3620 S TERRACE Road, Tempe, AZ 85282, Tempe, 85282 - 4 bed, 2 bath
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Tempe, AZ 85282
This Spacious Single Family Residence is a Prime Investment Opportunity, listed at $649,000—positioned well below the $668,527 Fair Market Value by 2%. This valuation gap offers $19,527 in Instant Equity. Featuring a Condition Rating of 3, the home includes a Granite Kitchen, Stainless Steel Appliances, and a Fenced Pool. While school ratings are moderate, the property offers a functional layout with no HOA fees. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready home with immediate upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3620 S TERRACE Road Subject | $640,000* List Price | 4 | 2 | 2,715 | $244 | - |
A 3816 S DORSEY Lane Sold | $490,000 | 4 | 2 | 2,580 | $190 | 0.3 mi |
B 1266 E LA JOLLA Drive Sold | $595,000 | 5 | 2 | 2,199 | $271 | 0.2 mi |
C 429 E GREENWAY Drive Sold | $689,000 List Price | 6 | 2 | 2,790 | 0.6 mi | |
D 506 E ELLIS Drive Sold | $675,000 | 4 | 2 | 2,274 | $297 | 0.8 mi |
E 4526 S Terrace Road Sold | $525,000 | 4 | 2 | 1,732 | $303 | 0.4 mi |
F 1405 E Campus Drive -- Sold | $537,500 | 4 | 3 | 1,778 | $302 | 0.8 mi |
G 1281 E HERMOSA Drive Active | $599,000 List Price | 6 | 3 | 2,302 | $260 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1969 but features a clear mid-term renovation (approx. 5-15 years ago) including granite countertops, stainless steel appliances, and modern wood-look flooring. The property is well-maintained, functional, and move-in ready.
The backyard is perfectly designed for the Arizona climate, featuring a fenced pool, pristine artificial turf, and a covered patio for year-round entertaining.
With 2,715 square feet of living space, this home offers a generous floor plan including a dedicated family room with a fireplace and a large primary suite with dual closets.
The property is located in a community with no association fees, offering homeowners greater financial flexibility and freedom from restrictive neighborhood rules.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
Built in 1969, the property may require more frequent maintenance or future capital improvements to major systems like plumbing and electrical compared to newer builds.
While the elementary school is highly rated, the assigned middle and high schools have average ratings, which may be a consideration for families prioritizing education.
Home, sweet home! This lovely property welcomes you with a 2-car garage, a low-maintenance yard, and an inviting front patio. Discover a serene living room with a soothing palette, blinds, and wood-look flooring. Gather loved ones in the dedicated family room, complete with a cozy fireplace for relaxing evenings with loved ones. The well-appointed kitchen comes with granite counters, ample wood cabinetry, track lighting, a serving window, and sleek stainless steel appliances. The main bedroom has soft carpeting, dual built-in closets with mirrored doors, an ensuite with double sinks, and a walk-in closet. Unwind in the backyard, which offers a covered patio, pristine artificial turf, and a fenced pool for cooling down on hot summer days. Make it yours today!
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 1.7 mi
Grades 9-12 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 2,715 | - |
| Lot Size | 8,146 | - |
| Price | $640.0K | $562.2K |
| Price per sq ft | $236 | $326 |
| Built year | 1969 | 0 |
| HOA | $0 | $0 |
| Days on market | 34 | 2615 |
Jul 17, 2026
$640,000
$649,000
-1% Price Drop
Initial Listing
Jun 18, 2026
$649,000
Initial Listing