5619 S CROWS NEST Road, Tempe, AZ 85283, Tempe, 85283 - 2 bed, 2 bath
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Tempe, AZ 85283
This Single Family Residence presents a High-Potential Investment Opportunity, listed at $515,000—positioned well above the $452,667 Fair Market Value by -13%. While the home requires cosmetic updates to reach its full potential, its Condition Rating of 4 and solid block construction provide a stable foundation. Residents enjoy resort-style amenities at The Lakes, including a junior Olympic pool and tennis courts. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to personalize a well-located home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5619 S CROWS NEST Road Subject | $515,000* List Price | 2 | 2 | 1,282 | $353 | - |
A 1532 E WESTWIND Way Sold | $570,000 | 3 | 2 | 1,612 | $354 | 0.3 mi |
B 1508 E WEATHERVANE Lane Pending | $540,000 List Price | 3 | 2 | 1,631 | $331 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1971, the home is well-maintained and move-in ready but remains largely dated. While it features some updates like dual-pane windows and a newer HVAC unit, the kitchen and bathrooms show signs of age with older cabinetry and tile countertops that would benefit from modernization.
Located in 'The Lakes,' residents benefit from an exceptional clubhouse featuring a heated junior Olympic pool, spa, tennis and pickleball courts, and a full fitness center, offering a resort-style lifestyle.
This well-maintained block-construction home features essential upgrades including dual-pane windows, fresh interior paint, and a fireplace, providing a functional and comfortable foundation for immediate occupancy.
Situated just steps from the water, the property boasts a private backyard with a mature ficus tree and a covered patio off the primary suite, maximizing outdoor comfort and shade in the Arizona climate.
Built in 1971 and marketed as 'ready for your creativity,' the home likely requires modern aesthetic renovations to the kitchen and bathrooms to reach its full market potential.
The assigned middle and high schools have lower-to-average ratings (4 and 5 respectively), which may be a drawback for families prioritizing high-performing educational districts.
Single level steps from the water! This 2 bed + den/2 bath, 1,282 sqft, block construction home has been well-maintained and is a great opportunity, in a fantastic location, and ready for your creativity and personal touch! This move-in ready home features dual pane windows and sliding doors, fireplace, freshly painted throughout, and a private backyard that brings tons of shade from the covered patio off the primary suite and mature ficus tree! Be sure to check out all of the amenities just around the corner at The Lakes Clubhouse which include a heated junior olympic lap pool, heated spa, tennis/pickleball courts, cardio room, fitness room and much more! You'll Love Living in The Lakes!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.9 mi
Grades 6-8 • 0.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 11% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,282 | 1,971 | 13% |
| Lot Size | 5,458 | 7,871 | 8% |
| Price | $515.0K | $360.0K | 64% |
| Price per sq ft | $402 | $247 | 94% |
| Built year | 1971 | 1978 | 6% |
| HOA | $405 | $0 | 98% |
| Days on market | 44 | 2342 | 2% |
Apr 24, 2026
$515,000
Initial Listing