
Tempe, AZ 85283
This Turnkey Townhome is a Strong Value Opportunity, listed at $375,000—positioned slightly above the $365,883 Fair Market Value. Despite the minor premium, the property maintains a Condition Rating of 2, reflecting a comprehensive modern renovation with quartz countertops and updated fixtures. Featuring a Private Backyard and access to a Community Pool, this residence offers a premium lifestyle minutes from ASU. Its move-in ready status and gated security make it an ideal acquisition for first-time buyers or faculty members seeking a low-maintenance, high-convenience home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5400 S HARDY Drive 113 Subject | $375,000* List Price | 2 | 3 | 1,217 | $301 | - |
A 1222 W BASELINE Road 113 Sold | $294,900 | 2 | 2 | 1,093 | $270 | 0.4 mi |
B 556 W DUKE Drive Sold | $350,000 | 2 | 2 | 1,228 | $285 | 0.4 mi |
C 524 W COLGATE Drive Pending | $359,900 List Price | 2 | 3 | 1,226 | $294 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1999, the property has undergone a comprehensive modern renovation within the last 5 years. The kitchen features updated two-tone cabinetry, quartz countertops, and stainless steel appliances. Bathrooms are fully modernized with LED mirrors and contemporary tiling, and the home features updated flooring and fixtures throughout, making it move-in ready with no maintenance required.
The property is ideally situated minutes from ASU with easy freeway access and proximity to top-tier dining and shopping, making it highly attractive for students, faculty, and commuters.
Unlike many townhomes in the area, this unit features a private backyard shaded by mature trees, providing a secluded outdoor retreat that is rare for this property type.
Located within the Alterra Townhomes gated community, the property offers controlled access and resort-style amenities, including a community pool, enhancing both safety and lifestyle.
With only two bedrooms, the property may have a more restricted buyer pool, potentially excluding larger families or those requiring multiple home office spaces.
Built in 1999, the home may soon require capital improvements to major systems or interior updates to compete with newer, more energy-efficient developments in the Tempe market.
Welcome to this charming 2BD/2.5BA townhome tucked inside a gated Tempe community just minutes from ASU. The open floor plan flows effortlessly between living spaces, with two generously sized bedrooms and well-appointed baths throughout. Step outside to your private backyard shaded by mature trees, a rare outdoor retreat perfect for morning coffee or weekend relaxing. Community amenities include a sparkling pool, ideal for warm Arizona afternoons. With controlled gate access, resort-style living, and an unbeatable location close to ASU, top dining, shopping, and easy freeway access, this one has it all.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 82% |
| Square foot | 1,217 | 1,228 | 45% |
| Lot Size | 4,145 | 3,311 | 73% |
| Price | $375.0K | $223.5K | 91% |
| Price per sq ft | $308 | $226 | 82% |
| Built year | 1999 | 1986 | 82% |
| HOA | $274 | $195 | 82% |
| Days on market | 33 | 853 | 9% |
May 5, 2026
$375,000
Initial Listing