5921 S ALDER Drive, Tempe, AZ 85283, Tempe, 85283 - 5 bed, 2 bath
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Tempe, AZ 85283
This Turnkey Single Family Residence is a High-Potential Investment Opportunity, listed at $719,000—positioned well below the $751,651 Fair Market Value by 4%. This valuation gap offers $32,651 in Instant Equity. Featuring a 2022 Remodel, Diving Pool, and Climate-Controlled Workspace, the property maintains a Condition Rating of 2. Its expansive lot and versatile outbuildings provide significant utility. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready home with immediate financial upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5921 S ALDER Drive Subject | $719,000* List Price | 5 | 2 | 2,450 | $307 | - |
A 1893 E VAUGHN Street Sold | $680,000 List Price | 4 | 3 | 2,636 | 0.5 mi | |
B 5807 S ALDER Drive Sold | $750,000 | 4 | 3 | 2,450 | $306 | 0.2 mi |
C 1823 E CORNELL Drive Sold | $724,999 | 4 | 2 | 2,360 | $307 | 0.3 mi |
D 1849 E WATSON Drive Sold | $540,000 | 4 | 2 | 1,971 | $274 | 0.2 mi |
E 5802 S STANLEY Place Sold | $732,000 | 5 | 2 | 2,558 | $286 | 0.7 mi |
F 1916 E MAGDALENA Drive Sold | $655,000 List Price | 4 | 2 | 2,070 | 0.4 mi | |
G 2016 E REDMON Drive Sold | $732,500 | 3 | 2 | 2,523 | $290 | 0.7 mi |
H 1970 E DUKE Drive Sold | $740,000 | 3 | 2 | 2,419 | $306 | 0.8 mi |
I 1893 E VAUGHN Street Pending | $825,000 List Price | 4 | 3 | 2,636 | $313 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent a comprehensive remodel in late 2022 (less than 5 years ago), featuring a modern kitchen with 2023 appliances, updated large-format tile flooring, and upgraded climate systems including mini-splits in the garage and workspace.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12084, living area = 2450.
The home underwent a comprehensive remodel in late 2022 with updated appliances in 2023, offering a move-in-ready experience with contemporary finishes and an open-concept layout perfect for entertaining.
Both the garage and the detached backyard shed are equipped with dedicated mini-split systems, providing rare temperature-controlled spaces ideal for a home office, workshop, or gym in the Arizona climate.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2450, other record living area = 2050.
With five bedrooms but only two bathrooms, the home may present logistical challenges and morning bottlenecks for larger families or households.
Originally constructed in 1974, the home may require more frequent maintenance of aging structural components or underground utilities typical of a 50-year-old residence.
Beautiful, no HOA, single family home in a highly desirable Suggs neighborhood of Tempe! This 5 bedroom, 2 bath home was beautifully remodeled in late 2022, new microwave and dishwasher installed in 2023. This home features an open living room area that is perfect for hosting and entertaining. Step outside to find a generous lot featuring a new RV gate, a diving pool, and an expansive backyard with a pergola over the patio. Looking for a detached workspace? The backyard shed features a dedicated mini-split, making it the perfect climate controlled storage area or quiet home office. To top it off, the garage is also equipped with its own mini-split! Come see it today!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 2,450 | - |
| Lot Size | 12,084 | - |
| Price | $719.0K | $562.2K |
| Price per sq ft | $293 | $326 |
| Built year | 1974 | 0 |
| HOA | $0 | $0 |
| Days on market | 6 | 2615 |
Jul 16, 2026
$719,000
Initial Listing