1320 E MARNY Road, Tempe, AZ 85288, Tempe, 85288 - 3 bed, 2 bath
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Tempe, AZ 85288
This Move-in Ready Townhouse represents a High-Potential Investment Opportunity, listed at $375,000—positioned well below the $477,219 Fair Market Value by 21%. This significant valuation gap provides $102,219 in Instant Equity. Featuring an Excellent Condition Rating with modern marble finishes and a two-car garage, the property offers immediate rental appeal near ASU. With resort-style amenities including a pool and spa, this is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a turnkey, high-value asset in a prime Tempe location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1320 E MARNY Road Subject | $375,000* List Price | 3 | 2 | 1,374 | $347 | - |
A 1430 N DORSEY Lane Active | $390,000 List Price | 3 | 2 | 1,374 | $284 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1987, the property has undergone a recent renovation (<5 years) including fresh interior paint, updated kitchen cabinetry with marble finishes, and newer appliances. The bathrooms feature modern subway tile and updated vanities, placing the home in mint, move-in-ready condition.
Situated just minutes from ASU, Downtown Tempe, and major medical centers, this property offers exceptional convenience and high rental potential for investors or students.
The home features fresh paint, updated kitchen cabinetry, and premium marble finishes, providing a move-in-ready aesthetic and reducing immediate renovation costs.
As an interior corner unit within a gated community, the property offers enhanced privacy and includes a rare two-car garage, adding significant functional value.
The monthly association fee of $332 adds a significant recurring expense that may impact the overall affordability for budget-conscious buyers.
Built in 1987, the property may require ongoing maintenance or future capital improvements to aging structural components despite the recent cosmetic updates.
Welcome to the highly sought-after gated community of River Run! Whether you're looking for a winter retreat, an investment property near ASU, or the perfect starter home, this beautifully updated residence checks all the boxes. Desirable interior corner Unit. The home features fresh interior paint, updated kitchen cabinetry, newer appliances, and elegant polished marble finishes. A spacious two-car garage provides convenience. Residents enjoy resort-style community amenities, including a pool, relaxing spa, and tennis courts. Ideally located just 7 minutes from ASU, Banner Hospital, Downtown Tempe, Tempe Marketplace, and Downtown Scottsdale. Quick access to Phoenix Sky Harbor International Airport,Sloan Park, the Phoenix Zoo, Desert Botanical Gardens, shopping, dinning & the Loop 101.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,374 | - |
| Lot Size | 1,729 | - |
| Price | $375.0K | $315.5K |
| Price per sq ft | $273 | $270 |
| Built year | 1987 | 0 |
| HOA | $332 | $0 |
| Days on market | 30 | 2203 |
Jun 22, 2026
$375,000
Initial Listing