620 E VISTA DEL CERRO Drive, Tempe, AZ 85281, Tempe, 85281 - 4 bed, 2 bath
Loading property details...
Tempe, AZ 85281
This property presents a High-Potential Investment Opportunity with a List Price of $450,000—positioned well below the $451,137 Fair Market Value by 0.25%. Featuring a Fair Condition Rating, the home offers significant value-add potential through cosmetic updates. Its proximity to ASU and lack of HOA restrictions make it an ideal candidate for an ADU addition to maximize rental yield. This is a strategic asset for Buy-and-Hold Investors or Owner-Occupants looking to leverage the high-demand Tempe student rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 620 E VISTA DEL CERRO Drive Subject | $449,900* List Price | 4 | 2 | 1,227 | $357 | - |
A 1613 S FARMER Avenue Active | $399,900 List Price | 3 | 1 | 1,148 | $348 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1961, the home is functional but significantly dated. The kitchen features older laminate countertops and painted cabinetry likely refreshed over 20 years ago. Interior photos show worn and stained carpeting, and the overall aesthetic suggests the property needs cosmetic updates and minor repairs to meet modern standards.
Located just half a mile from Arizona State University, this property is perfectly positioned for the high-demand student rental market, ensuring consistent occupancy and strong investment potential.
The absence of HOA restrictions combined with a generous lot size offers the rare opportunity to add an Accessory Dwelling Unit (ADU), significantly increasing the property's total rental yield.
With no monthly association fees, owners benefit from lower overhead costs and greater freedom regarding property modifications and rental strategies.
Fitting four bedrooms into 1,227 square feet results in relatively small individual room dimensions, which may feel cramped for residents seeking spacious living areas.
Dating back to 1961, the home may necessitate near-term investments in major systems or cosmetic updates to meet modern energy efficiency and aesthetic standards.
Amazing investment opportunity just 1/2 mile from Arizona State University! This charming 4-bedroom, 2-bath home offers incredible potential as a primary residence, student rental, or income-producing property. Inside, you'll find a spacious living room, tile flooring in all the right places, and a well-equipped kitchen with ample cabinetry, tile backsplash, generous peninsula, and essential appliances. The dedicated laundry room includes extra storage, while the large backyard provides endless possibilities. With plenty of space to add an ADU for additional rental income, this property is ideal for investors looking to maximize returns. No HOA restrictions and an unbeatable location near ASU, shopping, dining, and freeways make this a rare opportunity you won't want to miss! 🤍
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 |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,227 | - |
| Lot Size | 6,443 | - |
| Price | $449.9K | $562.2K |
| Price per sq ft | $367 | $326 |
| Built year | 1961 | 0 |
| HOA | $0 | $0 |
| Days on market | 47 | 2615 |
Jul 8, 2026
$449,900
$450,000
+0% Price Increase
Initial Listing
Jun 5, 2026
$450,000
Initial Listing