2015 E SOUTHERN Avenue 14, Tempe, AZ 85282, Tempe, 85282 - 2 bed, 1 bath
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Tempe, AZ 85282
This Updated Tempe Condominium is a Prime Investment Opportunity, listed at $255,900—positioned well below the $267,208 Fair Market Value by 4%. This valuation gap offers $11,308 in Instant Equity for incoming owners. Boasting an Excellent Condition Rating, the residence features a 2021 interior renovation, a new 2023 AC unit, and HOA-covered utilities including gas and water. Located near McClintock High School and major transit corridors, it balances lifestyle convenience with financial upside. This is an ideal acquisition for first-time buyers or Buy-and-Hold Investors.
Property is new construction or fully renovated.
The property was extensively renovated in 2021, which is within the 5-year threshold for an excellent rating. The kitchen features modern white shaker cabinets, updated countertops, and black appliances, while the bathroom has been refreshed with a new double vanity and contemporary fixtures. With a new AC unit installed in 2023, consistent wood-look flooring throughout, and no visible deferred maintenance, the home meets current quality standards for a move-in ready, fully updated residence.
The property features a brand-new AC unit installed in 2023 and a comprehensive 2021 interior update, ensuring immediate move-in readiness and minimizing near-term maintenance costs.
Situated within half a mile of both the Loop 101 and US-60, this unit offers exceptional commuter access while being positioned away from the street for added privacy.
The monthly association fee covers water, sewer, trash, and gas, providing significant value and simplified monthly budgeting for the homeowner.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1020, other record lot size in square feet = 105.
Built in 1970, the structure may lack the energy efficiency and modern building standards found in newer residential developments.
The 2-bedroom, 1-bathroom configuration may limit the property's appeal to roommates or small families who typically prefer a second bathroom for convenience.
Never pay rent again! Move in-ready block home was very nicely updated in 2021 to include appliances. The HOA provides your water, sewer, trash, gas, and all exterior maintenance. AC unit installed in 2023. Convenient washer and dryer located inside and included with your purchase. Home is near your covered parking area and away from the street. You're within ½ mile of both the Loop 101 and I-60. A pool and fenced-in grassy area are maintained by the HOA. No work to do here! Just move-in and ENJOY!
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades 6-8 • 0.8 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 1,020 | 916 | 50% |
| Lot Size | 1,020 | 676 | 70% |
| Price | $249.9K | $0 | 70% |
| Price per sq ft | $245 | $0 | 60% |
| Built year | 1970 | 1984 | 30% |
| HOA | $265 | $212 | 60% |
| Days on market | 116 | 1257 | 10% |
May 3, 2026
$249,900
$252,900
-1% Price Drop
Initial Listing
Apr 16, 2026
$252,900
$255,900
-1% Price Drop
Initial Listing
Feb 11, 2026
$255,900
Initial Listing