1418 S NEWBERRY Lane, Tempe, AZ 85281, Tempe, 85281 - 3 bed, 4 bath
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Tempe, AZ 85281
This Prime ASU-Area Residential Asset is listed at $599,000, reflecting its premium location and high rental demand relative to the $569,536 Fair Market Value. Boasting a Good Condition Rating, the interior features a Granite Kitchen, fresh paint, and new carpeting. The specialized layout includes three spacious bedrooms, each with a private ensuite bathroom, maximizing utility for student housing. With a Community Greenbelt View and immediate access to the Light Rail, this property offers long-term stability. It is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey house-hack opportunity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1418 S NEWBERRY Lane Subject | $589,000* List Price | 3 | 4 | 1,685 | $342 | - |
A 1427 S NEWBERRY Lane Active Under Contract | $680,000 List Price | 5 | 4 | 2,353 | $289 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2012, this property falls perfectly into the 10-20 year age bracket for a 'good' condition rating. The home is move-in ready and features recent cosmetic updates including fresh interior paint, new plush carpeting, and updated light fixtures/fans. While the kitchen and bathrooms appear to retain their original 2012 cabinetry and black appliances, they are well-maintained with granite countertops and show minimal wear, requiring no immediate renovation.
Situated just a quarter-mile from the ASU campus and steps from the Light Rail, this property offers unparalleled convenience for students and faculty, ensuring high rental demand and long-term value.
Each of the three spacious bedrooms features its own private ensuite bathroom and walk-in closet, a highly sought-after configuration that maximizes privacy and rental income potential.
Built in 2012 and recently updated with fresh interior paint, new carpeting, and modern fixtures, this home is move-in ready and requires minimal immediate capital expenditure.
The property sits on a relatively small 3,153-square-foot lot, which limits private outdoor space and may not appeal to buyers looking for a large yard or significant gardening area.
The local public schools are rated between 4 and 5, which may be a drawback for families prioritizing top-tier educational districts compared to other nearby suburban options.
AAA+++ Location - Prime ASU-Area. A SFD Property w/Great Income Potential. Discover this spacious & exceptionally well-maintained 3BD/3.5BA home, perfectly positioned just ¼ mile from ASU campus, Downtown Tempe & steps from the Light Rail. An outstanding opportunity for owner-occupants, investors, or those seeking prime student housing. Interior Features: Tile flooring throughout main living areas with plush new carpeting in all the very generously sized bedrooms, each with private ensuite bathrooms & walk-in closets--ideal for roommate living. Modern kitchen with sleek cabinetry, granite countertops, & walk-in pantry. Thoughtful open layout maximizing livability & functionality downstairs & privacy upstairs. Fresh new interior paint throughout w/updated fixtures, fans & lighting. Outdoor Living: Covered patio perfect for year-round Arizona enjoyment Low-maintenance desert landscaped backyard designed for easy care & privacy. Borders tranquil community greenbelt offering enhanced privacy and natural open space views. Unbeatable Location: Quarter mile to/from ASU campus Light Rail access very nearby Heart of Tempe's most sought-after neighborhood Minutes away from Tempe Town Lake & Tempe Marketplace Whether you're looking for a turnkey rental property, student housing investment, or a comfortable home in an ultra-convenient Tempe location, this property truly delivers.
No exterior & parking available.
Grades K-5 • 1.3 mi
Grades 6-8 • 1.3 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 2.0 | 97% |
| Square foot | 1,685 | 1,552.5 | 70% |
| Lot Size | 3,153 | 7,050.5 | 17% |
| Price | $589.0K | $266.0K | 90% |
| Price per sq ft | $350 | $186 | 87% |
| Built year | 2012 | 1958 | 87% |
| HOA | $110 | $0 | 87% |
| Days on market | 76 | 2129 | 3% |
Apr 16, 2026
$589,000
$599,000
-2% Price Drop
Initial Listing
Feb 5, 2026
$599,000
Initial Listing