1427 S TERRACE Road, Tempe, AZ 85281 (MLS# 6848532)

1427 S TERRACE Road, Tempe, AZ 85281

$585,000

Property Type: Residential Bedrooms: 3 Baths: 3.5 Square Footage: 1,685 Lot Size (sq. ft.): 3,153 Status: Active

Current Price: $585,000 Last Modified: 5/05/2025

Description

This spacious and beautiful 3-bedroom home in Tempe is an exceptional investment opportunity. Located just a 1/4 mile from ASU and close to the light rail. Currently leased at $2,795/month through July 31, 2025, it offers immediate rental income and long-term potential. Inside, you'll find tile flooring throughout the main areas and plush carpeting in all bedrooms! Each generously sized bedroom includes a private en-suite bathroom and a walk-in closet! The modern kitchen features sleek cabinetry, matching appliances, granite countertops, and pantry for extra storage. Step outside to a covered patio and a low-maintenance backyard—ideal for relaxing or entertaining. The home also sides to a community greenbelt, offering added privacy and a peaceful setting.

More Information MLS# 6848532

Contract Information

Status Change Date: 2025-04-09 List Price: $585,000 Status: Active Current Price: $585,000 List Date: 2025-04-09 Type: Exclusive Right To Sell Ownership: Fee Simple Co-Ownership (Fractional) Agreement YN: No

Location Tax Legal

House Number: 1427 Compass: S Street Name: TERRACE St Suffix: Road City/Town Code: Tempe State/Province: AZ Zip Code: 85281 Zip4: 5815 Country: US County Code: Maricopa Assessor Number: 133-09-811 Subdivision: NEWBERRY TERRACE 2 Tax Year: 2024

General Property Description

Dwelling Type: Single Family Residence Dwelling Styles: Detached Exterior Stories: 2 # of Interior Levels: 2 # Bedrooms: 3 # Bathrooms: 3.5 Approx SQFT: 1685 Price/SqFt: 347.18 Horses: N Builder Name: Unknown Year Built: 2012 Approx Lot SqFt: 3153 Approx Lot Acres: 0.072 Flood Zone: No Pool: None Elementary School District: Tempe School District High School District: Tempe Union High School District Elementary School: Curry Elementary School Jr. High School: Connolly Middle School High School: McClintock High School

Remarks Misc

Cross Street: APACHE AND RURAL Directions: N On Rural, Four Blocks To Spence. East On Spence 5 Blocks To Stop Sign,- South/Right into complex. On Terrace. Located On East Side Of The Street Geo Lat: 33.412051 Geo Lon: -111.92075

Legal Info

Township: 1N Range: 4E Section: 23 Lot Number: 1

Basement

Basement Y/N: N

Parking Spaces

Garage Spaces: 1 Slab Parking Spaces: 1 Total Covered Spaces: 1

Showing Notification Methods

Showing Service: Aligned Showings

Property Features

Special Listing Cond: N/A Architecture: Other Master Bathroom: Full Bth Master Bdrm Master Bedroom: Upstairs Additional Bedroom: Master Bedroom Walk-in Closet; Other Bedroom Walk-in Closet Fireplace Features: No Fireplace Flooring: Carpet; Tile Windows: Dual Pane Pool Features: No Pool Spa: None Dining Area: Dining in LR/GR; Dining in FR; Other (See Remarks) Kitchen Features: Range/Oven Elec; Disposal; Dishwasher; Built-in Microwave; Refrigerator; Granite Countertops Laundry: Washer Included; Dryer Included; Inside Other Rooms: Great Room Features: 9+ Flat Ceilings Technology: 3+ Exist Tele Lines; High Speed Internet Available Exterior Features: Covered Patio(s); Patio Parking Features: Direct Access; Garage Door Opener Construction: Wood Frame Const - Finish: Stucco Roofing: Tile Cooling: Central Air; Ceiling Fan(s) Heating: Natural Gas Utilities: APS; SW Gas Water Source: City Water Sewer: Sewer - Public Services: City Services Fencing: Block Property Description: East/West Exposure Landscaping: Desert Front; Desert Back Showing Notification Methods: Text Lockbox Type: Supra (ARMLS) Possession: Subject To Tenant Rights Unit Style: Two Levels Association Fee Incl: Front Yard Maint; Common Area Maint Existing 1st Loan: Conventional New Financing: Cash; VA; FHA; Conventional Disclosures: Seller Discl Avail; Agency Discl Req

Listing Office: Urban and Company

Last Updated: May - 05 - 2025