2407 S ALLRED Drive, Tempe, AZ 85282, Tempe, 85282 - 4 bed, 2 bath
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Tempe, AZ 85282
This Renovated Single-Family Residence is a High-Potential Investment Opportunity, listed at $679,990—positioned well below the $849,155 Fair Market Value by 19%. This significant valuation gap offers $169,165 in Instant Equity for buyers. Boasting a Condition Rating of 2, the home features a contemporary open-concept kitchen with stone countertops, wood-look flooring, and a private pool. With No HOA and access to the 9/10 rated Franklin Elementary School, this property balances immediate lifestyle luxury with substantial financial upside. It 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 S ALLRED Drive Subject | $679,990* List Price | 4 | 2 | 1,969 | $431 | - |
A 2313 E EL PARQUE Drive Sold | $540,000 | 3 | 2 | 1,493 | $362 | 0.2 mi |
B 2327 E PEBBLE BEACH Drive Sold | $520,000 | 4 | 2 | 1,669 | $312 | 0.9 mi |
C 2236 S EVERGREEN Road Sold | $541,000 | 3 | 2 | 1,450 | $373 | 0.1 mi |
D 2621 S RIVER Drive Sold | $580,000 | 4 | 2 | 2,103 | $276 | 0.5 mi |
E 2637 S HOLBROOK Lane Sold | $575,000 | 3 | 2 | 1,998 | $288 | 0.9 mi |
F 2132 E BROADMOR Drive Pending | $589,000 List Price | 4 | 2 | 1,826 | $323 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1975, the property has undergone an extensive recent renovation that meets modern quality standards. The interior features a contemporary open-concept kitchen with white shaker cabinets, a large contrasting island, stone countertops, and stainless steel appliances. The home also boasts updated wood-look flooring throughout, modern recessed lighting and fixtures, a sleek linear fireplace, and a well-maintained outdoor living space with a pool.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7993, living area = 1969.
Elementary School: Franklin Elementary School (9/10).
Situated in the highly sought-after 85282 zip code, this property offers excellent proximity to Arizona State University, major employment hubs, and convenient freeway access.
The assigned public middle and high schools currently have lower performance ratings, which may be a consideration for families prioritizing top-tier educational districts.
Built in 1975, the home may require updates to major systems or cosmetic renovations to meet modern energy efficiency and design standards.
(Coming Soon...)
No exterior & parking available.
Grades PK-6 • 0.4 mi
Grades K-6 • 3.4 mi
Grades K-6 • 5.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 55% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,969 | 1,763.5 | 64% |
| Lot Size | 7,993 | 8,355 | 36% |
| Price | $680.0K | $404.5K | 92% |
| Price per sq ft | $345 | $251 | 90% |
| Built year | 1975 | 1969 | 86% |
| HOA | $0 | $0 | 50% |
| Days on market | 43 | 2155 | 1% |
Mar 10, 2026
$679,990
Initial Listing