
Tempe, AZ 85283
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $525,000—positioned well below the $531,618 Fair Market Value by 1.25%. This valuation gap offers $6,618 in Instant Equity. Featuring a Remodeled Kitchen, Private Pool, and Covered Patio, the home maintains a Mint Condition Rating. Located in the desirable The Lakes community, it offers a resort-style lifestyle near Rover Elementary. This property is an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in-ready home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 975 E Lobster Trap Lane Subject 3 bd · 2 ba · 1,554 sqft · $342 | $525,000* List Price | 3 | 2 | 1,554 | $342 | - |
A 407 E AUBURN Drive Sold 3 bd · 2 ba · 1,328 sqft · $350 · 0.4 mi | $465,000 | 3 | 2 | 1,328 | $350 | 0.4 mi |
B 5813 S COLLEGE Avenue Sold 3 bd · 2 ba · 1,267 sqft · $351 · 0.5 mi | $445,000 | 3 | 2 | 1,267 | $351 | 0.5 mi |
C 520 E WATSON Drive Sold 3 bd · 2 ba · 1,465 sqft · $315 · 0.4 mi | $462,000 | 3 | 2 | 1,465 | $315 | 0.4 mi |
D 323 E SESAME Street Sold 3 bd · 2 ba · 1,266 sqft · $357 · 0.5 mi | $451,500 | 3 | 2 | 1,266 | $357 | 0.5 mi |
E 227 E AUBURN Drive Sold 4 bd · 2 ba · 1,519 sqft · $309 · 0.6 mi | $470,000 | 4 | 2 | 1,519 | $309 | 0.6 mi |
F 247 E FORDHAM Drive Sold 3 bd · 2 ba · 1,267 sqft · $354 · 0.5 mi | $449,000 | 3 | 2 | 1,267 | $354 | 0.5 mi |
G 955 E EVENINGSTAR Lane Sold 3 bd · 2 ba · 1,947 sqft · $347 · 0.1 mi | $675,000 | 3 | 2 | 1,947 | $347 | 0.1 mi |
H 1139 E WATSON Drive Sold 3 bd · 2 ba · 1,652 sqft · $275 · 0.4 mi | $455,000 | 3 | 2 | 1,652 | $275 | 0.4 mi |
I 959 E LOBSTER TRAP Lane Active 3 bd · 2 ba · 1,601 sqft · $368 · 0.0 mi | $589,500 List Price | 3 | 2 | 1,601 | $368 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While the structure dates to 1973, the interior has undergone a high-quality renovation within the last 5 years. The kitchen features modern cabinetry, stone countertops, and stainless steel appliances. With upgraded fixtures, neutral paint, and new flooring throughout, the home is in mint, move-in-ready condition.
Situated just one door down from the lake in the highly sought-after 'The Lakes' community, providing immediate access to premium resort-style amenities and scenic views.
Features a beautifully remodeled kitchen with stainless steel appliances and upgraded fixtures, offering a contemporary feel that reduces the need for immediate renovations.
The property includes a private sparkling pool and a covered paver patio with direct access from the primary suite, perfect for outdoor entertaining and the Arizona lifestyle.
Originally built in 1973, the home may require ongoing maintenance or future updates to major systems like plumbing and electrical that are common with properties of this vintage.
The assigned public schools carry mid-range ratings (4-5 out of 10), which may be a consideration for families prioritizing top-tier educational districts.
Welcome to The Lakes, one of Tempe's most desirable communities! Located just one door down from the lake, this beautiful home offers the perfect blend of comfort, style, and resort-style living. From the moment you arrive, you'll appreciate the incredible curb appeal, featuring lush shrubs, beautiful desert landscaping, and an inviting covered paver patio. Inside, you'll find a beautifully remodeled kitchen with stainless steel appliances, neutral paint, and upgraded fixtures throughout. Step outside to your own private backyard oasis, complete with a sparkling blue pool and a covered patio with direct access from the primary suite, perfect for relaxing or entertaining! The Lakes is known for its lush green landscaping, scenic lakes, and incredible amenities, including parks, a community pool, clubhouse, pickleball, tennis, racquetball, basketball, and volleyball courts. Enjoy the beauty of lakeside living with endless recreational opportunities right outside your door. This is more than a home, it's a lifestyle!
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 |
|---|---|---|
| Beds | 3.0 | 3.3 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,554 | 1,805.798 |
| Lot Size | 6,486 | 8,241.322 |
| Price | $525.0K | $528.2K |
| Price per sq ft | $338 | $306 |
| Built year | 1973 | 1973 |
| HOA | $405 | $297 |
| Days on market | 1 | 66 |
Oct 23, 2026
$525,000
Initial Listing