Multiple offers received please see private remarks. Check out this 4-bedroom 2 bath home located on a oversized cul de sac lot in a great Tempe location. Back yard includes tennis court, covered patio, fruit trees and paver walkways. Enjoy the interior space with sunken front living room, family room with wood burning fireplace, front bedroom with door to outside. New hot water heater, no Hoa, conveniently located near ASU, parks, schools, restaurants, freeway access & more!
Sold for $480,000
$480,000
1948 E PEGASUS Drive, Tempe, AZ 85283
4beds
1,953sqft
Single Family Residence
Built in 1973
0.46 Acres Lot
$686,800 Zestimate®
$246/sqft
$2,865 Estimated rent
Home value
$686,800
$625,000 - $755,000
$2,865/mo
Zestimate® history
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List your homeWhat's special
Covered patioPaver walkwaysFruit trees
Zillow last checked:
Listing updated:
Listed by:
Benjamin Eberhard 480-204-0698,
HomeSmart Lifestyles
Bought with:
Joseph Lee Fraser, SA681960000
HomeSmart
Source: ARMLS,MLS#: 6958568
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Has Heating (Unspecified Type)
Cooling
- Central Air
Appliances
- Included: Electric Cooktop, Built-In Electric Oven
Features
- High Speed Internet, Double Vanity, Pantry, Full Bth Master Bdrm
- Flooring: Carpet, Tile
- Has basement: No
- Has fireplace: Yes
- Fireplace features: Family Room
Interior area
- Total structure area: 1,953
- Total interior livable area: 1,953 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage Door Opener
- Garage spaces: 2
- Uncovered spaces: 2
Features
- Stories: 1
- Patio & porch: Covered
- Exterior features: Sport Court(s), Tennis Court(s)
- Spa features: None
- Fencing: Block
Lot
- Size: 0.46 Acres
- Features: Desert Back, Desert Front, Cul-De-Sac, Synthetic Grass Back
Details
- Parcel number: 30101454
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Stucco, Painted, Block, Brick
- Roof: Composition
Condition
- Year built: 1973
Utilities & green energy
- Sewer: Public Sewer
- Water: City Water
Community & HOA
Community
- Features: Near Bus Stop
- Subdivision: CONTINENTAL EAST UNIT 6
HOA
- Has HOA: No
- Services included: No Fees
Location
- Region: Tempe
Financial & listing details
- Price per square foot: $246/sqft
- Tax assessed value: $469,700
- Annual tax amount: $3,042
- Date on market: 12/24/2025
- Cumulative days on market: 6 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 1/9/2026 | Sold | $480,000+5.5%$246/sqft |
Source:  ARMLS #6958568 Report a problem | ||
| 12/30/2025 | Pending sale | $455,000$233/sqft |
Source: ARMLS #6958568 Report a problem | ||
| 12/24/2025 | Listed for sale | $455,000$233/sqft |
Source: ARMLS #6958568 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,028 +7.7% | $46,970 -9.4% |
| 2024 | $2,812 +1.2% | $51,820 +95.8% |
| 2023 | $2,778 +4.2% | $26,467 -23.2% |
| 2022 | $2,666 +1.4% | $34,460 +8.5% |
| 2021 | $2,628 +2% | $31,760 +7.6% |
| 2020 | $2,577 +2.8% | $29,520 +6.8% |
| 2019 | $2,508 | $27,630 +8.3% |
| 2018 | $2,508 +3.2% | $25,520 +5.9% |
| 2017 | $2,430 +3.9% | $24,100 +2.3% |
| 2016 | $2,339 +1.9% | $23,550 +11.9% |
| 2015 | $2,296 | $21,050 +20.8% |
| 2014 | -- | $17,420 +12.3% |
| 2013 | -- | $15,510 -7.7% |
| 2012 | -- | $16,800 -11.1% |
| 2011 | -- | $18,900 -9.4% |
| 2010 | -- | $20,870 -23.4% |
| 2009 | -- | $27,260 -16.4% |
| 2008 | -- | $32,600 +12.4% |
| 2007 | -- | $29,000 +19.3% |
| 2006 | -- | $24,300 |
| 2005 | -- | $24,300 +22.1% |
| 2004 | -- | $19,900 |
| 2003 | -- | $19,900 +14.4% |
| 2002 | -- | $17,400 |
Find assessor info on the county website
Neighborhood: Optimist Park SW
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Nearby schools
GreatSchools rating
- 7/10Fuller Elementary SchoolGrades: K-5Distance: 0.6 mi
- 2/10Fees College Preparatory Middle SchoolGrades: 6-8Distance: 0.7 mi
- 5/10Marcos De Niza High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- Elementary: Fuller Elementary School
- Middle: Fees College Preparatory Middle School
- High: Marcos De Niza High School
- District: Tempe School District
Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$686,800
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$686,800
- Arizona
- Maricopa County
- Tempe
- 85283
- Optimist Park SW
- 1948 E PEGASUS Drive
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