
Tempe, AZ 85283
This Single-Family Residence is a High-Potential Investment Opportunity, listed at $384,900—positioned well below the $389,475 Fair Market Value by 1%. This valuation gap offers $4,575 in Instant Equity. While the property holds a Condition Rating of 4 due to its original finishes, the 7,109 sq ft lot and private patio provide significant room for forced appreciation. Located steps from Wood Elementary School and near top-rated Marcos De Niza High with No HOA fees, it balances lifestyle convenience with financial upside. This is an ideal acquisition for First-Time Homeowners or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5838 S JUDD Street Subject | $384,900* List Price | 3 | 2 | 1,238 | $315 | - |
A 834 W JULIE Drive Sold | $430,000 | 3 | 2 | 1,416 | $304 | 0.2 mi |
B 511 W DENNIS Court Sold | $400,700 | 3 | 2 | 1,296 | $309 | 0.8 mi |
C 31 W DUKE Drive Sold | $360,000 | 3 | 2 | 1,644 | $219 | 0.7 mi |
D 5918 S PARKSIDE Drive Sold | $360,000 | 2 | 1 | 910 | $396 | 0.3 mi |
E 1103 W TULANE Drive Sold | $350,000 | 2 | 1 | 910 | $385 | 0.3 mi |
F 577 W MAGDALENA Drive Active Under Contract | $379,900 List Price | 3 | 2 | 1,238 | $307 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979, the property is aged and shows significant signs of being outdated, particularly in the bathroom which features older cabinetry and fixtures. While the home appears functional and maintained through regular upkeep, it lacks recent renovations or modern cosmetic updates. The exterior landscaping is minimal, and the overall aesthetic reflects its original construction era rather than current market trends.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7109, living area = 1238.
Situated in a desirable Tempe neighborhood with immediate proximity to Wood Elementary School and easy access to major freeways and local amenities.
The absence of a homeowners association offers residents greater financial flexibility and freedom from restrictive community rules.
Built in 1979, the property may require modern cosmetic updates or system upgrades to align with contemporary buyer preferences.
With 1,238 square feet distributed across three bedrooms, the interior layout may feel somewhat confined for larger families or those seeking expansive living areas.
Charming Tempe home offering 1,238 sq ft with 3 bedrooms and 2 bathrooms, situated on a spacious 7,109 sq ft lot. This inviting property features a functional layout with comfortable living areas, a bright kitchen with ample cabinetry, and a private primary suite. The generous backyard provides plenty of space for outdoor entertaining, gardening, or future customization. Conveniently located near shopping and dining, with easy access to major freeways and public services, this home offers comfort, convenience, and a prime Tempe location.
No exterior & parking available.
Grades PK-5 • 0.1 mi
Grades 6-8 • 2.1 mi
Grades 9-12 • 1.8 mi
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 | 1,238 | 2,044 | 10% |
| Lot Size | 7,109 | 7,941 | 24% |
| Price | $384.9K | $360.0K | 52% |
| Price per sq ft | $311 | $254 | 81% |
| Built year | 1979 | 1978 | 51% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 2104 | 1% |
Apr 9, 2026
$384,900
Initial Listing