927 W CARMEN Street, Tempe, AZ 85283, Tempe, 85283 - 3 bed, 2 bath
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Tempe, AZ 85283
This Renovated Single-Level Home represents a High-Potential Investment Opportunity with a List Price of $595,000—positioned well below the $784,432 Fair Market Value by 24%. This valuation gap provides $189,432 in Instant Equity for buyers. Featuring a Condition Rating of 3, the property offers a modern granite kitchen, a renovated pebble tech pool, and a versatile bonus room on a massive corner lot with No HOA. Located in the established Kyrene corridor, this is an exceptional acquisition for Owner-Occupants seeking immediate wealth or Buy-and-Hold Investors targeting high-equity assets.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 927 W CARMEN Street Subject | $595,000* List Price | 3 | 2 | 1,963 | $400 | - |
A 6822 S CARNEY Avenue Sold | $598,000 | 4 | 2 | 2,109 | $284 | 0.2 mi |
B 6534 S MARILYN ANN Drive Sold | $595,000 | 3 | 2 | 1,963 | $303 | 0.1 mi |
C 907 W REDFIELD Road Sold | $543,000 | 4 | 2 | 2,135 | $254 | 0.2 mi |
D 6814 S CARNEY Avenue Sold | $625,000 | 4 | 2 | 2,246 | $278 | 0.1 mi |
E 915 W DIAMOND Drive Active | $569,999 List Price | 3 | 2 | 1,876 | $304 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained with significant updates. Although built in 1985, it features a modern kitchen with granite countertops and stainless steel appliances, updated flooring (tile and wood-look), and contemporary light fixtures and ceiling fans. The exterior is also highly improved with a renovated pebble tech pool and professional landscaping, meeting the criteria for a home that has been extensively updated within the last 5 to 15 years.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11117, living area = 1963.
The property sits on a large corner lot featuring a renovated pebble tech pool, RV gate, and mature fruit trees, offering exceptional outdoor utility and entertainment value.
A split master floor plan ensures privacy, while the spacious bonus room provides the versatility to serve as a home office, gym, or a potential fourth bedroom.
The assigned middle school has a lower rating (3/10), which may be a consideration for families prioritizing high-performing educational districts.
Built in 1985, the home may require closer inspection of original major systems like plumbing or electrical, despite the modern cosmetic interior updates.
Located in Tempe Royal Estates, this 3-bedroom, 1,963 sq. ft. single-level home offers comfort and functionality in a prime location. The split master floor plan provides privacy, while the open living area features vaulted ceilings and a sleek & modern tile fireplace. The kitchen includes granite countertops and stainless steel appliances. A spacious bonus room is perfect for an office, gym, media room, or potential 4th bedroom. Situated on a large corner lot with a beautifully renovated front and backyard complete with fruit trees, a covered patio, and an updated pebble tech pool. RV gate, storage shed, and no HOA make this a rare Tempe opportunity.
No exterior & parking available.
Grades PK-5 • 2.5 mi
Grades 6-8 • 2.2 mi
Grades 9-12 • 2.0 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 | 1,963 | 2,044 | 46% |
| Lot Size | 11,117 | 8,032 | 84% |
| Price | $595.0K | $360.0K | 80% |
| Price per sq ft | $303 | $254 | 73% |
| Built year | 1985 | 1978 | 72% |
| HOA | $0 | $0 | 50% |
| Days on market | 48 | 2104 | 1% |
Mar 5, 2026
$595,000
Initial Listing