
Tempe, AZ 85288
Analysis of 2327 E VICTORY Drive, Tempe, AZ 85288 is currently available with a list price of $340,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Tempe Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1984 (40 years old). While the home features some newer wood-look tile flooring, the interior remains dated with several unfinished projects, including missing closet doors and baseboards. The kitchen and baths are functional but basic, and the listing explicitly states the property needs TLC and renovation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10991, living area = 1772.
Situated just minutes from ASU and major freeways, this property offers exceptional convenience and high rental or resale demand in a central Tempe hub.
The oversized 10,991 sqft lot with no HOA restrictions provides rare flexibility for adding an ADU, extra parking, or custom outdoor amenities.
The property requires significant TLC and updates, which will necessitate immediate additional capital investment from the buyer.
Given the 1984 build date and stated condition, buyers should anticipate potential costs related to aging systems or structural updates.
Opportunity knocks in the heart of Tempe! This 3-bedroom, 2-bath home offers 1,772 sqft of living space on a generously sized lot with no HOA--giving you the freedom and flexibility you've been looking for. Inside, you'll find a solid layout with great bones, ready for your personal touch. While the home could use some TLC, it presents an incredible chance to customize, renovate, and build equity in a highly desirable area. The expansive lot opens the door to endless possibilities, including room for a potential ADU, additional parking, or creating your dream outdoor space. Located just minutes from ASU, major freeways, shopping, dining, and entertainment, this property combines convenience with long-term upside. Hurry this one won't last!
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 | 1,772 | 1,466.5 | 80% |
| Lot Size | 10,991 | 6,020 | 90% |
| Price | $340.0K | $429.0K | 40% |
| Price per sq ft | $192 | $313 | 40% |
| Built year | 1984 | 1961 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 38 | 1567 | 10% |
Apr 29, 2026
$340,000
Initial Listing