5007 S TERRACE Road, Tempe, AZ 85282, Tempe, 85282 - 3 bed, 2 bath
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Tempe, AZ 85282
This Refreshed Tempe Townhome is listed at $310,000—positioned well below the $311,152 Fair Market Value by 0%. This valuation provides $1,152 in Instant Equity for incoming owners. Boasting a Condition Rating of 3, the interior features fresh paint, newer flooring, and a private patio with a greenbelt view. Located near McClintock High School and Arredondo Elementary, the property offers exceptional lifestyle convenience and rental stability. It is an ideal acquisition for first-time buyers or Buy-and-Hold Investors seeking a turnkey asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5007 S TERRACE Road Subject | $275,000* List Price | 3 | 2 | 1,200 | $250 | - |
A 1724 E BAKER Drive Sold | $357,000 | 3 | 2 | 1,544 | $231 | 0.6 mi |
B 1204 E DUNBAR Drive Active | $270,000 List Price | 3 | 2 | 1,200 | $225 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1972, the property has undergone a recent cosmetic refresh including new paint, flooring, and updated bathroom fixtures. The kitchen is functional with newer stainless steel appliances, though it retains older laminate countertops and a coil-top stove. It is move-in ready and well-maintained, fitting the criteria for a functional, renovated older home.
The home features fresh paint, newer flooring, and updated bathrooms, offering a modern aesthetic and immediate occupancy without the need for renovations.
Situated in a highly desirable Tempe neighborhood near parks and everyday essentials, this property provides excellent accessibility for commuters and high rental demand.
The 1,200-square-foot open floor plan maximizes space efficiency, making it an ideal choice for first-time homebuyers or investors seeking a turnkey rental.
Originally constructed in 1972, the property may require ongoing maintenance of older mechanical systems or structural components despite recent cosmetic updates.
With a lot size smaller than the interior square footage, the property offers very limited private outdoor area, which may not appeal to buyers seeking a yard or garden.
Beautifully refreshed and perfectly located, this stunning Tempe townhome offers convenience, style, and true move-in readiness. Situated near parks, parking, and everyday essentials, the location is hard to beat. Inside, you'll find fresh, seamless paint throughout, giving the home a clean, bright, and modern feel from the moment you walk in. The open, functional floor plan flows effortlessly, making the space feel both comfortable and practical. Upgrades include newer-style flooring, updated bathrooms, modern door handles, and sleek finishes that elevate the overall look. The kitchen comes complete with all appliances included, making your move that much easier. Whether you're a first-time buyer or looking for a turnkey rental investment, this home offers low maintenance, great style!
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 2.0 mi
Grades 9-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,200 | 1,352.5 | 25% |
| Lot Size | 1,185 | 2,522 | 25% |
| Price | $275.0K | $329.9K | 31% |
| Price per sq ft | $229 | $239 | 44% |
| Built year | 1972 | 1972 | 50% |
| HOA | $215 | $166 | 75% |
| Days on market | 35 | 2222 | 6% |
May 27, 2026
$275,000
$285,000
-4% Price Drop
Initial Listing
May 24, 2026
$285,000
$290,000
-2% Price Drop
Initial Listing
May 20, 2026
$290,000
$299,999
-3% Price Drop
Initial Listing
May 10, 2026
$299,999
$310,000
-3% Price Drop
Initial Listing
May 2, 2026
$310,000
Initial Listing