1300 W 5TH Street 1007, Tempe, AZ 85281, Tempe, 85281 - 2 bed, 2 bath
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Tempe, AZ 85281
This Contemporary Townhome is a Strong Value Opportunity, listed at $550,000—positioned well above the $533,668 Fair Market Value by 3%. Despite the premium, the property maintains an Excellent Condition Rating due to recent 2023-2025 upgrades, including a new HVAC and LVP flooring. Featuring a split-level floorplan, private enclosed patio, and mountain views, this home offers a sophisticated urban lifestyle near ASU. It is an ideal acquisition for Buy-and-Hold Investors seeking rental demand or Owner-Occupants prioritizing a turnkey, modern living space.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1300 W 5TH Street 1007 Subject | $550,000* List Price | 2 | 2 | 1,531 | $349 | - |
A 570 W 6TH Street Active | $465,000 List Price | 2 | 3 | 1,536 | $303 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 2010, the property qualifies as Excellent due to significant renovations within the last 5 years, including new LVP flooring (2024), exterior paint (2024), and a new HVAC system (2023). The kitchen and bathrooms are in mint, contemporary condition with no deferred maintenance.
The property features significant recent upgrades including a new A/C unit (2023), luxury vinyl plank flooring (2024), and fresh exterior paint (2024), significantly reducing immediate maintenance costs for the buyer.
Ideally situated less than 2 miles from ASU and Tempe Town Lake with easy access to the Valley Metro Rail and Sky Harbor Airport, offering high convenience and strong rental potential.
The contemporary design is enhanced by floor-to-ceiling windows, skylights, and mountain views, creating a bright and sophisticated living environment that is rare for the area.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1531, other record living area = 1495.
The assigned middle and high schools have lower performance ratings (3/10), which may deter families prioritizing high-quality public education.
The multi-level floor plan with the primary living area on the upper floor may be a drawback for buyers with mobility concerns or those preferring a traditional single-story layout.
Rare find! Contemporary townhome in the heart of Tempe. Floor-to-ceiling windows, skylights, luxury vinyl flooring throughout, split-level floorplan & two-car garage. Recent major upgrades include a new A/C unit (2023), LVP flooring (2024), exterior paint (2024), & front door (2025). This thoughtfully designed home offers a versatile lower level with a bedroom, full bath, private enclosed patio, & den/office. Upstairs, you'll find an expansive living area with a walkout balcony, open-concept kitchen & dining, a second bedroom with walk-in closet, bathroom with double-vanity, & laundry area. Conveniently located less than 2 miles from ASU, Whole Foods & Tempe Town Lake. Easy access to the Valley Metro Rail System & Sky Harbor Airport. Don't miss this one!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 0.6 mi
Grades 9-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,531 | - |
| Lot Size | 1,871 | - |
| Price | $550.0K | $315.5K |
| Price per sq ft | $359 | $270 |
| Built year | 2010 | 0 |
| HOA | $310 | $0 |
| Days on market | 35 | 2203 |
Jun 17, 2026
$550,000
Initial Listing