2313 E OBREGON Street, Tempe, AZ 85288, Tempe, 85288 - 3 bed, 2 bath
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Tempe, AZ 85288
This Updated Single-Family Residence is a Strong Value Opportunity, listed at $445,000—positioned well below the $466,954 Fair Market Value by 4%. This valuation gap provides $21,954 in Instant Equity for the buyer. The property maintains a Move-In Ready Condition Rating featuring recent interior paint, new doors, and select kitchen upgrades. Its expansive 9,104 sq ft lot and No HOA status offer rare flexibility for outdoor additions in a prime Tempe location near the Loop 101. This is an ideal opportunity for Owner-Occupants building wealth or Buy-and-Hold Investors seeking a high-demand rental asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2313 E OBREGON Street Subject | $435,000* List Price | 3 | 2 | 1,366 | $308 | - |
A 1020 S LEBANON Lane Active | $449,750 List Price | 3 | 2 | 1,360 | $331 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1981 but features significant cosmetic updates including newer herringbone flooring, fresh interior paint, and new doors. While the kitchen and bathrooms are only partially renovated ('select upgraded cabinets'), the property is well-maintained, functional, and move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9104, living area = 1366.
Ideally situated near the Loop 101 with quick access to popular dining and entertainment hubs like Postino Annex and Tempe Beach Park, offering high lifestyle appeal.
The expansive 9,104 sq ft lot provides significant flexibility for outdoor additions like a pool or workshop, all without the restrictions or costs of a homeowners association.
Built in 1981, the property may require upcoming capital expenditures for aging major systems such as the roof or HVAC that are common for homes of this era.
At 1,366 sq ft for a 3-bedroom layout, the interior living spaces may feel somewhat constrained for buyers seeking larger communal areas or expansive primary suites.
Welcome to this 3-bedroom, 2-bath home in the heart of Tempe, offering 1,366 sq ft of comfortable living on an expansive large lot-with no HOA. Ideally located near the Loop 101, this home provides convenient access to shopping, dining, and entertainment. Step inside to an inviting open kitchen layout, perfect for everyday living and entertaining. The home features new interior doors, newer interior paint, and select upgraded kitchen cabinets, giving the space a fresh and updated feel while still offering room to make it your own. The oversized lot offers endless possibilities whether you envision creating an outdoor oasis, adding a pool, or simply enjoying the extra space. Enjoy being just minutes from local favorites like The Chuckbox, Postino Annex, and Culinary Dropout, as well as n as nearby event venues such as Tempe Beach Park and Tempe Center for the Arts. Whether you're a first-time buyer, investor, or looking for a centrally located home with flexibility, this property is a fantastic opportunity in a prime Tempe location.
No exterior & parking available.
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 | 1,366 | 1,383 | 50% |
| Lot Size | 9,104 | 6,020 | 70% |
| Price | $435.0K | $442.5K | 50% |
| Price per sq ft | $318 | $327 | 50% |
| Built year | 1981 | 1961 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 57 | 1567 | 10% |
May 31, 2026
$435,000
$445,000
-2% Price Drop
Initial Listing
Apr 10, 2026
$445,000
Initial Listing