3235 S ALLRED Drive, Tempe, AZ 85282, Tempe, 85282 - 6 bed, 3 bath
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Tempe, AZ 85282
This Multi-Generational Residential Compound is a High-Potential Investment Opportunity, listed at $775,000—positioned well below the $1,099,973 Fair Market Value by 29%. This significant valuation gap provides $324,973 in Instant Equity. Boasting an Excellent Condition Rating following extensive renovations, the property features a detached 2-bedroom guest house with separate SRP metering and a resurfaced Pebble Tec pool on a rare 16,448 sqft lot. With access to the 9/10 rated Franklin Elementary, it is a premier choice for Owner-Occupants seeking rental income or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3235 S ALLRED Drive Subject | $775,000* List Price | 6 | 3 | 2,470 | $445 | - |
A 2153 E GOLF Avenue Sold | $955,000 | 5 | 2 | 2,439 | $392 | 0.5 mi |
B 2908 S GEORGE Drive Active | $695,000 List Price | 4 | 2 | 1,866 | $372 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1971, the property has undergone an extensive recent renovation within the last 5 years, bringing it up to modern standards. The interior features a fully renovated kitchen with waterfall-edge quartz countertops and stainless steel appliances, updated bathrooms with contemporary fixtures, and new flooring throughout. Major structural and system updates include new roofs on both the main and guest houses, a new AC unit for the back house, and a resurfaced Pebble Tec pool, making it a turnkey, move-in ready home with no deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16448, living area = 2470.
Elementary School: Franklin Elementary School (9/10).
The property includes a fully detached 2-bedroom, 1-bathroom back house with its own kitchen, laundry, and separate SRP metering, perfect for rental income or extended family.
The assigned neighborhood public schools currently have lower performance ratings, which may be a drawback for families prioritizing top-tier educational districts.
While heavily remodeled, the main structure dates back to 1971, which may mean some original underlying plumbing or electrical components remain despite the modern cosmetic updates.
RARE FIND! This beautifully remodeled home is truly move-in ready and has been thoughtfully updated throughout. The main home offers 4 bedrooms plus an office and 2 bathrooms with updated showers, a renovated kitchen, new countertops, and new flooring. The backyard features a newly resurfaced Pebble Tec pool, perfect for enjoying the summer! The detached back house includes 2 bedrooms, 1 bathroom, a full kitchen, and its own laundry room. With separate SRP metering this home is ideal for multi-generational living or added income. New roofs on both homes and a new AC in the back house, this home shows pride in homeownership and is ready for its next owner.
No exterior & parking available.
Grades PK-6 • 0.4 mi
Grades K-6 • 3.3 mi
Grades K-6 • 5.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 96% |
| Baths | 3.0 | 2.0 | 90% |
| Square foot | 2,470 | 1,669 | 94% |
| Lot Size | 16,448 | 8,357 | 96% |
| Price | $775.0K | $185.8K | 96% |
| Price per sq ft | $314 | $112 | 77% |
| Built year | 1971 | 1970 | 63% |
| HOA | $0 | $0 | 50% |
| Days on market | 68 | 2446 | 2% |
Mar 31, 2026
$775,000
Initial Listing