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: 5/23/2025

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.

More Information MLS# 6721817

Contract Information

Type: Exclusive Right To Sell Ownership: Fee Simple Co-Ownership (Fractional) Agreement YN: No Sold Price: $565,000 Status: Closed Current Price: $565,000 List Date: 2024-06-20

Location, Tax & Legal

Assessor's Map #: 15 Assessor's Parcel #: 37 Tax Municipality: Tempe Taxes: 1927 House Number: 316 Compass: E Street Name: Broadway St Suffix: Lane City/Town Code: Tempe State/Province: AZ Zip Code: 85282 County Code: Maricopa Assessor Number: 133-15-037 Subdivision: University Terrace Tax Year: 2023

General Property Description

Dwelling Styles: Detached # of Interior Levels: 1 Approx SQFT: 1947 Price/SqFt: 290.19 Approx Lot SqFt: 8607 Approx Lot Acres: 0.198 Horses: N Builder Name: Unknown Lead Based Hazard Disclosure: 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 Community Pool Y/N: No Private Pool Y/N: No Fireplace YN: Yes Fireplaces Total: 1 Dwelling Type: Single Family Residence Exterior Stories: 1 # Bedrooms: 3 Total Bathrooms: 2 Year Built: 1954

Special Listing Cond

N/A: 1

Construction

Block: 1

Const - Finish

Painted: 1 Other (See Remarks): 1

Roofing

Foam: 1

Association & Fees

HOA Y/N: N PAD Fee Y/N: N Land Lease Fee Y/N: N Ttl Mthly Fee Equiv: 0

Showing Notification Methods

Showing Service: Aligned Showings

Lockbox Type

See Private Remarks: 1 None: 1

Architecture

Ranch: 1

Master Bathroom

3/4 Bath Master Bdrm: 1

Additional Bedroom

Separate Bedroom Exit: 1

Add'l Property Use

None: 1

Flooring

Concrete: 1

Community Features

Historic District: 1

Dining Area

Dining in LR/GR: 1

Heating

Electric: 1

Kitchen Features

Gas Oven: 1 Gas Range: 1 Built-in Microwave: 1 Pantry: 1 Refrigerator: 1

Cooling

Ceiling Fan(s): 1 Central Air: 1

Interior Features

Fix-Up Needs Repair: 1 Vaulted Ceiling(s): 1 Wet Bar: 1 No Interior Steps: 1

Laundry

Washer Included: 1 Dryer Included: 1 In Garage: 1

Basement

Basement Y/N: N

Separate Den/Office

Sep Den/Office Y/N: Y

Road Responsibility

City Maintained Road: 1

Technology

Cable TV Avail: 1 High Speed Internet: 1

Fencing

Block: 1 Other: 1

Water Source

City Water: 1

Exterior Features

Patio: 1 Storage: 1

Spa

None: 1

Sewer

Sewer - Public: 1

Parking Spaces

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

Parking Features

Direct Access: 1 Garage Door Opener: 1

New Financing

Cash: 1 Conventional: 1

Plumbing

Gas Hot Water Heater: 1

Utilities

APS: 1 SW Gas: 1

Existing 1st Loan

Treat as Free&Clear: 1

Property Description

North/South Exposure: 1 Alley: 1

Landscaping

Desert Front: 1 Desert Back: 1 Grass Back: 1 Yrd Wtring Sys Front: 1 Auto Timer H2O Front: 1 Irrigation Back: 1

Services

City Services: 1

Contact Info

List Agent Home Phn: 602-803-2293

Disclosures

Seller Discl Avail: 1 Agency Discl Req: 1

Possession

By Agreement: 1

Association Fee Incl

No Fees: 1

Assoc Rules/Info

None: 1

Sold Info

Loan Type: Conventional Loan Years: 30 Closing Cost Split: Normal - N Payment Type: Fixed Buyer Concession to Seller: 0 Buyer Concession $/%: % Seller Concession to Buyer: 0 Seller Concession $/%: $

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. Geo Lat: 33.407795 Geo Lon: -111.932945

Status Change Info

Off Market Date: 2024-06-30 Under Contract Date: 2024-06-22 Close of Escrow Date: 2024-07-25 Sold Price: $565,000

Legal Info

Lot Number: 35

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

Last Updated: May - 23 - 2025