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 | $345,000* List Price | 3 | 2 | 1,092 | $303 | - |
A 3411 S WILSON Street Sold | $425,000 | 3 | 2 | 1,501 | $283 | 0.3 mi |
B 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.
Freshly completed and fully remodeled, this 3-bedroom, 2-bath Tempe home feels brand new the moment you walk in. Enjoy a brand-new AC system, new dual-pane windows throughout the entire unit, and a brand-new water heater. The kitchen has been redone with new soft-close cabinets, quartz countertops, and high-end stainless steel appliances. Bathrooms have been completely updated, and the home features new flooring, baseboards, carpet, lighting, and plumbing fixtures throughout. Additionally, you have a private patio right off the kitchen, a storage shed, and two reserved covered parking spaces just steps from the unit. The community includes multiple pools, grassy areas for dogs, and convenient access to nearby shopping, dining, 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,092 | 1,352.5 | 13% |
| Lot Size | 1,056 | 2,522 | 25% |
| Price | $345.0K | $339.9K | 50% |
| Price per sq ft | $316 | $259 | 94% |
| Built year | 1979 | 1973 | 75% |
| HOA | $297 | $166 | 94% |
| Days on market | 9 | 2221 | 6% |
May 28, 2026
$345,000
Initial Listing