
Tempe, AZ 85283
This Single Family Residence is a Strong Value Opportunity, listed at $400,000—positioned well below the $432,374 Fair Market Value by 7%. This valuation gap offers $32,374 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home provides a move-in-ready interior with modern updates and a spacious patio. Located in the heart of Tempe with no HOA fees, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a stable, well-located asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 642 W MAGDALENA Drive Subject | $400,000* List Price | 3 | 2 | 1,732 | $250 | - |
A 5838 S JUDD Street Sold | $364,900 | 3 | 2 | 1,238 | $295 | 0.0 mi |
B 1126 W APOLLO Avenue Sold | $425,000 | 4 | 2 | 1,428 | $298 | 0.4 mi |
C 904 W YALE Drive Pending | $350,000 List Price | 4 | 2 | 1,416 | $247 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1979 but recently refreshed with modern updates. The interior features stainless steel appliances, updated wood-look flooring, and move-in ready bathrooms. While the kitchen cabinetry and counters reflect an older style, the home is well-maintained, functional, and move-in ready.
Situated in the heart of Tempe, the property offers exceptional access to popular local amenities including The Porch, Majestic Neighborhood Cinema, and diverse shopping and dining options.
The absence of a homeowner's association provides significant monthly cost savings and greater flexibility for the owner regarding property use and modifications.
The home features modern updates, a refreshed interior, and move-in-ready bathrooms, allowing buyers to settle in immediately without the need for initial renovations.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1732, other record living area = 1568.
Built in 1979, the home may require more frequent maintenance or future capital expenditures for aging systems like plumbing, electrical, or roofing compared to newer builds.
The assigned public schools have ratings ranging from 4 to 5, which may be a drawback for families prioritizing high-performing educational districts.
Welcome to this beautifully refreshed home, where modern updates meet comfort and functionality. The expansive living room provides the perfect setting for hosting gatherings, while the open-concept floor plan creates a seamless flow that's ideal for entertaining. Step outside to a spacious backyard with plenty of room to create the garden oasis you've always envisioned. Generously sized bedrooms offer comfort for everyone, and the move-in-ready bathrooms mean you can settle in from day one. Ideally located in the heart of Tempe, you'll enjoy easy access to shopping, dining, The Porch, and Majestic Neighborhood Cinema, making nights out and everyday conveniences just minutes away.
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 |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,732 | 1,773.888 |
| Lot Size | 6,534 | 8,245.105 |
| Price | $400.0K | $529.7K |
| Price per sq ft | $231 | $314 |
| Built year | 1979 | 1972 |
| HOA | $0 | $292 |
| Days on market | 55 | 63 |
Jul 16, 2026
$400,000
Initial Listing