1622 E 12TH Street, Tempe, AZ 85281, Tempe, 85281 - 3 bed, 2 bath
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Tempe, AZ 85281
This Turnkey Residential Asset is listed at $440,000, representing a stable price point near its $418,442 Fair Market Value given the extensive recent renovations. Boasting an Excellent Condition Rating, the home features a Modern Kitchen, Newer Roof, and a One-Year-Old A/C system, eliminating immediate deferred maintenance. The Large Grass Backyard with a Patio provides rare outdoor utility within walking distance of Arizona State University, while proximity to McClintock High School supports long-term desirability. This property offers a high-demand rental or lifestyle opportunity, making it ideal for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1622 E 12TH Street Subject | $440,000* List Price | 3 | 2 | 904 | $463 | - |
A 2026 E ORANGE Street Active | $389,000 List Price | 3 | 1 | 960 | $405 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1955, the property has undergone extensive recent renovations within the last 5 years. The kitchen features modern white shaker cabinets, stainless steel appliances, and wood-look tile flooring. Significant capital improvements including a one-year-old A/C, newer roof, and dual-pane windows ensure no deferred maintenance, meeting the criteria for excellent condition.
Situated in close proximity to Arizona State University, this property offers exceptional potential for rental income or student housing in a high-demand Tempe submarket.
The home features significant high-ticket upgrades including a newer roof, dual-pane windows, and a one-year-old A/C system, providing peace of mind and reduced immediate maintenance costs.
With extensive interior remodeling and a large, well-maintained grass backyard, the property offers a modern aesthetic and functional outdoor living space that is rare for the area.
At only 904 square feet for a three-bedroom configuration, the interior living spaces and bedrooms may feel significantly cramped compared to modern residential standards.
The assigned K-8 school carries a low rating, which may limit the property's appeal to families prioritizing high-performing educational environments.
This Home has had a lot of Remodeling Done. Big Beautiful Grass Backyard. Newer Roof and New A/C is about 1 Year Old. Dual Pane Windows. All this and Close to ASU.
No exterior & parking available.
Grades K-8 • 2.1 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 904 | 1,548 | 13% |
| Lot Size | 6,193 | 7,050.5 | 20% |
| Price | $440.0K | $266.0K | 70% |
| Price per sq ft | $487 | $186 | 97% |
| Built year | 1955 | 1958 | 30% |
| HOA | $0 | $0 | 50% |
| Days on market | 223 | 2129 | 20% |
Sep 11, 2025
$440,000
Initial Listing