4627 S HANNA Drive, Tempe, AZ 85282, Tempe, 85282 - 3 bed, 2 bath
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Tempe, AZ 85282
This property presents a High-Potential Investment Opportunity with a List Price of $365,000—positioned well below the $341,627 Fair Market Value by -6%. While the home carries a Condition Rating of 5, the aging infrastructure and dated interior offer a clear path for value-add renovations. Located in a prime Tempe corridor near Arizona State University, this asset benefits from high rental demand and no HOA restrictions. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers capable of executing a strategic renovation plan.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4627 S HANNA Drive Subject | $365,000* List Price | 3 | 2 | 1,258 | $272 | - |
A 2613 W FREMONT Drive Active | $330,000 List Price | 3 | 2 | 1,258 | $262 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1976 (48 years old) with no mention of recent renovations to major systems. The interior shows dated popcorn ceilings and basic tile, while the exterior landscaping is neglected, suggesting the property requires significant rehab to meet modern standards.
The property is ideally situated near Arizona State University and high-performing school districts, offering excellent access to top-tier education, dining, and entertainment.
Listed at $365,000, this home provides a rare and affordable opportunity to enter the Tempe real estate market, making it highly attractive to first-time buyers and investors.
With an association fee of zero, homeowners enjoy increased financial savings and the freedom to customize their property without the oversight of a homeowners association.
Built in 1976, the property may require significant capital improvements or updates to major systems like HVAC, roofing, and plumbing to meet modern standards.
At 1,258 square feet, the interior space is relatively compact for a three-bedroom home, which may limit appeal for families seeking larger communal areas or spacious bedrooms.
In the beautiful city of Tempe, surrounded by amazing restaurants and entertainment, could be the next family house for your kids. With amazing school districts who are focused on giving your kids, the best education they can. Next to the amazing college known as Arizona State University. This three bedrooms, two bathrooms house has everything you need and everything you would want. For only 365k for an amazing home in the great city of Tempe.
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 | 1,258 | - |
| Lot Size | 6,813 | - |
| Price | $365.0K | $562.2K |
| Price per sq ft | $290 | $326 |
| Built year | 1976 | 0 |
| HOA | $0 | $0 |
| Days on market | 37 | 2615 |
Jun 16, 2026
$365,000
Initial Listing