504 W 17th Place, Tempe, AZ 85281, Tempe, 85281 - 4 bed, 2 bath
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Tempe, AZ 85281
This Spacious University-District Residence represents a High-Potential Investment Opportunity with a List Price of $459,000—positioned well below the $651,900 Fair Market Value by 29%. This significant valuation gap provides $192,900 in Instant Equity. While maintaining a Fair Condition Rating with dated finishes, the rare 4-bedroom layout and 1,725 sqft footprint offer immense rental upside near ASU. Featuring a large covered patio and bonus room, this asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants looking to house-hack in a prime Tempe location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 504 W 17th Place Subject | $459,000* List Price | 4 | 2 | 1,725 | $378 | - |
A 1245 W 11TH Street Sold | $480,000 | 4 | 2 | 1,503 | $319 | 0.9 mi |
B 901 W 16TH Street Sold | $425,600 | 3 | 2 | 1,480 | $288 | 0.5 mi |
C 1372 W 15TH Street Sold | $449,000 | 5 | 3 | 2,182 | $206 | 0.9 mi |
D 1100 W 9TH Street Sold | $539,000 List Price | 3 | 2 | 1,588 | 0.9 mi | |
E 1710 S GRANADA Drive Sold | $545,000 List Price | 4 | 2 | 2,118 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a well-maintained 1959 build that shows pride of ownership but remains largely in its original or older updated state. While it features 'newer' carpet and a brand-new water heater, the overall aesthetic—including the tile flooring, ceiling fans, and exterior HVAC units—is dated. It meets the 'fair' criteria as it is functional and lived-in but lacks the comprehensive modern renovations required for a 'good' or 'excellent' rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7362, living area = 1725.
Situated in the University Homes subdivision near ASU and a brand-new community center, this property offers exceptional convenience and high rental potential for students or faculty.
With 4 bedrooms and 1,725 sqft, this home is significantly larger than the typical footprint for this neighborhood, providing a rare opportunity for a starter home or multi-roommate rental.
Built in 1959, the home may require future capital investments for aging systems or structural updates, despite recent cosmetic improvements like newer carpet and a new water heater.
The assigned elementary, middle, and high schools all carry a rating of 3/10, which may limit the property's appeal to families prioritizing high-performing educational districts.
Welcome to this wonderful home that has been loved and cared for by the same owner since 1972! This property boasts 4 bedrooms and 2 baths in 1,725 sqft, which is rare for this neighborhood. Great opportunity for a rental with roommates or even a starter home. Neutral finishes throughout, newer carpet, brand new water heater, and a huge bonus room in the back of the home are what sets this home apart.Step outside to a private, thoughtfully landscaped backyard designed for relaxation and entertaining. A large covered patio provides year-round enjoyment, whether you're hosting friends or enjoying a quiet morning coffee. The property also features two separate and generously-sized outdoor storage sheds, offering ample space for tools, hobbies, or seasonal décor. With its serene setting and practical extras, this home delivers both charm and functionality. Amazing location close to ASU and all Tempe has to offer. New community center just built with water slide, pool, and other amenities just down the street.
No exterior & parking available.
Grades PK-5 • 0.9 mi
Grades 6-8 • 0.8 mi
Grades 9-12 • 0.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 63% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,725 | 1,552.5 | 77% |
| Lot Size | 7,362 | 7,311.5 | 50% |
| Price | $459.0K | $266.0K | 80% |
| Price per sq ft | $266 | $186 | 60% |
| Built year | 1959 | 1958 | 53% |
| HOA | $0 | $0 | 50% |
| Days on market | 64 | 2129 | 3% |
Feb 17, 2026
$459,000
Initial Listing