OFF MARKET

Off market may 2018 for $16M

—

Est. refi paymentEst. refi $48,520/mo

—

•

— ba

•

30,918

sq ft

950 S Terrace Rd, Tempe, AZ 85281

About this home

950 S Terrace Rd is a 30,918 square foot multi-family home on a 3.53 acre lot. - it last sold on May 25, 2018 for $16,300,000.

Multi-familyProperty Type

1968Year Built

3.53 acresLot Size

$527Price/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 September 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

95.6%

0.5% MoM

Median sale price

$427K

$23K MoM

Avg. days on market

55d

6 days MoM

Recently sold homes

4 MoM

New listings for sale

NEW 2 HRS AGO
$698,000
2 beds2 baths1,818 sq ft
140 E Rio Salado Pkwy #209, Tempe, AZ 85281
$315,000
1 bed1 bath667 sq ft
154 W 5th St #115, Tempe, AZ 85281
$385,000
4 beds2 baths1,248 sq ft
2021 E 10th St, Tempe, AZ 85281
$299,000
1 bed1 bath1,035 sq ft
420 W 1st St #319, Tempe, AZ 85281
$599,900
4 beds3 baths2,000 sq ft
554 W 19th St, Tempe, AZ 85281
$260,000
2 beds1.5 baths779 sq ft
616 S Hardy Dr #132, Tempe, AZ 85281
FOR SALE BY OWNER
$259,000
1 bed1 bath595 sq ft
700 W University Dr, Tempe, AZ 85281
$265,000
2 beds2 baths751 sq ft
1065 W 1st St #106, Tempe, AZ 85281
$510,000
2 beds2.5 baths1,757 sq ft
606 S Wilson St, Tempe, AZ 85281
$542,500
3 beds2.5 baths1,833 sq ft
901 S Smith Rd #1001, Tempe, AZ 85281
See all

Provided by Redfin

Sale history for 950 S Terrace Rd

Year

Property tax

Land + Additions

Assessment*

2025

$90,210 (+7.0%)

2024

$84,308 (+1.2%)

2023

$83,292 (+4.3%)

2022

$79,896 (−0.7%)

$358,540 + $1,434,160

$1,792,700

2021

$80,448 (+3.1%)

$461,470 + $1,845,900

$2,307,370

2020

$78,006 (+1.9%)

$345,460 + $1,381,840

$1,727,300

2019

$76,526 (+2.5%)

$232,200 + $928,800

$1,161,000

2018

$74,626 (+3.1%)

$232,200 + $928,800

$1,161,000

2017

$72,405 (+0.7%)

$145,800 + $583,200

$729,000

2016

$71,894 (+4.1%)

$159,030 + $636,150

$795,180

2015

$69,052 (−7.6%)

$141,980 + $567,930

$709,910

2014

$74,761 (+25.7%)

$117,430 + $469,730

$587,160

2013

$59,478 (+6.9%)

$78,200 + $312,810

$391,010

2012

$55,623 (−1.4%)

$80,760 + $323,050

$403,810

2011

$56,400 (−15.1%)

$96,000 + $384,000

$480,000

2010

$66,426 (+12.0%)

$150,000 + $600,000

$750,000

2009

$59,309

$151,980 + $607,920

$759,900

Tax history for 950 S Terrace Rd

Year

Property tax

Land + Additions

Assessment*

2025

$90,210 (+7.0%)

2024

$84,308 (+1.2%)

2023

$83,292 (+4.3%)

2022

$79,896 (−0.7%)

$358,540 + $1,434,160

$1,792,700

2021

$80,448 (+3.1%)

$461,470 + $1,845,900

$2,307,370

2020

$78,006 (+1.9%)

$345,460 + $1,381,840

$1,727,300

2019

$76,526 (+2.5%)

$232,200 + $928,800

$1,161,000

2018

$74,626 (+3.1%)

$232,200 + $928,800

$1,161,000

2017

$72,405 (+0.7%)

$145,800 + $583,200

$729,000

2016

$71,894 (+4.1%)

$159,030 + $636,150

$795,180

2015

$69,052 (−7.6%)

$141,980 + $567,930

$709,910

2014

$74,761 (+25.7%)

$117,430 + $469,730

$587,160

2013

$59,478 (+6.9%)

$78,200 + $312,810

$391,010

2012

$55,623 (−1.4%)

$80,760 + $323,050

$403,810

2011

$56,400 (−15.1%)

$96,000 + $384,000

$480,000

2010

$66,426 (+12.0%)

$150,000 + $600,000

$750,000

2009

$59,309

$151,980 + $607,920

$759,900

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

Zoning

R-4

Multi-Family Residential General 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
Educational / school
Park & open space

Property details

Interior

Heating & Cooling
Air Conditioning Type: Central
Heating Type: Central

Exterior

Exterior Information
Construction Type: Concrete
Building Construction Quality: Average
Exterior Wall: Concrete Block
Building Type: Multi Family Low Rise
Building Improvement Type: Multi Family Low Rise

Property Information
Ground Floor Sq. Ft: 10,358
Building Sq. Ft: 30,918
# of Stories: 3
Legal Description: TH PT NW4 SEC 23 DAF COM AT W4 TH N 1982.24F TO INT OF WL OF SD SEC & PROL OF TERRACE RD MON LN TH S 43D 23M E 1082.18F ALG CEN MON LN TERRACE RD TH N 31D 22M E 34.20F TO POB TH CONT N 31D 22M E 200.2 4F TH N 27D 30M E 86.86F TH N 10D 25M W 47.40F TH N 04D 46M E 95.42F TH N 02D 20M E 179.99F TO PT ON SLY ROW LN MCKINNEY KIRKLAND DITCH TH S 77D 37M E 17.02F TH S 83D 09M E 200F TH S 72D 20M E 111F TH S 77D 37M E 108F TH S 22D 47M W 182.88F TH S 53D 26M W 115.15F TH S 66D 40M W 140.30 TH S 42D 41M W 241.31F TH S 7D 41M W 127.04F TH N 43D 23M W ALG NLY R/W LN OF TERRACE RD 153.41F TO POB P/F 05-088

Lot Information
# of Buildings: 8
Land Sq. Ft: 153,728
Municipality Name: TEMPE
Acres: 3.5291
Zoning Code: R-4
State Use Description: APTS 100+ UNITS-MULT RES-3+ST

Financial

Assessor Information
Assessment Year: 2025
Tax Area: 031600

Public facts

Beds: —
Baths: —
Sq. Ft.: 30,918
Stories: 3.0
Lot Size: 3.53 acres
Style: Multi-Family (5+ Unit)
Year Built: 1968
Year Renovated: 1985
County: Maricopa County
APN: 13273050C

Home facts updated by county records on Sep 25, 2026

Around this home

Schools

Cecil Shamley School

Public PreK-8 • Assigned • 1.9mi

4/10

McClintock High School

Public 9-12 • Assigned • 1.7mi

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

7 days above 111° expected this year, 18 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

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

NEW 2 HRS AGO

$698,000

2 beds2 baths1,818 sq ft

140 E Rio Salado Pkwy #209, Tempe, AZ 85281

$315,000

1 bed1 bath667 sq ft

154 W 5th St #115, Tempe, AZ 85281

$385,000

4 beds2 baths1,248 sq ft

2021 E 10th St, Tempe, AZ 85281

$299,000

1 bed1 bath1,035 sq ft

420 W 1st St #319, Tempe, AZ 85281

$599,900

4 beds3 baths2,000 sq ft

554 W 19th St, Tempe, AZ 85281

$260,000

2 beds1.5 baths779 sq ft

616 S Hardy Dr #132, Tempe, AZ 85281

FOR SALE BY OWNER

$259,000

1 bed1 bath595 sq ft

700 W University Dr, Tempe, AZ 85281

$265,000

2 beds2 baths751 sq ft

1065 W 1st St #106, Tempe, AZ 85281

$510,000

2 beds2.5 baths1,757 sq ft

606 S Wilson St, Tempe, AZ 85281

Home values near 950 S Terrace Rd

Data from public records.

Address	Redfin Estimate
1005 E 8th Street Unit 3004, Tempe, AZ 2 Beds \| 1 Baths \| 730 Sq. Ft.	$281,935
1005 E 8th Street Unit 3002, Tempe, AZ - Beds \| 1 Baths \| 755 Sq. Ft.	$253,845

Address	Redfin Estimate
1005 E 8th Street Unit 3001, Tempe, AZ 2 Beds \| 1 Baths \| 755 Sq. Ft.	$269,799
1005 E 8th Street Unit 1001, Tempe, AZ - Beds \| 2 Baths \| 1209 Sq. Ft.	$389,833

Address	Redfin Estimate
1005 E 8th Street Unit 3003, Tempe, AZ 2 Beds \| 1 Baths \| 755 Sq. Ft.	$256,580
1005 E 8th Street Unit 2001, Tempe, AZ 3 Beds \| 2 Baths \| 1209 Sq. Ft.	$379,591

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 950 S Terrace Rd

Tax history for 950 S Terrace Rd

Zoning

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 950 S Terrace Rd

More real estate resources