3429 S LOLA Lane, Tempe, AZ 85282, Tempe, 85282 - 3 bed, 2 bath
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Tempe, AZ 85282
This High-Potential Investment Opportunity is listed at a List Price of $650,000, positioned well below the $664,800 Fair Market Value by 2%. This valuation gap provides $14,800 in Instant Equity. With a Condition Rating of 4, the property requires cosmetic modernization, yet features a permitted 3,050 sq ft expansion, a private pool, and a massive 15,329 sq ft lot. This asset is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants seeking to build significant long-term value through strategic renovations.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3429 S LOLA Lane Subject | $629,000* List Price | 3 | 2 | 2,478 | $261 | - |
A 1890 E Minton Drive Sold | $569,000 List Price | 4 | 2 | 2,087 | 0.9 mi | |
B 4045 S TAYLOR Drive Active | $739,900 List Price | 4 | 2 | 2,429 | $305 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1977, the home is over 45 years old and retains many dated aesthetic elements such as vintage wallpaper and older tile flooring. While the property benefits from a new 2-year-old HVAC system and mentioned bathroom updates, the listing explicitly identifies it as a 'canvas for your dream remodel,' indicating it needs modernization to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15329, living area = 2478.
Situated on a massive 15,329 sq ft cul-de-sac lot, the property features a private pool and ample space, offering a rare level of privacy and outdoor potential for the Tempe area.
The home boasts a newer 2-year-old HVAC system and updated bathrooms, providing immediate value and peace of mind on high-ticket maintenance items in the Arizona climate.
Marketed as a 'canvas for a dream remodel,' the property likely requires substantial cosmetic updates to the kitchen and main living areas to reach its full market potential.
There is a notable difference between the recorded 2,478 sq ft and the claimed 3,050 sq ft, which may present challenges during the appraisal or financing process if not fully documented.
Nestled on a quiet cul-de-sac Tempe neighborhood, this home offers the perfect canvas for your dream remodel or personal updates. Building Permit was used to expand bedroom addition, making home 3,050 sq ft. Thoughtfully designed floor plan flows effortlessly through generous living, family, and formal dining spaces - ideal for entertaining at any scale. Brand new 2-year-old HVAC system and updated bathrooms. The private split master suite offers a peaceful retreat, tucked away from the secondary bedrooms for maximum privacy. Step outside and discover your own backyard paradise -a sprawling yard complete with a sparkling pool, perfect for Arizona's sunshine-filled lifestyle. With this much space and potential, opportunities like this don't last long. Don't miss your chance to make it you
No exterior & parking available.
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 | 2,478 | 1,669 | 94% |
| Lot Size | 15,329 | 8,357 | 96% |
| Price | $629.0K | $185.8K | 88% |
| Price per sq ft | $254 | $112 | 60% |
| Built year | 1977 | 1970 | 87% |
| HOA | $0 | $0 | 50% |
| Days on market | 25 | 2445 | 2% |
May 31, 2026
$629,000
$650,000
-3% Price Drop
Initial Listing
May 12, 2026
$650,000
Initial Listing