8204 S HOMESTEAD Lane, Tempe, AZ 85284, Tempe, 85284 - 5 bed, 5 bath
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Tempe, AZ 85284
This Luxury Basement Estate is a Strong Value Opportunity, listed at $1,699,900—positioned well below the $1,784,679 Fair Market Value by 4%. This valuation gap provides $84,779 in Instant Equity for the incoming buyer. Boasting an Excellent Condition Rating, the residence features a gourmet quartz kitchen, a finished basement with wet bar, and a private guest suite with a separate entrance. Located on a premium corner lot within an exclusive gated community, it offers a resort-style backyard with a flagstone patio. This is a premier acquisition for Multi-Generational Families or Luxury Home Seekers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8204 S HOMESTEAD Lane Subject | $1,699,900* List Price | 5 | 5 | 5,003 | $352 | - |
A 8219 S PECAN GROVE Circle Sold | $1,860,000 | 5 | 6 | 5,118 | $363 | 0.1 mi |
B 8219 S PECAN GROVE Circle Sold | $1,860,000 | 5 | 6 | 5,118 | $363 | 0.1 mi |
C 640 E VINEDO Lane Sold | $1,199,000 | 4 | 3 | 3,754 | $319 | 0.4 mi |
D 8219 S PECAN GROVE Circle Active | $1,895,000 List Price | 5 | 6 | 5,118 | $370 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1999, the property has undergone extensive recent renovations that align with current luxury standards. The gourmet kitchen is fully modernized with grey cabinetry, premium quartz countertops, and high-end built-in appliances. The interior features updated wood and stone flooring, contemporary light fixtures, and a spa-like primary bathroom. The presence of a finished basement with a wet bar and a separate guest suite further elevates the property's condition to excellent, showing no signs of deferred maintenance in the living areas.
The property features a rare finished basement with a wet bar and a guest suite with a separate entrance, providing exceptional flexibility for multi-generational living or high-end entertaining.
Situated on a spacious corner lot within a quiet cul-de-sac in an exclusive gated community, the home offers superior privacy, security, and curb appeal.
The interior is appointed with rich wood and stone flooring, a gourmet kitchen with quartz countertops, and a spa-like primary suite, reflecting a high standard of luxury.
With a construction date of 1999, the property may soon require significant capital expenditures for original components such as the roof or HVAC systems.
The association fee of $1,054 is relatively high, which increases the monthly carrying costs and may be a deterrent for budget-conscious luxury buyers.
Exceptional basement home tucked on a premium corner lot. All within a quiet cul-de-sac in an exclusive gated community! Guest suite has separate entrance and ensuite bathroom. Manicured landscaping, sweeping driveway, and a 3-car garage w/built-in cabinets. Delightful interior has rich wood & stone flooring, elegant light fixtures, & large windows for abundant natural light. Designed for entertaining, you'll find formal living & dining rooms, along with a cozy family room w/fireplace + surround sound speakers. Gourmet kitchen offers a center prep island, built-in appliances, quartz counters, a breakfast bar, a walk-in pantry, & cabinetry w/crown moulding. Main suite features direct backyard access & spa-like bathroom w/dual sink vanity, jetted tub, tiled shower, & expansive walk-in closet A spacious den is great for an office, while the finished basement w/wet bar expands your living. Private backyard oasis includes a built-in BBQ, a covered patio w/flagstone flooring, & lush green grass. You don't want to miss this stunning residence!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 80% |
| Baths | 5.0 | 2.0 | 93% |
| Square foot | 5,003 | 2,301 | 93% |
| Lot Size | 15,586 | 8,686 | 82% |
| Price | $1.70M | $350.0K | 93% |
| Price per sq ft | $340 | $111 | 82% |
| Built year | 1999 | 1988 | 91% |
| HOA | $1054 | $160 | 98% |
| Days on market | 58 | 2597 | 2% |
Apr 9, 2026
$1,699,900
Initial Listing