Interesting project?? Large lot with 1808 sq. foot home and detached 2 car garage. Lots of space. 3 bedroom 2 bath with large rooms and huge family room. Value may be in the land. Owner says zoning allows for 8 units (4 on ground 4 above). Buyer to verify. Bring all offers.
Single-familyProperty Type
1956Year Built
0.59 acresLot Size
$295Est. Price/Sq.Ft.
2 garage spacesParking
Listed by Frank Bennett Jr• Frank Bennett Realty
Bought with Luin L. Ross• Ross Realty
Source:ARMLS #2114335
Redfin Estimate
$534,044
$334K since sold in February 2005$31K since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 3.7% higher than the average sale price ($515K) of 5 comparable homes.
ATTENTION BUILDER DEVELOPERS- Great Opportunity. Property is in the Apache Blvd. Redevelopement Area. City of Tempe has a policy relating to fee reduction when building in this area. Zoning is for approximatly 20 Units per Acre.
ARMLS #2114335
Apr 16, 2004
Sold
$163,000
$90/sq ft
Mar 23, 2004
Listing Removed
—
Mar 1, 2004
Listed
$175,000
$97/sq ft
Interesting project?? Large lot with 1808 sq. foot home and detached 2 car garage. Lots of space. 3 bedroom 2 bath with large rooms and huge family room. Value may be in the land. Owner says zoning allows for 8 units (4 on ground 4 above). Buyer to verify. Bring all offers.
ARMLS #2029690
Feb 28, 2004
Listing Removed
—
Aug 15, 2003
Listed
$175,000
$97/sq ft
ARMLS #2030240
Oct 10, 2003
Listing Removed
—
Aug 15, 2003
Listed
$175,000
$97/sq ft
ARMLS #1542601
Apr 28, 2001
Listing Removed
—
Aug 28, 2000
Listed
$150,000
$83/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,595 (+7.0%)
2024
$2,426 (+1.2%)
2023
$2,397 (+4.3%)
2022
$2,299 (−0.7%)
$6,630 + $26,520
$33,150
2021
$2,315 (+3.1%)
$6,160 + $24,640
$30,800
2020
$2,244 (+4.5%)
$5,700 + $22,810
$28,510
2018
$2,147 (+3.1%)
$5,390 + $21,570
$26,960
2017
$2,083 (+0.7%)
$4,510 + $18,070
$22,580
2016
$2,068 (+4.1%)
$4,350 + $17,420
$21,770
2015
$1,987 (−2.2%)
$3,780 + $15,120
$18,900
2014
$2,032 (+16.1%)
$2,940 + $11,770
$14,710
2013
$1,751 (−6.3%)
$2,300 + $9,210
$11,510
2012
$1,868 (−7.7%)
$2,710 + $10,850
$13,560
2011
$2,023 (+4.7%)
$3,440 + $13,780
$17,220
2010
$1,933 (+2.5%)
$3,810 + $15,250
$19,060
2009
$1,885
$4,620 + $18,500
$23,120
Tax history for 940 S Smith Rd
Year
Property tax
Land + Additions
Assessment*
2025
$2,595 (+7.0%)
2024
$2,426 (+1.2%)
2023
$2,397 (+4.3%)
2022
$2,299 (−0.7%)
$6,630 + $26,520
$33,150
2021
$2,315 (+3.1%)
$6,160 + $24,640
$30,800
2020
$2,244 (+4.5%)
$5,700 + $22,810
$28,510
2018
$2,147 (+3.1%)
$5,390 + $21,570
$26,960
2017
$2,083 (+0.7%)
$4,510 + $18,070
$22,580
2016
$2,068 (+4.1%)
$4,350 + $17,420
$21,770
2015
$1,987 (−2.2%)
$3,780 + $15,120
$18,900
2014
$2,032 (+16.1%)
$2,940 + $11,770
$14,710
2013
$1,751 (−6.3%)
$2,300 + $9,210
$11,510
2012
$1,868 (−7.7%)
$2,710 + $10,850
$13,560
2011
$2,023 (+4.7%)
$3,440 + $13,780
$17,220
2010
$1,933 (+2.5%)
$3,810 + $15,250
$19,060
2009
$1,885
$4,620 + $18,500
$23,120
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
R-3
Multi-Family Residential Limited 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
Housing-Single unit
Housing-Multiple units
Housing-Student
Office-Other
Educational/school
Park & open space
Property details
Interior
Bathroom Information
# of Bathroom Fixtures: 6
Heating & Cooling
Air Conditioning Type: Refrigeration
Heating Type: Wall Furnace
Room Information
# of Rooms: 5
Exterior
Exterior Information
Physical Condition: Average
Building Construction Quality: Average
Exterior Wall: Frame/Stucco
Building Type: Residential
Property Information
Subdivision Name: O C WATSON TR
Living Sq. Ft: 1,808
Building Sq. Ft: 1,808
# of Stories: 1
Legal Description: PT O C WATSON TR BEG ON E LI NW4 IN CEN HAYDEN CAN TH S 430' M/L TO SE COR SD TR & TRUE POB TH W 204' N 258.71' SELY 204.70' TH S 236.14' TO TR POB EX BEG INTERSEC OF S LN 10TH ST & E LN NE4 NW4 TH N 84D 40' W 204.64' TO E LN 20' ALLEY S 105' S 84D 4 0' E 204.70' TO E LN NE4 NW4 TH N 105F TO POB EX E 25F RD
Parking & Garage Information
# of Parking Spaces: 2
Parking Type: Carport
Garage / Carport Type: Carport
Lot Information
# of Buildings: 1
Land Sq. Ft: 25,700
Municipality Name: TEMPE
Acres: 0.59
Zoning Code: R-3
State Use Description: SINGLE FAM RES-URBAN SUBD
Financial
Assessor Information
Assessment Year: 2025
Tax Area: 031600
Public facts
Beds: —
Baths: 2.0
Sq. Ft.: 1,808
Stories: 1.0
Lot Size: 0.59 acres
Style: Single Family Residential
Year Built: 1956
Year Renovated: —
County: Maricopa County
APN: 13264010B
Home facts updated by county records on Jul 8, 2026
Around this home
Schools
Thew Elementary School
Public PreK-5 • Assigned • 0.3mi
4/10
Connolly Middle School
Public 6-8 • Assigned • 1.0mi
3/10
McClintock High School
Public 9-12 • Assigned • 1.5mi
8/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
5/10 Flood Factor
Estimated 22-32% 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 • 85281
Average low and high temperatures (°F)
69
47
78
55
84
61
86
64
94
72
105
82
106
85
107
86
102
81
92
69
76
55
74
51
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
$508,000 – $615,000
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