
Tempe, AZ 85282
This Spacious Single-Family Residence is a Strong Value Opportunity, listed at $530,000—positioned well below the $579,699 Fair Market Value by 8%. This valuation gap offers $49,699 in Instant Equity for the buyer. The property is in Good Condition, featuring a brand-new 2025 HVAC system and a masterfully designed outdoor oasis. With no HOA restrictions and a prime location near ASU, it balances financial upside with lifestyle convenience. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3527 S OAK Street Subject | $530,000* List Price | 3 | 2 | 2,172 | $267 | - |
A 1874 E GENEVA Drive Sold | $548,000 | 3 | 2 | 2,336 | $235 | 0.7 mi |
B 3626 S NEWBERRY Road Sold | $449,750 List Price | 4 | 3 | 2,150 | 0.4 mi | |
C 2704 S TERRACE Road Sold | $630,000 | 5 | 2 | 2,024 | $311 | 0.8 mi |
D 1890 E Minton Drive Sold | $569,000 List Price | 4 | 2 | 2,087 | 0.8 mi | |
E 1237 E La Jolla Drive Sold | $505,000 List Price | 3 | 2 | 1,912 | 0.3 mi | |
F 4804 S ELM Street Active | $574,900 List Price | 4 | 2 | 2,012 | $286 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1968, the property is well-maintained and move-in ready with significant recent capital improvements including a brand-new HVAC system (2025), new water heater (2024), and fresh interior/exterior paint. The kitchen and bathrooms feature previous renovations (granite counters, tiled walk-in shower) that appear to be in the 10-15 year age range, fitting the 'Good' criteria for functional, updated living spaces.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9971, living area = 2172.
The property features a brand-new AC system and fresh interior/exterior paint as of 2025, plus a 2024 water heater, offering buyers peace of mind and reduced immediate maintenance costs.
Situated on a large corner lot in the desirable 85282 zip code near ASU, the home offers the rare benefit of no HOA restrictions, providing maximum flexibility for the homeowner.
Built in 1968, the home may have aging underlying systems such as original plumbing or electrical components that could require future investment despite recent mechanical updates.
At 2,172 square feet, the 3-bedroom configuration may be considered a less efficient use of space for larger families compared to modern layouts that typically offer 4 bedrooms in similar square footage.
Experience the perfect blend of sophisticated design and a prime location in the heart of Tempe's 85282 zip code. This exceptional 2,172 sq. ft. residence is situated on a large corner lot, offering a rare ''No HOA'' freedom just minutes from the ASU campus . The interior features a spacious, open-concept layout with wood-beamed ceilings, designer shutters, and two distinct living areas each anchored by a cozy fireplace. The home boasts a Brand-New AC and fresh paint inside and out as of 2025, plus a brand-new dishwasher, with water heater replaced in 2024. The chef's kitchen is the vibrant center of the home, featuring a large breakfast bar and ample storage, perfect for quick morning fuel or hosting weekend gatherings. The primary suite offers a private retreat with a beautifully tiled walk-in shower and direct patio access, while the secondary bedrooms are generously sized, providing ample room. The backyard is a masterfully designed private oasis, complete with a built-in BBQ, bar seating, a custom fire pit, and multiple covered lounges for dining under the stars. Mature shade trees and low-maintenance landscaping create a secluded feel, while the deep two-car garage provides extra workshop space and custom storage. Perfectly positioned near the best dining and shopping in the Valley, and just a short commute to ASU and Kiwanis Park, this is a flagship opportunity to secure a luxury lifestyle in Tempe's most desirable enclave.
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 | 2,172 | 1,669 | 79% |
| Lot Size | 9,971 | 8,357 | 77% |
| Price | $530.0K | $185.8K | 79% |
| Price per sq ft | $244 | $112 | 58% |
| Built year | 1968 | 1970 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 2445 | 2% |
May 11, 2026
$530,000
Initial Listing