3604 S CUTLER Drive, Tempe, AZ 85282, Tempe, 85282 - 3 bed, 1 bath
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Tempe, AZ 85282
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $420,000—positioned well above the $366,870 Fair Market Value by -14%. While priced above market, the property features a Condition Rating of 3 with significant capital improvements, including a 2021 roof and 2019 HVAC. The spacious covered patio and no HOA status enhance its appeal. This home is best suited for Buy-and-Hold Investors or Owner-Occupants prioritizing move-in ready systems over immediate school district performance.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3604 S CUTLER Drive Subject | $420,000* List Price | 3 | 1 | 1,091 | $336 | - |
A 1512 W FAIRMONT Drive Sold | $419,900 List Price | 3 | 2 | 1,347 | 0.5 mi | |
B 3605 S CUTLER Drive Sold | $399,000 | 4 | 3 | 1,376 | $290 | 0.0 mi |
C 4819 S TERRY Lane Sold | $430,000 | 3 | 2 | 1,353 | $318 | 0.7 mi |
D 3111 S EDWARD Drive Pending | $399,900 List Price | 3 | 2 | 1,176 | $340 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the property was built in 1971, it is well-maintained and move-in ready with major systems recently replaced (Roof 2021, HVAC 2019, Water Heater 2018). The kitchen and flooring are functional and clean, though the oak cabinetry and appliances are dated and would eventually require cosmetic updates.
The property features significant recent capital improvements, including a new roof and insulation (2021), a new A/C unit (2019), and a 2018 water heater, minimizing immediate maintenance costs for the buyer.
Situated in central Tempe with close proximity to ASU and Sky Harbor Airport, this home offers excellent accessibility without the restrictions or monthly costs of a Homeowners Association.
The installation of dual-pane windows throughout the home, combined with updated attic insulation, provides enhanced climate control and improved energy efficiency in the Arizona desert climate.
With three bedrooms but only one bathroom, the property may face functional limitations for families or investors looking to maximize rental occupancy.
The assigned elementary, middle, and high schools all carry a rating of 3, which may be a deterrent for families prioritizing high-performing educational districts.
This 3-bedroom, 1-bath home in central Tempe is move-in ready with the big-ticket items already taken care of. Enjoy a full roof and insulation replacement in 2021, a brand-new A/C unit installed in 2019, dual pane windows throughout, a 2018 water heater, fresh interior and exterior paint, and an expanded laundry room with separate entry. No HOA and no flip here, just a well-maintained home with real bones, a spacious covered patio, a large backyard with a new fence, and a new garage door waiting for the right buyer to make it their own. Close to ASU, Sky Harbor, freeways, breweries, gyms, and grocery stores.
No exterior & parking available.
Grades K-5 • 1.7 mi
Grades 6-8 • 1.9 mi
Grades 9-12 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 4% |
| Square foot | 1,091 | 1,655 | 2% |
| Lot Size | 6,111 | 8,355 | 6% |
| Price | $420.0K | $185.8K | 58% |
| Price per sq ft | $385 | $112 | 94% |
| Built year | 1971 | 1970 | 63% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 2445 | 2% |
May 23, 2026
$420,000
Initial Listing