938 E KNIGHT Lane, Tempe, AZ 85284, Tempe, 85284 - 3 bed, 2 bath
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Tempe, AZ 85284
This Spacious Single-Level Residence is a Prime Investment Opportunity with a List Price of $735,000—positioned well below the $769,276 Fair Market Value by 4%. This valuation gap offers $34,276 in Instant Equity. Maintaining a Good Condition Rating, the interior features Bamboo Wood Flooring, Vaulted Ceilings, and a Granite Kitchen. The No HOA status and Private Backyard Oasis with a Pool provide significant lifestyle and rental upside near Top-Rated Schools. It is perfectly suited for Owner-Occupants or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 938 E KNIGHT Lane Subject | $735,000* List Price | 3 | 2 | 2,409 | $305 | - |
A 935 E CITATION Lane Sold | $680,000 | 3 | 2 | 2,138 | $318 | 0.1 mi |
B 8781 S MILL Avenue Sold | $800,000 | 5 | 3 | 2,388 | $335 | 0.9 mi |
C 8938 S FOREST Avenue Sold | $870,000 | 4 | 3 | 2,813 | $309 | 1.0 mi |
D 1231 E SUNBURST Lane Active | $785,000 List Price | 4 | 2 | 2,455 | $320 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1985-built home is move-in ready and has undergone extensive renovations that likely occurred within the last 5 to 15 years. The kitchen is well-updated with dark wood cabinetry, granite countertops, a subway tile backsplash, and modern stainless steel appliances. The interior features high-quality bamboo wood flooring, vaulted ceilings, and updated light fixtures/fans. The primary bathroom has been renovated, and the outdoor space is well-maintained with a pool and built-in BBQ. While the seller offers a paint allowance for cosmetic refreshing, the major systems and finishes are functional and stylish, meeting the criteria for a 'Good' condition rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10920, living area = 2409.
The property features a private, north-facing backyard complete with a sparkling pool, built-in BBQ, and an expansive covered patio, perfectly designed for Arizona's outdoor lifestyle and entertaining.
Situated in a sought-after Tempe neighborhood with no HOA, this home offers owners freedom from restrictive covenants and monthly association fees.
The seller's offer of an interior paint allowance indicates that the home likely requires cosmetic updates to modernize the aesthetic and address wear.
While the elementary and high schools are highly rated, the assigned middle school has a significantly lower rating of 3, which may be a concern for families prioritizing top-tier education across all levels.
NEW INTERIOR PAINT! NO HOA in Tempe! Discover the perfect blend of comfort and charm in this warm and inviting single-level 3-bedroom, 2-bath home. Vaulted ceilings and rich bamboo wood flooring create an open, airy feel, while the eat-in kitchen with breakfast bar seamlessly connects to the great room--making gatherings with family and friends effortless. Retreat to the serene primary suite, complete with a beautifully updated ensuite and spacious walk-in closet. Two additional bedrooms offer flexibility for guests, family, or a home office. Step outside and experience true Arizona living in your private north-facing backyard oasis--featuring a sparkling pool, covered patio, and built-in BBQ--ideal for weekend entertaining or quiet evenings under the stars!
No exterior & parking available.
Grades PK-5 • 0.3 mi
Grades 6-8 • 0.3 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 42% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,409 | 2,214 | 60% |
| Lot Size | 10,920 | 8,581 | 65% |
| Price | $735.0K | $0 | 79% |
| Price per sq ft | $305 | $0 | 67% |
| Built year | 1985 | 1987 | 30% |
| HOA | $0 | $140 | 23% |
| Days on market | 81 | 2604 | 2% |
Mar 24, 2026
$735,000
Initial Listing