847 W RICE Drive, Tempe, AZ 85283, Tempe, 85283 - 3 bed, 2 bath
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Tempe, AZ 85283
This Stunning Move-In Ready Townhome is listed at $445,000, offering a stable investment opportunity near its $433,372 Fair Market Value. Boasting a Condition Rating of 2, the residence features a high-end kitchen with shaker cabinets and a waterfall peninsula, complemented by modern wood-look tile. Significant recent upgrades, including a new A/C system and resurfaced roof, provide long-term peace of mind. Located near Wood Elementary with an exceptionally low $67 HOA fee and three community pools, this property combines luxury with low-cost maintenance. It is a premier choice for Owner-Occupants or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 847 W RICE Drive Subject | $435,000* List Price | 3 | 2 | 1,426 | $296 | - |
A 742 W DUKE Drive Sold | $410,000 List Price | 3 | 2 | 1,426 | 0.1 mi | |
B 1222 W BASELINE Road 145 Sold | $320,000 | 2 | 2 | 1,093 | $293 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1980, the property has undergone an extensive recent renovation within the last 5 years. It features a high-end modern kitchen with shaker cabinets and a waterfall peninsula, upgraded wood-look tile flooring, and fully remodeled bathrooms with contemporary tile work. With a new A/C system, resurfaced roof, and fresh paint, all major components are virtually new and meet current quality standards.
The property features a high-end kitchen remodel with shaker cabinets, stainless steel appliances, and a waterfall peninsula, providing a contemporary aesthetic and functional entertaining space.
Significant recent upgrades including a new A/C system, a resurfaced roof, and a new skylight offer buyers peace of mind and reduced immediate maintenance expenses.
At just $67 per month, the exceptionally low HOA fee provides access to three community pools, RV parking, and exterior maintenance, offering high value for the price point.
While the interior is beautifully updated, the 1980 build year may mean some underlying structural or plumbing components are original and could require future attention.
The assigned middle and high schools carry average ratings of 4 and 5, which may be a drawback for families specifically seeking top-tier educational districts.
Beautifully updated 3-bedroom, 2-bathroom townhouse in the heart of Tempe offering 1,426 sqft of comfortable living space. The bright layout features an oversized foyer leading to an open-concept kitchen and family room with shaker cabinets, stainless steel appliances, and a waterfall peninsula perfect for entertaining. The home includes upgraded tile, fresh paint, a spacious laundry room, and a two-car garage. The primary suite offers a walk-in closet, tiled shower, and private patio. Recent improvements include a new skylight, resurfaced roof, and new A/C for added peace of mind. The seller will also provide a home warranty to the buyer. Enjoy a low-maintenance covered patio and community amenities including three pools (one heated), RV parking, and low HOA fees.
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades 6-8 • 2.2 mi
Grades 9-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 80% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,426 | 1,147.5 | 80% |
| Lot Size | 3,419 | 1,121 | 80% |
| Price | $435.0K | $285.0K | 90% |
| Price per sq ft | $305 | $256 | 90% |
| Built year | 1980 | 1980 | 50% |
| HOA | $67 | $205 | 20% |
| Days on market | 44 | 1340 | 10% |
Apr 16, 2026
$435,000
$445,000
-2% Price Drop
Initial Listing
Mar 9, 2026
$445,000
Initial Listing