NOT LISTED FOR SALE

1948 E Pegasus Dr Tempe, AZ 85283

The Lakes Neighborhood

Estimated Value: $464,261 - $493,000

4 Beds
2 Baths
1,953 Sq Ft
$245/Sq Ft Est. Value

Sale Details

Date Sold: January 9, 2026

Last sale price $480,000 $246 Per Sq Ft

Current estimated payment $2,843 / mo

5 Days on Market

Highlights

  • Tennis Courts
  • No HOA
  • Covered Patio or Porch
  • 0.46 Acre Lot
  • Sport Court
  • Cul-De-Sac

About This Home

As of January 2026

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!

Last Agent to Sell the Property

Benjamin Eberhard

HomeSmart Lifestyles License #BR579216000 Listed on: 12/24/2025

HomeSmart Lifestyles

Last Buyer's Agent

Joseph Fraser

HomeSmart License #SA681960000

HomeSmart

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,042

Year Built

  • Built in 1973

Lot Details

  • 19,990 Sq Ft Lot
  • Cul-De-Sac
  • Desert faces the front and back of the property
  • Artificial Turf

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,953 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace

Kitchen

  • Built-In Electric Oven
  • Electric Cooktop
  • Built-In Microwave

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom

Outdoor Features

  • Tennis Courts
  • Covered Patio or Porch

Schools

  • Fuller Elementary School
  • FEES College Preparatory Middle School
  • Marcos De Niza High School

Utilities

  • Central Air
  • Heating Available
  • Plumbing System Updated in 2025
  • High Speed Internet
  • Cable TV Available

Additional Features

  • North or South Exposure
  • Property is near bus stop

Listing and Financial Details

  • Tax Lot 1255
  • Assessor Parcel Number 301-01-454

Community Details

Overview

  • No Home Owners Association
  • Association fees include no fees
  • Continental East Unit 6 Subdivision

Recreation

  • Sport Court

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,042

Year Built

Built in 1973

Lot Details

0.46 Acres

Parking

2

Listing Details

  • Cross Street: McClintock & Guadalupe
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Community Facilities District: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Basement: N
  • Cooling HVAC SEER Rating: 145
  • Updated Heating or Cooling Units: Partial
  • Items Updated Ht Cool Yr Updated: 2016
  • Updated Plumbing: Partial
  • Items Updated Plmbg Yr Updated: 2025
  • Updated Roof: Full
  • Items Updated Roof Yr Updated: 2009
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1973
  • Tax Year: 2025
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.46
  • Subdivision Name: CONTINENTAL EAST UNIT 6
  • Architectural Style: Ranch
  • Property Attached Yn: No
  • General Property Description:PriceSqFt: 245.77
  • Technology:Cable TV Avail: Yes
  • Construction Brick: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Fireplace Features Fireplace Family Rm: Yes
  • Kitchen Features:Electric Cooktop: Yes
  • Kitchen Features:Built-In Electric Oven2: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Possible Use: None
  • Spa Features: None
  • Appliances: Electric Cooktop, Built-In Electric Oven
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Family Room
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Double Vanity, Pantry, Full Bth Master Bdrm
  • Living Area: 1953.0
  • Stories: 1
  • Kitchen Features:Built-in Microwave: Yes
  • Master Bathroom:Double Sinks: Yes
  • Kitchen Features Pantry: Yes
  • Kitchen Features:Non-laminate Counter: Yes
  • Other Rooms:Family Room: Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Community Features:Near Bus Stop: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Sport Court(s), Tennis Court(s)
  • Lot Features: North/South Exposure, Desert Back, Desert Front, Cul-De-Sac, Synthetic Grass Back
  • Pool Private: No
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Stucco, Painted, Block, Brick
  • Patio And Porch Features: Covered Patio(s)
  • Roof: Composition
  • Construction:Block: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Sport Court(s): Yes
  • Exterior Features:Tennis Court(s): Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Garage Door Opener
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Open Parking Spaces: 2.0
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Near Bus Stop
  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fee Incl:No Fees: Yes

Fee Information

  • Association Fee Includes: No Fees

Schools

  • Elementary School: Fuller Elementary School
  • High School: Marcos De Niza High School
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Fees College Preparatory Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 19990.0
  • Parcel #: 301-01-454

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 3042.0
  • Tax Book Number: 301.00
  • Tax Lot: 1255
  • Tax Map Number: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 24, 2025
Closed on
Jan 8, 2026
Sold by
Christ Nancy Jane and Mcdonald Revocable Living Trust
Bought by
J And J Home Recovery Services Llc
Seller's Agent
Benjamin Eberhard
HomeSmart Lifestyles
Buyer's Agent
Joseph Fraser
HomeSmart
List Price
$455,000
Sold Price
$480,000
Premium/Discount to List
$25,000
5.49%
Views
70
Current Estimated Value
$478,565

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,435
Avg. Annual Appreciation
-0.81%
Original Mortgage
$569,500
Outstanding Balance
$568,958
Interest Rate
6.23%
Mortgage Type
New Conventional
Estimated Equity
-$90,393

Purchase Details

Closed on
Sep 23, 1996
Sold by
Mcdonald Lowell V and Mcdonald Elberta M
Bought by
Mcdonald Revocable Living Trust
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
J And J Home Recovery Services Llc $480,000 Fidelity National Title Agency
Mcdonald Revocable Living Trust -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open J And J Home Recovery Services Llc $569,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/09/2026 01/09/26 Sold $480,000 +5.5% $246 / Sq Ft
01/02/2026 01/02/26 Off Market $455,000 -- --
12/30/2025 12/30/25 Pending -- -- --
12/24/2025 12/24/25 For Sale $455,000 -- $233 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,042 $29,180 -- --
2024 $2,791 $27,791 -- --
2023 $2,791 $46,470 $9,290 $37,180
2022 $2,666 $34,460 $6,890 $27,570
2021 $2,718 $31,760 $6,350 $25,410
2020 $2,628 $29,520 $5,900 $23,620
2019 $2,577 $27,630 $5,520 $22,110
2018 $2,508 $25,520 $5,100 $20,420
2017 $2,430 $24,100 $4,820 $19,280
2016 $2,418 $23,550 $4,710 $18,840
2015 $2,339 $21,050 $4,210 $16,840
Source: Public Records

Agents Affiliated with this Home

  • Benjamin Eberhard

    Seller's Agent in 2026

    Benjamin Eberhard

    HomeSmart Lifestyles

    (480) 204-0698

    1 in this area

    50 Total Sales

    Benjamin Eberhard
    Section Image

  • J

    Buyer's Agent in 2026

    Joseph Fraser

    HomeSmart

    (602) 230-7600

    7 in this area

    52 Total Sales

    Joseph Fraser
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6958568

Arizona Regional Multiple Listing Service (ARMLS)

APN: 301-01-454

Arizona Maricopa County Tempe 85283 The Lakes

1948 E Pegasus Dr, Tempe, AZ

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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