512 S MARGO Drive, Tempe, AZ 85281, Tempe, 85281 - 3 bed, 2 bath
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Tempe, AZ 85281
This Well-Maintained Turnkey Home is listed at $400,000, positioned accurately alongside its $396,999 Fair Market Value. The property holds a Condition Rating of 3, distinguished by significant capital improvements including a New 2024 Roof, 2022 HVAC System, and 2024 Water Heater. Situated just 1.7 miles from Arizona State University and within walking distance to Scales Technology Academy, the home offers exceptional functional efficiency and location-driven demand. This move-in-ready residence is an ideal match for first-time buyers or university faculty prioritizing long-term structural stability.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 512 S MARGO Drive Subject | $400,000* List Price | 3 | 2 | 1,064 | $373 | - |
A 1423 W 6TH Street Active | $509,999 List Price | 3 | 2 | 1,260 | $405 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition with exceptional maintenance of major systems, including a new roof (2024), HVAC (2022), and water heater (2024). While the kitchen features dated cabinetry and laminate countertops, the interior is clean with updated windows and a mix of tile and laminate flooring, meeting the criteria for a well-maintained home within its functional lifespan.
The property boasts significant recent capital improvements, including a new roof (2024), HVAC system (2022), and water heater (2024), ensuring high energy efficiency and minimal immediate maintenance costs.
Located just 1.7 miles from the Arizona State University campus, this home offers exceptional appeal for faculty, students, or investors looking for a high-demand rental location.
This well-cared-for corner lot home is move-in ready with updated windows and a functional three-bedroom layout, providing an easy transition for first-time homebuyers.
At 1,064 square feet, the living space is relatively compact for a 3-bedroom, 2-bathroom configuration, which may result in smaller individual room sizes.
The property features a carport rather than a fully enclosed garage, offering less security and protection from the Arizona heat for vehicles and additional storage.
Nestled in the heart of Tempe, this corner home offers the perfect blend of comfort and convenience. Step inside and be welcomed by the ambiance of a well cared for, move in ready 3 bedroom, 2 bathroom home. Recent updates such as the roof in 2024, HVAC system in 2022, water heater in 2024 and windows (with the exception of 1) in 2020 ensure comfort and efficiency. The exterior features two large storage areas a carport and a spacious backyard. Whether you're a student, faculty member, or simply seeking proximity to vibrant energy, this home is located just 1.7 miles from the ASU campus. Don't miss this opportunity and reach out today.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 0.5 mi
Grades 9-12 • 1.4 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 | 1,064 | 1,548 | 13% |
| Lot Size | 5,924 | 7,050.5 | 17% |
| Price | $400.0K | $266.0K | 63% |
| Price per sq ft | $376 | $186 | 93% |
| Built year | 1956 | 1958 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 54 | 2129 | 3% |
Feb 27, 2026
$400,000
Initial Listing