5256 S MONACO Drive, Tempe, AZ 85283, Tempe, 85283 - 3 bed, 2 bath
Loading property details...
5256 S MONACO Drive
Tempe, AZ 85283
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,368Sq Ft
2,457Lot Size
Property Price
LIST PRICE$290,000
EST. MARKET VALUE
$297,107
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $290,000—positioned well below the $297,107 Fair Market Value by 2%. This valuation gap offers $7,107 in Instant Equity for buyers. Featuring a Fair Condition Rating due to its 1975 vintage, the home requires cosmetic updates to modernize its dated interior. Its central Tempe location near medical centers and schools provides strong rental demand, making this an ideal Value-Add Asset for Buy-and-Hold Investors or first-time buyers seeking entry-level affordability.
Estimated Market Value
$297,107
Based on Realkey algorithm analyzing recent comparable sales in Tempe.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property was built in 1975 (51 years old) and the listing description lacks any mention of recent renovations or upgrades to the kitchen, bathrooms, or major systems. While the exterior appears functional and well-maintained for its age, the property is likely in original or dated condition, requiring cosmetic updates and potentially nearing the end of life for major mechanical systems.
PROSSTRENGTHS & OPPORTUNITIES
- Affordable Price Point
Listed at $290,000, this property offers a highly competitive entry point into the Tempe real estate market, especially for a three-bedroom residence.
- Prime Central Location
The home is ideally situated near essential amenities including medical centers, schools, and parks, providing high convenience for families and professionals.
- Low Association Fees
With a monthly HOA fee of only $168, the property boasts lower carrying costs compared to many other townhouse communities in the region.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1975, the property may require capital improvements or updates to major systems and cosmetic finishes to meet modern buyer expectations.
- Limited Outdoor Space
The modest lot size of 2,457 square feet offers very limited private yard space, which may be a drawback for buyers seeking significant outdoor living areas.
About 5256 S MONACO Drive
3 bed, 2 bath property nestled in Ville Monaco! Great location close to restaurants, parks, medical centers, and schools.
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 1975
- Lot Size
- 2,457 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $168 / Month
Neighborhood Insights
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 | 1,368 | 1,228.5 |
| Lot Size | 2,457 | 1,782.5 |
| Price | $290.0K | $327.5K |
| Price per sq ft | $212 | $263 |
| Built year | 1975 | 1981 |
| HOA | $168 | $263 |
| Days on market | 40 | 65 |
Pricing History
Listed for Sale
Jul 31, 2026
$290,000
Initial Listing