
Tempe, AZ 85282
This Modernized Mid-Century Residence is listed at $540,000, representing a stable acquisition aligned with its $514,853 Fair Market Value and extensive recent capital improvements. Boasting a Condition Rating of 3, the home features a Renovated PebbleTec Pool, a New HVAC System, and a contemporary kitchen with white shaker cabinetry. The oversized lot and lack of HOA restrictions provide a private sanctuary near ASU and major Tempe employers. This turnkey property is perfectly suited for Owner-Occupants seeking a resort-style lifestyle or Short-Term Rental Investors looking for a high-demand, move-in-ready asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4706 S GRANDVIEW Avenue Subject | $540,000* List Price | 3 | 2 | 1,640 | $314 | - |
A 434 E CARSON Drive Sold | $515,000 | 3 | 2 | 1,640 | $314 | 0.4 mi |
B 4526 S Terrace Road Sold | $525,000 | 4 | 2 | 1,732 | $303 | 1.0 mi |
C 501 E HERMOSA Drive Sold | $539,000 List Price | 3 | 2 | 1,642 | 0.5 mi | |
D 500 E HERMOSA Drive Sold | $580,000 | 3 | 2 | 1,678 | $346 | 0.5 mi |
E 4617 S GRANDVIEW Avenue Active Under Contract | $485,000 List Price | 4 | 2 | 1,590 | $305 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition following an extensive full remodel in 2017 and significant recent capital improvements, including a new HVAC system and a PebbleTec pool renovation in 2022. The kitchen features modern white shaker cabinetry, stone countertops, and stainless steel appliances. The interior boasts consistent wood-look tile flooring, updated lighting, and contemporary ceiling fans. While the home was built in 1965, the major systems and aesthetic finishes have been updated within the 5-to-15-year window specified for a 'good' rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7819, living area = 1640.
The property features significant recent capital improvements, including a new AC system (2022), a heated PebbleTec pool (2022), and updated irrigation (2021), minimizing immediate maintenance costs for the buyer.
With no HOA restrictions and a prime location near ASU, this home offers exceptional flexibility as a high-performing short-term rental, long-term investment, or a move-in ready primary residence.
Built in 1965, the home may still possess certain architectural or structural characteristics typical of its era that even a modern remodel cannot fully transition to a contemporary open-concept feel.
At 1,640 square feet for a three-bedroom layout, the interior living spaces may feel somewhat constrained for larger families or buyers seeking expansive modern room dimensions.
Beautifully updated Tempe home with private pool, modern upgrades, and incredible flexibility for both homeowners and investors. This spacious 3-bedroom, 2-bath property offers approximately 1,640 square feet of living space on a generous lot in a highly convenient Tempe location near ASU, major freeways, shopping, and dining. The home features an open and functional layout with an updated kitchen, upgraded appliances, and comfortable living spaces designed for everyday living or entertaining. Step outside to a private backyard oasis featuring a fully renovated pool with PebbleTec finish and heater (2022)--perfect for relaxing or hosting guests year-round. Major system upgrades provide peace of mind, including a new air conditioning system (2022), new sprinkler electrical and irrigation system (2021), and washer/dryer upgrades. The property also benefited from a full remodel in 2017 including replacement of the main water line, along with the addition of a rear privacy wall creating a quiet and secluded backyard space. With no HOA, strong rental demand, and a flexible layout suitable for both short-term and long-term rentals, this property also presents an outstanding investment opportunity. The home has previously performed exceptionally well as a short-term rental, while the most recent occupants enjoyed it as a full-time family residence--highlighting its versatility and broad appeal. Whether you're looking for a move-in ready primary residence, vacation property, or high-performing investment, this Tempe gem offers location, upgrades, and versatility.
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 | 1,640 | 1,737 | 37% |
| Lot Size | 7,819 | 8,355 | 34% |
| Price | $540.0K | $404.5K | 72% |
| Price per sq ft | $329 | $251 | 87% |
| Built year | 1965 | 1969 | 30% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 2155 | 1% |
Mar 16, 2026
$540,000
Initial Listing