416 E PAPAGO Drive, Tempe, AZ 85288, Tempe, 85288 - 3 bed, 2 bath
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Tempe, AZ 85288
This Functional Single-Level Home is a Strong Value Opportunity, listed at $449,900—positioned well below the $492,803 Fair Market Value by 8%. This valuation gap offers $42,903 in Instant Equity for buyers. Maintaining a Condition Rating of 4, the residence features a built-in BBQ station and covered patio in a Prime Tempe Location near ASU and Papago Park. It balances immediate functionality with significant modernization potential. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 416 E PAPAGO Drive Subject | $449,900* List Price | 3 | 2 | 1,536 | $321 | - |
A 123 E CONTINENTAL Drive Sold | $450,000 | 3 | 2 | 1,344 | $335 | 0.4 mi |
B 1637 N BRIDALWREATH Street Sold | $529,600 | 3 | 2 | 1,435 | $369 | 0.7 mi |
C 1243 E SUSAN Lane Sold | $408,000 | 3 | 2 | 1,400 | $291 | 0.9 mi |
D 1421 N LA ROSA Drive Sold | $470,000 List Price | 3 | 2 | 1,828 | 0.6 mi | |
E 436 E BLUEBELL Lane Pending | $580,000 List Price | 3 | 2 | 1,660 | $349 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1961, this home is well-maintained and move-in ready but retains many vintage characteristics. While it features updated laminate flooring and stainless steel kitchen appliances, the cabinetry, tiled breakfast bar, and overall layout show signs of age. It meets the 'fair' criteria as an older home with occasional updates that remains functional but requires further modernization to meet current high-end standards.
Situated in a highly desirable area, this property offers excellent proximity to major freeways, shopping, dining, and local parks, ensuring strong long-term value.
The backyard is a standout feature, boasting a covered patio and a built-in BBQ grilling station, perfect for hosting gatherings or enjoying the Arizona climate.
The home features a practical 3-bedroom, 2-bathroom floor plan with a private primary suite and an inviting living room fireplace, catering to a wide range of buyers.
Built in 1961, the property may require updates to its original systems or cosmetic finishes to meet the expectations of modern homeowners.
The property utilizes a carport rather than a fully enclosed garage, which may be a drawback for buyers seeking maximum vehicle security and climate protection.
Fantastic opportunity to own this charming single-level home in Tempe! Providing 3 beds, 2 baths, carport parking, and a desert mature landscape. Come inside to find an inviting living room paired with a fireplace for chilly nights. The kitchen boasts built-in appliances and cabinetry for ample storage. The main bedroom has outdoor access and a private bathroom for added comfort. Tranquility awaits in the backyard! With a covered patio & built-in BBQ grilling station, you have the perfect spot for relaxing or gathering. Excellent location close to schools, shopping, dining options, parks, and freeways. Don't miss out on this gem!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,536 | 1,400 | 65% |
| Lot Size | 6,277 | 6,787 | 41% |
| Price | $449.9K | $420.0K | 59% |
| Price per sq ft | $293 | $293 | 50% |
| Built year | 1961 | 1961 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 69 | 1985 | 6% |
Feb 12, 2026
$449,900
Initial Listing