15565 E TEPEE Drive, Fountain Hills, AZ 85268, Fountain Hills, 85268 - 2 bed, 2 bath
Loading property details...
Fountain Hills, AZ 85268
This Well-Maintained Single-Family Residence is a Prime Investment Opportunity with a List Price of $575,000—positioned well below the $592,564 Fair Market Value by 2%. This valuation gap provides $17,564 in Instant Equity for the incoming buyer. While maintaining a Fair Condition Rating due to its 1979 construction, the property features a rare RV-ready infrastructure, mountain views, and no HOA restrictions. The versatile Arizona room and expansive lot offer significant lifestyle utility and modernization upside. This asset is ideal for Owner-Occupants seeking a functional retreat or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15565 E TEPEE Drive Subject | $575,000* List Price | 2 | 2 | 1,879 | $315 | - |
A 15612 E GRASSLAND Drive Sold | $549,999 List Price | 3 | 2 | 1,800 | 0.2 mi | |
B 16625 N AGATE KNOLL Place Sold | $515,000 | 3 | 3 | 1,473 | $350 | 0.3 mi |
C 16413 N DIXIE MINE Trail Sold | $650,000 | 3 | 2 | 1,753 | $371 | 0.1 mi |
D 15830 E RUSKIN Lane Active | $569,000 List Price | 4 | 3 | 1,865 | $305 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is exceptionally clean and well-maintained, but it fits the 'fair' criteria due to its age (built in 1979) and the timing of its updates. The kitchen features Corian countertops and raised-panel wood cabinetry that appear to be from a renovation 15-25 years ago, paired with older black appliances rather than modern stainless steel. While move-in ready, the architectural details like the Kiva-style fireplace and built-in drywall media niches are dated. The home shows regular upkeep but lacks the recent, high-end full renovation required for a 'good' or 'excellent' rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12345, living area = 1879.
The property features a complete RV setup with water, electrical, and sewer access, providing a rare and highly valuable amenity for outdoor enthusiasts.
With an association fee of zero, this home offers owners greater financial freedom and fewer property restrictions compared to many neighboring communities.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1879, other record living area = 1772.
Built in 1979, the home may eventually require capital improvements to its original systems or aesthetic updates to compete with more modern builds in the area.
The two-bedroom layout, despite the nearly 1,900 square foot size, may limit the property's appeal to larger families or buyers specifically seeking a three-bedroom residence.
Clean, well-maintained home in a highly desirable location. This 2-bedroom plus den residence offers an open, light-filled floor plan designed for comfortable living. The spacious eat-in kitchen features Corian countertops & abundant cabinetry, while tile flooring flows through the main living areas w/cozy carpet in the bedrooms. The inviting living room showcases a charming wood-burning fireplace, now enhanced with a convenient electric insert. An Arizona room off the back provides versatile bonus space--perfect for a home office, hobby room, or relaxation area. Additional highlights include a complete RV setup w/water, electrical, sewer access, as well as both front & back patios ideal for enjoying Arizona's outdoor lifestyle. This is a home is a must see!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 9% |
| Baths | 2.0 | 3.0 | 42% |
| Square foot | 1,879 | 2,377 | 27% |
| Lot Size | 12,345 | 10,955 | 54% |
| Price | $575.0K | $655.0K | 44% |
| Price per sq ft | $306 | $312 | 47% |
| Built year | 1979 | 1995 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 1952 | 1% |
Apr 16, 2026
$575,000
Initial Listing