824 W MALIBU Drive, Tempe, AZ 85282, Tempe, 85282 - 3 bed, 2 bath
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Tempe, AZ 85282
This Turnkey Townhouse is a Strong Value Opportunity, listed at $345,000—positioned slightly above the $331,030 Fair Market Value. While the price reflects a premium for its Mint Condition Rating, the property offers significant long-term value through a comprehensive, high-end renovation including a new HVAC system, quartz kitchen, and dual-pane windows. With two reserved covered parking spaces and a private patio, this home provides a low-maintenance lifestyle. It is an ideal acquisition for first-time buyers or Owner-Occupants seeking a move-in ready residence in a connected Tempe location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 824 W MALIBU Drive Subject | $329,900* List Price | 3 | 2 | 1,092 | $280 | - |
A 822 W MALIBU Drive Sold | $320,000 | 3 | 2 | 1,088 | $294 | 0.0 mi |
B 26 W CONCORDA Drive 104 Sold | $287,500 | 3 | 2 | 1,258 | $229 | 0.9 mi |
C 320 W LAGUNA Drive Sold | $335,000 | 3 | 2 | 1,235 | $271 | 0.4 mi |
D 906 W MALIBU Drive Active | $309,000 List Price | 3 | 2 | 1,088 | $284 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive, high-end renovation completed in 2026. It features a brand-new HVAC system, water heater, and dual-pane windows. The kitchen and bathrooms are fully modernized with quartz countertops, new cabinetry, and stainless steel appliances. With all-new flooring, lighting, and plumbing fixtures, the home is in mint condition and requires no maintenance.
The property features a complete top-to-bottom renovation, including a brand-new AC system, dual-pane windows, and a modern kitchen with quartz countertops, significantly reducing immediate maintenance costs for the buyer.
Rare for this price point, the unit includes two reserved covered parking spaces and a private storage shed, offering superior convenience and functional space compared to competing townhomes.
The location provides excellent access to major freeway routes, shopping, and dining, making it a highly desirable spot for commuters and those seeking an urban-suburban lifestyle.
The assigned elementary, middle, and high schools all carry a low rating of 3/10, which may limit the property's appeal to families and impact long-term appreciation.
With 1,092 square feet divided into three bedrooms, the interior layout may feel compact, and the 1979 construction year reflects an older community infrastructure despite the interior updates.
Fully remodeled from top to bottom, this single-level 3-bedroom, 2-bath Tempe townhome feels brand new. Major big-ticket upgrades include a brand-new AC system, new dual-pane windows, and a brand-new water heater. The kitchen features new soft-close cabinets, quartz countertops, and stainless steel appliances. Bathrooms have been completely updated, and the home includes new flooring, baseboards, carpet, lighting, and plumbing fixtures throughout. Enjoy a private patio off the kitchen, storage shed, and two reserved covered parking spaces just steps from the unit. Community features multiple pools, grassy areas, and convenient access to shopping, dining, ASU, and freeway routes.
No exterior & parking available.
Grades K-5 • 1.3 mi
Grades 6-8 • 1.8 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,092 | - |
| Lot Size | 1,056 | - |
| Price | $329.9K | $315.5K |
| Price per sq ft | $302 | $270 |
| Built year | 1979 | 0 |
| HOA | $297 | $0 |
| Days on market | 55 | 2203 |
Jul 21, 2026
$329,900
$335,000
-2% Price Drop
Initial Listing
Jun 23, 2026
$335,000
$339,900
-1% Price Drop
Initial Listing
Jun 11, 2026
$339,900
$345,000
-1% Price Drop
Initial Listing
May 28, 2026
$345,000
Initial Listing