1041 E FAIRMONT Drive, Tempe, AZ 85282, Tempe, 85282 - 5 bed, 2 bath
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Tempe, AZ 85282
This Modernized Multi-Bedroom Residence is a Strong Value Opportunity, listed at $619,000—positioned well below the $660,624 Fair Market Value by 6%. This valuation gap provides $41,624 in Instant Equity. Boasting a Modern Condition Rating, the home features a rare 5-bedroom layout with an updated quartz kitchen and low-maintenance LVP flooring. Located within five miles of Arizona State University, it offers significant rental demand and lifestyle convenience. This property is an ideal acquisition for Owner-Occupants seeking space or Savvy Investors targeting high-occupancy assets.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1041 E FAIRMONT Drive Subject | $619,000* List Price | 5 | 2 | 2,223 | $301 | - |
A 2704 S TERRACE Road Sold | $630,000 | 5 | 2 | 2,024 | $311 | 0.3 mi |
B 429 E GREENWAY Drive Sold | $689,000 List Price | 6 | 2 | 2,790 | 0.9 mi | |
C 4526 S Terrace Road Sold | $525,000 | 4 | 2 | 1,732 | $303 | 0.9 mi |
D 1316 E CARTER Drive Sold | $699,995 | 4 | 2 | 2,052 | $341 | 1.0 mi |
E 501 E HERMOSA Drive Sold | $539,000 List Price | 3 | 2 | 1,642 | 0.8 mi | |
F 3626 S NEWBERRY Road Sold | $449,750 List Price | 4 | 3 | 2,150 | 0.5 mi | |
G 644 E LA JOLLA Drive Active Under Contract | $635,000 List Price | 5 | 2 | 2,190 | $290 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property features a recent renovation (likely <5 years) with an updated kitchen including quartz countertops and new stainless steel appliances. The interior has been refreshed with modern LVP and tile flooring, fresh paint, and updated fixtures, while the exterior shows well-maintained landscaping and a modern color palette, making it move-in ready.
A 5-bedroom layout is exceptionally rare for this submarket, offering significant versatility for large families or investors looking to maximize rental occupancy.
The property features an updated kitchen with quartz countertops and stainless steel appliances, complemented by tile and LVP flooring throughout for a clean, carpet-free environment.
Located within five miles of Arizona State University and Tempe Town Lake, the property is ideally positioned for high rental demand and long-term appreciation.
With five bedrooms but only two bathrooms, the home may face functional challenges for high-occupancy living or multi-tenant rental scenarios.
Built in 1965, the property may require more frequent maintenance or future capital improvements to aging systems common in mid-century homes.
Welcome to Fairmont Dr in Tempe, a rare 5 bedroom home offering tile flooring through main areas and LVP flooring in all bedrooms with no carpet, ideal for clean, low maintenance living. The updated kitchen features upgraded quartz counters, new stainless steel appliances, and great flow for everyday use and entertaining. Indoor laundry adds convenience, and the flexible layout offers space for guests, work, or growing households. Plenty of parking for up to 6 cars adds everyday functionality. Homes with five bedrooms and solid surface flooring are hard to find. Located within 5 miles of Tempe Town Lake, Arizona State University, Tempe Marketplace, Desert Botanical Garden, and Phoenix Zoo, this location also offers strong potential as an income investment property near the ASU campus.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 87% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,223 | 1,669 | 79% |
| Lot Size | 8,538 | 8,357 | 65% |
| Price | $619.0K | $185.8K | 88% |
| Price per sq ft | $278 | $112 | 62% |
| Built year | 1965 | 1970 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 45 | 2445 | 2% |
Apr 22, 2026
$619,000
Initial Listing