323 E SESAME Street, Tempe, AZ 85283, Tempe, 85283 - 3 bed, 2 bath
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Tempe, AZ 85283
This Turnkey Tempe Residence is a High-Potential Investment Opportunity, listed at $485,000—positioned well below the $493,431 Fair Market Value by 1%. This valuation gap provides $8,431 in Instant Equity. Boasting a Condition Rating of 3, the home features a Private Pool, Covered Patio, and updated finishes. Located near ASU and served by Aguilar School and Marcos De Niza High, it currently operates as a successful short-term rental. This versatile asset is perfect for Short-Term Rental Investors or Owner-Occupants seeking a move-in-ready lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 323 E SESAME Street Subject | $485,000* List Price | 3 | 2 | 1,266 | $390 | - |
A 228 E Fordham Circle Sold | $440,000 List Price | 3 | 2 | 1,379 | 0.3 mi | |
B 6818 S TERRACE Road Sold | $500,000 List Price | 3 | 2 | 1,508 | 0.9 mi | |
C 5632 S JOLLY ROGER Road Sold | $515,000 | 2 | 2 | 1,294 | $398 | 0.8 mi |
D 407 E AUBURN Drive Active | $475,000 List Price | 3 | 2 | 1,328 | $358 | 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 and currently functions as a successful short-term rental. While originally built in 1974, it has been well-maintained with several key updates including modern wood-look flooring, stainless steel appliances, and updated stone countertops in the kitchen and bathrooms. Although some elements like the popcorn ceilings and older cabinet boxes show the home's age, the overall quality of the finishes and the well-kept outdoor pool area meet the criteria for a good condition rating.
Currently operating as a successful Airbnb with a strong track record of bookings and income, this property offers a turnkey opportunity for investors or a flexible, move-in-ready option for owner-occupants.
Conveniently located near Arizona State University, major freeways, and local amenities, the property is positioned in a high-demand area that supports both long-term value and consistent rental interest.
The 6,800 sqft lot features a private pool and covered patio, providing a functional and easy-to-maintain outdoor space that is ideal for entertaining and the Arizona lifestyle.
At 1,266 square feet for a three-bedroom home, the interior living spaces may feel somewhat limited for larger families or those requiring more expansive common areas.
Originally built in 1974, the home may require more frequent maintenance or future updates to major systems typical of a property of this vintage, despite recent cosmetic improvements.
Well-located 3 bed, 2 bath home in Tempe offering a functional layout and move-in-ready condition. The floor plan provides clear separation between living and sleeping areas, with good natural light and updated finishes throughout. Situated on a 6,800 sqft lot, the property features a private pool, covered patio, and usable outdoor space that's easy to maintain and ideal for both everyday living and entertaining. Currently operating as a successful Airbnb with a strong track record of bookings and income, making it a turnkey option for investors or a flexible choice for an owner-occupant. Conveniently located near ASU, major freeways, and Tempe amenities, supporting both long-term value and rental demand.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 1.1 mi
Grades 9-12 • 0.8 mi
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 | 1,266 | 2,044 | 11% |
| Lot Size | 6,686 | 7,941 | 22% |
| Price | $485.0K | $360.0K | 63% |
| Price per sq ft | $383 | $254 | 89% |
| Built year | 1974 | 1978 | 39% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 2104 | 1% |
Apr 3, 2026
$485,000
Initial Listing