
Tempe, AZ 85282
This Renovated Single-Family Residence is a High-Potential Investment Opportunity, listed at $514,999—positioned well below the $671,138 Fair Market Value by 23%. This significant valuation gap offers $156,139 in Instant Equity for the incoming buyer. Maintaining a Good Condition Rating, the property features a sparkling pool, new Milgard windows, and a fully replaced sewer line. Located in a prime No HOA Tempe pocket near ASU, it balances immediate lifestyle perks with long-term appreciation. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2407 E HERMOSA Drive Subject | $514,998* List Price | 3 | 2 | 1,498 | $331 | - |
A 2912 S Price Road Sold | $371,600 | 3 | 2 | 1,476 | $252 | 0.7 mi |
B 2459 E PEBBLE BEACH Drive Sold | $449,000 List Price | 3 | 2 | 1,590 | 0.2 mi | |
C 2537 E LA JOLLA Drive Active | $499,950 List Price | 3 | 2 | 1,288 | $388 | 0.2 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, including new luxury vinyl plank flooring, new Milgard windows, and a fully replaced sewer line. The kitchen has been updated with painted cabinetry, new hardware, and modern countertops, and the interior features fresh paint and retextured ceilings. While the 1971 structure and cabinet styles are older, the extensive maintenance and aesthetic updates align with the 'good' category for a well-maintained, renovated home.
Situated in a central Tempe neighborhood with no HOA fees, this property offers exceptional access to ASU, major freeways, and popular shopping hubs like Tempe Marketplace.
The home features significant high-value improvements, including new Milgard windows with a lifetime warranty, luxury vinyl plank flooring, and a fully replaced sewer line.
The backyard is perfectly equipped for the Arizona climate with a sparkling pool, covered patio, and low-maintenance turf in both the front and back yards.
Built in 1971, the interior layout may feel more compartmentalized compared to modern open-concept designs preferred by some contemporary buyers.
At just under 1,500 square feet, the living space may be tight for larger families or those requiring multiple dedicated home office spaces.
Located in a central Tempe neighborhood with NO HOA, this home offers quick access to Arizona State University, major freeways, and everyday destinations like Tempe Marketplace. Dobson Ranch Golf Course, Phoenix Zoo, and Desert Botanical Garden are all within a short drive, along with a wide range of dining and shopping options. The interior includes a long list of major updates. All walls and ceilings have been retextured and painted. New luxury vinyl plank flooring runs throughout the entire home, along with new baseboards. Windows have been replaced with Milgard units that include a limited lifetime warranty. The kitchen has been improved for everyday use with painted cabinets, new hardware, updated countertops, a new sink, garbage disposal, backsplash, vent hood, and stovetop. Outside, the yard is set up for both use and low maintenance. A sparkling pool, covered patio, and turf in front and back for easy care! Major system work has also been completed. The sewer line has been scoped, replaced, and includes a cleanout from the house to the city connection. The combination of location and completed improvements makes this one worth seeing in person.
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 | 1,498 | 1,737 | 23% |
| Lot Size | 6,186 | 8,335.5 | 7% |
| Price | $515.0K | $412.5K | 64% |
| Price per sq ft | $344 | $252 | 90% |
| Built year | 1971 | 1969 | 65% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 2120 | 1% |
Apr 19, 2026
$514,998
$514,999
+0% Price Increase
Initial Listing
Apr 9, 2026
$514,999
Initial Listing