
Tempe, AZ 85282
This Renovated Single-Family Residence is a Strong Value Opportunity, listed at $550,000—positioned well below the $596,297 Fair Market Value by 7%. This valuation gap provides $46,297 in Instant Equity. Boasting a Mint Condition Rating, the home features a modern kitchen with Quartz Countertops, new cabinetry, and Vinyl Flooring throughout. The expansive 8,830 sqft lot includes a rare RV Gate, while the proximity to ASU offers significant rental versatility. This property is an exceptional acquisition for Owner-Occupants seeking a turnkey home or Buy-and-Hold Investors targeting high-demand student housing.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 756 E LOYOLA Drive Subject | $520,000* List Price | 4 | 3 | 2,040 | $272 | - |
A 3626 S NEWBERRY Road Sold | $449,750 List Price | 4 | 3 | 2,150 | 0.7 mi | |
B 1274 E HERMOSA Drive Sold | $525,000 List Price | 4 | 2 | 1,785 | 0.8 mi | |
C 2704 S TERRACE Road Sold | $630,000 | 5 | 2 | 2,024 | $311 | 0.3 mi |
D 501 E HERMOSA Drive Sold | $539,000 List Price | 3 | 2 | 1,642 | 0.8 mi | |
E 1041 E FAIRMONT Drive Active | $619,000 List Price | 5 | 2 | 2,223 | $278 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1964, the property has undergone a comprehensive recent renovation (under 5 years) featuring a modern kitchen with new quartz countertops, cabinetry, and stainless steel appliances, along with updated bathrooms, fresh paint, and new vinyl flooring throughout, placing it in mint, move-in ready condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8830, living area = 2040.
Situated minutes from ASU with no HOA and a flexible floor plan, this property is perfectly positioned for high-demand student housing, a lucrative rental investment, or a primary residence.
The home features significant recent improvements, including new quartz countertops, updated kitchen cabinetry, fresh interior paint, and brand-new vinyl flooring, providing a contemporary and move-in-ready aesthetic.
Built in 1964, the property may have older underlying mechanical, electrical, or plumbing systems that could require future capital expenditure despite the recent cosmetic renovations.
While the elementary and middle schools are moderately rated, the assigned high school has a lower performance rating, which may be a consideration for families prioritizing top-tier educational districts.
Welcome to this rare 4 bed, 3 bath home with an RV gate in a prime Tempe location. This property features new quartz countertops and kitchen cabinetry, fresh interior paint, and brand new dishwasher and stove. New vinyl flooring adds durability and a clean, modern look. Flexible floor plan offers multiple living options, ideal for primary residence, student housing, or rental investment. No HOA. Conveniently located just minutes from ASU, with easy access to shopping, dining, and major freeways. Excellent opportunity in a high-demand area.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 1.6 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 65% |
| Baths | 3.0 | 2.0 | 90% |
| Square foot | 2,040 | 1,669 | 71% |
| Lot Size | 8,830 | 8,357 | 67% |
| Price | $520.0K | $185.8K | 73% |
| Price per sq ft | $255 | $112 | 60% |
| Built year | 1964 | 1970 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 58 | 2445 | 2% |
May 17, 2026
$520,000
$550,000
-5% Price Drop
Initial Listing
Apr 9, 2026
$550,000
Initial Listing