312 W LAGUNA Drive, Tempe, AZ 85282, Tempe, 85282 - 4 bed, 2 bath
Loading property details...
Tempe, AZ 85282
This Turnkey Townhouse represents a Strong Value Opportunity, listed at $399,000—positioned well below the $462,430 Fair Market Value by 13%. This valuation gap provides $63,430 in Instant Equity for the buyer. Featuring a Modernized Kitchen, private patio, and solid block construction, the home maintains a Condition Rating of 2. While HOA restrictions prohibit rentals, the proximity to ASU and major freeways makes this an ideal sanctuary for Owner-Occupants or first-time buyers seeking a move-in ready residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 312 W LAGUNA Drive Subject | $399,000* List Price | 4 | 2 | 1,678 | $276 | - |
A 320 W LAGUNA Drive Sold | $335,000 | 3 | 2 | 1,235 | $271 | 0.0 mi |
B 3411 S WILSON Street Sold | $425,000 | 3 | 2 | 1,501 | $283 | 0.1 mi |
C 822 W MALIBU Drive Sold | $320,000 | 3 | 2 | 1,088 | $294 | 0.4 mi |
D 3815 S MILL Avenue Pending | $365,000 List Price | 4 | 3 | 1,536 | $238 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1969, the property has undergone a recent modern renovation within the last 5 years. The kitchen features contemporary quartz countertops and stainless steel appliances, and the bathrooms have been fully updated with modern vanities and tile work. With a 3-year roof warranty and mint interior condition, it requires no immediate maintenance.
The property features a recently remodeled kitchen with quartz countertops and stainless steel appliances, providing a contemporary, move-in-ready aesthetic for buyers.
Located just 10 minutes from Arizona State University and close to major freeways and hospitals, this home offers exceptional convenience for students and professionals.
The solid block construction ensures energy efficiency and noise reduction, complemented by a three-year roof warranty and low-maintenance landscaping with automated systems.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1678, other record living area = 1554.
HOA regulations prohibit the property from being rented out and require a deed-holder to reside on-site, which eliminates the property as a potential investment vehicle.
The assigned elementary, middle, and high schools all carry a rating of 3, which may be a deterrent for families prioritizing high-performing educational districts.
4B/2Bath Townhouse - 10 minute drive to ASU!! Remodeled modern, bright kitchen w/Quartz countertops & SS appliances. Kitchen has built-in desk & large breakfast nook over-looking beautiful gated front courtyard. Large living room (one-step down) w/brick, wood burning fireplace. Large, separate dining room open to LR & kitchen (DR could be made into office in the future). Primary suite includes walk-in closet & bathroom w/2 sinks & great storage. Blinds in all bedrooms. Easy maintenance yards include automated watering systems & turf in the backyard. Attached 2 car garage has storage cabinets & laundry. Bonus room off of garage has storage and can be used for a workshop and projects. Solid block construction for more efficient cooling, heating and noise reduction. ***SEE MORE Backyard is private, with high, block walls and shaded patio. Clubhouse has a pool. Easy lock & leave home in a neighborhood that has Southwest charm. Great for a college student or first-time buyer. Close to shopping, restaurants, freeways and hospitals. 3 year roof warranty. **Property CANNOT be rented out and one resident must be on the deed per the HOA.** Flooring is grey ceramic tile, vinyl plank wood and carpet.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades 6-8 • 1.9 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,678 | - |
| Lot Size | 4,121 | - |
| Price | $399.0K | $315.5K |
| Price per sq ft | $238 | $270 |
| Built year | 1969 | 0 |
| HOA | $40 | $0 |
| Days on market | 28 | 2203 |
Jun 24, 2026
$399,000
Initial Listing