620 E ENCANTO Drive, Tempe, AZ 85281, Tempe, 85281 - 3 bed, 2 bath
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Tempe, AZ 85281
This Renovated Mid-Century Residence is a High-Potential Investment Opportunity, listed at $575,000—positioned well below the $783,304 Fair Market Value by 26%. This significant valuation gap provides $208,304 in Instant Equity. Boasting a Condition Rating of 2, the home features a Quartz Kitchen, newer dual-pane windows, and a Converted Garage with a dedicated mini-split system. Located minutes from ASU with No HOA and a Private Spa, it offers immense rental demand. This is an exceptional acquisition for Buy-and-Hold Investors or Owner-Occupants seeking immediate wealth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 620 E ENCANTO Drive Subject | $575,000* List Price | 3 | 2 | 1,547 | $506 | - |
A 1348 E LEMON Street Sold | $449,000 | 3 | 2 | 1,300 | $345 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1958, the property has undergone an extensive recent renovation within the last 5 years. It features a newer roof, dual-pane windows, and a fully remodeled kitchen with quartz countertops and modern cabinetry. The interior is updated with luxury vinyl plank flooring, plush carpeting, and contemporary lighting and plumbing fixtures. Both bathrooms have been tastefully remodeled, and the exterior includes low-maintenance synthetic turf and a converted garage with a dedicated mini-split system, making it a turnkey, high-quality home.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7083, living area = 1547.
Situated in the heart of Tempe with no HOA and immediate proximity to ASU, Mill Avenue, and the light rail, this property is perfectly positioned for high-demand student housing or short-term rental income.
The home features significant capital improvements including a newer roof, dual-pane windows, and fully renovated kitchen and bathrooms, providing a turnkey opportunity with reduced immediate maintenance costs.
The assigned public high school carries a low rating (3/10), which may deter long-term owner-occupant families and limit the property's appeal to a specific segment of the buyer pool.
Despite extensive cosmetic and surface-level updates, the 1958 construction date suggests that underlying systems like original plumbing or electrical may eventually require attention compared to newer builds.
Prime opportunity in the heart of Tempe with no HOA, just minutes from ASU, Gammage Auditorium, Mill Avenue, and Tempe Town Lake. This fully updated single-story 3-bedroom, 2-bath home is ideal for student housing, short-term rental, or long-term income potential. Featuring a newer shingle roof, newer dual-pane windows, fresh interior and exterior paint, updated lighting and plumbing fixtures, and modern finishes throughout. The renovated kitchen offers quartz countertops, updated cabinetry, and newer appliances, while both bathrooms have been tastefully remodeled. Durable luxury vinyl plank flooring and plush carpet provide low-maintenance appeal. The converted carport now serves as a true single-car garage with its own mini-split system, adding valuable flex space for storage The property also includes refreshed landscaping with low-maintenance synthetic turf, a storage shed, and a private spa for relaxation. With close proximity to light rail, Sky Harbor Airport, and major freeways, this location supports strong rental demand year-round. The home can also be sold fully furnished, offering a turnkey opportunity ready for immediate occupancy or rental income.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 1.7 mi
Grades 9-12 • 0.8 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 | 1,547 | 1,546.5 | 50% |
| Lot Size | 7,083 | 6,723.5 | 59% |
| Price | $575.0K | $0 | 91% |
| Price per sq ft | $372 | $0 | 95% |
| Built year | 1958 | 1958 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 122 | 2197 | 5% |
Feb 12, 2026
$575,000
Initial Listing