1131 W ROMO JONES Street, Tempe, AZ 85281, Tempe, 85281 - 3 bed, 2 bath
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Tempe, AZ 85281
This Turnkey Residential Asset represents a Strong Value Opportunity, listed at $435,000—positioned well above the $395,961 Fair Market Value by 9%. While the price reflects a premium, the property features a Mint Condition Rating following comprehensive infrastructure updates, including new HVAC, electrical, and plumbing. Its prime location near ASU and Mill Avenue offers high rental demand, while the large lot provides significant customization potential. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready home in central Tempe.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1131 W ROMO JONES Street Subject | $435,000* List Price | 3 | 2 | 1,105 | $358 | - |
A 1812 S SHAFER Drive Sold | $456,000 | 3 | 2 | 1,274 | $358 | 0.8 mi |
B 901 W 16TH Street Sold | $425,600 | 3 | 2 | 1,480 | $288 | 0.6 mi |
C 1052 W ELNA RAE Street Active Under Contract | $449,999 List Price | 3 | 2 | 1,120 | $402 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive recent renovation (under 5 years) including a new roof, HVAC, electrical, and plumbing systems. The interior features a modern kitchen with white shaker cabinets, stone countertops, and stainless steel appliances, along with updated flooring and recessed lighting throughout, meeting the criteria for mint condition.
The property features significant capital improvements including a new roof, HVAC system, electrical, and plumbing, minimizing immediate maintenance costs and providing peace of mind for the buyer.
Situated just minutes from Arizona State University and Mill Avenue, this home offers exceptional proximity to major employment hubs, entertainment, and dining, making it ideal for students or professionals.
The spacious lot provides a blank canvas for outdoor customization or expansion without the restrictions or monthly fees associated with a homeowners association.
The assigned elementary, middle, and high schools all carry a rating of 3, which may be a significant drawback for families prioritizing high-performing academic districts.
At only 1,105 square feet for a three-bedroom, two-bathroom configuration, the interior living spaces and bedrooms may feel compact compared to modern residential standards.
Step inside this beautifully remodeled 3 bed 2 bath home, in the heart of Tempe. Just minutes from Mill Ave and ASU, this beautiful home has been almost fully redone. From the roof and HVAC to the electrical and plumbing, all the major areas are new with the availability to add the finishing touches to make it your own. This home sits on a large lot, with a blank canvas to create your own oasis and no HOA. This is the perfect house in the center of everything Tempe has to offer.
No exterior & parking available.
Grades PK-5 • 0.7 mi
Grades 6-8 • 0.2 mi
Grades 9-12 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,105 | 1,546 | 17% |
| Lot Size | 6,103 | 6,682 | 22% |
| Price | $435.0K | $0 | 65% |
| Price per sq ft | $394 | $0 | 96% |
| Built year | 1959 | 1959 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 2174 | 4% |
May 27, 2026
$435,000
Initial Listing