
Tempe, AZ 85281
This Move-In Ready Townhouse is a Strong Value Opportunity, listed at $515,000—positioned slightly above the $509,446 Fair Market Value. While the price reflects current market stability, the property offers a Condition Rating of 3, featuring a Granite Kitchen, Private Pool View Balconies, and a Tandem 2-Car Garage. Its prime location near ASU and Tempe Town Lake ensures high rental demand and lifestyle convenience. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a low-maintenance, urban residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 525 W Lakeside Drive 141 Subject | $515,000* List Price | 2 | 3 | 1,370 | $372 | - |
A 525 W LAKESIDE Drive 124 Active | $550,000 List Price | 2 | 3 | 1,557 | $353 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006, the property is exactly 20 years old and remains in well-maintained, move-in ready condition. The interior features functional updates such as granite countertops, fresh paint, and laminate wood flooring, aligning with the criteria for a functional and well-kept home within the 10-20 year age range.
Situated steps from Tempe Town Lake, ASU, and Mill Avenue, this property offers unparalleled access to dining, entertainment, and major employment hubs, making it highly desirable for professionals and students alike.
The home features fresh interior paint, granite countertops, and a mix of tile and laminate flooring, ensuring a low-maintenance transition for the new owner without the need for immediate renovations.
Located within a secure gated community, the unit provides added peace of mind along with private balconies offering pool views and a tandem two-car garage for secure parking.
At $505 per month, the association fees are relatively high, which may impact the overall monthly affordability and debt-to-income ratio for budget-conscious buyers.
The two-car garage is in a tandem layout, which can be less convenient for households with two daily drivers compared to a traditional side-by-side parking setup.
Welcome to your warm, inviting Tempe retreat--freshly painted and move in ready. In a secure gated community, this townhome features a tandem 2 car garage, private pool view balconies, tile downstairs, laminate wood upstairs, and an open kitchen with granite countertops. Prewired surround sound and security add modern ease. With 2 bedrooms and 2.5 baths, it's perfect for roommates, a guest suite, or a dedicated home office. The location is unbeatable: across from Tempe Center for the Arts and Tempe Town Lake, minutes to Mill Avenue's coffee, dining, and nightlife, and close to rail for easy commuting. About 5 minutes to the 202 Freeway and 10 minutes to Sky Harbor Airport. Near ASU's main campus--ideal for ASU students, professors, and administrators; City of Tempe administrators; frequent traveler, investor, or parent seeking an alternative to student housing, this property offers exceptional convenience, walkability, and value in one of Tempe's most desirable urban locations. The seller is now offering a 2-1 interest rate buy-down with a full price offer. Considering the location, quality of the home, and the opportunity for a significantly lower interest rate in the first two years of a mortgage...it simply doesn't get any better than this.
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 | 1,370 | - |
| Lot Size | 543 | - |
| Price | $515.0K | $315.5K |
| Price per sq ft | $376 | $270 |
| Built year | 2006 | 0 |
| HOA | $505 | $0 |
| Days on market | 42 | 2203 |
Jul 7, 2026
$515,000
$525,000
-2% Price Drop
Initial Listing
Jun 10, 2026
$525,000
Initial Listing