4561 S MILL Avenue, Tempe, AZ 85282, Tempe, 85282 - 3 bed, 3 bath
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Tempe, AZ 85282
This Prime Investment Opportunity is a 3-bedroom townhome listed at $315,000, positioned well below the $324,097 Fair Market Value by 2%. This valuation gap offers $9,097 in Instant Equity. Featuring an updated kitchen and Condition Rating of 3, the property is move-in ready. Its proximity to ASU ensures high rental demand, while the private patio and covered parking add functional value. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a stable, well-located asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4561 S MILL Avenue Subject | $315,000* List Price | 3 | 3 | 1,536 | $211 | - |
A 3941 S MILL Avenue Active | $340,000 List Price | 4 | 3 | 1,536 | $221 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1964, the property is well-maintained and move-in ready. It features a kitchen with updated cabinets and stainless steel appliances, along with refreshed bathroom vanities and neutral flooring (tile and carpet). The updates appear to be within the 5-15 year range, making it functional and avoiding the 'Fair' category despite its chronological age.
Situated in a highly desirable Tempe area near ASU, this property offers excellent potential for both owner-occupants and investors seeking high rental demand.
The kitchen features modern updated cabinetry and stainless steel appliances, providing a contemporary feel and reducing the need for immediate renovations.
The unit includes two assigned covered parking spaces located directly behind the home, along with a private patio and an outdoor storage shed for added convenience.
Built in 1964, the property may require more frequent maintenance or updates to aging infrastructure compared to newer developments in the area.
The $329 monthly association fee adds a significant recurring expense to the carrying costs, which may impact the overall affordability for some buyers.
Rare find! A charming 3 bed/2.5 bath townhome located in prime Tempe location, near ASU. The common areas are spacious with a kitchen peninsula overlooking the dining room. The kitchen cabinets are updated and there are stainless steel appliances.The laundry is located inside. Outside there is an inviting patio area with extra storage shed. The unit has 2 assigned covered parking spaces located directly behind it. There is also community pool.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 69% |
| Square foot | 1,536 | 1,513 | 63% |
| Lot Size | 1,704 | 2,522 | 25% |
| Price | $315.0K | $329.9K | 31% |
| Price per sq ft | $205 | $239 | 31% |
| Built year | 1964 | 1972 | 6% |
| HOA | $329 | $166 | 94% |
| Days on market | 15 | 2222 | 6% |
May 22, 2026
$315,000
Initial Listing