3530 S KACHINA Drive, Tempe, AZ 85282, Tempe, 85282 - 4 bed, 2 bath
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Tempe, AZ 85282
This Value-Add Residential Asset is listed at $550,000, positioned above the $421,537 Fair Market Value. The property carries a Condition Rating of 5, requiring an extensive renovation to address its stripped interior and dated systems. However, the expansive 11,034 sqft lot and 2,429 sqft footprint offer a rare scale near McClintock High School and ASU. With no HOA restrictions, the site is optimized for forced appreciation through a modern open-concept redesign. This is a strategic acquisition for Fix-and-Flip Investors or Contractors looking to unlock value in a central Tempe hub.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3530 S KACHINA Drive Subject | $550,000* List Price | 4 | 2 | 2,429 | $174 | - |
A 3315 S DORSEY Lane Sold | $410,000 | 3 | 2 | 1,832 | $224 | 0.6 mi |
B 1874 E GENEVA Drive Sold | $548,000 | 3 | 2 | 2,336 | $235 | 0.3 mi |
C 1122 E GENEVA Drive Sold | $535,000 | 4 | 2 | 1,924 | $278 | 0.9 mi |
D 3816 S DORSEY Lane Pending | $550,000 List Price | 4 | 2 | 2,580 | $213 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1983 (41 years old) with no evidence of recent renovations. The property requires a full rehab: the kitchen is dated with mismatched appliances, the bathroom vanity shows significant base damage/rot, flooring has been removed in bedrooms, and the listing explicitly markets it as a 'full renovation project' for someone to 'restore'.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11034, living area = 2429.
Ideally positioned minutes from ASU, Sky Harbor Airport, and Old Town Scottsdale, offering exceptional proximity to major employment and entertainment hubs.
The absence of an HOA combined with an expansive 11,034 sqft lot provides maximum flexibility for short-term rentals or significant property modifications.
The property is a full 'fixer-upper' requiring significant restoration and capital investment to address its current condition and realize its full value.
A $550,000 list price for a home needing a total transformation may challenge investor margins once renovation costs are factored into the total acquisition.
Minutes from ASU, Sky Harbor Airport, Tempe Town Lake, Mill Avenue, SkySong, Old Town Scottsdale, and Papago Park--this property truly sits in the center of it all. Positioned on an expansive lot, this single-story home offers over 2,400 square feet with no HOA, making it an exceptional opportunity for investors. With four bedrooms and two bathrooms, the home is primed for transformation. The existing layout provides a strong foundation to reimagine the space, easily opening up walls to create a modern, open-concept design tailored to today's lifestyle. Whether you're considering a long-term rental, short-term rental, or a full renovation project, the potential here is undeniable. This is a rare opportunity for the right buyer to bring new life to a well-located property and unlock its full value. Looking for someone with vision to restore this home to what it was always meant to be.
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades 6-8 • 1.0 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 55% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,429 | 1,763.5 | 89% |
| Lot Size | 11,034 | 8,355 | 86% |
| Price | $550.0K | $412.5K | 77% |
| Price per sq ft | $226 | $251 | 45% |
| Built year | 1983 | 1969 | 97% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 2120 | 1% |
Apr 17, 2026
$550,000
Initial Listing