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For salePrice increase: $181K (8/15)
$850,000
5beds
3baths
2,172sqft

111 E BONITA Way, Tempe, AZ 85281

5beds
3baths
2,172sqft
Multi family
Built in 1951
1 Garage space
$391 price/sqft

What's special

Detached garageFull kitchenFresh paintNew flooringPrivate entranceStacked laundryUpgraded primary bath

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.

17 days
|
876
|
22
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Source: ARMLS,MLS#: 7067136MLS Logo
Travel times

Living Room

Kitchen

Primary Bedroom

Zillow last checked:

Listing updated:

Listed by:

Brian J Cunningham 480-370-6160,

eXp Realty

Source: ARMLS,MLS#: 7067136MLS Logo

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: 17 days
  • Listing terms: Conventional,VA Loan
  • Ownership: Fee Simple
  • Electric utility on property: Yes
  • Road surface type: Asphalt

Price history

DateEventPrice
8/15/2026Price change$850,000+27.1%$391/sqft
Source: ARMLS #7067136 Report a problem
7/28/2026Price change$669,000-0.7%$308/sqft
Source: ARMLS #7017678 Report a problem
7/20/2026Price change$674,000-2.7%$310/sqft
Source: ARMLS #7017678 Report a problem
6/10/2026Price change$692,900-1%$319/sqft
Source: ARMLS #7017678 Report a problem
5/6/2026Price change$700,000-3.4%$322/sqft
Source: ARMLS #7017678 Report a problem
4/22/2026Listed for sale$725,000+37.6%$334/sqft
Source: ARMLS #7017678 Report a problem
2/5/2026Sold$527,000$243/sqft
Source: Public Record Report a problem

Public tax history

YearProperty taxesTax 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

Find assessor info on the county website

Monthly payment

Est. payment
$4,606/mo
Principal & interest
$4316
Property taxes
$290
More affordability toolsChevron Right

Estimated market value

Not available

Estimated sales range

Not available

$2,708/mo

Climate risks

Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.

Neighborhood: University Estates

Nearby schools

Broadmor Elementary School
Grades K-50.3 miles
9/10
GreatSchools® Rating
Test Score Rating
7/10
Student Progress Rating
10/10
Connolly Middle School
Grades 6-82.2 miles
3/10
GreatSchools® Rating
Test Score Rating
3/10
Student Progress Rating
3/10
Tempe High School
Grades 9-120.2 miles
5/10
GreatSchools® Rating
College Readiness Rating
3/10
Student Progress Rating
7/10