850 S RIVER Drive 2062, Tempe, AZ 85281, Tempe, 85281 - 2 bed, 2 bath
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Tempe, AZ 85281
This Renovated End-Unit Townhouse is a Prime Investment Opportunity, listed at $275,000—positioned well below the $285,791 Fair Market Value by 3%. This valuation gap provides $10,791 in Instant Equity. Boasting a Condition Rating of 2, the home features a comprehensive 2020 remodel including stainless steel appliances, wood-look laminate flooring, and a new HVAC system. Residents enjoy pool views from dual balconies within a gated community near ASU. This turnkey residence is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 850 S RIVER Drive 2062 Subject | $275,000* List Price | 2 | 2 | 1,130 | $253 | - |
A 816 S MELODY Lane Sold | $285,000 | 3 | 2 | 1,264 | $225 | 0.5 mi |
B 2122 E KIRKLAND Lane 3 Active | $310,000 List Price | 3 | 2 | 1,036 | $299 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent a comprehensive renovation in 2020 (within the 5-year window), including critical system updates like a new HVAC and water heater. The interior features modern wood-look laminate flooring, updated stainless steel kitchen appliances, and refreshed bathrooms with new toilets and faucets, meeting the criteria for mint condition with no immediate maintenance needed.
The property features a new HVAC system, water heater, and stainless steel appliances all installed in 2020, significantly reducing near-term maintenance costs and increasing energy efficiency for the buyer.
As a private end-unit, this condo offers enhanced privacy, pool views, and a unique dual-balcony layout that maximizes outdoor living space and natural light compared to interior units.
Extensively remodeled in 2020, the interior boasts wood-look laminate flooring, fresh paint, and updated bathroom fixtures, providing a contemporary aesthetic that requires no immediate renovation.
With only one assigned parking space for a two-bedroom unit, residents with multiple vehicles or frequent guests may find the parking situation challenging within the gated community.
The assigned elementary school carries a lower rating (3/10), which could impact the property's appeal to families and potentially affect long-term resale value compared to higher-rated districts.
ADORABLE private end-unit condo in a gated community with pool views, TWO balconies & the best location in the valley! Beautiful wood-look laminate floors throughout. Fantastic layout - kitchen is open to the large great room & dining area. Enjoy the TWO roomy bedrooms having expansive closets that share a quaint balcony. Love the large, private main balcony with a storage closet that houses the washer/dryer. Pride of ownership exudes in this recently (2020) remodeled condo including fresh paint. Painted bathroom cabinets, refinished tub/shower surrounds & counters, & replaced toilets & faucets. The kitchen sink, range, microwave, dishwasher were all replaced with sparkling stainless. The water heater & HVAC were also new in 2020. One assigned parking space.Great location!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 1.1 mi
Grades 9-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,130 | 1,180 | 50% |
| Lot Size | 112 | 1,373 | 13% |
| Price | $275.0K | $67.5K | 75% |
| Price per sq ft | $243 | $78 | 75% |
| Built year | 1984 | 1986 | 38% |
| HOA | $244 | $196 | 63% |
| Days on market | 40 | 2627 | 13% |
Apr 27, 2026
$275,000
Initial Listing