5400 S Hardy Drive 114, Tempe, AZ 85283, Tempe, 85283 - 2 bed, 3 bath
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5400 S Hardy Drive 114
Tempe, AZ 85283
ACTIVE
CONDITION: FAIR
2Beds
3Baths
1,217Sq Ft
4,145Lot Size
Property Price
LIST PRICE$365,000
EST. MARKET VALUE
$334,502
9% AboveMARKET VALUE
SUMMARY
This Turnkey Townhome represents a Strong Value Opportunity, listed at $365,000—positioned well above the $334,502 Fair Market Value by 9%. While priced at a premium, the property features a Condition Rating of 4, boasting recent major upgrades including a new roof, A/C, and flooring. The inclusion of a private backyard and 2-car garage provides rare utility for the area. This home is an ideal acquisition for first-time buyers or Owner-Occupants seeking a move-in-ready residence near ASU with minimal immediate maintenance requirements.
Estimated Market Value
$334,502
Based on Realkey algorithm analyzing recent comparable sales in Tempe.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5400 S Hardy Drive 114 Subject | $365,000* List Price | 2 | 3 | 1,217 | $275 | - |
A 5409 S MITCHELL Drive Sold | $315,000 | 2 | 2 | 1,120 | $281 | 0.3 mi |
B 1222 W BASELINE Road 163 Pending | $275,000 List Price | 2 | 3 | 1,119 | $246 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property was built in 1999 (>20 years old). While it features excellent 'recent' updates to major systems (HVAC and roof) and cosmetic refreshes like paint and flooring, the kitchen and bathrooms remain dated with original-style cabinetry, older countertops, and 90s-era fixtures, fitting the criteria for a well-maintained but dated home.
PROSSTRENGTHS & OPPORTUNITIES
- Recent Major Upgrades
The property features a new roof, A/C system, flooring, and interior paint, providing significant value and peace of mind for move-in ready buyers.
- Premium Townhome Amenities
Unlike many townhomes, this unit includes both a private backyard and a 2-car garage, offering the privacy and storage typically reserved for single-family residences.
- Strategic Location
Situated in a gated community near ASU and major freeways, the property offers excellent accessibility and strong potential for both owner-occupants and investors.
CONSRISKS & DEFICIENCIES
- Compact Living Footprint
With 1,217 square feet and only two bedrooms, the home may feel restrictive for larger households or those requiring multiple dedicated workspaces.
- Monthly HOA Obligations
The $274 monthly association fee increases the total cost of ownership, which may impact the purchasing power of some buyers in this price bracket.
About 5400 S Hardy Drive 114
Gated Tempe Townhome with Private Backyard & 2-Car Garage! Discover the perfect combination of location, comfort, and convenience in this inviting 2-bedroom, 2.5-bath townhome in the gated Alterra community. Featuring approximately 1,217 sq. ft. of living space, an open-concept floor plan, generously sized bedrooms, a loft, and well-appointed baths, this home is designed for easy everyday living. Recent updates include flooring, carpet, interior paint, roof, and A/C, giving the home a fresh, move-in-ready feel while providing valuable peace of mind. The home also features an existing alarm/security system for added convenience and security. One of the standout features is the private backyard, offering a peaceful outdoor retreat that's perfect for relaxing, entertaining, or enjoying Arizona's beautiful evenings. A 2-car garage provides secure parking and valuable storage. Enjoy community amenities including a sparkling pool and controlled gated entry, all while being just minutes from ASU, restaurants, shopping, entertainment, and convenient freeway access. Whether you're a first-time buyer, looking to simplify your lifestyle, or seeking a well-located investment, this home delivers the Tempe lifestyle you've been looking for.
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 1999
- Lot Size
- 4,145 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $274 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,217 | 1,228.5 |
| Lot Size | 4,145 | 1,782.5 |
| Price | $365.0K | $327.5K |
| Price per sq ft | $300 | $263 |
| Built year | 1999 | 1981 |
| HOA | $274 | $263 |
| Days on market | 13 | 65 |
Pricing History
Listed for Sale
Aug 27, 2026
$365,000
Initial Listing