
Tempe, AZ 85283
This Value-Add Residential Asset is listed at $369,900, currently positioned above the $228,424 Fair Market Value due to its significant renovation requirements. Carrying a Condition Rating of 5, the property requires a full rehab to modernize its 1979 systems, including dated acoustic ceilings and wall-mounted cooling units. However, the 8,555 sqft lot and Private Pool provide a strong foundation for forced appreciation. Located near Arizona Mills and Marcos De Niza High School, this No HOA property is a strategic acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 945 W GEMINI Drive Subject | $369,900* List Price | 3 | 2 | 1,238 | $185 | - |
A 577 W MAGDALENA Drive Active Under Contract | $379,900 List Price | 3 | 2 | 1,238 | $307 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1979 (47 years old) with no evidence of major renovations. The interior features highly dated acoustic ceiling tiles, fluorescent box lighting, and wall-mounted cooling units, suggesting the primary systems and kitchen/baths are well beyond their functional life and require a full rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8555, living area = 1238.
The property features a private swimming pool on a generous 8,555 sq. ft. lot, providing a highly sought-after outdoor retreat for relaxation and entertainment in the Arizona climate.
With an association fee of $0, this home offers significant long-term savings and freedom from restrictive community regulations, making it an attractive option for budget-conscious buyers.
At 1,238 sq. ft. for a three-bedroom layout, the interior square footage is relatively modest, which may limit appeal for families requiring larger common areas or spacious bedrooms.
Built in 1979, the home may require capital improvements or cosmetic updates to compete with modern energy efficiency standards and contemporary interior design trends.
Charming Tempe home offering 1,238 sq ft with 3 bedrooms and 2 bathrooms, featuring a private pool perfect for enjoying Arizona's outdoor lifestyle. This inviting property includes a functional layout with comfortable living areas, a bright kitchen with ample cabinetry, and a primary suite with a private bath. The backyard is ideal for relaxing or entertaining, with a pool and space to create your own outdoor retreat. Conveniently located near shopping and dining at Arizona Mills, outdoor recreation at Kiwanis Park, and within the Tempe Union High School District, with easy access to major freeways, this home offers comfort, convenience, and great outdoor living.
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades 6-8 • 2.3 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 | 1,238 | 2,044 | 10% |
| Lot Size | 8,555 | 8,032 | 55% |
| Price | $369.9K | $360.0K | 51% |
| Price per sq ft | $299 | $254 | 73% |
| Built year | 1979 | 1978 | 51% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 2104 | 1% |
Apr 16, 2026
$369,900
Initial Listing