958 E LOBSTER TRAP Lane, Tempe, AZ 85283, Tempe, 85283 - 4 bed, 3 bath
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Tempe, AZ 85283
This Renovated Single-Family Residence is a Strong Value Opportunity, listed at $599,000—positioned well below the $663,977 Fair Market Value by 9%. This valuation gap provides $64,977 in Instant Equity. Boasting an Excellent Condition Rating, the home features a 2024 kitchen renovation, quartz counters, and a private patio. Residents enjoy The Lakes premier amenities and proximity to Fuller Elementary School. This is an ideal acquisition for Owner-Occupants seeking a turnkey lifestyle or Buy-and-Hold Investors looking for a high-demand asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 958 E LOBSTER TRAP Lane Subject | $599,000* List Price | 4 | 3 | 1,872 | $355 | - |
A 1513 E WEATHERVANE Lane Sold | $585,000 | 4 | 3 | 2,105 | $278 | 0.7 mi |
B 5632 S JOLLY ROGER Road Sold | $515,000 | 2 | 2 | 1,294 | $398 | 0.4 mi |
C 1532 E WESTWIND Way Sold | $570,000 | 3 | 2 | 1,612 | $354 | 0.8 mi |
D 959 E LOBSTER TRAP Lane Active | $599,500 List Price | 3 | 2 | 1,601 | $374 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property features a complete 2024 kitchen renovation with high-end finishes like quartz countertops, a farmhouse sink, and modern gold hardware. With approximately $60,000 in recent upgrades, the home includes updated flooring, removal of popcorn ceilings, and newer major systems such as a 2018 AC and 2022 water heater. Although built in 1973, the extensive recent renovations and modern interior styling meet the criteria for excellent condition.
The property features a complete 2024 kitchen remodel with quartz countertops and approximately $60,000 in total upgrades, including engineered wood flooring and the removal of all popcorn ceilings.
Situated in the prestigious 'The Lakes' community, residents benefit from an exceptional lifestyle package including lake access, a workout center, and diverse sports courts for tennis, pickleball, and volleyball.
Key high-ticket maintenance items have been addressed, featuring a 2018 AC unit, a 2022 water heater, and newer dual-pane windows for improved energy efficiency.
Built in 1973, the home may possess older underlying infrastructure or original plumbing and electrical components that typically require more maintenance than newer constructions.
The $405 association fee is a significant recurring monthly expense that may impact the debt-to-income ratio and overall affordability for budget-conscious buyers.
Complete kitchen renovation by licensed contractor in 2024.1,872 SF home with 4 bedrooms, 2.5 bathrooms in the prestigious Tempe community of The Lakes. Wonderful location close to everything your family needs for shopping, entertainment, & education. Enter through the modern double doors to find beautiful engineered wood flooring, extended quartz counters & drawer space in the kitchen, vaulted ceilings, newer dual pane windows & carpet. Convenient 4th bedroom on the 1st floor. All acoustic (popcorn) ceilings were removed. Reverse osmosis, 2018 AC, & 2022 water heater. Owner has invested ~$60,000 in upgrades. Fabulous outdoor space with large courtyard opening to the backyard for family / friends gatherings & kids playtime. HOA provides a large pool, spa, children's play area, lake access, workout center, racquetball, sand & indoor volleyball, tennis, pickle ball, & basketball. HOA also plans various community events and gatherings that are fun for families, particularly on holidays. Plenty of clubs and organizations within the community that make it easy to connect with others. Water heater & home powered by efficient gas.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 1.5 mi
Grades 6-8 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 2.0 | 82% |
| Square foot | 1,872 | 2,044 | 45% |
| Lot Size | 6,003 | 7,941 | 14% |
| Price | $599.0K | $360.0K | 82% |
| Price per sq ft | $320 | $254 | 82% |
| Built year | 1973 | 1978 | 29% |
| HOA | $405 | $0 | 99% |
| Days on market | 20 | 2104 | 1% |
Apr 2, 2026
$599,000
Initial Listing