942 E DRIFTWOOD Drive, Tempe, AZ 85283, Tempe, 85283 - 3 bed, 2 bath
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Tempe, AZ 85283
This Reimagined Single-Family Residence is a High-Potential Investment Opportunity, listed at $580,000—positioned well below the $661,614 Fair Market Value by 12%. This valuation gap provides $81,614 in Instant Equity. Boasting a Condition Rating of 2, the home features a top-to-bottom renovation including quartz countertops, designer shaker cabinetry, and a brand-new roof. Located in the prestigious Lakes community near Fuller Elementary, it offers a turnkey lifestyle with significant financial upside. This is an ideal acquisition for Owner-Occupants seeking a modern sanctuary or Buy-and-Hold Investors targeting a high-demand rental area.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 942 E DRIFTWOOD Drive Subject | $580,000* List Price | 3 | 2 | 1,422 | $465 | - |
A 228 E Fordham Circle Sold | $440,000 List Price | 3 | 2 | 1,379 | 0.5 mi | |
B 5632 S JOLLY ROGER Road Sold | $515,000 | 2 | 2 | 1,294 | $398 | 0.4 mi |
C 6818 S TERRACE Road Sold | $500,000 List Price | 3 | 2 | 1,508 | 1.0 mi | |
D 1532 E WESTWIND Way Sold | $570,000 | 3 | 2 | 1,612 | $354 | 0.8 mi |
E 407 E AUBURN Drive Active | $475,000 List Price | 3 | 2 | 1,328 | $358 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1973, the property has undergone an extensive, top-to-bottom renovation within the last 5 years. It features a brand-new roof, new windows, and high-end interior finishes including designer shaker cabinetry, quartz countertops, stainless steel appliances, and new flooring throughout. All major components and aesthetic elements meet modern quality standards with no visible deferred maintenance.
The property has been thoughtfully reimagined from top to bottom, featuring high-value upgrades including a brand-new roof, new windows, slider doors, and solid core interior doors for superior quality and peace of mind.
The home boasts a contemporary aesthetic with designer white shaker cabinetry, sleek quartz countertops in the kitchen and bathrooms, and brand-new flooring throughout, offering a move-in-ready luxury experience.
Located in the desirable Lakes community of Tempe, the home benefits from a prime location near premium shopping, dining, and major freeway access, which supports strong long-term property value.
At 1,422 square feet for a three-bedroom residence, the interior living spaces and bedrooms may feel somewhat compact compared to other single-family options in this price range.
Despite the extensive cosmetic and functional remodel, the original 1973 construction may present limitations regarding original plumbing or electrical systems common in homes of this era.
Welcome home to this beautifully reimagined 3-bedroom, 2-bath residence in the highly sought-after Lakes community of Tempe. Thoughtfully remodeled from top to bottom, this home offers the perfect blend of modern finishes and timeless comfort. Enjoy brand-new flooring throughout, brand new windows and slider doors, even the interior doors are solid core doors, fresh interior and exterior paint, and a brand-new roof for peace of mind. The stunning kitchen features crisp designer white shaker cabinetry, sleek quartz countertops, and a clean, contemporary design that flows seamlessly into the living spaces. Both bathrooms have been tastefully updated with matching quartz surfaces, creating a cohesive and elevated feel throughout the home. Step outside to a gorgeous paver patio, ideal for entertaining, relaxing, or enjoying Arizona evenings. With high-end updates and attention to detail at every turn, this home truly feels better than new. Ideally located in the heart of Tempe near shopping, dining, and freeway access, this is the one you've been waiting for!
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 1.5 mi
Grades 6-8 • 0.8 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 | 1,422 | 2,044 | 19% |
| Lot Size | 5,981 | 7,941 | 14% |
| Price | $580.0K | $360.0K | 78% |
| Price per sq ft | $408 | $254 | 96% |
| Built year | 1973 | 1978 | 29% |
| HOA | $290 | $0 | 86% |
| Days on market | 57 | 2104 | 1% |
Feb 24, 2026
$580,000
Initial Listing