OFF MARKET

Off Market Jun 2022 for $108M

—

Est. refi paymentEst. refi $693,181/mo

—

•

— ba

•

41,700

sq ft

1050 S Terrace Rd, Tempe, AZ 85281

About this home

1050 S Terrace Rd is a 41,700 square foot multi-family home on a 3.56 acre lot. - it last sold on June 03, 2022 for $108,500,000.

Multi-familyProperty Type

2015Year Built

3.56 acresLot Size

$2,602Price/Sq.Ft.

Source:Public Records

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 85281, AZ

Last updated July 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

97.0%

0.8% MoM

Median sale price

$435K

$15K MoM

Avg. days on market

57d

3 days MoM

Recently sold homes

5 MoM

New listings for sale

$329,000
2 beds2 baths1,160 sq ft
1111 W University Dr #2011, Tempe, AZ 85281
$310,000
2 beds2 baths960 sq ft
1215 E Lemon St #107, Tempe, AZ 85281
$699,000
3 beds1.5 baths1,581 sq ft
38 W Thomas Ln, Tempe, AZ 85281
$399,999
3 beds3 baths1,310 sq ft
2089 E Don Carlos Ave, Tempe, AZ 85281
3D WALKTHROUGH
$525,000
3 beds2 baths1,760 sq ft
1006 S Siesta Ln, Tempe, AZ 85281
$750,000
4 beds4 baths— sq ft
908 S Mariana St, Tempe, AZ 85281
3D WALKTHROUGH
$278,000
2 beds1.5 baths984 sq ft
1055 W 5th St #10, Tempe, AZ 85281
$580,000
3 beds2.5 baths1,628 sq ft
1120 S Ash Ave #1007, Tempe, AZ 85281
OPEN TODAY, 11AM TO 2PM
$565,000
4 beds2 baths1,766 sq ft
726 W 19th St, Tempe, AZ 85281
$499,900
4 beds3 baths1,836 sq ft
1012 S Price Rd, Tempe, AZ 85281
See all

Provided by Redfin

Sale history for 1050 S Terrace Rd

Year

Property tax

Land + Additions

Assessment*

2025

$478,710 (+7.0%)

2024

$447,390 (+1.2%)

2023

$441,996 (+4.3%)

2022

$423,974 (−0.7%)

$1,226,540 + $4,906,160

$6,132,700

2021

$426,907 (+3.1%)

$1,216,320 + $4,865,280

$6,081,600

2020

$413,945 (+1.9%)

$1,001,280 + $4,005,140

$5,006,420

2019

$406,095 (+2.5%)

$981,220 + $3,924,890

$4,906,110

2018

$396,007 (+3.1%)

$981,220 + $3,924,890

$4,906,110

2017

$384,221 (+0.7%)

$745,500 + $2,982,000

$3,727,500

2016

$381,516

$677,500 + $2,710,010

$3,387,510

Tax history for 1050 S Terrace Rd

Year

Property tax

Land + Additions

Assessment*

2025

$478,710 (+7.0%)

2024

$447,390 (+1.2%)

2023

$441,996 (+4.3%)

2022

$423,974 (−0.7%)

$1,226,540 + $4,906,160

$6,132,700

2021

$426,907 (+3.1%)

$1,216,320 + $4,865,280

$6,081,600

2020

$413,945 (+1.9%)

$1,001,280 + $4,005,140

$5,006,420

2019

$406,095 (+2.5%)

$981,220 + $3,924,890

$4,906,110

2018

$396,007 (+3.1%)

$981,220 + $3,924,890

$4,906,110

2017

$384,221 (+0.7%)

$745,500 + $2,982,000

$3,727,500

2016

$381,516

$677,500 + $2,710,010

$3,387,510

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Zoning and permits

Zoning
Permits

MU-4

Mixed-Use, High Density District

The MU-4 district (previously designated as MG district) allows unlimited housing density in a mixed-use setting with commercial, office, and public uses. Development intensity in the MU-4 district isestablished through the PAD Overlay process and must be consistent with the General Plan and the city's ability to provide public facilities.

Permitted uses

Include but are not limited to:

Convention center
Religious facility
Convenience store
Day care facility
General retail
Restaurant
Housing
Housing-Senior
Hotel / motel
Office

Property details

Interior

Heating & Cooling
Air Conditioning Type: Package
Heating Type: Package

Exterior

Exterior Information
Construction Type: Steel/Wood
Exterior Wall: Stucco
Roof Covering Type: Built Up Composition
Roof Shape Type: Built Up Composition
Building Type: Apartment
Building Improvement Type: Apartment

Property Information
Subdivision Name: 1050 SOUTH TERRACE ROAD REP
Ground Floor Sq. Ft: 8,340
Building Sq. Ft: 41,700
# of Stories: 5
Legal Description: LOT 1 1050 SOUTH TERRACE ROAD AMD

Lot Information
# of Buildings: 12
Land Sq. Ft: 155,162
Legal Lot Number: 1
Municipality Name: TEMPE
Acres: 3.562
Zoning Code: MU-4
State Use Description: APTS 100+ UNITS-MULT RES-3+ST

Utility Information
Sewer Type: Public

Financial

Assessor Information
Assessment Year: 2025
Tax Area: 031600

Public facts

Beds: —
Baths: —
Sq. Ft.: 41,700
Stories: 5.0
Lot Size: 3.56 acres
Style: Multi-Family (5+ Unit)
Year Built: 2015
Year Renovated: 2015
County: Maricopa County
APN: 13273543

Home facts updated by county records on Jul 8, 2026

Around this home

Schools

Cecil Shamley School

Public PreK-8 • Assigned • 2.0mi

4/10

McClintock High School

Public 9-12 • Assigned • 1.6mi

8/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

5/10 Flood Factor

Estimated 19-29% chance of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

9/10 Heat Factor

6 days above 111° expected this year, 17 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Tempe, AZ • 85281

Average low and high temperatures (°F)

105

106

107

102

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 13.5 hours in June and 7.7 hours in December, placing it above the U.S. average for solar exposure.

13.5 hrs

7.7 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

Track this home’s value and nearby sales activity

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New listings for sale in 85281

$329,000

2 beds2 baths1,160 sq ft

1111 W University Dr #2011, Tempe, AZ 85281

$310,000

2 beds2 baths960 sq ft

1215 E Lemon St #107, Tempe, AZ 85281

$699,000

3 beds1.5 baths1,581 sq ft

38 W Thomas Ln, Tempe, AZ 85281

$399,999

3 beds3 baths1,310 sq ft

2089 E Don Carlos Ave, Tempe, AZ 85281

3D WALKTHROUGH

$525,000

3 beds2 baths1,760 sq ft

1006 S Siesta Ln, Tempe, AZ 85281

$750,000

4 beds4 baths— sq ft

908 S Mariana St, Tempe, AZ 85281

3D WALKTHROUGH

$278,000

2 beds1.5 baths984 sq ft

1055 W 5th St #10, Tempe, AZ 85281

$580,000

3 beds2.5 baths1,628 sq ft

1120 S Ash Ave #1007, Tempe, AZ 85281

OPEN TODAY, 11AM TO 2PM3D WALKTHROUGH

$565,000

4 beds2 baths1,766 sq ft

726 W 19th St, Tempe, AZ 85281

Home values near 1050 S Terrace Rd

Data from public records.

Address
1011 E Lemon Street, Tempe, AZ - Beds \| - Baths \| 17065 Sq. Ft.
1019 E Lemon Street, Tempe, AZ - Beds \| - Baths \| 8820 Sq. Ft.

Address
1011 E Lemon Street, Tempe, AZ - Beds \| - Baths \| 2982 Sq. Ft.

Address
914 E Lemon Street, Tempe, AZ - Beds \| - Baths \| 14414 Sq. Ft.

Property information provided by undefined .

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 85281, AZ

Sale history for 1050 S Terrace Rd

Tax history for 1050 S Terrace Rd

Zoning and permits

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 85281

Home values near 1050 S Terrace Rd

More real estate resources