1111 W UNIVERSITY Drive 1016, Tempe, AZ 85281, Tempe, 85281 - 1 bed, 2 bath
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Tempe, AZ 85281
This Modern Live/Work Townhouse offers a rare dual-purpose layout in Tempe, featuring a List Price of $349,000 reflecting the unique utility of its Retail/Commercial Space relative to the $328,392 Fair Market Value. Boasting a Condition Rating of 3, the interior is move-in ready with New LVP Flooring and Stainless Steel Appliances. Located in a gated community with a Pool and Fitness Center near Gililland Middle School, the property provides a seamless blend of business and lifestyle. This is a premier choice for Entrepreneurs or Owner-Occupants seeking high-walkability near ASU and Mill Avenue.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1111 W UNIVERSITY Drive 1016 Subject | $349,000* List Price | 1 | 2 | 1,137 | $289 | - |
A 122 S HARDY Drive 28 Sold | $305,000 | 2 | 3 | 1,120 | $272 | 0.5 mi |
B 754 S Beck Avenue Active | $449,900 List Price | 3 | 3 | 1,218 | $369 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and falls within the 10-20 year age bracket (built 2005). It features recent interior updates including new LVP and wood-look tile flooring. The kitchen is well-maintained with modern stainless steel appliances. While the cabinetry and bathroom fixtures appear to be original to the construction, they are in good condition with minimal wear, requiring no immediate renovation.
The property features a rare retail/commercial space in the front with a private residence in the back, offering exceptional versatility for entrepreneurs or small business owners.
Located in the heart of Tempe near ASU, Mill Avenue, and the Light Rail, the unit offers high walkability and convenient access to major freeways and entertainment.
The unit boasts updated LVP and wood tile flooring, a large kitchen with stainless steel appliances, and access to a gated community with a pool, fitness center, and secure underground parking.
The monthly HOA fee of $558 is relatively high for a one-bedroom unit, which may impact overall affordability and the buyer's debt-to-income ratio.
The assigned elementary, middle, and high schools all carry a rating of 3, which could be a deterrent for families and potentially affect future resale value.
Don't miss out on this amazing modern Condo! This unit includes a LIVE/WORK space with a large retail / commercial space in the front of the building with living space in the back. The resident side has an open floor plan with new LVP flooring in bedroom and office, beautiful wood tile flooring and a large kitchen with stainless steel appliances. The home is in a Gated Community with underground, secure garage parking! Community features include: Pool, fitness center, spa, and walk path. Close to ASU, Mill Ave, 101 Freeway, Light Rail, etc.
No exterior & parking available.
Grades PK-5 • 0.8 mi
Grades 6-8 • 0.3 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 23% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,137 | 1,230 | 46% |
| Lot Size | 1,206 | 1,700 | 38% |
| Price | $349.0K | $243.0K | 77% |
| Price per sq ft | $307 | $225 | 92% |
| Built year | 2005 | 1986 | 77% |
| HOA | $558 | $189 | 92% |
| Days on market | 58 | 2730 | 8% |
Feb 23, 2026
$349,000
Initial Listing