2027 E University Drive 132, Tempe, AZ 85288, Tempe, 85288 - 2 bed, 3 bath
Loading property details...
Tempe, AZ 85288
This Move-In Ready Townhouse is a Strong Value Opportunity, listed at $399,900—positioned well below the $418,163 Fair Market Value by 4%. This valuation gap offers $18,263 in Instant Equity for the buyer. Featuring a Mint Condition Rating with 2024 tile flooring and 2026 carpet, the home includes a flexible loft space and a private patio. Its proximity to ASU and Tempe Marketplace ensures high demand, making it an ideal acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2027 E University Drive 132 Subject | $399,900* List Price | 2 | 3 | 1,300 | $322 | - |
A 2401 E E Rio Salado Parkway -- 1040 Active | $389,888 List Price | 2 | 3 | 1,100 | $354 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 2002, the property has undergone significant recent renovations (less than 5 years old) including new tile flooring in 2024 and new carpet in 2026. The kitchen features modern stainless steel appliances and updated paint tones, meeting the criteria for mint condition with no immediate maintenance required.
The property is ideally situated near ASU, Tempe Marketplace, and the 202 freeway, offering high convenience and strong rental potential for students or professionals.
Featuring new tile flooring installed in 2024 and new primary bedroom carpeting in 2026, this move-in-ready home reduces immediate post-purchase renovation costs.
The inclusion of a flexible loft space and vaulted ceilings enhances the 1,300 sqft layout, providing a spacious feel and a dedicated area for a home office or library.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1633, other record lot size in square feet = 2479. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1300, other record living area = 1469.
With only two bedrooms, the property may have a narrower buyer pool compared to three-bedroom units in the same price bracket.
The private patio is relatively small, which may be a drawback for buyers seeking significant yard space or extensive outdoor entertaining areas.
Fall in love with this move-in-ready townhome in a gated community! Enter to find an inviting living & dining room featuring new tile flooring (2024), tall vaulted ceilings, warm paint tones throughout, creating a bright and welcoming atmosphere. Kitchen is equipped with SS appliances, plenty of cabinets, and a two-tier breakfast bar and pantry. Upstairs, you'll discover a cozy loft that provides incredible flexibility as an office, reading nook, or additional lounge zone along with two bedrooms, two full bathrooms & full size laundry. The primary bedroom offers new carpet (June 2026), a private bathroom w/ dual sinks, separate tub & shower and a large walk-in closet. Venture to the back patio where you can enjoy your own private space. Located close to Tempe Marketplace, ASU, Tempe Town Lakes, 202 freeway, and much more. The townhomes is a rare find with all it has to offer.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,300 | - |
| Lot Size | 1,633 | - |
| Price | $399.9K | $315.5K |
| Price per sq ft | $308 | $270 |
| Built year | 2002 | 0 |
| HOA | $200 | $0 |
| Days on market | 24 | 2203 |
Jun 28, 2026
$399,900
Initial Listing