4627 S HANNA Drive, Tempe, AZ 85282, Tempe, 85282 - 3 bed, 2 bath
Loading property details...
Tempe, AZ 85282
This 3-Bedroom Investor-Grade Residence represents a strategic value-add project in a prime Tempe location. Listed at $335,000, the asset is positioned relative to a $268,475 Fair Market Value, reflecting its current Condition Rating of 5 and the necessity for an Extensive Renovation. The property offers a private setting with No HOA Restrictions, ensuring long-term flexibility and high rental demand. With comparable area sales reaching $425,500, this acquisition provides a competitive entry point and significant forced appreciation potential for Fix-and-Flip Investors or Buy-and-Hold Investors seeking to build equity through a comprehensive remodel.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4627 S HANNA Drive Subject | $335,000* List Price | 3 | 2 | 1,258 | $213 | - |
A 3605 S CUTLER Drive Sold | $399,000 | 4 | 3 | 1,376 | $290 | 0.9 mi |
B 1145 W CARSON Drive Sold | $425,500 | 2 | 2 | 1,379 | $309 | 0.9 mi |
C 3623 S CUTLER Drive Pending | $349,900 List Price | 3 | 2 | 1,260 | $278 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1976 (48 years old) with no evidence of recent renovations. The listing explicitly targets investors for a remodel, and interior photos show popcorn ceilings, significant wall wear, and dated finishes, indicating the property needs a full rehab.
Situated in a highly desirable area of Tempe, this property offers a private single-family setting that provides a quiet alternative to the surrounding high-density townhouse developments.
Priced competitively at $335,000, this home serves as an ideal entry point for investors or renovation-minded buyers looking to build equity through a custom remodel.
With an association fee of $0, homeowners enjoy increased monthly affordability and the freedom to manage and improve their property without the oversight of a homeowners association.
The property is positioned as a fixer-upper, implying that it requires substantial capital investment and labor to bring it up to modern living standards.
Built in 1976, the home likely features aged systems and components that may necessitate costly updates to the electrical, plumbing, or HVAC systems during the remodeling process.
This house is an amazing house for investors who want to remodel to their own liking and want a great deal. Located in one of the best spots in Tempe, it has everything nearby. For people who want their own privacy in a neighborhood full of crowded townhouses. Having 3 Bedrooms and 2-Baths makes it amazing for big families who want their kids to have their own room.
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 | 1,258 | 1,655 | 2% |
| Lot Size | 6,813 | 8,355 | 13% |
| Price | $335.0K | $167.5K | 50% |
| Price per sq ft | $266 | $112 | 62% |
| Built year | 1976 | 1970 | 87% |
| HOA | $0 | $0 | 50% |
| Days on market | 57 | 2445 | 2% |
Apr 10, 2026
$335,000
Initial Listing