
Tempe, AZ 85283
This Turnkey Townhouse is a Strong Value Opportunity, listed at $364,900—positioned well below the $400,941 Fair Market Value by 8%. This valuation gap offers $36,041 in Instant Equity. Featuring a Mint Condition Rating, the home includes a Granite Kitchen, Andersen Windows, and a Redesigned Backyard with greenbelt views. Located near Kiwanis Park and top-rated schools, it offers a low-maintenance lifestyle. This is an ideal acquisition for Owner-Occupants seeking move-in readiness or first-time buyers prioritizing long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5323 S MITCHELL Drive Subject 2 bd · 2 ba · 1,426 sqft · $252 | $359,900* List Price | 2 | 2 | 1,426 | $252 | - |
A 632 W FORDHAM Drive Sold 3 bd · 3 ba · 988 sqft · $324 · 0.2 mi | $320,000 | 3 | 3 | 988 | $324 | 0.2 mi |
B 5400 S HARDY Drive 113 Sold 2 bd · 3 ba · 1,217 sqft · $299 · 0.3 mi | $363,500 | 2 | 3 | 1,217 | $299 | 0.3 mi |
C 5306 S FARMER Avenue Pending 2 bd · 2 ba · 1,120 sqft · $321 · 0.1 mi | $359,900 List Price | 2 | 2 | 1,120 | $321 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1980, the property has undergone a high-quality recent renovation featuring a modern white kitchen with granite countertops and stainless steel appliances, wood-look flooring throughout, and recessed lighting. Significant system and exterior upgrades include a newer roof and dual-pane Andersen windows, placing it in mint, move-in-ready condition.
The property features high-quality renovations including Andersen dual-pane windows, a newer roof, and a remodeled kitchen with granite countertops, significantly reducing immediate capital expenditure for the buyer.
The redesigned backyard with a view fence overlooking the community greenbelt, paired with both front and back patios, offers superior outdoor space and privacy compared to standard townhomes.
With an exceptionally low $67 monthly HOA fee, residents enjoy community pools and the rare convenience of dedicated RV and boat parking, enhancing the overall value proposition.
Built in 1980, the property may have aging underlying plumbing or electrical systems typical of a 40-plus-year-old structure, despite the high-quality cosmetic updates.
A recent price reduction and 30 days on the market indicate initial pricing resistance, suggesting the property may be facing stiff competition in the current Tempe submarket.
Spacious, bright and beautifully updated, this single-level townhome blends style, comfort and easy living. Enjoy thoughtful updates, including beautiful wood-look flooring throughout, recessed lighting, updated fixtures and ceiling fans, dual-pane Andersen windows, and a crisp white kitchen with granite countertops and stainless steel appliances. Additional highlights include a newer roof and a 2-car garage offering secure parking, valuable storage, plus the rare convenience of community RV/boat parking. The beautifully redesigned backyard is a showstopper, featuring stylish pavers, artificial turf and a view fence overlooking the lush community greenbelt, an inviting backdrop for morning coffee, outdoor dining or entertaining. Outdoor living shines with both front and back patios, offering multiple spaces to relax and enjoy Arizona living. Pepperwood offers a charming neighborhood setting with refreshing pools and spa amenities and low monthly HOA fees. Ideally located near Kiwanis Park, Arizona Mills, South Mountain, golf, shopping and dining, with convenient access to ASU, Sky Harbor International Airport and the US-60, I-10 and Loop 101. Beautifully maintained, thoughtfully updated and ready to enjoy. This is easy Tempe living at its best!
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades 6-8 • 2.1 mi
Grades 9-12 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.6 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,426 | 1,227.726 |
| Lot Size | 3,419 | 1,827.597 |
| Price | $359.9K | $324.9K |
| Price per sq ft | $252 | $261 |
| Built year | 1980 | 1980 |
| HOA | $67 | $264 |
| Days on market | 66 | 67 |
Oct 22, 2026
$359,900
$364,900
-1% Price Drop
Initial Listing
Sep 18, 2026
$364,900
$375,000
-3% Price Drop
Initial Listing
Aug 19, 2026
$375,000
Initial Listing