RENTED FEB 1, 2026

2040 E Minton Dr Unit 5 Tempe, AZ 85282

The Lakes Neighborhood

Estimated Value: $491,843 - $574,000

3 Beds
2 Baths
1,488 Sq Ft
$356/Sq Ft Est. Value

Last Sold April 29, 2021

Last sale price $448,000 $301 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $2,922/month

Highlights

  • Indoor Pool
  • No HOA
  • Eat-In Kitchen
  • 0.18 Acre Lot
  • Covered Patio or Porch
  • Cooling Available

About This Home

As of February 2026

Wonderful Continental East home in Tempe!! Highly desirable neighborhood in Tempe close to 101 and 60 highways, local schools/shopping, hospital and of course ASU. Home is in the highly sought after Fuller Elementary. Extremely well maintained by owners. Enjoy 2 open living areas, 3 spacious bedrooms all with ceiling fans, 2 well maintained bathrooms, a lovely kitchen complete with granite countertops, an island and black appliances including refrigerator. Large storage/laundry area with washer and dryer included. Complete 2 car garage with storage space and 2 access doors. Outside, enjoy a large open yard complete with a newer roof, newer AC unit and newer sparkling blue pool, perfect for enjoying or entertaining. Pets on approval. Credit under 600 pay 1.5 times rent as security.

Last Agent to Rent the Property

Paul Ruston

Renters Choice Homes License #BR543896000 Listed on: 12/29/2025

Last Renter's Agent

Paul Ruston

Renters Choice Homes License #BR543896000 Listed on: 12/29/2025

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1972

Lot Details

  • 7,924 Sq Ft Lot
  • Block Wall Fence
  • Front and Back Yard Sprinklers
  • Grass Covered Lot

Parking

  • 2 Car Garage

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior

Interior Spaces

  • 1,488 Sq Ft Home
  • 1-Story Property
  • Furniture Can Be Negotiated
  • Laundry in unit

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Kitchen Island

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Eco-Friendly Details

  • North or South Exposure

Outdoor Features

  • Indoor Pool
  • Covered Patio or Porch
  • Outdoor Storage
  • Playground

Schools

  • Fuller Elementary School
  • FEES College Preparatory Middle School
  • Mcclintock High School

Utilities

  • Cooling Available
  • Heating Available
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Built by Continental
  • Continental East 5 Subdivision

Listing and Financial Details

  • Property Available on 12/30/25
  • $200 Move-In Fee
  • 12-Month Minimum Lease Term
  • Tax Lot 662
  • Assessor Parcel Number 133-35-120

Home Details

Home Type

Single Family

Year Built

Built in 1972

Lot Details

0

Parking

2

Rental Info

  • Rent Includes: None
  • Available Date: 2025-12-30

Listing Details

  • Cross Street: 101 Freeway and Baseline
  • Property Type: Residential Lease
  • Separate Den Office Sep Den Office: N
  • Year Built: 1972
  • Non Assistive Animals: Lessor Approval
  • Initial Move In Costs Admin Fee: 200.0
  • Lease Term Minimum Lease Term Months: 12
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.18
  • Subdivision Name: CONTINENTAL EAST 5
  • Architectural Style: Ranch
  • Property Attached Yn: No
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Furnished: Negotiable
  • Spa Features: None
  • Appliances: Disposal, Dishwasher, Refrigerator, Microwave, Electric Range, Electric Oven, Dryer, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: No
  • Interior Amenities: 3/4 Bath Master Bdrm, Breakfast Bar, Eat-in Kitchen, Kitchen Island, Pantry, Granite Counters, High Speed Internet
  • Living Area: 1488.0
  • Stories: 1
  • Window Features: Blinds

Exterior Features

  • Fencing: Block
  • Exterior Features: Playground, Storage
  • Lot Features: North/South Exposure, Sprinklers In Rear, Sprinklers In Front, Grass Back, Grass Front
  • Pool Features: Indoor
  • Pool Private: Yes
  • Disclosures: Agency Discl Req
  • Construction Type: Block, Wood Frame, Painted
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Composition

Garage/Parking

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

Utilities

  • Cooling: Ceiling Fan(s)
  • Heating: Electric
  • Laundry Features: Inside
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: Lessor Approval

Schools

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

Lot Info

  • Lot Size Sq Ft: 7924.0
  • Parcel #: 133-35-120

Building Info

  • Builder Name: Continental

Tax Info

  • Tax Lot: 662

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2021
Closed on
Apr 22, 2021
Sold by
Arndt Richard H and Arndt Amanda L
Bought by
Frankos Jeffrey and Frankos Emilie C
Seller's Agent
Allan Hostetler
Realty ONE Group
Buyer's Agent
Carl Ong
My Home Group Real Estate
List Price
$405,000
Sold Price
$448,000
Premium/Discount to List
$43,000
10.62%
Current Estimated Value
$529,211

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,211
Avg. Annual Appreciation
3.54%
Original Mortgage
$341,600
Outstanding Balance
$306,411
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$222,800

Purchase Details

Closed on
Aug 3, 2011
Sold by
Phoenix Financing Llc
Bought by
Arndt Richard H and Arndt Amanda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,200
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 25, 2011
Sold by
Barber Daniel G
Bought by
Ez Homes Inc

Purchase Details

Closed on
May 19, 2011
Sold by
Ez Homes Inc
Bought by
Phoenix Financing Llc

Purchase Details

Closed on
May 18, 2004
Sold by
Hendricks Mills Kathryn L and Hendricks Kathryn L
Bought by
Barber Daniel and Barber Daniel G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,600
Interest Rate
6.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 9, 1999
Sold by
Fears Shannon M
Bought by
Hendricks Kathryn L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,450
Interest Rate
7.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 25, 1996
Sold by
Dicus Laura G
Bought by
Fears Shannon M
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

Date Buyer Sale Price Title Company
Frankos Jeffrey $448,000 Old Republic Title Agency
Arndt Richard H $142,500 Sterling Title Agency Llc
Ez Homes Inc $92,000 None Available
Phoenix Financing Llc -- None Available
Barber Daniel $157,000 Chicago Title Insurance Comp
Hendricks Kathryn L $120,500 Stewart Title & Trust
Fears Shannon M -- Transnation Title Ins Co
Fears Shannon M $109,000 Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frankos Jeffrey $341,600
Previous Owner Arndt Richard H $138,200
Previous Owner Barber Daniel $125,600
Previous Owner Hendricks Kathryn L $108,450
Closed Barber Daniel $31,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/01/2026 02/01/26 Rented $2,295 0.0% --
01/26/2026 01/26/26 Under Contract -- -- --
01/13/2026 01/13/26 Price Changed $2,295 -4.2% $2 / Sq Ft
01/08/2026 01/08/26 Price Changed $2,395 -4.0% $2 / Sq Ft
12/29/2025 12/29/25 For Rent $2,495 0.0% --
08/01/2023 08/01/23 Rented $2,495 0.0% --
07/31/2023 07/31/23 Under Contract -- -- --
07/26/2023 07/26/23 For Rent $2,495 0.0% --
04/29/2021 04/29/21 Sold $448,000 +10.6% $301 / Sq Ft View Prior Sale
03/25/2021 03/25/21 For Sale $405,000 -- $272 / 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 $2,086 $17,403 -- --
2024 $1,926 $16,574 -- --
2023 $1,926 $36,500 $7,300 $29,200
2022 $1,847 $26,020 $5,200 $20,820
2021 $1,860 $23,080 $4,610 $18,470
2020 $1,567 $21,700 $4,340 $17,360
2019 $1,537 $19,980 $3,990 $15,990
2018 $1,496 $18,630 $3,720 $14,910
2017 $1,449 $17,070 $3,410 $13,660
2016 $1,442 $16,470 $3,290 $13,180
2015 $1,395 $14,510 $2,900 $11,610
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6961465

Arizona Regional Multiple Listing Service (ARMLS)

APN: 133-35-120