316 E Broadway Lane, Tempe, AZ 85282 (MLS# 6721817)

316 E Broadway Lane, Tempe, AZ 85282

$565,000

Originally built in 1954, this home has all of the original architecture and mid-century charm!

The home has many original details throughout including a redwood tongue and groove ceilings, wood burning fireplace, and picturesque windows.

The stunning, vaulted redwood tongue and groove ceilings definitely give this home lots of character.

The home has a welcoming courtyard filled with original design elements.

The spacious backyard has lots of greenspace and mature vegetation, perfect for pets and children.

The home has a bedroom with wet bar that opens to front courtyard. This could easily become an office or attached guest casita.

This home has been stripped of personal items and carpet and is ready for the remodel to begin.

The flex space is off the great room and has vaulted ceilings and a glass slider that opens to the backyard patio. This space could make a great game or movie room.

The great room is generous in size and anchors the home.

The front yard has a paved walkway, stunning eucalyptus tree and several private patio spaces.

Large windows from the great room look out over the covered patio.

The backyard patios offer shaded and uncovered areas for relaxing, and lush, mature plants and trees.

This home has plenty of green space, areas to add garden beds, a pool or even a detached casita for guests.

The home has several private courtyards, perfect for creating an outdoor meditation area, workout space or private garden space.

Close to ASU, Tempe Beach Park, local shopping, dining, recreation, and freeways 202, 10 and 143.

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,947 Lot Size (sq. ft.): 8,607 Status: Closed

Current Price: $565,000 List Date: 6/21/2024 Last Modified: 3/23/2026

Overview

Description

THIS ONE WILL NOT LAST LONG - RUN DON'T WALK! Calling all investors and flippers, this property is located within walking distance to ASU, and offers endless opportunities. It is perfect for a spec builder that wants an exceptional flip opportunity, an investor that is looking to add to their rental portfolio or it can be converted into a mid-century modern masterpiece for an end user that intends to create their custom, dream home. This charming, single-story home boasts a flexible floor plan and a lot of updating options. The vaulted redwood tongue and groove ceilings along with an abundance of natural light are the perfect combination for updated inspiration. This house has 3 bedrooms (it can easily be converted to a 4 bedroom for a rental property) and 2 full baths with ample

Supplements: closet space. There is even a wood burning fireplace. Perched upon a generous shaded lot, with mature trees and plenty of space to expand, this home has a lot of character and curb appeal. It has various patio spaces, a two-car garage and enjoys easy access to ASU, shopping, dining and the major highways.

Listing Details MLS# 6721817

Location, Tax & Legal

House Number: 316
Compass: E
Street Name: Broadway
St Suffix: Lane
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85282
Country: US
County Code: Maricopa
Assessor Number: 133-15-037
Subdivision: University Terrace
Tax Year: 2023

Contract Information

Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No

General Property Description

Dwelling Type: Single Family Residence
Dwelling Styles: Detached
Exterior Stories: Yes
# of Interior Levels: Yes
# Bedrooms: 3
Total Bathrooms: 2
Approx SQFT: 1947
Price/SqFt: 290.19
Horses: N
Builder Name: Unknown
Year Built: 1954
Lead Based Hazard Disclosure: Yes
Approx Lot SqFt: 8607
Approx Lot Acres: 0.198
Community Pool Y/N: No
Private Pool Y/N: No
Fireplace YN: Yes
Fireplaces Total: Yes
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Elementary School: Broadmor Elementary School
Jr. High School: Connolly Middle School
High School: Tempe High School

Remarks Misc

Cross Street: Broadway Rd. and College Ave.
Directions: Head west on Broadway Rd from intersection at Rural, right on College, right on E Encanto Drive that turns into S El Camino Drive, bear left on E Broadway Lane (feeder street) next to E Broadway Rd.

Status Change Info

Off Market Date: 2024-06-30
Under Contract Date: 2024-06-22
Close of Escrow Date: 2024-07-25

Legal Info

Lot Number: 35

More Information

Basement

Basement Y/N: N

Parking Spaces

Garage Spaces: 2
Slab Parking Spaces: 2
Total Covered Spaces: 2

Showing Notification Methods

Showing Service: Aligned Showings

Contact Info

List Agent Home Phn: 602-803-2293

Sold Info

Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: $

Property Features

Special Listing Cond: N/A Add'l Property Use: None Architecture: Ranch Master Bathroom: 3/4 Bath Master Bdrm Additional Bedroom: Separate Bedroom Exit Flooring: Concrete Spa: None Community Features: Historic District Dining Area: Dining in LR/GR Kitchen Features: Gas Oven; Gas Range; Built-in Microwave; Refrigerator; Pantry Laundry: Washer Included; Dryer Included; In Garage Interior Features: Fix-Up Needs Repair; Vaulted Ceiling(s); Wet Bar; No Interior Steps Technology: Cable TV Avail; High Speed Internet Exterior Features: Patio; Storage Parking Features: Direct Access; Garage Door Opener Road Responsibility: City Maintained Road Construction: Block Const - Finish: Painted; Other (See Remarks) Roofing: Foam Cooling: Central Air; Ceiling Fan(s) Heating: Electric Plumbing: Gas Hot Water Heater Utilities: APS; SW Gas Water Source: City Water Sewer: Sewer - Public Services: City Services Fencing: Block; Other Property Description: North/South Exposure; Alley Landscaping: Desert Front; Desert Back; Grass Back; Yrd Wtring Sys Front; Auto Timer H2O Front; Irrigation Back Lockbox Type: See Private Remarks; None Possession: By Agreement Association Fee Incl: No Fees Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional Disclosures: Seller Discl Avail; Agency Discl Req

Listing Office: Russ Lyon Sotheby's International Realty

Office Phone: 480-585-7070

Office Email: bret.lamberson@russlyon.com

Last Updated: March - 23 - 2026