318 S TERRY Circle, Tempe, AZ 85281, Tempe, 85281 - 3 bed, 1 bath
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Tempe, AZ 85281
This Renovated Single-Family Residence represents a Strong Value Opportunity, listed at $410,000—positioned above the $374,824 Fair Market Value. Despite the premium, the property features an Excellent Condition Rating with a modern Granite Kitchen and Fully Owned Solar. The expansive 10,203 sq ft lot provides significant development potential for an ADU, while the proximity to ASU ensures high rental demand. This property balances lifestyle convenience with long-term growth, making it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey home near campus.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 318 S TERRY Circle Subject | $410,000* List Price | 3 | 1 | 912 | $411 | - |
A 1052 W ELNA RAE Street Active Under Contract | $449,999 List Price | 3 | 2 | 1,120 | $402 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1952 build date, the property features a recent high-end renovation (likely <5 years) including a modern kitchen with granite countertops, custom cabinetry, and stainless steel appliances. The inclusion of fully owned solar panels and updated interior finishes like exposed beams and new flooring aligns with the 'Excellent' criteria for recent renovations.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10203, living area = 912.
The property includes fully owned solar panels, providing significant long-term savings on utility bills, which is a premium feature in the Arizona climate.
Situated on an oversized 10,203 sq ft pie-shaped cul-de-sac lot, the property offers rare potential for an ADU or home expansion in a high-demand area.
With three bedrooms but only one bathroom, the layout may be restrictive for families or roommates, potentially requiring additional investment to add a second bath.
At just 912 square feet, the living space is quite compact, which may limit appeal for buyers looking for more spacious common areas or larger bedrooms.
Fully Owned solar, save on summer bills! Remodeled and creative. Lots of land to build on or, add an ADU. The beautifully updated kitchen features custom white cabinetry, granite countertops, a stylish backsplash, and stainless steel appliances. Brand new washer/dryer. Exposed beams add warmth, character, and a cozy feel throughout the home. Situated on a spacious 10,203 sq ft pie-shaped lot at the back of a cul-de-sac, the backyard offers endless possibilities for relaxing, entertaining, or creating your dream outdoor space. Conveniently located near ASU and the free Orbit bus route, providing easy access to campus, the light rail, and downtown Tempe. Close to the airport and freeways for quick access
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 0.7 mi
Grades 9-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 13% |
| Square foot | 912 | 1,546 | 13% |
| Lot Size | 10,203 | 6,765 | 83% |
| Price | $410.0K | $0 | 61% |
| Price per sq ft | $450 | $0 | 96% |
| Built year | 1952 | 1958 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 2174 | 4% |
May 11, 2026
$410,000
Initial Listing