5433 S Mill Avenue, Tempe, AZ 85283, Tempe, 85283 - 3 bed, 2 bath
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5433 S Mill Avenue
Tempe, AZ 85283
ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,053Sq Ft
6,835Lot Size
Property Price
LIST PRICE$480,000
EST. MARKET VALUE
$415,953
15% AboveMARKET VALUE
SUMMARY
This Turnkey Single-Family Residence is a Strong Value Opportunity, listed at $480,000—positioned well above the $415,953 Fair Market Value by 15%. While priced at a premium, the property features an Excellent Condition Rating with a renovated kitchen, wood-look flooring, and a private patio. Located near ASU and major freeways, it offers a high-demand lifestyle for commuters. With $0 HOA fees and proximity to top-rated local schools, this home is an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in ready sanctuary in Tempe.
Estimated Market Value
$415,953
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 |
|---|---|---|---|---|---|---|
★ 5433 S Mill Avenue Subject 3 bd · 2 ba · 1,053 sqft · $395 | $480,000* List Price | 3 | 2 | 1,053 | $395 | - |
A 204 E FORDHAM Drive Sold 3 bd · 2 ba · 1,053 sqft · $388 · 0.1 mi | $409,000 | 3 | 2 | 1,053 | $388 | 0.1 mi |
B 407 E AUBURN Drive Sold 3 bd · 2 ba · 1,328 sqft · $350 · 0.3 mi | $465,000 | 3 | 2 | 1,328 | $350 | 0.3 mi |
C 16 W DUKE Drive Sold 3 bd · 2 ba · 1,223 sqft · $331 · 0.3 mi | $405,000 | 3 | 2 | 1,223 | $331 | 0.3 mi |
D 219 E SESAME Circle Sold 3 bd · 2 ba · 1,177 sqft · $370 · 0.3 mi | $435,000 | 3 | 2 | 1,177 | $370 | 0.3 mi |
E 247 E FORDHAM Drive Sold 3 bd · 2 ba · 1,267 sqft · $354 · 0.1 mi | $449,000 | 3 | 2 | 1,267 | $354 | 0.1 mi |
F 5813 S COLLEGE Avenue Sold 3 bd · 2 ba · 1,267 sqft · $351 · 0.3 mi | $445,000 | 3 | 2 | 1,267 | $351 | 0.3 mi |
G 718 E Sesame Street Sold 3 bd · 2 ba · 1,457 sqft · $333 · 0.4 mi | $485,000 | 3 | 2 | 1,457 | $333 | 0.4 mi |
H 323 E SESAME Street Pending 3 bd · 2 ba · 1,266 sqft · $367 · 0.3 mi | $465,000 List Price | 3 | 2 | 1,266 | $367 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1972, the property has undergone significant renovations likely within the last 5-15 years. It features an updated kitchen with white cabinetry and stainless steel appliances, modern wood-look flooring, recessed lighting, and updated fixtures throughout. The home is well-maintained and in move-in ready condition.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Tempe Location
The property boasts an unbeatable location near ASU, Downtown Tempe, and major freeways, making it highly attractive for commuters and university-affiliated residents.
- Turnkey Interior Updates
Featuring an updated kitchen with stainless steel appliances, wood-look flooring, and recessed lighting, the home offers a fresh, move-in-ready aesthetic.
- No HOA Restrictions
With a $0 association fee, owners enjoy greater financial flexibility and freedom from the restrictive rules often found in managed subdivisions.
CONSRISKS & DEFICIENCIES
- Limited Square Footage
At just 1,053 square feet for a three-bedroom home, the interior living spaces and bedrooms may feel small or cramped for larger families.
- Vintage Infrastructure
Built in 1972, the property may have aging mechanical systems or utility infrastructure that could require maintenance despite the cosmetic interior updates.
About 5433 S Mill Avenue
Take a look at this beautifully maintained single-level home that sits on a lush, green lot with mature trees & inviting curb appeal! Inside, you'll find a bright, open layout with wood-look flooring throughout, recessed lighting & a neutral palette that feels fresh & move-in ready. The updated kitchen features crisp white cabinetry & SS appliances. The adjacent dining area is filled with natural light and flows seamlessly into the living space, creating an easy, functional floor plan. Flexible rooms allow for a home office, creative studio, or guest space, enhanced by built-in shelving & ample storage. Ceiling fans, updated fixtures & thoughtful finishes throughout add both comfort & style. Unbeatable location near ASU, Downtown Tempe, shopping,dining, parks & major freeways!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1972
- Lot Size
- 6,835 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Tempe Unified Schools
Aguilar School
Grades K-5 • 0.2 mi
4/10
Fees College Preparatory Middle School
Grades 6-8 • 1.3 mi
4/10
Marcos De Niza High School
Grades 9-12 • 1.0 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.3 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,053 | 1,805.798 |
| Lot Size | 6,835 | 8,241.322 |
| Price | $480.0K | $528.2K |
| Price per sq ft | $456 | $306 |
| Built year | 1972 | 1973 |
| HOA | $0 | $297 |
| Days on market | 9 | 66 |
Pricing History
Listed for Sale
Oct 15, 2026
$480,000
Initial Listing