1554 W 5TH Place, Tempe, AZ 85281, Tempe, 85281 - 4 bed, 2 bath
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Tempe, AZ 85281
This Spacious Corner-Lot Residence is a Strong Value Opportunity with a List Price of $419,000—positioned well below the $459,723 Fair Market Value by 8%. This valuation gap offers $40,723 in Instant Equity for buyers. The home maintains a Fair Condition Rating with essential high-cost updates already completed, including a 2024 A/C, 2016 roof, and dual-pane windows. While the interior requires cosmetic modernization, the functional 4-bedroom layout and private patio provide significant upside near ASU and Scales Technology Academy. It is a perfect acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1554 W 5TH Place Subject | $419,000* List Price | 4 | 2 | 1,596 | $288 | - |
A 1245 W 11TH Street Sold | $480,000 | 4 | 2 | 1,503 | $319 | 0.7 mi |
B 1245 W 9th Street Sold | $480,000 | 3 | 2 | 1,501 | $320 | 0.5 mi |
C 1372 W 15TH Street Sold | $449,000 | 5 | 3 | 2,182 | $206 | 0.9 mi |
D 1305 W 7TH Place Pending | $499,777 List Price | 4 | 2 | 1,498 | $334 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is in fair condition because while it features essential high-cost updates—such as a brand-new A/C (2024), a newer roof (2016), and energy-efficient dual-pane windows—the interior remains largely unrenovated. The kitchen is significantly dated with older painted cabinetry, vintage appliances, and floral wallpaper borders. Additionally, the home features popcorn ceilings and older carpeting. It is a well-maintained 'blank canvas' that is functional but requires a full cosmetic overhaul to meet modern standards.
The property features significant high-cost improvements, including a brand-new A/C system (2024), a newer roof (2016), and energy-efficient dual-pane windows, minimizing immediate capital expenditures for the buyer.
Situated on a corner lot, the home offers enhanced privacy, additional yard space, and superior curb appeal compared to standard interior lots within the subdivision.
With 4 bedrooms and nearly 1,600 square feet of living space, the property provides a generous and versatile floor plan that serves as an ideal foundation for a custom renovation or investment.
Marketed as a 'blank canvas,' the interior requires a full cosmetic update to meet modern aesthetic standards, which will necessitate a significant additional budget and timeline after closing.
The assigned middle and high schools carry lower performance ratings (3/10), which may limit the property's appeal to families prioritizing top-tier educational districts.
This charming 4-bedroom, 2-bath home offers a fantastic opportunity for buyers looking to create their dream space. Situated on a desirable corner lot, the property provides added privacy, extra space, and great curb appeal! With major updates already completed, including a newer roof (2016), A/C (2024) & energy-efficient dual pane windows, the big-ticket items are taken care of**Inside, you'll find a functional layout with plenty of natural light and generous living spaces, providing the perfect foundation to customize and make it your own. Whether you're envisioning modern upgrades or a personalized design touch, this home is truly a blank canvas ready for your vision. Ideal for homeowners or investors alike, this property combines solid improvements with endless potential. Don't miss your chance to turn this house into something special!
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 0.8 mi
Grades 9-12 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 63% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,596 | 1,552.5 | 60% |
| Lot Size | 6,939 | 7,100 | 50% |
| Price | $419.0K | $266.0K | 63% |
| Price per sq ft | $263 | $186 | 60% |
| Built year | 1959 | 1958 | 53% |
| HOA | $0 | $0 | 50% |
| Days on market | 58 | 2129 | 3% |
Feb 23, 2026
$419,000
Initial Listing