5314 S FARMER Avenue, Tempe, AZ 85283, Tempe, 85283 - 2 bed, 2 bath
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Tempe, AZ 85283
This Well-Maintained 2-Bedroom Tempe Townhome in the Pepperwood community is listed at $350,000, representing a stable Move-in Ready opportunity near its $333,121 Fair Market Value. Boasting a Condition Rating of 4, the residence features a functional layout with a refreshed kitchen and a secluded Private Backyard offering a serene Greenbelt View. With a remarkably Low $67 HOA Fee, community pool access, and proximity to ASU, the property offers an exceptional Lifestyle. Served by Wood Elementary and Marcos De Niza High, this home is a premier choice for Owner-Occupants or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5314 S FARMER Avenue Subject | $350,000* List Price | 2 | 2 | 1,120 | $297 | - |
A 5400 S HARDY Drive 107 Active | $365,000 List Price | 2 | 3 | 1,217 | $300 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1983, this property is well-maintained but shows clear signs of its age. The kitchen has undergone a cosmetic refresh with painted cabinetry and marble-look countertops, but the appliances are older models. The bathroom remains largely dated, featuring an original oak vanity and a yellowed fiberglass shower surround. While the home is functional and move-in ready, it lacks the comprehensive modern renovations or more recent construction date required for a 'good' or 'excellent' rating.
Ideally situated near ASU, Downtown Tempe, and the airport, this property offers exceptional convenience for students, faculty, and commuting professionals.
The townhome features a private backyard retreat with no neighbors immediately behind, providing a rare level of seclusion and quiet for a community setting.
With a remarkably low monthly association fee of $67, residents benefit from a community pool and rare on-site RV parking, maximizing the property's overall value.
Built in 1983, the property may require upcoming capital investments for major systems or structural updates typical of homes reaching the 40-year mark.
The assigned public schools carry mid-range ratings (4-5), which may be a drawback for families specifically seeking top-tier educational districts.
This beautifully maintained 2 bedroom, 2 bathroom townhome offers a comfortable and thoughtfully designed layout with inviting living spaces throughout. The home features a warm and welcoming interior that flows seamlessly to a private backyard retreat, ideal for relaxing or entertaining, with no neighbors immediately behind for added privacy. The community pool and on-site RV parking are added amenities for residents to enjoy. Pride of ownership is evident in every detail, creating a move-in ready opportunity for the next owner. An exceptional chance to enjoy a well-cared-for home in a desirable Tempe setting close to Downtown Tempe, shopping, ASU, parks, and the airport.
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades 6-8 • 2.0 mi
Grades 9-12 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 10% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,120 | 2,044 | 7% |
| Lot Size | 3,385 | 7,941 | 4% |
| Price | $350.0K | $360.0K | 46% |
| Price per sq ft | $312 | $254 | 82% |
| Built year | 1983 | 1978 | 67% |
| HOA | $67 | $0 | 71% |
| Days on market | 35 | 2104 | 1% |
Apr 16, 2026
$350,000
$360,000
-3% Price Drop
Initial Listing
Mar 18, 2026
$360,000
Initial Listing