1609 E MALIBU Drive, Tempe, AZ 85282, Tempe, 85282 - 3 bed, 3 bath
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Tempe, AZ 85282
This Move-In Ready Townhouse represents a Strong Value Opportunity, listed at $370,999—positioned slightly above the $355,968 Fair Market Value. While priced at a premium, the property features a Condition Rating of 3, highlighted by upgraded Travertine flooring and a modern kitchen with quartz waterfall countertops. Its proximity to ASU and major freeways ensures high rental demand, making it a stable asset. This property is an ideal acquisition for Buy-and-Hold Investors seeking rental income or Owner-Occupants prioritizing a turnkey lifestyle near campus.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1609 E MALIBU Drive Subject | $365,999* List Price | 3 | 3 | 1,704 | $235 | - |
A 4811 S BIRCH Street Sold | $340,000 | 3 | 3 | 1,656 | $205 | 0.7 mi |
B 1627 E LOGAN Drive Sold | $379,000 | 3 | 3 | 1,704 | $222 | 0.8 mi |
C 2718 S AZALEA Drive Sold | $302,500 | 2 | 1 | 1,114 | $272 | 0.6 mi |
D 1035 E LAGUNA Drive Active | $425,000 List Price | 3 | 3 | 1,952 | $218 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1971, the interior has undergone significant renovations within the 5-15 year range. The kitchen features modern quartz countertops with a waterfall edge, updated stainless steel appliances, and refreshed cabinetry. The inclusion of high-end Travertine flooring and updated laundry appliances indicates the home is well-maintained and move-in ready.
The property is ideally situated near Arizona State University and major freeways, offering excellent accessibility and high rental potential for students or professionals.
The lower level features high-quality Travertine flooring, providing a durable and sophisticated aesthetic that adds immediate value to the home's interior.
With 1,704 square feet and a popular two-level split floor plan, this townhouse offers a generous amount of living space that is rare for this property type and price point.
Built in 1971, the residence may require ongoing maintenance or updates to aging mechanical systems and infrastructure to meet modern efficiency standards.
While the elementary school is highly rated, the assigned middle and high schools have average ratings, which may be a drawback for families prioritizing top-tier secondary education.
Charming Tempe Townhouse with popular 2 level split floor plan. Beautifully upgraded! Quartz counterops, moden appliances and travertine flooring throughout lower level. Spacious 3 bedrooms 2.5 bathrooms home. Conveniently located close to ASU campus, fine dining, coffee shops, public transportation and Freeways.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 1.2 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,704 | - |
| Lot Size | 2,065 | - |
| Price | $366.0K | $315.5K |
| Price per sq ft | $215 | $270 |
| Built year | 1971 | 0 |
| HOA | $146 | $0 |
| Days on market | 43 | 2203 |
Jul 15, 2026
$365,999
$370,999
-1% Price Drop
Initial Listing
Jun 9, 2026
$370,999
Initial Listing