1905 E UNIVERSITY Drive 162, Tempe, AZ 85288, Tempe, 85288 - 2 bed, 2 bath
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Tempe, AZ 85288
This Move-In Ready Townhouse represents a Strong Value Opportunity, listed at $289,500—positioned well below the $318,358 Fair Market Value by 9%. This valuation gap provides $28,858 in Instant Equity for the buyer. Featuring a Condition Rating of 2 with modern quartz waterfall countertops and luxury vinyl plank flooring, the home requires no immediate maintenance. Its proximity to ASU and major transit hubs makes it an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance lifestyle.
Property is new construction or fully renovated.
While built in 1985, the property has undergone a high-end, modern renovation within the last 5 years. It features a contemporary kitchen with quartz waterfall countertops, stainless steel appliances, updated cabinetry, luxury vinyl plank flooring, and modern fixtures, making it move-in ready with no immediate maintenance required.
Ideally situated near ASU, Tempe Marketplace, and Sky Harbor Airport, this property offers exceptional accessibility for students, professionals, and investors.
The interior features modern luxury vinyl plank flooring, stainless steel appliances, and a new washer and dryer, significantly reducing immediate post-purchase renovation costs.
The monthly HOA fees include essential utilities such as water, sewer, and garbage, providing a simplified and predictable monthly budget for the homeowner.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =146, other record lot size in square feet = 76753.
Constructed in 1985, the property may face challenges associated with aging infrastructure or common area maintenance compared to newer developments in the Tempe area.
With a minimal lot size of 146 sqft, outdoor enjoyment is restricted to a small private patio, which may not appeal to buyers seeking a yard or significant garden space.
Updated 2-bedroom, 2-bath condo in the desirable Papago Park Village community. This move-in ready home features luxury vinyl plank flooring, stainless steel appliances, and a new washer and dryer. The functional floor plan offers bright living spaces and a private patio for outdoor enjoyment. HOA Fees cover water, sewer, and garbage. Conveniently located near ASU, Tempe Marketplace, Old Town Scottsdale, Phoenix Sky Harbor Airport, major freeways, shopping, dining, and outdoor recreation. Whether you're a first-time buyer, student, investor, or looking for a low-maintenance lifestyle, this property offers exceptional value in a highly accessible location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,084 | 1,188 | 38% |
| Lot Size | 146 | 719 | 50% |
| Price | $289.5K | $303.8K | 25% |
| Price per sq ft | $267 | $287 | 50% |
| Built year | 1985 | 1984 | 63% |
| HOA | $291 | $299 | 50% |
| Days on market | 5 | 470 | 13% |
Jun 1, 2026
$289,500
Initial Listing