4625 S RITA Lane, Tempe, AZ 85282, Tempe, 85282 - 3 bed, 2 bath
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Tempe, AZ 85282
This Spacious Traditional Home represents a Strong Value Opportunity, listed at $439,900—positioned well below the $477,497 Fair Market Value by 7%. This valuation gap provides $37,597 in Instant Equity for strategic buyers. Maintaining a Condition Rating of 4, the residence is move-in ready while offering significant upside through cosmetic modernization. Key features include a private in-ground pool, a large 7,789 sqft lot, and No HOA fees, ensuring long-term financial flexibility. Located in a high-demand Tempe corridor, this is an ideal acquisition for Owner-Occupants seeking a value-add sanctuary or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4625 S RITA Lane Subject | $384,900* List Price | 3 | 2 | 1,666 | $238 | - |
A 3315 S DORSEY Lane Sold | $410,000 | 3 | 2 | 1,832 | $224 | 0.7 mi |
B 4616 S Poplar Street Active Under Contract | $484,900 List Price | 3 | 2 | 1,832 | $265 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1971, this 53-year-old property shows signs of partial cosmetic updates such as newer laminate flooring and a neutral paint palette. However, the bathroom features a dated fiberglass surround and the overall architectural style and systems appear to be over 20 years old. While functional and move-in ready, the home is dated and will eventually require minor repairs or modern updates to the kitchen and baths.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7789, living area = 1666.
The property features a sparkling in-ground pool and a covered patio, providing a private backyard oasis perfect for Arizona's climate and year-round entertaining.
With an association fee of $0, this home offers significant long-term savings and freedom from the restrictive rules often found in managed communities.
Built in 1971, the property may necessitate additional inspections or future investments into aging mechanical systems and structural components.
Older homes of this era typically lack the energy-efficient windows, insulation, and smart home integrations found in more contemporary residences.
Welcome to this charming 3-bedroom, 2-bathroom pool home in Tempe! This inviting residence offers a spacious layout featuring a living room, dining room, family room, and a well-appointed kitchen with beautiful countertops and appliances. Enjoy the convenience of an indoor laundry area and comfortable living spaces designed for everyday ease. Step outside to your private backyard oasis complete with a covered patio, storage shed, and a sparkling in-ground pool--perfect for relaxing or entertaining year-round. Additional highlights include an attached two-car garage and a driveway for ample parking. This home offers the ideal blend of comfort, function, and outdoor enjoyment in a great Tempe location.
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 | 1,666 | 1,664 | 50% |
| Lot Size | 7,789 | 8,355 | 37% |
| Price | $384.9K | $185.8K | 52% |
| Price per sq ft | $231 | $112 | 52% |
| Built year | 1971 | 1970 | 63% |
| HOA | $0 | $0 | 50% |
| Days on market | 52 | 2445 | 2% |
May 31, 2026
$384,900
$404,900
-5% Price Drop
Initial Listing
May 17, 2026
$404,900
$419,900
-4% Price Drop
Initial Listing
May 3, 2026
$419,900
$439,900
-5% Price Drop
Initial Listing
Apr 15, 2026
$439,900
Initial Listing