525 W LAKESIDE Drive 124, Tempe, AZ 85281, Tempe, 85281 - 2 bed, 3 bath
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Tempe, AZ 85281
This Move-In Ready Townhouse is a Prime Investment Opportunity, listed at $550,000—positioned well below the $563,998 Fair Market Value by 2%. This valuation gap offers $13,998 in Instant Equity. Featuring a Good Condition Rating, the home includes a Granite Kitchen, Flex Space, and access to a Heated Pool/Spa. Its proximity to ASU and the Mill Ave Entertainment District ensures high demand. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking urban convenience.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 525 W LAKESIDE Drive 124 Subject | $550,000* List Price | 2 | 3 | 1,557 | $357 | - |
A 525 W Lakeside Drive 141 Active | $515,000 List Price | 2 | 3 | 1,370 | $376 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006 (18 years old), the property falls within the 10-20 year range for 'Good' condition. It is well-maintained and move-in ready with a kitchen that has been updated with newer Dekton/granite countertops and stainless steel appliances. The flooring and bathrooms appear functional and modern, requiring no immediate maintenance.
Situated within walking distance to ASU, Mill Avenue, and Tempe Town Lake, this property offers exceptional access to top-tier entertainment, dining, and major employment hubs.
The home features a move-in-ready interior with a high-end kitchen boasting Dekton counters, stainless steel appliances, and wood/tile flooring throughout, eliminating the need for immediate renovations.
The three-story layout includes a dedicated entry-level flex space, providing rare flexibility for a home office, gym, or hobby room to suit various lifestyle needs.
At $505 per month, the association fees are significant, which may impact the overall monthly carrying costs and appeal to budget-conscious buyers.
The tandem two-car garage requires vehicles to be parked one behind the other, which can be less convenient for multi-driver households compared to a traditional side-by-side layout.
MOVE-IN READY 2 bed + flex space 2.5 ba 3-story townhome w/ INCREDIBLE Tempe location! Entry level features versatile flex space, perfect for a home office, game room, gym... the options are endless! The main level is light & bright w/ open great room floor plan. BEAUTIFUL upgraded kitchen offers plenty of cabinet space, oversized island w/ eat-in seating, granite + Dekton counters & SS appliances. Bedrooms are upstairs w/ convenient laundry access. Master has en suite bath w/ dual vanity, step-in shower & custom walk-in closet. Generously sized secondary bedroom & full guest bath. Tile & wood flooring t/o, modern neutral paint, & tandem 2 car garage. Private GATED community features heated pool/ spa w/ cabanas & BBQ. Walking/ biking distance to ASU & Mill Ave Entertainment District, near Spring Training, Sky Harbor, downtown Phoenix, and easy freeway access.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 1.0 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,557 | - |
| Lot Size | 679 | - |
| Price | $550.0K | $315.5K |
| Price per sq ft | $353 | $270 |
| Built year | 2006 | 0 |
| HOA | $505 | $0 |
| Days on market | 35 | 2203 |
Jun 17, 2026
$550,000
Initial Listing