
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 | $314,900* List Price | 2 | 1 | 1,073 | $368 | - |
A 556 W DUKE Drive Sold | $350,000 | 2 | 2 | 1,228 | $285 | 0.9 mi |
B 602 E COLGATE Drive Sold | $290,000 | 2 | 1 | 1,073 | $270 | 0.1 mi |
C 5350 S FARMER Avenue Sold | $223,500 | 2 | 1 | 988 | $226 | 0.9 mi |
D 534 W HARVARD Drive Active | $330,000 List Price | 2 | 2 | 1,228 | $269 | 0.8 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 that proves good things really do come in well-designed packages. First up: an attached carport. Because circling the block for parking is so last season. Step inside to a serene living room featuring a soothing color palette, stylish wood-look flooring (hello timeless appeal), and sliding door access to the backyard - perfect for letting in natural light or making a dramatic exit. The kitchen is equal parts practical and Pinterest-worthy, complete with butcher's block counters, contemporary track lighting, tile backsplash, essential built-in appliances, and a pantry ready to hold everything from meal prep staples to your secret snack stash. Both bedrooms are cozy, comfortable, and perfectly sized for actual living, whether that's sleeping, working from home, or building the world's greatest pillow fort. They offer a private retreat feel without any wasted space. The bathroom features double sinks, because mornings are smoother when elbows aren't fighting for territory. Out back, you'll find a covered patio ideal for relaxing evenings, a handy attached shed for extra storage (holiday décor has to live somewhere), pavers, and plenty of space to unwind after a long day. Low maintenance, smart layout, and just the right amount of charm - this townhome is ready to make your life easier. Don't wait... someone else might be reading this thinking the exact same thing.
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 | 29% |
| Square foot | 1,073 | 1,427.5 | 29% |
| Lot Size | 3,354 | 3,106 | 64% |
| Price | $314.9K | $247.8K | 71% |
| Price per sq ft | $293 | $226 | 86% |
| Built year | 1978 | 1986 | 21% |
| HOA | $179 | $197 | 36% |
| Days on market | 67 | 790 | 7% |
Feb 14, 2026
$314,900
Initial Listing