415 E REDMON Drive, Tempe, AZ 85283, Tempe, 85283 - 3 bed, 2 bath
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415 E REDMON Drive
Tempe, AZ 85283
ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
1,220Sq Ft
1,160Lot Size
Property Price
LIST PRICE$324,900
EST. MARKET VALUE
$348,683
6% BelowMARKET VALUE
SUMMARY
This Turnkey Townhouse represents a Strong Value Opportunity, listed at $329,900—positioned well below the $350,307 Fair Market Value by 5%. This valuation gap provides $20,407 in Instant Equity for the buyer. Featuring a Mint Condition Rating following a $50K renovation, the home includes a modern kitchen with quartz counters, new LVP flooring, and updated systems (2025/2026). Its proximity to ASU and Kiwanis Park ensures high desirability. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready residence.
Estimated Market Value
$348,683+$23,783 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Tempe.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 415 E REDMON Drive Subject 3 bd · 2 ba · 1,220 sqft · $286 | $324,900* List Price | 3 | 2 | 1,220 | $286 | - |
A 735 E VAUGHN Drive Sold 2 bd · 2 ba · 912 sqft · $318 · 0.2 mi | $290,000 | 2 | 2 | 912 | $318 | 0.2 mi |
B 5617 S CLAMBAKE BAY Court B Sold 3 bd · 2 ba · 1,200 sqft · $298 · 0.9 mi | $357,500 | 3 | 2 | 1,200 | $298 | 0.9 mi |
C 6627 S McAllister Avenue Sold 2 bd · 1 ba · 792 sqft · $309 · 0.2 mi | $245,000 | 2 | 1 | 792 | $309 | 0.2 mi |
D 1026 E BENDIX Drive Sold 2 bd · 2 ba · 1,020 sqft · $271 · 0.5 mi | $276,000 | 2 | 2 | 1,020 | $271 | 0.5 mi |
E 6619 S MCALLISTER Avenue Active 3 bd · 2 ba · 1,220 sqft · $246 · 0.2 mi | $300,000 List Price | 3 | 2 | 1,220 | $246 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property underwent a comprehensive top-to-bottom renovation in 2026, including a brand-new kitchen with quartz countertops and shaker cabinets, updated bathrooms, and new flooring. Major systems are also recently updated with a newer roof and AC (2025) plus new windows (2026), meeting the criteria for mint condition with no maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Comprehensive Modern Upgrades
The property features approximately $50,000 in recent high-end renovations, including new quartz countertops, maple shaker cabinetry, black stainless appliances, and luxury vinyl plank flooring.
- Major System Reliability
Significant investment has been made in big-ticket items, including a newer roof and AC (2025) along with new windows and glass sliders (2026), minimizing immediate maintenance costs for the buyer.
- Prime Tempe Location
Ideally situated near Arizona State University and Kiwanis Park, this townhouse offers excellent rental potential and high desirability for students and professionals alike.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Despite the extensive surface-level renovations, the 1973 construction date suggests that some underlying structural or utility components may be nearing the end of their functional lifespan.
- Limited Private Outdoor Space
The property features a compact enclosed backyard and patio, which may feel restrictive for buyers seeking significant private green space or large-scale outdoor entertaining areas.
About 415 E REDMON Drive
No expense spared with approximately $50K in recent upgrades top to bottom (2026). Featuring 3 beds, 2 baths, and 2 parking spaces. Overlooking a grassy common area & near the pool. Inside, you'll find abundant natural light, NEW wood-look LVP floors & NEW plush carpet in the right places, and an inviting living area. Further in, the dining area includes built-in shelving. The kitchen boasts NEW maple shaker cabinetry, NEW quartz counters, NEW tile backsplash, and NEW black stainless appliances. The primary bedroom includes a private bath with a NEW tiled shower and vanity. Newer roof and AC (2025) & new windows and glass slider (2026). Outside, the enclosed backyard offers a patio and a storage room, with space for relaxing and entertaining. Great location near ASU and Kiwanis Park!!
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 1973
- Lot Size
- 1,160 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $265 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.6 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,220 | 1,227.726 |
| Lot Size | 1,160 | 1,827.597 |
| Price | $324.9K | $324.9K |
| Price per sq ft | $266 | $261 |
| Built year | 1973 | 1980 |
| HOA | $265 | $264 |
| Days on market | 42 | 67 |
Pricing History
Listed for Sale
Sep 23, 2026
$324,900
$329,900
-2% Price Drop
Initial Listing
Price Change
Sep 12, 2026
$329,900
Initial Listing