2016 S HAMMOND Drive 103, Tempe, AZ 85282, Tempe, 85282 - 4 bed, 4 bath
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Tempe, AZ 85282
This 4-bedroom Townhouse is a Strong Value Opportunity, listed at $485,000—positioned well below the $484,223 Fair Market Value by a negligible margin, reflecting a stable, market-aligned price. Featuring a Fair Condition Rating, the property includes a Granite Kitchen, a finished basement, and a private balcony. Its proximity to the ASU campus ensures high rental demand, while the versatile floor plan supports multi-generational living. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a functional, well-located asset in Tempe.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2016 S HAMMOND Drive 103 Subject | $485,000* List Price | 4 | 4 | 1,883 | $257 | - |
A 11 E REDONDO Drive Sold | $535,000 | 3 | 3 | 2,164 | $247 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2000, the property is 24 years old, placing it in the 'Fair' category. While the listing mentions granite counters and wood-look flooring, the kitchen cabinetry and overall aesthetic remain dated to the original construction era. The exterior wood balcony shows signs of weathering, and the interior finishes, while functional and move-in ready, are approaching the typical 25-year lifecycle where systems and cosmetic updates are needed.
The property's close proximity to the ASU campus makes it an ideal choice for students, faculty, or investors seeking high rental demand in a vibrant university area.
With 4 bedrooms, 4 bathrooms, and a finished basement featuring a bonus room, the layout offers exceptional flexibility for multi-generational living or a dedicated home office setup.
The move-in-ready interior boasts contemporary wood-look flooring, granite countertops, and recessed lighting, providing a stylish and low-maintenance living environment.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1256, other record lot size in square feet = 1173.
The assigned high school carries a lower academic rating, which may be a deterrent for families specifically prioritizing top-tier public education performance.
Due to the townhouse configuration and small lot size, the property lacks a traditional private yard, which may not suit buyers looking for significant outdoor recreational area.
Great opportunity! This move-in-ready, low maintenance and HOA townhome is the one you've been waiting for. From the moment you arrive, you'll find carport parking, a 1-car garage, & a cozy front porch ideal for enjoying quiet mornings. Sleek interior features wood-look flooring, ceiling fans, & recessed lighting that illuminates every corner. Inviting & bright great room is thoughtfully designed for everyday living & entertaining. The kitchen has built-in appliances, granite counters, & plenty of cabinets. Sizable main bedroom offers outdoor access & a bathroom for added comfort. In the basement, you'll have a bonus room perfect for a TV area or office & an additional bedroom. After a busy day, unwind on the balcony while sipping your favorite drink. PLUS! Close to the ASU campus. Don't let this gem slip by
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 2.1 mi
Grades 9-12 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 94% |
| Baths | 4.0 | 2.0 | 94% |
| Square foot | 1,883 | 1,513 | 88% |
| Lot Size | 1,256 | 2,522 | 25% |
| Price | $485.0K | $345.9K | 88% |
| Price per sq ft | $258 | $252 | 50% |
| Built year | 2000 | 1973 | 94% |
| HOA | $200 | $166 | 69% |
| Days on market | 11 | 2221 | 6% |
May 26, 2026
$485,000
Initial Listing