1349 W 12TH Street, Tempe, AZ 85281, Tempe, 85281 - 4 bed, 2 bath
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Tempe, AZ 85281
This Single Family Residence presents a Strong Value Opportunity, listed at $529,900—positioned well below the $554,792 Fair Market Value by 4%. This valuation gap offers $24,892 in Instant Equity for the buyer. Featuring a Condition Rating of 4, the home includes a Covered Patio and a spacious lot. While the interior finishes are dated, the central location near ASU provides high rental demand, making this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1349 W 12TH Street Subject | $529,900* List Price | 4 | 2 | 1,833 | $303 | - |
A 1245 W 11TH Street Sold | $480,000 | 4 | 2 | 1,503 | $319 | 0.1 mi |
B 1245 W 9th Street Sold | $480,000 | 3 | 2 | 1,501 | $320 | 0.4 mi |
C 1554 W 5TH Place Pending | $419,000 List Price | 4 | 2 | 1,596 | $263 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979 (45 years old) with renovations that appear to be 15-20 years old, including black appliances and granite-style counters. While the home is well-maintained and move-in ready, the overall aesthetic and systems are dated, fitting the criteria for a property needing minor updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7471, living area = 1833.
Situated minutes from ASU, Tempe Town Lake, and major employment hubs, this property offers exceptional convenience and high rental potential in a high-demand area.
The absence of a homeowners association provides residents with greater property freedom and lower monthly carrying costs, a significant financial advantage for both owners and investors.
The assigned elementary, middle, and high schools all carry a rating of 3, which may be a deterrent for families prioritizing high-performing public education.
Built in 1979 and featuring 'granite-style' counters rather than solid stone, the home may require further modernization to compete with higher-end renovations in the Tempe market.
Experience the charm and convenience of Tempe living at 1349 W 12th Street. This inviting home offers a spacious living room and a bright kitchen with white cabinetry, black appliances, granite-style counters, and a cozy dining nook. All major appliances are included--refrigerator, electric range, microwave, dishwasher, washer, and dryer--making move-in easy. The private backyard features mature trees, a covered patio, and an oversized storage shed, creating a relaxing space with room to personalize. Located just minutes from ASU, Tempe Town Lake, shopping, dining, and major employers, this home blends comfort, lifestyle, and an unbeatable central location.
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades 6-8 • 0.3 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,833 | - |
| Lot Size | 7,471 | - |
| Price | $529.9K | $562.2K |
| Price per sq ft | $289 | $326 |
| Built year | 1979 | 0 |
| HOA | $0 | $0 |
| Days on market | 26 | 2615 |
Jun 26, 2026
$529,900
Initial Listing