1615 E NEWPORT Drive, Tempe, AZ 85282, Tempe, 85282 - 3 bed, 3 bath
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Tempe, AZ 85282
This Spacious Townhome is a Strong Value Opportunity, listed at $368,000—positioned well below the $386,284 Fair Market Value by 4%. This valuation gap offers $18,284 in Instant Equity. Featuring a Condition Rating of 3, the home includes a Granite Kitchen, newer vinyl flooring, and a Large Covered Patio. Located near ASU and major freeways, it offers high rental demand and lifestyle convenience. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1615 E NEWPORT Drive Subject | $368,000* List Price | 3 | 3 | 1,704 | $227 | - |
A 4811 S BIRCH Street Sold | $340,000 | 3 | 3 | 1,656 | $205 | 0.8 mi |
B 1503 E Newport Drive Sold | $350,000 | 3 | 2 | 1,510 | $232 | 0.1 mi |
C 5007 S TERRACE Road Sold | $270,000 | 3 | 2 | 1,200 | $225 | 0.9 mi |
D 1627 E LOGAN Drive Sold | $379,000 | 3 | 3 | 1,704 | $222 | 0.9 mi |
E 2718 S AZALEA Drive Sold | $302,500 | 2 | 1 | 1,114 | $272 | 0.5 mi |
F 3320 S JUNIPER Street Active | $365,000 List Price | 3 | 3 | 1,704 | $214 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1970, the property has undergone significant interior renovations within the last 5-10 years. The kitchen and bathrooms feature updated granite countertops, white cabinetry, and stainless steel appliances. With newer vinyl flooring and dual-pane windows, the home is functional and move-in ready, though the exterior and popcorn ceilings show some age.
The property is ideally situated near ASU and major freeways including the US-60 and Loop 101, making it a highly desirable location for students, faculty, and commuters.
The home features contemporary finishes including granite countertops, stainless steel appliances, and newer vinyl flooring, offering a move-in-ready experience for buyers.
Equipped with dual-pane windows for improved climate control, the townhouse also boasts a generous 1,704 sqft floor plan with a large master suite and ample storage.
Built in 1970, the property may have underlying maintenance requirements or aging systems typical of older developments despite the recent cosmetic updates.
While the elementary school is highly rated, the assigned middle and high schools have average ratings, which may be a consideration for families prioritizing top-tier education.
Updated, Spacious Townhome in Tempe. Close to ASU,60 and 101Freeway. All bedrooms upstairs with huge master bedroom. Newer vinyl flooring throughout. Kitchen is updated with granite countertops, white cabinets and stainless appliances. Save energy with dual pane windows. Large back covered patio and large storage room with two covered parking spots. Relax and cool off in your community pool. Great starter Townhome or investment property.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 1.1 mi
Grades 9-12 • 0.5 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 | 2,069 | - |
| Price | $368.0K | $315.5K |
| Price per sq ft | $216 | $270 |
| Built year | 1970 | 0 |
| HOA | $240 | $0 |
| Days on market | 4 | 2203 |
Jul 18, 2026
$368,000
Initial Listing