700 E MESQUITE Circle M129, Tempe, AZ 85288, Tempe, 85288 - 2 bed, 1 bath
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Tempe, AZ 85288
This Turnkey Townhouse represents a Strong Value Opportunity, listed at $269,900—positioned well below the $278,451 Fair Market Value by 3%. This valuation gap offers $8,551 in Instant Equity for the buyer. Featuring a Condition Rating of 2, the unit includes modern granite countertops, plank vinyl flooring, and a brand new AC unit. Its poolside location and proximity to ASU and Papago Park ensure high demand. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 700 E MESQUITE Circle M129 Subject | $269,900* List Price | 2 | 1 | 934 | $298 | - |
A 700 E MESQUITE Circle M229 Active | $310,000 List Price | 2 | 1 | 1,055 | $294 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property features a very recent renovation (likely <5 years) including new granite countertops, plank vinyl flooring throughout, and a brand new AC unit. The interior is in mint, move-in ready condition with updated major systems.
Ideally situated across from Papago Park with easy access to ASU, Mill Ave, and the Light Rail, making it a high-demand area for students and professionals.
The unit features significant upgrades including a brand-new AC unit, granite countertops, and modern vinyl plank flooring, reducing immediate maintenance costs for the buyer.
As a lower-level, poolside condo with a private patio and storage, the property offers superior convenience and a resort-like atmosphere within the community.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1275, other record lot size in square feet = 126. Living area discrepancy between mls listing and other public or private record. mls listing living area = 934, other record living area = 1055.
The monthly association fee of $373 is relatively high for a 934-square-foot unit, which may impact the debt-to-income ratio for some buyers.
Having only one bathroom for a two-bedroom floor plan can be a competitive disadvantage for those looking to house roommates or small families.
Papago Park Village 2 bed pool side townhome. Super Cute Updated lower Level Condo facing the pool. New granite countertops. Plank vinyl flooring throughout. Stackable washer/dryer in unit. Private front patio and storage room. Large primary bedroom with large closets and private sink/dressing area. Ceiling fans throughout the home, brand new AC Unit. Community Pool, assigned parking spot. Property has plenty of visitor parking available. Across the street from Papago Park & Dog Park, walk/bike to ASU, Mill Ave, Tempe Town Lake. Close to Light Rail and Old Town Scottsdale.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 13% |
| Square foot | 934 | 1,188 | 13% |
| Lot Size | 1,275 | 1,283.5 | 50% |
| Price | $269.9K | $303.8K | 25% |
| Price per sq ft | $289 | $298 | 50% |
| Built year | 1983 | 1984 | 50% |
| HOA | $373 | $314 | 88% |
| Days on market | 23 | 470 | 13% |
May 14, 2026
$269,900
Initial Listing