2402 E 5TH Street 1742, Tempe, AZ 85288, Tempe, 85288 - 2 bed, 3 bath
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Tempe, AZ 85288
This Turnkey Townhouse presents a Prime Investment Opportunity, listed at $389,900—positioned well below the $398,913 Fair Market Value by 2%. This valuation gap offers $9,013 in Instant Equity for the buyer. Featuring a Mint Condition Rating with high-end designer upgrades like walnut butcher block countertops and a newer HVAC system, this property requires zero immediate capital expenditure. Its gated corner-lot location provides enhanced privacy and natural light, making it an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2402 E 5TH Street 1742 Subject | $389,900* List Price | 2 | 3 | 1,135 | $351 | - |
A 280 S EVERGREEN Road 1263 Sold | $395,000 | 2 | 3 | 1,135 | $348 | 0.1 mi |
B 280 S EVERGREEN Road 1249 Sold | $340,000 | 2 | 2 | 1,105 | $308 | 0.1 mi |
C 2402 E 5TH Street NW 1524 Active Under Contract | $365,000 List Price | 2 | 3 | 1,100 | $332 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 2007, the property has undergone a high-end renovation within the last 5 years. It features modern luxury vinyl plank flooring, a designer kitchen with walnut butcher block countertops and premium Smeg appliances, and updated bathrooms with contemporary fixtures. The inclusion of a newer HVAC system ensures the home is in mint, move-in ready condition with no immediate maintenance required.
The property features premium finishes including walnut butcher block countertops, luxury vinyl plank flooring, and a Smeg dishwasher, offering a turnkey, modern aesthetic.
As a corner-lot townhome within a gated community, this unit benefits from increased natural light and enhanced privacy compared to standard interior units.
The inclusion of a newer HVAC system provides essential peace of mind and energy efficiency, which is a significant value-add in the Arizona climate.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1190, other record lot size in square feet = 1422.
At 1,135 square feet for a multi-level townhome, the living spaces may feel restrictive for buyers seeking larger communal areas or expansive bedrooms.
The monthly association fee of $248 increases the total cost of ownership and may impact the debt-to-income ratio for budget-conscious buyers.
European Charm Meets Modern Luxury in Gated Villagio Tempe! This beautifully updated 2-bed, 2.5-bath corner-lot townhome is the one you've been waiting for. From the moment you step inside this home's rare floor plan, tall ceilings and sun-drenched natural light set the tone for elevated everyday living. Luxury vinyl plank flooring flows throughout, grounded by designer details that set this home apart -- solid maple cabinetry, brass hardware, smooth-textured walls, and elegant 7¼'' baseboards. The kitchen is truly a showstopper: rich walnut butcher block countertops, a farmhouse sink, custom lighting, and a Smeg dishwasher make this space as functional as it is gorgeous. Thoughtful touches continue with linen-blend drapes, custom planter boxes, smart under-stair storage, and a charming powder room perfect for guests. Step outside to your private backyard -- low-maintenance and lovely. All of this tucked inside an exclusive gated community in the heart of Tempe. Homes like this don't last!
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 | 1,135 | - |
| Lot Size | 1,190 | - |
| Price | $389.9K | $315.5K |
| Price per sq ft | $344 | $270 |
| Built year | 2007 | 0 |
| HOA | $248 | $0 |
| Days on market | 24 | 2203 |
Jun 28, 2026
$389,900
Initial Listing