616 S HARDY Drive 206, Tempe, AZ 85281, Tempe, 85281 - 2 bed, 2 bath
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Tempe, AZ 85281
This Modernized Tempe Condominium represents a High-Potential Investment Opportunity with a List Price of $224,000—positioned well below the $249,760 Fair Market Value by 10%. This valuation gap provides $25,760 in Instant Equity. Featuring a Condition Rating of 3, the unit boasts upgraded flooring, newer appliances, and modernized cabinetry. Residents benefit from a community pool and spa and proximity to Scales Technology Academy. Currently tenant-occupied, this asset is a strategic acquisition for Buy-and-Hold Investors or first-time buyers seeking a turnkey entry into the Tempe market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 616 S HARDY Drive 206 Subject | $224,000* List Price | 2 | 2 | 779 | $321 | - |
A 1077 W 1ST Street 205 Sold | $227,000 | 2 | 2 | 779 | $291 | 0.3 mi |
B 1077 W 1ST Street 205 Sold | $227,000 | 2 | 2 | 779 | $291 | 0.3 mi |
C 330 S Beck Avenue 209 Sold | $200,000 List Price | 1 | 1 | 552 | 0.3 mi | |
D 1077 W 1ST Street 106 Pending | $229,900 List Price | 2 | 2 | 779 | $295 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1984, the property has undergone significant recent updates including new flooring, upgraded cabinetry, and newer appliances. The interior is well-maintained and move-in ready, though some original features like popcorn ceilings remain.
The property is ideally situated near Arizona State University, Downtown Tempe, and major employment hubs like the State Farm campus, ensuring high demand and convenience.
Featuring upgraded flooring, newer appliances, and modernized countertops and cabinetry, the unit offers a contemporary aesthetic that requires no immediate renovation.
Being currently tenant-occupied, this condo provides an immediate income stream for investors looking for a low-maintenance addition to their portfolio.
With only 779 square feet for a two-bedroom, two-bathroom configuration, the interior layout may feel compact for some residents.
Constructed in 1984, the property may require more frequent maintenance of common areas and shared infrastructure compared to newer developments.
Beautifully updated 2-bedroom, 2-bath condo located in the heart of Tempe! This well-maintained unit features an open-concept layout with spacious living and dining areas, upgraded flooring, newer appliances, and upgraded countertops and cabinetry throughout. The floor plan offers functionality and privacy, ideal for both homeowners and tenants alike. Enjoy resort-style community amenities including a sparkling pool and spa, clubhouse, built-in BBQ areas, assigned parking, and lush green spaces. Perfect as a primary residence or a low-maintenance investment opportunity. Property is currently tenant-occupied, offering immediate rental income potential from day one. Conveniently located near Arizona State University, Downtown Tempe, State Farm campus, shopping, dining & easy freeway access
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades 6-8 • 0.5 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 779 | 1,493 | 33% |
| Lot Size | 82 | 1,208 | 20% |
| Price | $224.0K | $0 | 53% |
| Price per sq ft | $288 | $0 | 60% |
| Built year | 1984 | 2002 | 27% |
| HOA | $275 | $371 | 40% |
| Days on market | 14 | 2907 | 7% |
Apr 8, 2026
$224,000
Initial Listing