1111 E UNIVERSITY Drive 239, Tempe, AZ 85288, Tempe, 85288 - 1 bed, 1 bath
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Tempe, AZ 85288
This Prime University-Adjacent Condominium is listed at $200,000, reflecting a stable valuation aligned with its $190,442 Fair Market Value. Maintaining a Condition Rating of 4, the unit features In-Unit Laundry, Laminate Flooring, and Balcony Views, offering a move-in ready environment with potential for value-add cosmetic updates to its 1981 finishes. Its location provides unparalleled access to ASU, Tempe Town Lake, and Tempe Marketplace, ensuring long-term desirability and high rental demand. This property represents a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants looking to capitalize on the robust Tempe market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1111 E UNIVERSITY Drive 239 Subject | $190,000* List Price | 1 | 1 | 631 | $299 | - |
A 1111 E UNIVERSITY Drive 224 Sold | $220,000 | 1 | 1 | 631 | $349 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1981, this property is aged but has been maintained with some updates like laminate and tile flooring. However, it retains dated features such as popcorn ceilings, older-style wood cabinetry, and basic light fixtures. It is move-in ready but lacks the comprehensive modern renovation or more recent construction date required for a higher rating.
The property is ideally situated within walking distance to ASU, Tempe Town Lake, and Tempe Marketplace, making it a high-demand location for students and urban professionals.
Featuring its own private laundry and including all appliances, this unit offers a level of convenience and value that is often missing in older condominium complexes.
The interior features durable laminate and tile flooring throughout, providing a modern aesthetic that is easy to maintain and well-suited for the desert climate.
At 631 square feet, the compact interior may feel restrictive for buyers seeking extra storage or a more spacious living environment.
Built in 1981, the property may require future investments in modernizing systems or aesthetic updates to keep pace with newer luxury developments in the Tempe area.
Great opportunity for a 1 BR upstairs unit with its own laundry. Balcony views, easy pool access, laminate and tile floors. All appliances included. Stone's throw from ASU campus, Tempe Town Lake and Marketplace, shopping, freeway access, bike and bus paths. One covered parking spot.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1981 | - | 0% |
| HOA | $250 | $0 | 0% |
| Days on market | - | - | 0% |
May 3, 2026
$190,000
$195,000
-3% Price Drop
Initial Listing
Apr 22, 2026
$195,000
$200,000
-2% Price Drop
Initial Listing
Mar 23, 2026
$200,000
Initial Listing