Value-add opportunity in a prime Tempe location. Centrally situated near schools, shopping, dining, and major commuter routes, this townhouse offers strong upside potential. Cosmetic remodel, rental, first time home buyer, and more!
The home features a functional and spacious layout with a large living room, dedicated dining area, galley kitchen, oversized laundry room, and generously sized bedrooms. The solid floor plan provides an excellent canvas for cosmetic updates and modernization.
Single-owner property with room for improvement, making it ideal for an investor seeking to renovate and build equity. The private patio with outdoor fireplace adds a unique outdoor living feature, while the well-maintained community offers expansive grassy areas and a pool- amenities that enhance long-term rental and resale appeal.
An excellent opportunity to add value in a central Tempe community with enduring demand.
Sold for $325,000
$325,000
406 E COLGATE Drive, Tempe, AZ 85283
3beds
1,439sqft
Townhouse
Built in 1978
3,498 Square Feet Lot
$324,900 Zestimate®
$226/sqft
$2,342 Estimated rent
Home value
$324,900
$299,000 - $354,000
$2,342/mo
Zestimate® history
Owner options
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$2,342/mo
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$2,342/mo
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$2,036/mo
Est. payment
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$2,036/mo
Est. payment
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List your homeWhat's special
Galley kitchenDedicated dining areaExpansive grassy areasOversized laundry roomGenerously sized bedroomsFunctional and spacious layout
Zillow last checked:
Listing updated:
Listed by:
Michelle Perry 602-292-4244,
Coldwell Banker Realty
Bought with:
Linda Byrd, SA635043000
eXp Realty
Source: ARMLS,MLS#: 6992909
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: Dryer, Washer, Refrigerator, Built-in Microwave, Dishwasher, Electric Range
Features
- Eat-in Kitchen, 3/4 Bath Master Bdrm
- Flooring: Carpet, Laminate, Tile
- Has basement: No
- Has fireplace: No
- Common walls with other units/homes: Two Common Walls
Interior area
- Total structure area: 1,439
- Total interior livable area: 1,439 sqft
Property
Parking
- Total spaces: 4
- Parking features: RV Access/Parking, RV Gate
- Carport spaces: 2
- Uncovered spaces: 2
Features
- Stories: 1
- Patio & porch: Covered, Patio
- Spa features: None
- Fencing: Block
Lot
- Size: 3,498 sqft
- Features: Grass Front
Details
- Parcel number: 30180500
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse
- Attached to another structure: Yes
Materials
- Stucco, Wood Siding, Wood Frame, Painted
- Roof: Foam
Condition
- Year built: 1978
Utilities & green energy
- Sewer: Public Sewer
- Water: City Water
Community & neighborhood
Community
- Community features: Pool
Location
- Region: Tempe
- Subdivision: UNIVERSITY ROYAL GARDEN HOMES
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $179 monthly
- Services included: Maintenance Grounds, Street Maint, Front Yard Maint, Maintenance Exterior
- Association name: University Royal Gar
- Association phone: 480-759-4945
Other
Other facts
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 4/17/2026 | Sold | $325,000$226/sqft |
Source:  ARMLS #6992909 Report a problem | ||
| 3/21/2026 | Price change | $325,000-7.4%$226/sqft |
Source: ARMLS #6992909 Report a problem | ||
| 3/4/2026 | Listed for sale | $351,000$244/sqft |
Source: ARMLS #6992909 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,490 +7% | $30,880 -3% |
| 2024 | $1,393 +1.2% | $31,820 +181% |
| 2023 | $1,376 +3.8% | $11,325 -43.8% |
| 2022 | $1,325 +2.4% | $20,150 +7.1% |
| 2021 | $1,294 +1.9% | $18,810 +7% |
| 2020 | $1,270 +2.5% | $17,580 +8.7% |
| 2019 | $1,238 | $16,180 +8% |
| 2018 | $1,238 +3.1% | $14,980 +7.7% |
| 2017 | $1,201 +20% | $13,910 +8.5% |
| 2016 | $1,001 +2.8% | $12,820 +18% |
| 2015 | $974 | $10,860 +48.8% |
| 2014 | -- | $7,300 |
| 2013 | -- | $7,300 -56% |
| 2009 | -- | $16,600 -6.7% |
| 2008 | -- | $17,800 +21.5% |
| 2007 | -- | $14,650 +43.6% |
| 2006 | -- | $10,200 |
| 2005 | -- | $10,200 +9.1% |
| 2004 | -- | $9,350 |
| 2003 | -- | $9,350 +19.9% |
| 2002 | -- | $7,800 |
Find assessor info on the county website
Neighborhood: Kiwanis Park
Nearby schools
GreatSchools rating
- 8/10Aguilar Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 2/10Fees College Preparatory Middle SchoolGrades: 6-8Distance: 1.1 mi
- 5/10Marcos De Niza High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Aguilar School
- Middle: Connolly 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
$324,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$324,900
- Arizona
- Maricopa County
- Tempe
- 85283
- Kiwanis Park
- 406 E COLGATE Drive
Nearby cities
Nearby neighborhoods
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