
Tempe, AZ 85283
This Spacious Single Family Residence represents a Strong Value Opportunity, listed at $489,000—positioned well above the $450,034 Fair Market Value. While the property carries a Fair Condition Rating, it features significant capital improvements including a newer roof and A/C. The versatile bonus room and NO HOA status provide excellent functional flexibility. Located near Kiwanis Park and local schools, this home balances lifestyle convenience with long-term potential. It is an ideal acquisition for Owner-Occupants seeking a customizable home or Buy-and-Hold Investors targeting the Tempe market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 336 E CORNELL Drive Subject | $479,000* List Price | 3 | 2 | 1,562 | $284 | - |
A 227 E AUBURN Drive Sold | $470,000 | 4 | 2 | 1,519 | $309 | 0.1 mi |
B 5338 S EL CAMINO Drive Sold | $382,500 | 3 | 2 | 1,385 | $276 | 0.3 mi |
C 5619 S CROWS NEST Road Sold | $489,000 | 2 | 2 | 1,282 | $381 | 1.0 mi |
D 1139 E WATSON Drive Sold | $455,000 | 3 | 2 | 1,652 | $275 | 0.7 mi |
E 5824 S COLLEGE Avenue Pending | $419,000 List Price | 3 | 2 | 1,658 | $253 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is 51 years old (built 1973). While it features essential 'Good' category updates like a newer roof, HVAC, and stainless appliances, the interior remains dated with older cabinetry and popcorn ceilings, placing it in the 'Fair' category for needing cosmetic modernization.
The property features a newer roof and A/C system, providing significant peace of mind and reducing the likelihood of major immediate maintenance costs for the buyer.
The lack of HOA fees and restrictions offers homeowners greater freedom and lower monthly carrying costs, while the proximity to Kiwanis Park adds exceptional recreational value.
The inclusion of a spacious bonus room allows for flexible use as a fourth bedroom, home office, or game room, effectively maximizing the home's functional square footage.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1562, other record living area = 1328.
Built in 1973, the home may have aging infrastructure or original systems not covered by recent updates that could require future investment.
The assigned public schools currently carry average ratings (4-5 range), which may be a consideration for families specifically seeking top-tier academic performance scores.
Pride of ownership shines throughout this well-maintained slump block home featuring 3 bedrooms, 2 bathrooms, and a spacious bonus room--perfect as a 4th bedroom, home office, or game room. Recent updates include a newer roof, A/C, stainless steel kitchen appliances, and refreshed front yard landscaping. Enjoy the freedom of NO HOA while being just minutes from Kiwanis Park, offering fishing, sports courts, playgrounds, and endless recreational amenities. Conveniently located near Ken McDonald Golf Course, popular restaurants, shopping, freeway access, and highly rated Tempe schools. A fantastic opportunity in one of Tempe's most desirable locations!
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 |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,562 | 1,773.888 |
| Lot Size | 6,247 | 8,245.105 |
| Price | $479.0K | $529.7K |
| Price per sq ft | $307 | $314 |
| Built year | 1973 | 1972 |
| HOA | $0 | $292 |
| Days on market | 33 | 63 |
Aug 25, 2026
$479,000
$489,000
-2% Price Drop
Initial Listing
Aug 7, 2026
$489,000
Initial Listing