1427 S NEWBERRY Lane, Tempe, AZ 85281, Tempe, 85281 - 5 bed, 4 bath
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Tempe, AZ 85281
home near ASU with paid-off solar and $30,195 instant equity. Listed at $680,000, below market value. Ideal for investors or large families."
158 chars.
* *Wait, the prompt says*: "Full version: Single compelling paragraph (80-100 words)".
My draft:
This **High-Capacity Residential Asset** is a <span class="bg-green-100 px-1.5 py-0.5 rounded font-bold">Prime Investment Opportunity</span>, listed at **$680,000**—positioned well below the **$710,195 Fair Market Value** <span class="text-green-600 font-bold underline">by 4%</span>. This valuation gap offers <span class="text-green-600 font-bold underline">$30,195 in Instant Equity</span>. Maintaining a **Good Condition Rating**, the property features **paid-off solar panels**, **two primary suites**, and a 5-bedroom layout optimized for high-occupancy rental demand near **Arizona State University**. With access to the Light Rail and proximity to **McClintock High School** and **Connolly Middle School**, it balances financial upside with lifestyle utility. This is an ideal acquisition for <span class="text-blue-600 font-bold">Buy-and-Hold Investors</span> or <span class="text-purple-600 font-bold">Owner
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1427 S NEWBERRY Lane Subject | $680,000* List Price | 5 | 4 | 2,353 | $302 | - |
A 1418 S NEWBERRY Lane Active | $599,000 List Price | 3 | 4 | 1,685 | $355 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2008, this property falls within the 10-20 year age range for a 'good' condition rating. The home appears move-in ready with several recent functional updates, including a new hot water heater and cooktop in 2023 and a backyard refresh in 2021. The kitchen features stainless steel appliances and granite-style counters, while the bathrooms include double vanities and modern fixtures. The inclusion of paid-off solar panels and updated laminate flooring in the bedrooms adds value, though the overall aesthetic (dark cabinetry and tile) reflects its original construction era rather than a full modern renovation.
Situated minutes from Arizona State University with immediate access to the Light Rail and Orbit bus stops, offering exceptional convenience for students and commuters.
The inclusion of fully paid-off solar panels provides a significant financial advantage by reducing monthly utility costs in the Arizona heat.
Featuring five bedrooms, two primary suites, and dual dishwashers, the floor plan is optimized for multi-generational living or a high-occupancy rental strategy.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2353, other record living area = 2068. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
The property is currently tenant-occupied with a 'do not disturb' restriction, which complicates the showing process and may delay possession for owner-occupants.
Listing photos were taken prior to the current occupancy, potentially masking wear and tear or changes to the interior condition since the tenants moved in.
Prime Tempe location just minutes from Arizona State University! This 5-bedroom, 3.5-bath home features two primary suites, upstairs laundry, paid off solar, and 9-ft ceilings. The open kitchen offers an island with dual dishwashers, and flows into the family room. All upstairs full baths include double sinks. One primary bath has a separate tub and shower; the other features a spacious walk-in shower. HOA maintains the front yard; backyard is low maintenance. Conveniently located near Light Rail, Orbit bus stops, shopping, and dining. Updates include, new hot water heater and cooktop in 2023, backyard updated in 2021. Tenants fully occupied. Do not disturb tenants. Photos taken prior to current occupancy.
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 | 5.0 | 3.0 | 90% |
| Baths | 4.0 | 2.0 | 97% |
| Square foot | 2,353 | 1,552.5 | 97% |
| Lot Size | 4,041 | 7,050.5 | 17% |
| Price | $680.0K | $266.0K | 93% |
| Price per sq ft | $289 | $186 | 63% |
| Built year | 2008 | 1958 | 87% |
| HOA | $110 | $0 | 87% |
| Days on market | 41 | 2129 | 3% |
Mar 12, 2026
$680,000
Initial Listing