4609 S Mill Ave Avenue, Tempe, AZ 85282, Tempe, 85282 - 4 bed, 3 bath
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Tempe, AZ 85282
This 4-bedroom Townhouse represents a High-Potential Investment Opportunity, listed at $355,000—positioned well below the $419,925 Fair Market Value by 15%. This valuation gap provides $64,925 in Instant Equity for the next owner. Featuring a Condition Rating of 3, the home includes a renovated kitchen and private patio, offering a move-in-ready experience. Its proximity to ASU and major freeways ensures strong rental demand. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-utility, well-located asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4609 S Mill Ave Avenue Subject | $345,000* List Price | 4 | 3 | 1,536 | $247 | - |
A 320 W LAGUNA Drive Sold | $335,000 | 3 | 2 | 1,235 | $271 | 0.7 mi |
B 3411 S WILSON Street Sold | $425,000 | 3 | 2 | 1,501 | $283 | 0.7 mi |
C 3941 S MILL Avenue Active | $340,000 List Price | 4 | 3 | 1,536 | $221 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1964, the property has been well-maintained and features a renovated kitchen with granite countertops, mosaic backsplash, and updated cabinetry (estimated 10-15 years old). With fresh interior paint and consistent tile flooring, the home is functional and move-in ready.
Situated minutes from ASU, Arizona Mills, and major freeways, this property offers exceptional convenience for students, faculty, and commuters in a high-demand area.
With 4 spacious bedrooms and a functional layout, this townhouse provides rare capacity for larger families or high-yield rental opportunities compared to standard units.
The home features fresh interior paint and includes all appliances, including the washer and dryer, offering a move-in-ready experience at an accessible price point.
Built in 1964, the property may have aging mechanical systems or structural elements that require more frequent maintenance than newer constructions.
The $329 monthly association fee adds a significant recurring expense to the ownership cost, which may impact the overall affordability for budget-conscious buyers.
Welcome home to this beautifully refreshed Tempe townhome! Featuring fresh interior paint, 4 spacious bedrooms, 2.5 bathrooms, and a functional floor plan, this home is ready for its next owner. The kitchen is fully equipped with all appliances, and the washer and dryer are included for added convenience. Enjoy a private patio, outdoor storage, two covered parking spaces, and community amenities including a pool and playground. Ideally located just minutes from ASU, Arizona Mills, restaurants, entertainment, and major freeways, this is an incredible opportunity to own in one of Tempe's most convenient locations.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,536 | - |
| Lot Size | 1,576 | - |
| Price | $345.0K | $315.5K |
| Price per sq ft | $225 | $270 |
| Built year | 1964 | 0 |
| HOA | $329 | $0 |
| Days on market | 27 | 2203 |
Jul 15, 2026
$345,000
$355,000
-3% Price Drop
Initial Listing
Jun 25, 2026
$355,000
Initial Listing