OFF MARKET

Off Market Apr 2022 for $740K

$717,356

Est. refi paymentEst. refi $4,482/mo

•

3 ba

•

2,590

sq ft

7242 S Terrace Rd, Tempe, AZ 85283

About this home

Gorgeous 5 Bedroom 3 Bath South Tempe home boasting hardwood floors throughout, a lovely kitchen w/ rich granite counter-tops and cherry wood cabinetry. Huge master suite w/ walk-in-closet, spacious rooms w/ ceiling fans. In the very private back yard, you will enjoy the refreshing diving pool that was recently redone with pebble tech for a resort feel. Plenty of storage in 3G, insulated work shop w/ A/C unit, Rv gate,. A/C units were replaced in 2017. Located on Large cul-De-sac lot near award winning Kyrene schools and Kwanis park for fishing, bike riding and much more! Tenant occupied until end of March.

Single-familyProperty Type

1988Year Built

9,744 sq ftLot Size

$277Est. Price/Sq.Ft.

3 car garageParking

Listed by Chantel Saathoff • Real Property Management Evolve

Bought with Pam Olmstead • HomeSmart

Redfin checked: 3 minutes ago

•Source:ARMLS #6364503

Redfin Estimate

$717,356

$23K since sold in April 2022$2,000 since July

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 1.8% lower than the average sale price ($730K) of 6 comparable homes.

SOLD OCT 22, 2025
$449,000
A
4 beds3 baths2,516 sq ft
1607 E Libra Dr, Tempe, AZ 85283
SOLD JUL 22, 2026
$695,000
B
5 beds3 baths2,624 sq ft
7241 S Terrace Rd, Tempe, AZ 85283
SOLD MAY 29, 2026
$1,125,000
C
5 beds3.5 baths2,588 sq ft
940 E Secretariat Dr, Tempe, AZ 85284
SOLD MAY 15, 2026
$675,000
D
4 beds3 baths2,616 sq ft
1335 E Sunburst Ln, Tempe, AZ 85284
SOLD APR 23, 2026
$800,000
E
5 beds3 baths2,991 sq ft
934 E Verde Ln, Tempe, AZ 85284
SOLD MAY 22, 2026
$637,000
F
4 beds3 baths1,995 sq ft
1222 E Louis Way, Tempe, AZ 85284

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Sell

$130,095

Est. take-home

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Est. cash available

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Rent

$3,633/mo

Redfin rental estimate

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Market trends in 85283, AZ

Last updated July 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

97.9%

+0.2% MoM

Median sale price

$460K

$20K MoM

Avg. days on market

50d

1 days MoM

Recently sold homes

114

3 MoM

New listings for sale

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OPEN SAT, 1PM TO 3PM
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5406 S College Ave, Tempe, AZ 85283
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1 bed1 bath778 sq ft
600 W Grove Pkwy #1009, Tempe, AZ 85283
NEW 7 HRS AGO
$365,000
2 beds2.5 baths1,217 sq ft
5400 S Hardy Dr #114, Tempe, AZ 85283
NEW 20 HRS AGO
$459,000
3 beds2 baths1,267 sq ft
5813 S College Ave, Tempe, AZ 85283
NEW 27 HRS AGO
$385,000
3 beds2 baths1,432 sq ft
517 W Duke Dr, Tempe, AZ 85283
3D WALKTHROUGH
$485,000
3 beds2 baths1,566 sq ft
5502 S Hazelton Ln, Tempe, AZ 85283
FOR SALE BY OWNER
$545,000
3 beds2 baths1,640 sq ft
1607 E La Donna Ln, Tempe, AZ 85283
OPEN FRI, 12PM TO 4PM
$400,000
3 beds2 baths1,732 sq ft
642 W Magdalena Dr, Tempe, AZ 85283
OPEN SAT, 8AM TO 10AM
$375,000
2 beds2 baths1,426 sq ft
5323 S Mitchell Dr, Tempe, AZ 85283
See all

Provided by Redfin

Sale history for 7242 S Terrace Rd

Date

Event

Price

ARMLS #6364503

Apr 28, 2022

Sold

$740,000

$286/sq ft

Apr 4, 2022

Pending

—

Mar 18, 2022

Contingent

—

Mar 3, 2022

Listed

$700,000

$270/sq ft

ARMLS #5429437

Jun 24, 2016

Listing Removed

—

May 14, 2016

Relisted

—

May 13, 2016

Listing Removed

—

Apr 16, 2016

Listed

$439,000

$169/sq ft

Public Records

Oct 23, 2006

Sold

$467,000

$180/sq ft

ARMLS #2602889

Oct 24, 2006

Sold

$475,000

$183/sq ft

Sep 27, 2006

Listing Removed

—

Aug 25, 2006

Listed

$475,000

$183/sq ft

Big & Beautiful! Surround yourself with quality in this 5 Bedroom 3 Bath home. Completely remodeled featuring; hardwood floors throughout, light bright kitchen w/ granite counter-tops, new appliances, custom paint, pool re-plaster done in `05, & much more. Huge master suite w/ walk-in-closet, spacious rooms w/ ceiling fans. In the very private Back Yard you`ll enjoy the refreshing diving pool, or relax in the heated in ground spa. Plenty of storage in 3G w/ insulated Wk shop w/A/C unit, Rv gate, dog run. Located on Large cul-De-sac lot near park & award winning Kyrene schools a must see!

ARMLS #2112743

May 26, 2004

Sold

$278,000

$107/sq ft

Apr 20, 2004

Listing Removed

—

Mar 4, 2004

Listed

$284,900

$110/sq ft

Public Records

Feb 9, 1990

Sold

$169,900

$66/sq ft

Public Records

Nov 23, 1987

Sold

$163,851

$63/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$2,909 (+3.2%)

2024

$2,818 (−20.5%)

2023

$3,546 (+5.6%)

2022

$3,359 (−16.9%)

$7,910 + $31,640

$39,550

2021

$4,042 (+2.3%)

$7,300 + $29,230

$36,530

2020

$3,953 (+3.1%)

$7,010 + $28,060

$35,070

2019

$3,835 (+3.1%)

$6,750 + $27,030

$33,780

2018

$3,719 (+21.7%)

$6,750 + $27,030

$33,780

2017

$3,056 (−1.4%)

$6,090 + $24,370

$30,460

2016

$3,099 (+8.3%)

$6,250 + $25,010

$31,260

2015

$2,863 (+4.4%)

$5,680 + $22,720

$28,400

2014

$2,743 (+10.6%)

$4,750 + $19,000

$23,750

2013

$2,480 (+2.5%)

$4,270 + $17,100

$21,370

2012

$2,420 (−5.2%)

$4,550 + $18,230

$22,780

2011

$2,554 (−8.6%)

$5,040 + $20,180

$25,220

2010

$2,793 (+9.4%)

$5,730 + $22,940

$28,670

2009

$2,552

$6,870 + $27,490

$34,360

Tax history for 7242 S Terrace Rd

Year

Property tax

Land + Additions

Assessment*

2025

$2,909 (+3.2%)

2024

$2,818 (−20.5%)

2023

$3,546 (+5.6%)

2022

$3,359 (−16.9%)

$7,910 + $31,640

$39,550

2021

$4,042 (+2.3%)

$7,300 + $29,230

$36,530

2020

$3,953 (+3.1%)

$7,010 + $28,060

$35,070

2019

$3,835 (+3.1%)

$6,750 + $27,030

$33,780

2018

$3,719 (+21.7%)

$6,750 + $27,030

$33,780

2017

$3,056 (−1.4%)

$6,090 + $24,370

$30,460

2016

$3,099 (+8.3%)

$6,250 + $25,010

$31,260

2015

$2,863 (+4.4%)

$5,680 + $22,720

$28,400

2014

$2,743 (+10.6%)

$4,750 + $19,000

$23,750

2013

$2,480 (+2.5%)

$4,270 + $17,100

$21,370

2012

$2,420 (−5.2%)

$4,550 + $18,230

$22,780

2011

$2,554 (−8.6%)

$5,040 + $20,180

$25,220

2010

$2,793 (+9.4%)

$5,730 + $22,940

$28,670

2009

$2,552

$6,870 + $27,490

$34,360

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

Public record

Public record
Zoning

Beds

—

Baths

Stories

Lot width

—

Lot depth

—

Lot size

9,744 Sq. Ft.

Year renovated

—

Sq. Ft.

2,590

Year built

1988

Style

Single Family Residential

County

Maricopa County

APN

30191498

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 7, 2026.

R1-7

Single-Family Residential District

The residential districts are designed to provide neighborhoods with a range of housing densities. The differences in these housing densities and regulations are intended to support the varying lifestyles of the city's residents. The districts provide for a range of residential habitation including rural-agricultural, single-family, multi-family, mobile home, and combinations thereof, together with home occupations, schools, parks, and public services necessary for neighborhood living.

Permitted uses

Include but are not limited to:

Religious facility
Office-Other
Educational/school
Park & open space

Property details

Parking

Parking Information
Covered Spaces: 3
Parking Features: RV Access/Parking, RV Gate

Garage Information
Garage Spaces: 3

Interior

Kitchen Information
Pantry: Yes

Bathroom Information
Bathrooms (Total Decimal): 3
Bathrooms (Total Integer): 3

Bedroom Information
Bedrooms (Possible): 6

Heating & Cooling
Has Heating
Cooling: Central Air, Ceiling Fan(s)
Has Cooling
Heating: Electric

Interior Features
Interior Features: High Speed Internet, Double Vanity, Upstairs, Eat-in Kitchen, Wet Bar, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub
Window Features: Skylight(s)
Green Energy Efficient: Multi-Zones
Fireplace Features: 1 Fireplace
Has Fireplace
Flooring: Carpet, Tile, Wood

Exterior

Pool Information
Private Pool
Pool Features: Diving Pool, Fenced

Exterior Features
Construction Materials: Stucco, Wood Frame, Painted
Fencing: Block
Roof: Tile

Property Information
Ownership: Fee Simple
Property Sub Type: Single Family Residence

Lot Information
Lot Size Area: 9,744
Lot Size Source: Assessor
Lot Features: Sprinklers In Rear, Sprinklers In Front, Desert Front, Cul-De-Sac

Building Information
Building Area Source: Assessor

Financial

Tax Information
Tax Annual Amount: $4,042
Tax Year: 2021

Financial Information
Conventional

Location

HOA Information
Has Association
Association Fee: $11
Association Fee Frequency: Monthly
Association Fee Includes: Maintenance Grounds

School Information
Middle Or Junior School: Kyrene Akimel A-Al Middle School
High School: Marcos De Niza High School
High School District: Tempe Union High School District
Elementary School: Kyrene de los Ninos School
Elementary School District: Kyrene Elementary District

Utility Information
Sewer: Public Sewer

Public facts

Beds: —
Baths: 4.0
Sq. Ft.: 2,590
Stories: 2.0
Lot Size: 9,744 square feet
Style: Single Family Residential
Year Built: 1988
Year Renovated: —
County: Maricopa County
APN: 30191498

Home facts updated by county records on Jul 7, 2026

Other

Listing Information
Water Source: City Water

Around this home

Schools

Kyrene de los Ninos School

Public PreK-5 • Assigned • 0.2mi

7/10

Kyrene Middle School

Public 4-8 • Assigned • 0.7mi

4/10

Marcos De Niza High School

Public 9-12 • Assigned • 0.9mi

5/10

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

7 days above 111° expected this year, 19 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 • 85283

Average low and high temperatures (°F)

106

108

103

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

Estimated sale price

$682,000 – $825,000

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Nearby similar homes

NEW 4 HRS AGO3D WALKTHROUGH

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New listings for sale in 85283

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OPEN SAT, 1PM TO 3PM

$465,000

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NEW 20 HRS AGO

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NEW 27 HRS AGO

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3D WALKTHROUGH

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FOR SALE BY OWNER

$545,000

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OPEN FRI, 12PM TO 4PM

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Home values near 7242 S Terrace Rd

Data from public records.

Address	Redfin Estimate
7253 S Terrace Road, Tempe, AZ 4 Beds \| 2 Baths \| 1984 Sq. Ft.	$633,967
7236 S Terrace Road, Tempe, AZ - Beds \| 3 Baths \| 2633 Sq. Ft.	$663,660

Address	Redfin Estimate
7248 S Terrace Road, Tempe, AZ 4 Beds \| 2 Baths \| 1984 Sq. Ft.	$614,893
7235 S Terrace Road, Tempe, AZ 4 Beds \| 2 Baths \| 2415 Sq. Ft.	$570,136

Address	Redfin Estimate
7247 S Terrace Road, Tempe, AZ - Beds \| 3 Baths \| 1984 Sq. Ft.	$568,970
7241 S Terrace Road, Tempe, AZ 5 Beds \| 3 Baths \| 2624 Sq. Ft.	$712,788

Property information provided by ARMLS when last listed in 2022. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 85283, AZ

Sale history for 7242 S Terrace Rd

Tax history for 7242 S Terrace Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 85283

Home values near 7242 S Terrace Rd

More real estate resources