
Tempe, AZ 85288
This Turnkey Designer Condominium is listed at $305,000, offering a sophisticated living experience near the $288,500 Fair Market Value. The property boasts an elite Condition Score 2 following a total transformation, including a 2025 HVAC system, new windows, and vaulted ceilings with exposed beams. The custom kitchen, four skylights, and private gated courtyard provide immediate lifestyle luxury, while the no rental restrictions policy ensures long-term investment flexibility. Located minutes from ASU and Sloan Park, this is a premier opportunity for Owner-Occupants or Short-Term Rental Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 562 S ALLRED Drive Subject | $305,000* List Price | 2 | 2 | 987 | $292 | - |
A 712 S LEBANON Lane Active | $250,000 List Price | 2 | 2 | 987 | $253 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property has undergone a comprehensive and high-end renovation within the last year, effectively bringing it to like-new condition despite its 1981 build date. The interior features a fully reimagined kitchen with custom cabinetry and modern appliances, designer-curated bathrooms, and updated flooring throughout. Major systems have been addressed with a new 2025 HVAC system, new windows, and upgraded plumbing and electrical fixtures, meeting the criteria for a property extensively renovated within the last 5 years with no deferred maintenance.
The property has undergone a complete high-end transformation including a 2025 HVAC system, new windows, and designer finishes, offering a move-in-ready experience with no immediate capital expenditure required.
With no rental restrictions and a prime location near ASU and Sloan Park, this property is ideally positioned for both long-term appreciation and high-demand short-term rental opportunities.
Vaulted ceilings with exposed beams and four skylights provide an airy, light-filled atmosphere that distinguishes this unit from standard condominium layouts.
At under 1,000 square feet, the interior footprint may feel restrictive for buyers seeking more generous room dimensions or significant storage capacity.
The $375 monthly HOA fee adds a notable recurring expense to the ownership cost, which may impact the overall affordability for budget-conscious purchasers.
Fully renovated and impeccably reimagined, this University Shadows residence blends modern sophistication with everyday comfort, all elevated by thoughtful designer detail throughout. Vaulted ceilings with exposed beams and four skylights fill the spacious interior with natural light, while the stunning kitchen serves as a true centerpiece with sleek custom cabinetry, stylish backsplash, and a beautifully designed dry bar offering additional storage. Both bathrooms have been thoughtfully curated with a refined, high-design aesthetic. Outside, a private gated front courtyard with ambient lighting and a low-maintenance rear paver patio create inviting spaces for effortless entertaining. Extensive improvements include all interior and exterior doors, new windows and sliders, 2025 HVAC, updated flooring, remodeled kitchen and baths, upgraded plumbing fixtures, and abundant recessed lighting throughout. An HOA-covered roof adds convenience, and NO rental restrictions offers added flexibility for homeowners and investors alike. Perfectly positioned just minutes from ASU, Scottsdale, Sky Harbor, and Downtown Phoenix -- with Sloan Park, the spring training home of the Chicago Cubs, only a short five-minute walk away -- this exceptional home reflects true pride of ownership, with no expense spared in its transformation. Can be sold fully furnished and turn key - inquire for more information.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 1.5 | 50% |
| Baths | 2.0 | 1.5 | 50% |
| Square foot | 987 | 809 | 50% |
| Lot Size | 98 | 79.5 | 50% |
| Price | $305.0K | $262.5K | 50% |
| Price per sq ft | $309 | $329 | 50% |
| Built year | 1981 | 1981 | 50% |
| HOA | $375 | $265 | 50% |
| Days on market | 17 | 1707 | 50% |
Apr 5, 2026
$305,000
Initial Listing