
Tempe, AZ 85283
This property presents a High-Potential Investment Opportunity with a List Price of $385,000—positioned well above the $347,337 Fair Market Value by -10%. While the home requires a full rehab due to its Fair Condition Rating, the large 7,414 sqft lot and prime location near Kiwanis Park and ASU offer significant upside. This value-add asset is ideal for Fix-and-Flip Investors or first-time buyers looking to build equity through strategic renovations in a high-demand Tempe neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5338 S EL CAMINO Drive Subject | $385,000* List Price | 3 | 2 | 1,385 | $251 | - |
A 6003 S COLLEGE Avenue Sold | $325,000 List Price | 3 | 2 | 1,267 | 0.5 mi | |
B 6204 S COLLEGE Avenue Active Under Contract | $459,000 List Price | 3 | 2 | 1,554 | $295 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1972 (52 years old) and appears to be in mostly original condition. The kitchen features dated flat-panel cabinetry and an old electric coil cooktop, while the interior retains popcorn ceilings and louvered closet doors. Given the age and lack of significant renovations to major systems or aesthetics, the home requires a full rehab to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7414, living area = 1385.
Situated just steps from Kiwanis Park and minutes from ASU and major freeways, this property offers exceptional convenience for students, professionals, and investors.
Priced attractively with solid block construction, the home provides a significant opportunity to build equity through cosmetic updates in a neighborhood with higher-priced renovated sales.
Built in 1972, the home likely requires modernization of fixtures and finishes to meet contemporary aesthetic standards and maximize its market value.
The assigned public schools carry average ratings (4-5 out of 10), which may be a consideration for families prioritizing top-tier educational districts.
Terrific Tempe opportunity located just steps from Kiwanis Park and only minutes from ASU, shopping, dining, and convenient freeway access. This solid block construction home offers 3 bedrooms, 2 bathrooms, and the kind of location that makes homeownership in Tempe so desirable. Situated on an interior lot with excellent curb appeal, this well-maintained property provides the perfect opportunity for first-time buyers looking to build equity over time. Tile flooring throughout, abundant natural light, and a functional floor plan create a comfortable living environment from day one, while still allowing plenty of room to personalize and update to your own style. The surrounding neighborhood features numerous renovated homes selling for substantially higher prices, making this an excellent value for buyers seeking long-term upside. Whether you're looking for your first home, a property for a college student attending ASU, or an investment in one of Tempe's most sought-after locations, this home checks all the boxes. Rarely does a home with this combination of location, condition, and future potential become available at such an attractive price point. Don't miss your chance to make it your own.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 1.2 mi
Grades 9-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,385 | - |
| Lot Size | 7,414 | - |
| Price | $385.0K | $562.2K |
| Price per sq ft | $278 | $326 |
| Built year | 1972 | 0 |
| HOA | $0 | $0 |
| Days on market | 18 | 2615 |
Jul 4, 2026
$385,000
Initial Listing