21 E ALAMEDA Drive, Tempe, AZ 85282, Tempe, 85282 - 5 bed, 3 bath
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Tempe, AZ 85282
This Stunning Move-In Ready Home is a Strong Value Opportunity, listed at $699,000—positioned well below the $650,563 Fair Market Value by -7%. While the list price exceeds the current estimation, the property features a Mint Condition Rating due to its comprehensive recent renovations, including quartz countertops, white shaker cabinetry, and upgraded bathrooms. With a newer A/C unit and hot water heater, this home offers a low-maintenance lifestyle near ASU. It is an ideal acquisition for Owner-Occupants seeking a turnkey residence or Buy-and-Hold Investors targeting the high-demand Tempe rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 21 E ALAMEDA Drive Subject | $699,000* List Price | 5 | 3 | 2,014 | $323 | - |
A 501 E HERMOSA Drive Sold | $539,000 List Price | 3 | 2 | 1,642 | 0.9 mi | |
B 2704 S TERRACE Road Sold | $630,000 | 5 | 2 | 2,024 | $311 | 1.0 mi |
C 122 E DEL RIO Drive Active | $610,000 List Price | 3 | 2 | 1,843 | $331 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1960, the property has undergone a comprehensive recent renovation (likely <5 years) featuring a modern kitchen with quartz countertops and shaker cabinets, updated bathrooms, and new flooring throughout. Major systems including the HVAC and water heater are also noted as newer, meeting the criteria for mint condition.
The property is ideally situated minutes from Arizona State University and major transit corridors like Loop 101 and US-60, making it highly attractive for both residents and investors.
Extensive interior updates including quartz countertops, shaker cabinetry, and tile flooring throughout provide a contemporary aesthetic that requires no immediate renovation.
The inclusion of a newer A/C unit and hot water heater significantly reduces the risk of near-term capital expenditures, which is a major selling point in the Arizona climate.
Originally built in 1960, the home may feature older plumbing or electrical infrastructure that could require attention despite the modern cosmetic upgrades.
Fitting five bedrooms into approximately 2,000 square feet on a standard 7,205 sqft lot may result in smaller individual room sizes and limited private outdoor space for a large household.
Stunning 5 bed/3 bath home with a private backyard just minutes from ASU! This beautifully updated property features quartz countertops, white shaker cabinetry, custom tile backsplash, upgraded bathrooms, tile flooring throughout, light and bright interior paint, and so much more. Major system updates include a newer A/C unit and hot water heater for added peace of mind. Enjoy the covered patio and low maintenance backyard complete with synthetic grass and refreshed landscaping. Conveniently located near shopping, dining, entertainment, Loop 101, and US-60 for easy access throughout the Valley.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 87% |
| Baths | 3.0 | 2.0 | 91% |
| Square foot | 2,014 | 1,676 | 68% |
| Lot Size | 7,205 | 8,355 | 15% |
| Price | $699.0K | $371.6K | 94% |
| Price per sq ft | $347 | $224 | 89% |
| Built year | 1960 | 1970 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 2373 | 2% |
May 19, 2026
$699,000
Initial Listing