
Tempe, AZ 85282
This Mostly Remodeled Dual-Primary Residence represents a strategic value-add opportunity in a prime Tempe cul-de-sac. Listed at $675,000, the property reflects its Fair Condition Rating and significant infrastructure investments, including updated plumbing, electrical, and a tankless water heater. The rare dual-primary layout and open-concept floor plan provide exceptional versatility near ASU and major freeways. While the kitchen and one bathroom require completion, the 9,993 sqft lot and modern foundation offer a clear path to appreciation. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to finish a high-potential asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 409 E HERMOSA Circle Subject | $675,000* List Price | 4 | 3 | 1,869 | $306 | - |
A 506 E ELLIS Drive Sold | $675,000 | 4 | 2 | 2,274 | $297 | 0.5 mi |
B 710 E LA JOLLA Drive Sold | $580,052 | 5 | 3 | 2,047 | $283 | 0.4 mi |
C 1122 E GENEVA Drive Sold | $535,000 | 4 | 2 | 1,924 | $278 | 0.9 mi |
D 1122 E GENEVA Drive Sold | $535,000 | 4 | 2 | 1,834 | $292 | 0.9 mi |
E 1098 E FREMONT Drive Sold | $668,000 | 3 | 2 | 1,648 | $405 | 0.9 mi |
F 921 E CAMPUS Drive Active Under Contract | $475,000 List Price | 4 | 2 | 1,664 | $285 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a 1962 build that is currently mid-renovation. While it features high-quality upgrades such as new LVP flooring, updated electrical and plumbing systems, and a fully modernized primary bathroom, the kitchen and one hall bathroom remain outdated and require completion. Per the listing description and photos, the kitchen still has original cabinetry and older appliances, and the home is not yet fully move-in ready, which aligns with the 'Fair' condition criteria.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9993, living area = 1869.
The rare dual-primary configuration offers exceptional versatility, making it an ideal choice for multi-generational living or high-end guest accommodations.
Significant high-ticket items including updated electrical, underground plumbing, and a tankless water heater have already been completed, reducing future maintenance risks.
The kitchen and one bathroom require full completion, which may deter buyers looking for a move-in ready home and necessitates immediate additional capital.
The unfinished state of the kitchen may present challenges for traditional mortgage financing, potentially limiting the buyer pool to those with cash or construction-ready loans.
Located on a quiet cul-de-sac in Tempe, this mostly remodeled 4-bedroom, 3-bath home offers 1,869 sq ft with a rare dual-primary layout ideal for multi-generational living or private guest space. Major improvements already completed include updated plumbing (including underground), electrical, flooring, lighting, and a tankless water heater. Interior walls were removed to create an open kitchen, family, and living room layout with excellent flow for everyday living and entertaining. The home is largely remodeled but still requires completion of the kitchen and one hall bathroom. Estimates to complete the remodel have been prepared, and virtual renderings of the finished kitchen are included in the photos and documents tab. Convenient location near ASU, shopping, dining, parks, and freeway Situated in a well-established Tempe neighborhood known for larger lots and mature landscaping, this home offers easy access to many of the area's most desirable amenities. Nearby highlights include Arizona State University, Tempe Marketplace, Downtown Tempe, Kiwanis Park and recreation center, multiple golf courses, and an extensive network of walking and biking paths. Residents enjoy quick access to the US-60, Loop 101, and Loop 202, making commuting to Scottsdale, Phoenix Sky Harbor Airport, and the broader Valley convenient. The area is also surrounded by popular local dining, coffee shops, and retail, along with highly regarded Tempe schools and community parks. This central Tempe location continues to see strong buyer demand due to its proximity to employment centers, entertainment districts, and outdoor recreation opportunities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 55% |
| Baths | 3.0 | 2.0 | 90% |
| Square foot | 1,869 | 1,763.5 | 59% |
| Lot Size | 9,993 | 8,357 | 77% |
| Price | $675.0K | $404.5K | 91% |
| Price per sq ft | $361 | $251 | 93% |
| Built year | 1962 | 1969 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 2155 | 1% |
Mar 16, 2026
$675,000
Initial Listing