517 W DUKE Drive, Tempe, AZ 85283, Tempe, 85283 - 3 bed, 2 bath
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517 W DUKE Drive
Tempe, AZ 85283
ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,426Sq Ft
3,311Lot Size
Property Price
LIST PRICE$385,000
EST. MARKET VALUE
$399,021
3% BelowMARKET VALUE
SUMMARY
This Move-In Ready Townhouse is a Strong Value Opportunity, listed at $385,000—positioned well below the $399,022 Fair Market Value by 3%. This valuation gap offers $14,022 in Instant Equity for the buyer. Featuring a 3-bedroom, 2-bath layout with a covered paver patio and 2-car garage, the property maintains a Condition Rating of 3. Its proximity to ASU and major transit makes it a prime asset for Buy-and-Hold Investors or first-time buyers seeking a stable, low-maintenance residence.
Estimated Market Value
$399,021+$14,021 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Tempe.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 517 W DUKE Drive Subject | $385,000* List Price | 3 | 2 | 1,426 | $280 | - |
A 5409 S MITCHELL Drive Sold | $315,000 | 2 | 2 | 1,120 | $281 | 0.2 mi |
B 632 W FORDHAM Drive Sold | $320,000 | 3 | 3 | 988 | $324 | 0.3 mi |
C 534 W HARVARD Drive Pending | $330,000 List Price | 2 | 2 | 1,228 | $269 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1983, the property is well-maintained and explicitly described as move-in ready. It features recent interior updates including wood-look flooring, plush carpeting, and a neutral paint palette. While the kitchen appliances are dated (white), the cabinetry and overall condition suggest a functional environment consistent with a 5-15 year renovation cycle.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Tempe Location
Situated minutes from Arizona State University, major shopping, and dining hubs, this property offers exceptional convenience and strong rental potential for students or professionals.
- Move-In Ready Condition
The residence is well-maintained with a neutral color palette, manicured landscaping, and a functional 2-car garage with built-in storage, allowing for immediate occupancy.
- Enhanced Outdoor Living
Multiple sliding glass doors provide seamless indoor-outdoor flow to a covered paver patio and open seating area, significantly expanding the usable entertaining space.
CONSRISKS & DEFICIENCIES
- Dated Kitchen Aesthetics
The use of white appliances and basic white cabinetry may feel outdated to modern buyers who typically expect stainless steel and contemporary finishes at this price point.
- Average School Ratings
With local school ratings ranging between 4 and 5, the property may be less attractive to families specifically seeking top-tier educational districts.
About 517 W DUKE Drive
Move-in ready, beautifully updated 3-bedroom, 2-bathroom townhouse in the heart of Tempe offering 1,426 sqft of comfortable living space plus a two-car garage! Upgrades include, new carpet, new interior paint, remodeled bathrooms, new kitchen counter tops and sink, new luxury vinyl plank flooring, new garage door spring, and dual pane windows. Worry free maintenance for years to come; the HVAC was replaced in 2024, water heater replaced in 2023, and new elastomeric roof coating installed in 2026. The community also includes three heated pools and RV storage. Short term rentals are allowed. Centrally located near the airport, ASU, shopping, dining, the I-10 freeway and 60.
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 1983
- Lot Size
- 3,311 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $67 / Month
Neighborhood Insights
Tempe Unified Schools
Wood Elementary School
Grades PK-5 • 0.4 mi
4/10
Fees College Preparatory Middle School
Grades 6-8 • 1.9 mi
4/10
Marcos De Niza High School
Grades 9-12 • 1.6 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,426 | 1,228.5 |
| Lot Size | 3,311 | 1,782.5 |
| Price | $385.0K | $327.5K |
| Price per sq ft | $270 | $263 |
| Built year | 1983 | 1981 |
| HOA | $67 | $263 |
| Days on market | 14 | 65 |
Pricing History
Listed for Sale
Aug 26, 2026
$385,000
Initial Listing