
Tempe, AZ 85283
This Modernized Tempe Townhome represents a High-Potential Investment Opportunity, listed at $314,900—positioned well below the $394,531 Fair Market Value by 20%. This significant valuation gap provides $79,631 in Instant Equity for the incoming owner. Featuring a Condition Rating of 3, the interior boasts butcher block countertops and wood-look flooring, while the private backyard with a covered patio offers rare outdoor utility. Located near Marcos De Niza High School, this property balances lifestyle comfort with strong financial upside. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5308 S LA ROSA Drive Subject | $314,800* List Price | 2 | 1 | 1,073 | $276 | - |
A 602 E COLGATE Drive Sold | $290,000 | 2 | 1 | 1,073 | $270 | 0.1 mi |
B 556 W DUKE Drive Sold | $350,000 | 2 | 2 | 1,228 | $285 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features several modern cosmetic updates, including wood-look flooring, butcher block kitchen countertops, and a contemporary subway tile backsplash. While the home was built in 1978 and retains some older elements such as the bathroom vanity and white appliances, the overall interior has been well-maintained and partially renovated to meet current aesthetic standards without requiring immediate repairs.
The townhome features stylish wood-look flooring, butcher block countertops, and contemporary track lighting, providing a move-in-ready aesthetic that appeals to modern tastes.
The property includes a private backyard with a covered patio, pavers, and an attached storage shed, offering significantly more outdoor utility than typical townhome layouts.
The inclusion of an attached carport and a dedicated exterior storage shed adds practical value and ease of living, addressing common pain points in high-density residential areas.
With only one bathroom serving two bedrooms, the layout may present a challenge for roommates or households requiring more privacy and morning efficiency.
Built in 1978, the property may require more frequent maintenance or future updates to aging mechanical systems compared to newer construction in the Tempe market.
Welcome to this charming 2-bedroom townhome with a new roof that proves great living doesn't require extra square footage--just smart design. First perk? An attached carport, because hunting for parking should not be part of your daily routine. Step inside to a bright and inviting living room featuring a new decorative wall panel, new baseboards that are perfect for bringing in natural light or stepping out for a breath of fresh air. The kitchen strikes the perfect balance of style and function, with butcher block countertops, a tile backsplash, new lighting, built-in appliances, and a pantry ready to keep everything organized (including that snack stash you definitely don't share). Both bedrooms offer comfortable, well-designed spaces that feel like your own private retreat, ideal for restful nights, a home office setup, or whatever your lifestyle calls for. The bathroom features dual sinks, making busy mornings just a little more civilized. Out back, you'll find a covered patio for relaxing evenings, paved space for easy outdoor living, and a convenient attached shed for extra storage because holiday décor and "I might need this someday" items deserve a home too. Low maintenance, new closet doors, thoughtfully laid out, and full of charm, this townhome is designed to simplify your day-to-day. And if it's checking your boxes, it's probably checking someone else's too.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 1.1 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 36% |
| Square foot | 1,073 | 1,228 | 36% |
| Lot Size | 3,354 | 3,311 | 55% |
| Price | $314.8K | $223.5K | 82% |
| Price per sq ft | $293 | $226 | 82% |
| Built year | 1978 | 1986 | 27% |
| HOA | $179 | $183 | 45% |
| Days on market | 112 | 852 | 9% |
May 10, 2026
$314,800
$314,900
+0% Price Increase
Initial Listing
Feb 14, 2026
$314,900
Initial Listing