1533 W 7TH Street, Tempe, AZ 85281, Tempe, 85281 - 5 bed, 3 bath
Loading property details...
Tempe, AZ 85281
This Strong Value Opportunity is a 5-bedroom, 3-bath residence listed at $549,900, positioned well below the $550,402 Fair Market Value by 0.09%. Featuring a Mint Condition Rating with recent upgrades like newer HVAC and dual-pane windows, this home offers a turnkey layout ideal for high-demand student housing or multi-generational living. While school ratings are moderate, the proximity to ASU and Downtown Tempe ensures long-term rental stability. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a modernized, low-maintenance asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1533 W 7TH Street Subject | $549,900* List Price | 5 | 3 | 2,086 | $264 | - |
A 1372 W 15TH Street Sold | $449,000 | 5 | 3 | 2,182 | $206 | 0.8 mi |
B 1100 W 9TH Street Sold | $539,000 List Price | 3 | 2 | 1,588 | 0.6 mi | |
C 1555 W 6TH Street Pending | $520,000 List Price | 4 | 3 | 1,936 | $269 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1961, the property has undergone a comprehensive recent renovation (likely within the last 5 years) as evidenced by the modern kitchen with quartz countertops, stainless steel appliances, and updated wood-look tile flooring throughout. The listing also confirms newer HVAC units and dual-pane windows, meeting the criteria for mint condition with no immediate maintenance required.
Situated just minutes from ASU and Downtown Tempe, the property offers exceptional proximity to major employment hubs, entertainment, and campus life, ensuring high demand.
Recent remodels including newer A/C units and dual-pane windows provide significant value by improving energy efficiency and reducing immediate capital expenditure for the buyer.
The rare 5-bedroom, 3-bath configuration in a non-HOA community makes this an ideal turnkey investment property for student housing or large multi-generational families.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2086, other record living area = 1524.
The assigned middle and high schools have lower performance ratings (3/10), which may limit the property's appeal to families prioritizing public education quality.
Originally built in 1961, the home may still harbor aged core systems or structural elements typical of its era that could require future attention despite recent cosmetic updates.
Beautiful 5-bedroom, 3-bath home in the heart of Tempe, just minutes from ASU and Downtown Tempe. Recently remodeled with numerous upgrades including newer A/C units, dual-pane windows, and updated finishes throughout. Spacious floor plan offers plenty of room for comfortable living or an excellent investment opportunity. Conveniently located near shopping, dining, entertainment, and freeway access.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 0.6 mi
Grades 9-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 91% |
| Baths | 3.0 | 2.0 | 91% |
| Square foot | 2,086 | 1,548 | 91% |
| Lot Size | 6,578 | 6,651.5 | 45% |
| Price | $549.9K | $0 | 91% |
| Price per sq ft | $264 | $0 | 64% |
| Built year | 1961 | 1959 | 59% |
| HOA | $0 | $0 | 50% |
| Days on market | 20 | 2199 | 5% |
May 26, 2026
$549,900
Initial Listing