey lifestyle with significant capital improvements already completed. This is an ideal acquisition for Owner-Occupants seeking a move-in-ready home or Buy-and-Hold Investors targeting the high-demand Tempe market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 227 E AUBURN Drive Subject | $497,000* List Price | 4 | 2 | 1,519 | $345 | - |
A 228 E Fordham Circle Sold | $440,000 List Price | 3 | 2 | 1,379 | 0.2 mi | |
B 708 W CORNELL Drive Sold | $610,000 | 4 | 2 | 1,760 | $347 | 1.0 mi |
C 409 E PEGASUS Drive Active | $499,000 List Price | 4 | 2 | 1,388 | $360 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition with significant recent capital improvements that exceed standard maintenance for its 1972 build year. Key updates include a brand-new 2025 roof, updated AC unit, new insulation, and updated windows. The interior features a modernized kitchen with butcher block countertops, stainless steel appliances, and updated flooring (laminate and tile) throughout. While the kitchen renovation follows a more functional/industrial style rather than a high-end luxury finish, the home is well-maintained with major systems within their expected lifespan.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7518, living area = 1519.
The property features significant high-value updates including a brand-new 2025 roof, updated AC unit, new attic/wall insulation, and updated windows, offering buyers long-term peace of mind and energy efficiency.
Perfectly situated within walking distance to Kiwanis Park and providing immediate access to the 60, 101, 202, and I-10 freeways, this home offers an unbeatable commute and lifestyle convenience.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Built in 1972, the home may still have original underlying plumbing or electrical components that, while functional, are nearing the end of their typical life cycle compared to newer builds.
The fourth bedroom is a converted bonus space, which may result in a layout or utility that feels less cohesive than the original floor plan, potentially impacting furniture placement or privacy.
Located in the heart of the Tempe Kiwanis Park neighborhood, this charming 3-bedroom, 2-bath plus, converted bonus bedroom, home offers unbeatable convenience in the Phoenix Metro area. Your new home boasts an updated kitchen with reverse osmosis system, custom shelving features, laminate wood and tile flooring throughout, a Whole House Filtersorb Filtration & Conditioning System, fresh interior and exterior paint, updated windows and AC unit, new attic and wall insulation, and a brand-new 2025 roof for added peace of mind. Step outside to enjoy beautiful new outdoor landscaping, a private pool with a new pool filter, garden planters, a storage shed, and a new backyard block wall. Just a short walk to Kiwanis Park and with quick access to the 60, 101, 202, and I-10 freeways, this home beautifully blends everyday comfort, thoughtful updates, and an unbeatable location. Mortgage savings may be available for buyers of this listing.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades 6-8 • 1.2 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,519 | 2,044 | 25% |
| Lot Size | 7,518 | 7,941 | 36% |
| Price | $497.0K | $360.0K | 64% |
| Price per sq ft | $327 | $254 | 83% |
| Built year | 1972 | 1978 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 62 | 2104 | 1% |
Feb 19, 2026
$497,000
Initial Listing
Apr 3, 2020
$312,000
Public Record