7 E BALBOA Drive, Tempe, AZ 85282, Tempe, 85282 - 3 bed, 2 bath
Loading property details...
Tempe, AZ 85282
This Modernized Turnkey Residence is a Strong Value Opportunity, listed at $550,000—positioned well below the $580,302 Fair Market Value by 5%. This valuation gap provides $30,302 in Instant Equity for the incoming buyer. Boasting a Mint Condition Rating, the home features a chef's kitchen with quartz countertops, a modern fireplace, and rare functional upgrades including an EV charging station and RV gate. Located steps from ASU, the property benefits from high rental demand and excellent appreciation potential. This is an ideal acquisition for Owner-Occupants seeking a polished sanctuary or Buy-and-Hold Investors targeting the university corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7 E BALBOA Drive Subject | $539,900* List Price | 3 | 2 | 2,126 | $274 | - |
A 501 E HERMOSA Drive Sold | $539,000 List Price | 3 | 2 | 1,642 | 0.9 mi | |
B 2704 S TERRACE Road Sold | $630,000 | 5 | 2 | 2,024 | $311 | 1.0 mi |
C 122 E DEL RIO Drive Active | $599,000 List Price | 3 | 2 | 1,843 | $325 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1960, the property has undergone a comprehensive modern renovation within the last 5 years. The interior features a fully updated kitchen with quartz countertops and shaker cabinets, remodeled bathrooms with contemporary tile work and fixtures, and updated systems including an EV charging station. The home is in mint condition and move-in ready.
Situated just steps from Arizona State University in a highly desirable Tempe neighborhood, the property offers excellent appreciation potential and high demand for university-affiliated residents.
The home features a comprehensive remodel including a chef's kitchen with quartz countertops, shaker cabinets, and an oversized primary suite with a walk-in closet, making it truly move-in ready.
The property includes rare functional upgrades such as a dedicated EV charging station and a large lot with an RV gate, providing ample storage and modern convenience.
Originally built in 1960, the property may have aging underlying systems such as plumbing or electrical that may not have been fully updated during the cosmetic renovation.
The close proximity to ASU can lead to increased noise levels, street parking congestion, and higher pedestrian traffic typical of a dense university-centric environment.
Rare opportunity to own a remodeled 3/2 on a large lot just steps from ASU in one of Tempe's coolest areas. When you walk through the front door you're instantly greeted with tons of living space flooded with natural light. A short walk into the kitchen you'll find an amazing space to both cook and entertain with shaker cabinets, stainless steel appliances, and quartz countertops. Enjoy your meals with the snap and crackle of your new fireplace! When it's time for rest you'll find an oversized primary with ensuite bathroom featuring double sinks, and a large walk-in closet. Let's not forget a huge backyard with RV gate with enough space to store nearly anything and EV parking in the front with an included charge station. This house is seriously move-in ready!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,126 | 1,669 | 75% |
| Lot Size | 7,693 | 8,355 | 35% |
| Price | $539.9K | $185.8K | 79% |
| Price per sq ft | $254 | $112 | 60% |
| Built year | 1960 | 1970 | 12% |
| HOA | $0 | $0 | 50% |
| Days on market | 43 | 2445 | 2% |
May 31, 2026
$539,900
$550,000
-2% Price Drop
Initial Listing
Apr 24, 2026
$550,000
Initial Listing