4032 S LEBANON Lane, Tempe, AZ 85282, Tempe, 85282 - 3 bed, 2 bath
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Tempe, AZ 85282
This Move-in Ready Single Family Residence is a Strong Value Opportunity, listed at $449,000—positioned well below the $447,121 Fair Market Value (Note: Marketed at a stable, fair price point). The property features a Condition Rating of 3, offering a functional layout with updated ceramic tile and fresh paint. With an Oversized 11,326 sqft Lot and Two RV Gates, the home provides rare utility for storage or outdoor expansion. This is an ideal acquisition for Owner-Occupants seeking a convenient Tempe location or first-time buyers prioritizing land value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4032 S LEBANON Lane Subject | $449,000* List Price | 3 | 2 | 1,590 | $281 | - |
A 2531 E HUNTINGTON Drive Sold | $500,000 | 3 | 2 | 1,652 | $303 | 0.5 mi |
B 2428 E Cairo Drive Sold | $560,000 | 3 | 2 | 1,762 | $318 | 0.9 mi |
C 1952 E Laguna Drive Sold | $373,000 List Price | 3 | 2 | 1,616 | 1.0 mi | |
D 2072 E DONNER Drive Sold | $431,000 | 4 | 2 | 1,787 | $241 | 0.8 mi |
E 4034 S Birchett Drive Pending | $550,000 List Price | 4 | 2 | 1,714 | $321 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1971 but clearly well-maintained and marketed as move-in ready. The interior features updated ceramic tile flooring and fresh neutral paint. While some elements like the popcorn ceilings and roof-mounted HVAC appear dated, the overall condition suggests a renovation within the 5-15 year range, making it functional and habitable without immediate major repairs.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11326, living area = 1590.
The property features a massive 11,326 sqft lot with two RV gates, providing exceptional space for outdoor entertainment, gardening, or secure storage for recreational vehicles and toys.
Situated near major transit hubs like US-60 and Loop 101, and minutes from ASU and Banner Desert Medical Center, this home offers unbeatable convenience for commuters and professionals.
Built in 1971, the home may require future capital improvements to aging infrastructure or mechanical systems that are typical for a property of this vintage.
At 1,590 sqft, the interior living space is relatively compact compared to the expansive lot size, which may limit appeal for buyers seeking large, modern open-concept floor plans.
Move-in ready 3-bedroom, 2-bath home on an oversized lot with 2 RV gates in a desirable Tempe neighborhood! This well-maintained home offers spacious living areas, abundant natural light, and a functional floor plan perfect for everyday living. The expansive backyard provides plenty of room for entertaining, gardening, play, or storing recreational vehicles and toys. Located in a welcoming community featuring a neighborhood park, playground, and community garden. Enjoy an unbeatable location just minutes from Mesa Community College, Banner Desert Medical Center, Friendship Village, the US-60 and Loop 101, and approximately 20 minutes from Phoenix Sky Harbor International Airport. Shopping, dining, and Arizona State University are all nearby. A wonderful opportunity to own a spacious home with an extra-large lot in one of Tempe's most convenient locations.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,590 | - |
| Lot Size | 11,326 | - |
| Price | $449.0K | $562.2K |
| Price per sq ft | $282 | $326 |
| Built year | 1971 | 0 |
| HOA | $0 | $0 |
| Days on market | 14 | 2615 |
Jul 8, 2026
$449,000
Initial Listing