4517 S GRANDVIEW Avenue, Tempe, AZ 85282, Tempe, 85282 - 5 bed, 3 bath
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Tempe, AZ 85282
This Spacious Renovated Residence is a Strong Value Opportunity, listed at $549,900—positioned well below the $574,215 Fair Market Value by 4%. This valuation gap provides $24,315 in Instant Equity. Boasting a Good Condition Rating, the home features a 2018 renovation with modern tile flooring, fresh 2024 paint, and a private diving pool with new turf. Its rare five-bedroom layout near ASU and Downtown Tempe ensures high utility and rental demand. This asset is perfectly suited for Owner-Occupants seeking a turnkey lifestyle or Buy-and-Hold Investors targeting a high-occupancy submarket.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4517 S GRANDVIEW Avenue Subject | $549,900* List Price | 5 | 3 | 2,148 | $267 | - |
A 4526 S Terrace Road Sold | $525,000 | 4 | 2 | 1,732 | $303 | 1.0 mi |
B 310 E FREMONT Drive Sold | $645,000 | 4 | 2 | 2,565 | $251 | 0.2 mi |
C 710 E LA JOLLA Drive Sold | $580,052 | 5 | 3 | 2,047 | $283 | 0.7 mi |
D 429 E GREENWAY Drive Sold | $689,000 List Price | 6 | 2 | 2,790 | 0.4 mi | |
E 434 E CARSON Drive Sold | $515,000 | 3 | 2 | 1,640 | $314 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and underwent an extensive renovation in 2018, placing it within the 5-15 year renovation window for a 'good' rating. It features modern wood-look tile flooring throughout, updated bathrooms with contemporary marble-style tiling and black hardware, and fresh 2024 interior and exterior paint. While the home was originally built in 1963, the updated systems like the new water heater and well-maintained finishes meet current quality standards with minimal wear.
The property is ideally situated near ASU and Downtown Tempe with quick access to major freeways, making it a highly desirable location for both homeowners and rental investors.
Fully renovated in 2018 with fresh interior and exterior paint in 2024, the home features modern tile flooring throughout and updated systems like a new water heater, offering a move-in-ready experience.
The backyard serves as a private retreat with a diving pool, brand-new low-maintenance turf, and a new RV gate capable of accommodating large vehicles or recreational toys.
Originally built in 1963, the property may possess older underlying plumbing or electrical components that were not fully replaced during the cosmetic and surface-level renovations.
The inclusion of a diving pool increases ongoing utility and maintenance expenses, as well as potential insurance premiums and safety liabilities for families with small children.
Beautifully Renovated 5-Bed/3-Bath Home Near ASU & Downtown Tempe *** Welcome to this spacious 2,148 SF fully renovated home, offering modern updates, generous living space & an unbeatable location near the heart of Tempe with major freeways close by. Renovated in 2018 with thoughtful improvements throughout, this property combines comfort, style, and convenience. The home features durable tile flooring throughout, creating a clean, modern look while keeping maintenance easy. Recent interior and exterior paint give the home a fresh, move-in-ready feel. New RV/pedestrian gate can house all your big toys and a new water heater. Step outside to your private backyard retreat featuring a diving pool, easy to maintain new turf, perfect for relaxing or entertaining during Arizona's sunny days.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 91% |
| Baths | 3.0 | 2.0 | 90% |
| Square foot | 2,148 | 1,763.5 | 78% |
| Lot Size | 8,276 | 8,355 | 49% |
| Price | $549.9K | $404.5K | 77% |
| Price per sq ft | $256 | $251 | 52% |
| Built year | 1963 | 1969 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 2155 | 1% |
Mar 13, 2026
$549,900
Initial Listing