
Tempe, AZ 85282
This Spacious Single-Family Residence represents a High-Potential Investment Opportunity, listed at $750,000—positioned slightly above the $730,840 Fair Market Value. While the price reflects a premium, the property offers significant upside through its 12,114 sq ft lot and 3,260 sq ft floor plan. With a Fair Condition Rating, the home features a brand-new 2026 roof and updated quartz kitchen, providing a solid foundation for value-add renovations. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a prime location near ASU.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 343 E BROADMOR Drive Subject | $750,000* List Price | 5 | 3 | 3,260 | $224 | - |
A 1014 E BALBOA Circle Active | $589,000 List Price | 4 | 3 | 2,750 | $214 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a 1960s build that presents a mix of recent maintenance and significant dating. While it features a brand-new roof (2026), new quartz kitchen countertops, and fresh paint/carpet in some areas, the bathrooms remain in original, dated condition with vintage fixtures and wallpaper. The kitchen cabinets and appliances are also aged, placing the home in the 'Fair' category as it is functional but requires cosmetic and system updates to meet modern standards.
Situated just one mile from Arizona State University in an established neighborhood with no HOA fees, this property offers exceptional convenience and flexibility for both owner-occupants and investors.
With 3,260 square feet of living space and five bedrooms on a massive 12,114 square foot lot, this home provides a rare scale and functional layout that is difficult to find in the Tempe market.
The property features a brand-new roof (2026), updated quartz kitchen countertops, and a modernized primary suite, significantly reducing immediate maintenance concerns for the buyer.
While key areas are updated, three bedrooms remain a 'blank canvas' requiring new flooring and paint, which may deter buyers looking for a fully turn-key residence.
The assigned high school carries a rating of 3, which could be a drawback for families prioritizing high-performing secondary education districts.
One mile from ASU, zero HOA, and sitting on a 12,114 square foot lot - this is the kind of combination investors and homeowners alike search for and rarely find. This 5-bedroom, 3,260-square-foot home built in 1960 offers space to spread out, with a stone fireplace anchoring the family room, an oversized great room, a separate front living room, and a dedicated dining room, giving the layout several distinct areas to live, work, and entertain in rather than one open footprint. The primary bedroom and split bedroom have already been updated, paired with new quartz kitchen countertops and a brand-new 2026 roof, so the major-ticket items are handled. The remaining three bedrooms are ready for new flooring and paint, offering room to customize finishes to your own taste or add value through further updates. A 110 square foot walk-in pantry adds a level of storage that's uncommon in a home of this era. Outside, mature landscaping and a covered patio complete the 2-car garage lot. Located minutes from ASU, shopping, dining, and major freeway access, this is a rare no-HOA opportunity in a location where proximity to campus consistently drives strong demand.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 1.8 mi
Grades 9-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 3,260 | - |
| Lot Size | 12,114 | - |
| Price | $750.0K | $562.2K |
| Price per sq ft | $230 | $326 |
| Built year | 1960 | 0 |
| HOA | $0 | $0 |
| Days on market | 21 | 2615 |
Jul 1, 2026
$750,000
Initial Listing