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Off market
  • $236,400

    518 S Allred Dr, Tempe, AZ 85281

    2beds
    987sqft
    Apartment
    Built in ----
    -- sqft lot
    $236,400 Zestimate®
    $240/sqft
    $1,709 Estimated rent

    Home value

    $236,400

    $220,000 - $251,000

    $1,709/mo

    Zestimate® history
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    What's special

    Single story floor planCharming kitchenAssigned parkingCorner lotAmple closet spaceNicely sized bedroomsPlank-tile flooring

    Available Now! 987 SQ FT! 2 bedroom, 2 bath condo unit in Tempe's University Shadows. Desirable single story floor plan! Nicely updated unit with modern features throughout. Charming kitchen with included appliances! Open concept living/dining. Neutral interior with plank-tile flooring in all the right places! This unit offers 2 nicely sized bedrooms, each with ample closet space. Blinds! In unit washer/dryer. Corner lot + assigned parking! University Shadows offers community pool/spa and nearby transportation services. Fantastic Tempe location next to Tempe Town Lake, schools, entertainment, and with easy freeway access! Pet Policy: Dogs Allowed with the following exceptions: Up to 1 small dog will be considered (11-25 lbs) APPLICATION: $65 Application Fee Per Applicant 18 years or older (Nonrefundable). Please allow 24 to 72 business hours to process the Application once all required documents are submitted by all applicants. LEASE LENGTH: 12-month Minimum (Longer Lease Term may be negotiable) INITIAL MOVE-IN COSTS: Upon application approval, a nonrefundable Holding Retainer will be required to secure the property and will be applied towards the move-in costs. The Holding Retainer amount is determined by the type of Security Deposit option you choose. Applicants can choose between a traditional Security Deposit which may be 1.25 times the monthly rent but not greater than 1.5 times the monthly rent (75% refundable) or a Security Deposit Alternative program (only available on long-term leases of 12 months or more). A $250 one-time lease preparation fee as well as the first month's rent is due prior to move-in. If the Applicant has a Pet, $150 Non-Refundable Pet Fee per pet. RECURRING MONTHLY COSTS: There is a 3.3% Administration Fee. If the Applicant has a Pet, a $35 Pet Rent Per Pet (Does Not Apply to Assistive Animals). All On Q Property Management Residents are enrolled in the Resident Benefits Package for $39 or $49 with pets, which includes liability insurance, credit building to help boost the resident's credit score with timely rent payments, move-in concierge service making utility connection and home service setup a breeze during your move-in, Renter to Buyer program, and much more! *Other terms and conditions may apply. The list price is the base rent and recurring monthly costs may apply. All information including advertised rent and other charges are deemed reliable but not guaranteed and is subject to change. ATTENTION: This property has an approved applicant pending receipt of their holding deposit. We are actively accepting backup applications, as the property will remain available to qualified applicants until the holding deposit is secured. By submitting your information on this page you consent to being contacted by the Property Manager and RentEngine via SMS, phone, or email.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Zillow last checked:

    Listing updated:

    Source: Zillow Rentals

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Rooms
    • Room types: Pantry
    Appliances
    • Included: Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer
    • Laundry: In Unit
    Features
    • Flooring: Tile
    Interior area
    • Total interior livable area: 987 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: On Street
    • Details: Contact manager
    Features
    • Exterior features: Concierge
    Details
    • Parcel number: 13539266

    Construction

    Type & style
    • Home type: Apartment
    • Property subtype: Apartment

    Community & HOA

    Community
    • Features: Pool
    • Deposit fee: $1,686
    HOA
    • Amenities included: Pool
    Location
    • Region: Tempe

    Financial & listing details

    • Price per square foot: $240/sqft
    • Tax assessed value: $209,300
    • Annual tax amount: $876
    • Date on market: 10/2/2025
    • Date available: 10/03/2025
    • Lease term: 1 Year

    Price history

    DateEventPrice
    10/9/2025Listing removed$1,349$1/sqft
    Source: Zillow Rentals Report a problem
    10/2/2025Listed for rent$1,349-15.6%$1/sqft
    Source: Zillow Rentals Report a problem
    9/13/2024Listing removed$1,599-3.1%$2/sqft
    Source: Zillow Rentals Report a problem
    7/25/2024Price change$1,650-8.3%$2/sqft
    Source: Zillow Rentals Report a problem
    6/21/2024Listed for rent$1,799+9.1%$2/sqft
    Source: Zillow Rentals Report a problem
    6/24/2023Listing removed--
    Source: Zillow Rentals Report a problem
    6/1/2023Listed for rent$1,649+6.5%$2/sqft
    Source: Zillow Rentals Report a problem
    5/17/2022Listing removed--
    Source: Zillow Rental Network Premium Report a problem
    4/22/2022Listed for rent$1,549+16.5%$2/sqft
    Source: Zillow Rental Network Premium Report a problem
    10/21/2020Listing removed$1,330$1/sqft
    Source: On Q Property Management #6143087 Report a problem
    10/8/2020Listed for rent$1,330$1/sqft
    Source: On Q Property Management #6143087 Report a problem
    7/28/2015Sold$102,600-5%$104/sqft
    Source: ARMLS #5297129 Report a problem
    6/21/2015Listed for sale$108,000-28.2%$109/sqft
    Source: Berkshire Hathaway HomeServices Arizona Properties #5297129 Report a problem
    9/5/2005Sold$150,500+235.2%$152/sqft
    Source: ARMLS #2349466 Report a problem
    3/2/1995Sold$44,900$45/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$876 +7%$20,930 -4.6%
    2024$818 +1.2%$21,930 +229.5%
    2023$809 +3.8%$6,655 -50.4%
    2022$779 +2.4%$13,420 +9.3%
    2021$760 +1.9%$12,280 +2.3%
    2020$746 +2.5%$12,000 +16.2%
    2019$728 $10,330 +22.2%
    2018$728 +3.1%$8,450 +18.8%
    2017$706 +20%$7,110 +1.6%
    2016$588 +1.7%$7,000 +11.5%
    2015$578 $6,280 +42.7%
    2014-- $4,400 +12.8%
    2013-- $3,900 -12.4%
    2012-- $4,450 -21.2%
    2011-- $5,650 -42.6%
    2010-- $9,850 -20.6%
    2009-- $12,400 -7.8%
    2008-- $13,450 +43.1%
    2007-- $9,400 +28.8%
    2006-- $7,300
    2005-- $7,300 +14.1%
    2004-- $6,400
    2003-- $6,400 +23.1%
    2002-- $5,200
    Find assessor info on the county website

    Neighborhood: 85281

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $236,400
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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
    $236,400