2127 E 10TH Street 4, Tempe, AZ 85281, Tempe, 85281 - 3 bed, 2 bath
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Tempe, AZ 85281
This University Ranch Townhouse is a Strong Value Opportunity with a List Price of $310,000—positioned below the $325,000 Fair Market Value by 5%. This valuation gap offers $15,000 in Instant Equity for buyers. While the Condition Rating of 4 suggests a need for modernization, the property features a fireplace, private patio, and community pool. Located near Arizona State University and served by Connolly Middle School and McClintock High School, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2127 E 10TH Street 4 Subject | $299,500* List Price | 3 | 2 | 1,036 | $280 | - |
A 2145 E CENTER Lane 3 Active | $324,500 List Price | 3 | 2 | 1,036 | $313 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1984, this property is in functional condition but shows its age. The kitchen has received minor cosmetic updates including stainless steel appliances and a mosaic tile backsplash, but it retains dated laminate countertops, painted original cabinetry, and an older fluorescent light box. The interior features a mix of tile and carpet that appears maintained but not recently replaced. The listing description itself notes the opportunity for personalization and upgrades, which aligns with the 'fair' category for a 40-year-old home that has had regular upkeep but no comprehensive modern renovation.
Ideally situated minutes from Arizona State University and Tempe Marketplace with rapid access to the Loop 101, making it a prime spot for students and commuters.
Priced below market value, this property offers immediate built-in equity and a significant opportunity for value-add through cosmetic updates and personalization.
The townhouse includes desirable perks such as a community pool and hot tub, plus the added value of two dedicated covered parking spaces.
The 'below market' pricing and description suggest the 1984 interior likely requires modernization and repairs to reach its full potential.
At 1,036 square feet for a three-bedroom unit, the interior layout may feel cramped, offering limited living and storage space for a growing family.
SELLER IS OFFERING $5,000 IN CONCESSIONS to be used toward buyer's closing costs or a mortgage rate buy-down with an acceptable offer. -- Welcome to University Ranch, a family-friendly Tempe community! Ideally located minutes from ASU, schools, public transport, and Tempe Marketplace. This home features a practical, well-designed floor plan with a cozy interior fireplace, perfect for relaxing evenings. Enjoy community perks including a pool, hot tub, and two dedicated covered parking spaces. With easy access to Loop 101, commuting is a breeze. Priced below market, this home offers built-in equity and a fantastic opportunity to personalize and upgrade. Don't miss out on this high-value Tempe gem!
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades 6-8 • 1.1 mi
Grades 9-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.5 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,036 | 1,133 | 50% |
| Lot Size | 1,244 | 1,472 | 50% |
| Price | $299.5K | $67.5K | 88% |
| Price per sq ft | $289 | $78 | 75% |
| Built year | 1984 | 1986 | 38% |
| HOA | $281 | $196 | 88% |
| Days on market | 139 | 2627 | 13% |
May 31, 2026
$299,500
$305,000
-2% Price Drop
Initial Listing
May 13, 2026
$305,000
$309,500
-1% Price Drop
Initial Listing
May 3, 2026
$309,500
$310,000
+0% Price Increase
Initial Listing
Jan 19, 2026
$310,000
Initial Listing