111 E BONITA Way, Tempe, AZ 85281
What's special
Premier ASU Investment Opportunity -- renovated main house + detached ADU in process! Rare 11,000+ sqft lot minutes from Arizona State University. Ideal as a high-demand student rental, owner-occupied investment, or long-term hold. Move-in-ready 4BD/2BA main house w/ fresh paint & new flooring. New detached 1BD/1BA guest house--private entrance, full kitchen, stacked laundry--currently in process. Upgraded primary bath also underway. Projected combined rents $4,850-$5,450/mo; plans, timeline & rent analysis available on request. No HOA, detached garage + 6 spaces. Renderings depict completed construction. Cash & renovation-friendly financing welcome.
- 62 days
- 156
- 2
Travel times
Living Room
Kitchen
Primary Bedroom
Zillow last checked:
Listing updated:
Brian J Cunningham 480-370-6160,
eXp Realty
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: Disposal, Refrigerator, Built-In Electric Oven
Features
- Flooring: Carpet, Vinyl
Interior area
- Total structure area: 2,172
- Total interior livable area: 2,172 sqft
Property
Parking
- Total spaces: 1.5
- Parking features: Detached Garage
- Has garage: Yes
- Covered spaces: 1.5
Details
- Parcel number: 13316104
- Zoning: Residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Painted, Slump Block
- Roof: Composition
Condition
- Year built: 1951
Utilities & green energy
- Electric: SRP
- Sewer: Public Sewer
- Water: City Franchise
Community & HOA
Community
- Features: No Pool
- Subdivision: UNIVERSITY ESTATES
Location
- Region: Tempe
Financial & listing details
- Price per square foot: $391/sqft
- Tax assessed value: $233,500
- Annual tax amount: $1,683
- Date on market: 8/14/2026
- Cumulative days on market: 63 days
- Listing terms: VA Loan,Cash,Conventional
- Ownership: Fee Simple
- Electric utility on property: Yes
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 9/9/2026 | Contingent | $850,000$391/sqft |
Source:  ARMLS #7067136 Report a problem | ||
| 8/15/2026 | Price change | $850,000+27.1%$391/sqft |
Source: ARMLS #7067136 Report a problem | ||
| 7/28/2026 | Price change | $669,000-0.7%$308/sqft |
Source: ARMLS #7017678 Report a problem | ||
| 7/20/2026 | Price change | $674,000-2.7%$310/sqft |
Source: ARMLS #7017678 Report a problem | ||
| 6/10/2026 | Price change | $692,900-1%$319/sqft |
Source: ARMLS #7017678 Report a problem | ||
| 5/6/2026 | Price change | $700,000-3.4%$322/sqft |
Source: ARMLS #7017678 Report a problem | ||
| 4/22/2026 | Listed for sale | $725,000+37.6%$334/sqft |
Source: ARMLS #7017678 Report a problem | ||
| 2/5/2026 | Sold | $527,000$243/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,675 +2.5% | $23,350 |
| 2024 | $1,634 -3.6% | $23,350 +44.6% |
| 2023 | $1,695 -0.8% | $16,147 -30.8% |
| 2022 | $1,708 -8% | $23,350 |
| 2021 | $1,856 +3.1% | $23,350 |
| 2020 | $1,800 +12.5% | $23,350 |
| 2019 | $1,601 | $23,350 |
| 2018 | $1,601 +7.7% | $23,350 |
| 2017 | $1,486 -29.5% | $23,350 |
| 2016 | $2,108 +113.7% | $23,350 +123.4% |
| 2015 | $987 | $10,450 |
| 2014 | -- | $10,450 |
| 2013 | -- | $10,450 |
| 2012 | -- | $10,450 |
| 2011 | -- | $10,450 |
| 2010 | -- | $10,450 |
| 2009 | -- | $10,450 |
| 2008 | -- | $10,450 |
| 2007 | -- | $10,450 |
| 2006 | -- | $10,450 |
| 2005 | -- | $10,450 |
| 2004 | -- | $10,450 -38.5% |
| 2003 | -- | $17,000 +62.7% |
| 2002 | -- | $10,450 |
Monthly payment
Estimated market value
Not available
Estimated sales range
Not available
$2,366/mo
Climate risks
Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.