1611 E NEWPORT Drive, Tempe, AZ 85282, Tempe, 85282 - 3 bed, 2 bath
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Tempe, AZ 85282
This 3-bedroom, 2-bath townhome represents a Strong Value Opportunity, listed at $310,000—positioned well below the $332,493 Fair Market Value by 6%. This valuation gap offers $22,493 in Instant Equity. With a Condition Rating of 4, the property features a newer A/C and vinyl plank flooring, though it remains a prime candidate for cosmetic updates. Located near ASU and Orbit bus lines, this is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a high-potential Tempe asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1611 E NEWPORT Drive Subject | $299,900* List Price | 3 | 2 | 1,260 | $233 | - |
A 2979 S COUNTRY CLUB Way Sold | $350,000 | 2 | 2 | 1,173 | $298 | 0.8 mi |
B 2718 S AZALEA Drive Sold | $302,500 | 2 | 1 | 1,114 | $272 | 0.5 mi |
C 4811 S BIRCH Street Sold | $340,000 | 3 | 3 | 1,656 | $205 | 0.8 mi |
D 1503 E Newport Drive Pending | $357,000 List Price | 3 | 2 | 1,510 | $236 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1970, the property is over 50 years old. While it features recent cosmetic improvements like vinyl plank flooring and a 'newer' HVAC system, the kitchen and bathrooms remain dated with painted original-style cabinetry, laminate countertops, and older fixtures. It is functional and move-in ready but requires significant aesthetic updates to meet modern standards.
Ideally situated in the heart of Tempe near ASU, this property offers high walkability to dining and shopping, plus easy access to the free Orbit bus system.
The well-designed 3-bedroom, 2-bath floor plan provides a spacious feel that exceeds its listed square footage, complemented by a private courtyard and extra storage.
The inclusion of a newer A/C unit ensures cooling efficiency in the Arizona climate, while durable vinyl plank flooring offers a modern, low-maintenance aesthetic.
Built in 1970, the property may require more frequent maintenance or future capital improvements to older systems compared to newer construction.
The compact lot size and townhouse configuration offer a private courtyard but lack a traditional backyard, which may be a drawback for some buyers.
Spacious 3-bedroom, 2-bath SINGLE LEVEL townhome in the heart of Tempe! Conveniently located near Arizona State University- very close to one of the FREE Orbit bus stops! Walking distance to grocery shopping, dining, entertainment, parks, and everything Tempe has to offer. This well-designed home lives much larger than its listed square footage, offering generous living spaces and a comfortable layout. Features include durable vinyl plank flooring, a newer A/C unit for added efficiency and comfort, two covered parking spaces, a private courtyard perfect for relaxing or entertaining, and a separate storage shed for extra convenience. Whether you're looking for a primary residence or an investment opportunity, this townhome combines location, space, and value in one attractive package.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 1.1 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,260 | - |
| Lot Size | 2,618 | - |
| Price | $299.9K | $315.5K |
| Price per sq ft | $238 | $270 |
| Built year | 1970 | 0 |
| HOA | $240 | $0 |
| Days on market | 42 | 2203 |
Jul 10, 2026
$299,900
$310,000
-3% Price Drop
Initial Listing
Jun 10, 2026
$310,000
Initial Listing