2313 E PALMCROFT Drive, Tempe, AZ 85282, Tempe, 85282 - 3 bed, 2 bath
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Tempe, AZ 85282
This High-Potential Investment Opportunity is listed at $500,000, positioned slightly above the $487,100 Fair Market Value by -2%. With a Condition Rating of 4, the property requires modernization of its 1977-era systems and finishes. The Large 7,353 sqft Lot and proximity to Top-Rated Franklin Elementary Schools provide a strong foundation for value-add renovations. This asset is ideal for Buy-and-Hold Investors seeking rental demand or Owner-Occupants looking to build equity through strategic cosmetic updates in a prime Tempe location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2313 E PALMCROFT Drive Subject | $500,000* List Price | 3 | 2 | 1,428 | $341 | - |
A 2236 S EVERGREEN Road Sold | $541,000 | 3 | 2 | 1,450 | $373 | 0.1 mi |
B 1964 E WESLEYAN Drive Sold | $432,000 | 3 | 2 | 1,260 | $343 | 0.9 mi |
C 2414 S Clark Drive Sold | $374,900 List Price | 2 | 2 | 1,414 | 0.7 mi | |
D 2512 S EVERGREEN Road Active | $519,000 List Price | 3 | 2 | 1,308 | $397 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1977 (49 years old), placing it well beyond the 20-year threshold for dated status. While the exterior appears functional and maintained, the age suggests that the kitchen, bathrooms, and major systems (HVAC/Electric) are likely dated or mid-life and will require updates and minor repairs to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7353, living area = 1428.
Elementary School: Franklin at Brimhall Elementary School (9/10).
The property features no association fees, offering homeowners significant monthly savings and the freedom to customize their property without the oversight of a Homeowners Association.
Constructed in 1977, the residence may require capital improvements or modernization of its original systems and finishes to compete with newer or fully renovated homes in the area.
While charter options are strong, the assigned local public schools like Westwood High and Roosevelt Elementary have lower ratings (3/10), which could be a concern for some traditional school district buyers.
Exceptional opportunity in Tempe. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
Grades PK-6 • 0.6 mi
Grades K-6 • 3.4 mi
Grades K-6 • 5.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,428 | - |
| Lot Size | 7,353 | - |
| Price | $500.0K | $562.2K |
| Price per sq ft | $350 | $326 |
| Built year | 1977 | 0 |
| HOA | $0 | $0 |
| Days on market | 56 | 2615 |
May 27, 2026
$500,000
Initial Listing