NOT LISTED FOR SALE

7241 S Terrace Rd Tempe, AZ 85283

South Tempe Neighborhood

Estimated Value: $652,000 - $682,315

5 Beds
3 Baths
2,624 Sq Ft
$254/Sq Ft Est. Value

Last Sold April 30, 2024

Last sale price $645,000 $246 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,873/month

7 Days on Market

Highlights

  • Private Pool
  • Contemporary Architecture
  • Covered Patio or Porch
  • Kyrene del Norte School Rated A-
  • Vaulted Ceiling
  • 3-minute walk to Corbell Park

About This Home

As of April 2024

Location, location, location! This Cul de Sac home has SOOO much potential.. dream home is within reach! This 5-bed (one full bedroom & bathroom downstairs!), 3-bath home features a 3-car garage and a well-maintained front/back yard. The formal living/dining room showcases vaulted ceilings, plantation shutters, carpet/tile flooring, and an elegant wet bar. Eat-in kitchen, Corian counters, nice cabinets, built-in appliances, and a center island. The main bedroom boasts a large ensuite with dual sinks and a walk-in closet (hidden storage rm behind mirror!). Outside, the backyard includes a covered patio, low-maintenance artificial turf, and a sparkling pool. Home is priced much lower than comps, it needs some updating, but the bones are good! See list of updates!

Last Agent to Sell the Property

Lisa Buhr

HomeSmart License #SA552508000 Listed on: 03/18/2024

HomeSmart

Last Buyer's Agent

Jill Stecker

Coldwell Banker Realty License #SA541639000

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,460

Year Built

  • Built in 1985

Lot Details

  • 8,786 Sq Ft Lot
  • Cul-De-Sac
  • Block Wall Fence
  • Artificial Turf

HOA Fees

  • $20 Monthly HOA Fees

Parking

  • 3 Car Direct Access Garage
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,624 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Vaulted Ceiling
  • Ceiling Fan
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Built-In Microwave
  • Kitchen Island

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 3 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub With Separate Shower Stall

Outdoor Features

  • Private Pool
  • Covered Patio or Porch

Schools

  • Kyrene De Los Ninos Elementary School
  • Kyrene Middle School
  • Marcos De Niza High School

Utilities

  • Central Air
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 35
  • Assessor Parcel Number 301-91-494

Community Details

Overview

  • Association fees include ground maintenance
  • Galleria Association, Phone Number (480) 345-0046
  • Built by KNOELL HOMES
  • Galleria Subdivision

Recreation

  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,460

Year Built

Built in 1985

Lot Details

0

HOA Fees

$20 per month

Parking

3

Listing Details

  • Cross Street: Elliot Rd & Rural Rd
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 19.58
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 3.0
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1985
  • Tax Year: 2023
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.2
  • Subdivision Name: GALLERIA
  • Architectural Style: Contemporary
  • Property Attached Yn: No
  • General Property Description:PriceSqFt: 245.8
  • Association Fees:HOA Fee2: 235.0
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Laminate, Tile
  • Basement YN: No
  • Possible Use: None
  • Spa Features: None
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Double Vanity, Upstairs, Eat-in Kitchen, Vaulted Ceiling(s), Wet Bar, Kitchen Island, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub
  • Living Area: 2624.0
  • Stories: 2
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:BikingWalking Path: Yes
  • Kitchen Features Pantry: Yes
  • Kitchen Features:Non-laminate Counter: Yes
  • Other Rooms:Family Room: Yes

Exterior Features

  • Fencing: Block
  • Lot Features: Cul-De-Sac, Gravel/Stone Front, Gravel/Stone Back, Synthetic Grass Frnt, Synthetic Grass Back
  • Pool Private: Yes
  • Disclosures: Agency Discl Req
  • Construction Type: Stucco, Wood Frame, Painted
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Garage Door Opener, Direct Access
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Open Parking Spaces: 3.0
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Direct Access: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
  • Laundry Features: Wshr/Dry HookUp Only
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Biking/Walking Path
  • Association Fee: 235.0
  • Association Fee Frequency: Annually
  • Association Name: Galleria
  • Phone: 480-345-0046
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA DisclosureAddendum Affirmation: Yes
  • Association Fees:HOA Paid Frequency: Annually
  • Association Fees:HOA Name4: Galleria
  • Association Fees:Special Assessment HOA: No
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds

Schools

  • Elementary School: Kyrene de los Ninos School
  • High School: Marcos De Niza High School
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Kyrene Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8786.0
  • Parcel #: 301-91-494

Building Info

  • Builder Name: KNOELL HOMES

Tax Info

  • Tax Annual Amount: 3460.0
  • Tax Book Number: 301.00
  • Tax Lot: 35
  • Tax Map Number: 91.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2024
Closed on
Apr 25, 2024
Sold by
Aldano Doreen Lynne and Miller Doreen Lynne
Bought by
Lux Jennifer Renee and Lux Martin
Seller's Agent
Lisa Buhr
HomeSmart
Buyer's Agent
Jill Stecker
Coldwell Banker Realty
List Price
$620,000
Sold Price
$645,000
Premium/Discount to List
$25,000
4.03%
Views
85
Current Estimated Value
$666,579

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,579
Avg. Annual Appreciation
2.07%

Purchase Details

Closed on
Feb 23, 1995
Sold by
Smith Brendan T F and Smith Patricia I
Bought by
Aldano Doreen Lynne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,500
Interest Rate
7.71%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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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
Lux Jennifer Renee $645,000 Security Title Agency
Aldano Doreen Lynne $174,900 Network Escrow & Title Agenc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Aldano Doreen Lynne $133,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2024 04/30/24 Sold $645,000 +4.0% $246 / Sq Ft
03/27/2024 03/27/24 Pending -- -- --
03/19/2024 03/19/24 For Sale $620,000 -- $236 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

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 $4,281 $39,264 -- --
2024 $3,460 $37,394 -- --
2023 $3,460 $49,600 $9,920 $39,680
2022 $3,280 $38,600 $7,720 $30,880
2021 $3,408 $35,610 $7,120 $28,490
2020 $3,327 $34,250 $6,850 $27,400
2019 $3,222 $32,880 $6,570 $26,310
2018 $3,113 $31,120 $6,220 $24,900
2017 $2,985 $29,550 $5,910 $23,640
2016 $3,027 $30,400 $6,080 $24,320
2015 $2,796 $27,670 $5,530 $22,140
Source: Public Records

Agents Affiliated with this Home

  • Lisa Buhr

    Seller's Agent in 2024

    Lisa Buhr

    HomeSmart

    (602) 339-1939

    1 in this area

    42 Total Sales

    Lisa Buhr
    Section Image

  • J

    Buyer's Agent in 2024

    Jill Stecker

    Coldwell Banker Realty

    (602) 510-5223

    1 in this area

    9 Total Sales

    Jill Stecker
    Section Image

  • J

    Buyer's Agent in 2024

    Jill Busbee

    Firebird Realty

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6679055

Arizona Regional Multiple Listing Service (ARMLS)

APN: 301-91-494

Arizona Maricopa County Tempe 85283 South Tempe

7241 S Terrace Rd, Tempe, AZ

Not Listed for Sale

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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