971 E LOBSTER TRAP Lane, Tempe, AZ 85283, Tempe, 85283 - 4 bed, 3 bath
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Tempe, AZ 85283
This Spacious Lakeside Residence is listed at $565,000, representing a stable opportunity within the iconic The Lakes community. Positioned relative to its $508,823 Fair Market Value, the price reflects the high demand for the neighborhood's Premier Community Lifestyle and boating access. With a Condition Rating of 4, the home features a functional 4-bedroom layout and private patio, offering a prime canvas for modernization. Residents enjoy exclusive access to a private clubhouse and resort-style pools near the 7-rated Fuller Elementary and Marcos De Niza High. This property is an ideal match for Owner-Occupants or growing families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 971 E LOBSTER TRAP Lane Subject | $555,000* List Price | 4 | 3 | 1,762 | $282 | - |
A 1532 E WESTWIND Way Sold | $570,000 | 3 | 2 | 1,612 | $354 | 0.7 mi |
B 5624 S CROWS NEST Road Sold | $570,000 | 4 | 2 | 2,310 | $247 | 0.5 mi |
C 5824 S COLLEGE Avenue Pending | $419,000 List Price | 3 | 2 | 1,658 | $253 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1973, the property shows signs of partial cosmetic updates including newer wood-look flooring and fresh interior paint. However, the home remains dated with popcorn ceilings and older wood cabinetry. While the bathroom features a newer vanity top and shower tile, the overall aesthetic and systems reflect a property that is over 20 years old and requires further modernization.
Situated in 'The Lakes,' one of Tempe's most iconic neighborhoods, offering residents exclusive access to boating, a private clubhouse, resort-style pools, and tennis courts.
The home features a desirable 4-bedroom, 3-bathroom configuration, providing ample space and a versatile floor plan that is rare to find at this price point in the area.
Perfectly positioned in the heart of Tempe with immediate access to major freeways, high-end dining, and shopping, making it an ideal hub for commuters and active professionals.
Built in 1973, the property may require significant capital investment for modernizing interior finishes and updating aging mechanical systems to meet current efficiency standards.
The assigned middle and high schools have lower-to-average ratings (4/10 and 5/10), which may impact long-term resale value for education-focused buyers.
Welcome to 971 E Lobster Trap Ln in The Lakes community of Tempe, where this incredible home meets one of the most iconic lifestyles in the East Valley. Surrounded by lush tree lined streets and sparkling lakes, this neighborhood offers boating, scenic walking paths, and a true sense of community. Residents enjoy a private clubhouse, tennis courts, parks, a resort style pool, and year-round events. Perfectly located in the heart of Tempe near top dining, shopping, and freeway access. This is a rare opportunity to own in a vibrant lake community that feels like a getaway every day.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 1.4 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 | 81% |
| Square foot | 1,762 | 1,971 | 42% |
| Lot Size | 6,625 | 7,871 | 23% |
| Price | $555.0K | $360.0K | 70% |
| Price per sq ft | $315 | $247 | 77% |
| Built year | 1973 | 1978 | 34% |
| HOA | $405 | $0 | 98% |
| Days on market | 44 | 2341 | 2% |
May 31, 2026
$555,000
$565,000
-2% Price Drop
Initial Listing
Apr 23, 2026
$565,000
Initial Listing