1407 E MALIBU Drive, Tempe, AZ 85282, Tempe, 85282 - 3 bed, 3 bath
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Tempe, AZ 85282
This Spacious Townhouse is a High-Potential Investment Opportunity, listed at $375,000—positioned well below the $385,150 Fair Market Value by 2%. This valuation gap offers $10,150 in Instant Equity. Featuring a Condition Rating of 4, the home includes major recent upgrades like a 2026 Roof and 2024 AC. While the interior offers room for cosmetic modernization, the prime location near ASU and major freeways ensures strong demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1407 E MALIBU Drive Subject | $375,000* List Price | 3 | 3 | 1,704 | $226 | - |
A 1724 E BAKER Drive Sold | $357,000 | 3 | 2 | 1,544 | $231 | 0.7 mi |
B 3320 S JUNIPER Street Active | $365,000 List Price | 3 | 3 | 1,704 | $214 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the property features excellent recent system updates including a new roof (2026) and AC (2024), the interior remains dated. The kitchen retains older dark wood cabinetry, a fluorescent drop-ceiling, and an aged cooktop. Additionally, the presence of popcorn ceilings and older bathroom finishes indicates the home is functional but requires cosmetic modernization to meet current market standards.
The property features a brand-new roof (2026) and a new AC system (2024), providing significant capital expenditure savings and long-term peace of mind for the buyer.
Ideally situated near ASU, Tempe Marketplace, and major freeways (101, 202, and US-60), this home offers exceptional convenience for students, faculty, and commuters.
With updated bathrooms, new windows and sliding doors from 2022, and a spacious 3-bedroom layout, the home is modernized and ready for immediate occupancy.
Built in 1970, the property may possess aging plumbing or electrical components common to its era that are not visible in the recent cosmetic updates.
While the elementary school is highly rated, the assigned middle and high schools carry average ratings, which may be a factor for families prioritizing top-tier education districts.
Beautifully updated townhome in the heart of Tempe! This move-in ready home offers spacious living areas, abundant natural light, and tasteful upgrades throughout. Upstairs you will find generously sized bedrooms, updated bathrooms, new windows and sliding glass door updated in 2022. Major recent improvements include a NEW ROOF in 2026 and NEW AC in 2024, offering added value and peace of mind. Enjoy the private patio space, covered parking, and low-maintenance living. Conveniently located near ASU, Tempe Marketplace, shopping, dining, parks, and easy access to the 101, 202, and US-60.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades 6-8 • 1.2 mi
Grades 9-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 69% |
| Square foot | 1,704 | 1,513 | 69% |
| Lot Size | 2,065 | 2,522 | 44% |
| Price | $375.0K | $345.9K | 63% |
| Price per sq ft | $220 | $239 | 38% |
| Built year | 1970 | 1972 | 44% |
| HOA | $240 | $166 | 88% |
| Days on market | 17 | 2222 | 6% |
May 20, 2026
$375,000
Initial Listing