2332 E RIVIERA Drive, Tempe, AZ 85282, Tempe, 85282 - 3 bed, 2 bath
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Tempe, AZ 85282
This Turnkey Single Family Residence presents a Prime Investment Opportunity, listed at $480,000—positioned well below the $489,979 Fair Market Value by 2%. This valuation gap offers $9,979 in Instant Equity. Featuring a Mint Condition Rating, the home boasts a Gourmet Granite Kitchen, new flooring, and a Private Spa. With $0 HOA fees and an insulated workshop, this property offers exceptional utility. It is an ideal acquisition for Owner-Occupants seeking a move-in ready lifestyle or Buy-and-Hold Investors prioritizing low-maintenance assets.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2332 E RIVIERA Drive Subject | $480,000* List Price | 3 | 2 | 1,642 | $298 | - |
A 2531 E HUNTINGTON Drive Sold | $500,000 | 3 | 2 | 1,652 | $303 | 0.5 mi |
B 1952 E Laguna Drive Sold | $373,000 List Price | 3 | 2 | 1,616 | 0.8 mi | |
C 2428 E Cairo Drive Sold | $560,000 | 3 | 2 | 1,762 | $318 | 0.8 mi |
D 2459 E LA JOLLA Drive Pending | $535,000 List Price | 3 | 2 | 1,590 | $336 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1971, the property has undergone a comprehensive recent renovation (likely <5 years) featuring new faux wood tile flooring, fresh interior/exterior paint, and a gourmet kitchen with granite counters and stainless steel appliances. With a new primary shower, new Arcadia doors, and updated electrical in the workshop, the home is in mint, move-in ready condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7601, living area = 1642.
The home features significant recent improvements including new faux wood tile flooring, fresh interior and exterior paint, and a remodeled gourmet kitchen with granite countertops and stainless steel appliances.
The backyard is a standout feature with a screened patio and spa, a new paver patio, and a rare insulated workshop equipped with electrical, offering excellent utility and relaxation space.
Originally built in 1971, the property may have aging underlying mechanical, plumbing, or electrical systems that could require future maintenance despite the modern cosmetic finishes.
At 1,642 square feet, the interior layout may feel somewhat restrictive for buyers seeking larger communal areas or more expansive bedroom sizes typical of higher price points.
The search is finally over! This lovely home welcomes you with so many upgrades! The beautiful lush entry welcomes you to enjoy the inviting courtyard. New faux wood tiled floors, fresh interior and exterior paint, new 8' Arcadia door, new gas fireplace log system can be swapped out for glass. The gourmet kitchen features granite counters, wood cabinetry, recessed lighting, a tile backsplash, stainless steel appliances, and a peninsula breakfast bar. The primary bedroom includes a private bathroom with a new shower. Relax in the screened patio enjoying the spa . The backyard offers a covered patio, an insulated workshop with electrical, new paver patio and lush grass. Make this gem yours today!
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 | 1,642 | - |
| Lot Size | 7,601 | - |
| Price | $480.0K | $562.2K |
| Price per sq ft | $292 | $326 |
| Built year | 1971 | 0 |
| HOA | $0 | $0 |
| Days on market | 11 | 2615 |
Jul 11, 2026
$480,000
Initial Listing