1012 S Smith Rd, Tempe, AZ 85281
OFF MARKET

1012 S Smith Rd
Tempe, AZ 85281

Alegre Community
  • Studio
  • 700 sqft (on 0.57 acres)

$2,603,200

Trulia Estimate
as of Aug 20, 2026
Est. Refi. Payment $14,292/mo*
Refinance Your Home

$2,603,200

Trulia Estimate
as of Aug 20, 2026
Est. Refi. Payment $14,292/mo*
Refinance Your Home
Studio
700 sqft
(on 0.57 acres)

Home Value

Trulia Estimate
$2.6M
Since last month
Decreased$152K (-5.6%)
Since last year
Decreased$42K (-1.6%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +426% in the last 10 years
MonthEstimated value
2026
August 2026$2.57M
July 2026$2.72M
June 2026$2.5M
May 2026$2.17M
April 2026$2.1M
March 2026$2.23M
February 2026$2.23M
January 2026$2.14M
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
914 S Kenwood Cir, Tempe, AZ
0.07
Multi-Family Home
$900,000
06/05/26
-
500
2402 E 5th St, Tempe, AZ
1.08
Multi-Family Home
$395,000
09/05/25
2
2
1,105
1413 S JENTILLY Lane, Tempe, AZ
1.35
Multi-Family Home
$715,000
11/26/25
4
1
1,540
601 N May #28, Mesa, AZ
1.44
Multi-Family Home
$158,000
06/02/26
2
1
805
2102 S Granada Dr, Tempe, AZ
1.79
Multi-Family Home
$825,000
01/29/26
-
2,346
2106 S GRANADA Drive, Tempe, AZ
1.80
Multi-Family Home
$650,000
01/22/26
4
4
2,596
1231 N OLEANDER Street, Tempe, AZ
1.96
Multi-Family Home
$1,125,000
07/03/26
9
5
3,290
151 E Broadway Rd #BR210, Tempe, AZ
2.18
Multi-Family Home
$258,000
11/10/25
2
2
1,008
238 N STANDAGE Street, Mesa, AZ
2.29
Multi-Family Home
$460,000
01/09/26
5
3
2,470
755 N STEWART --, Mesa, AZ
2.47
Multi-Family Home
$590,000
06/08/26
7
3
3,228

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
1970 E DON CARLOS Avenue, Tempe, AZ 85281
0.03
$460,700
3
3
1,280
Off Market
1978 E DON CARLOS Avenue, Tempe, AZ 85281
0.03
$923,300
8
4
2,800
Off Market
1983 E DON CARLOS Avenue, Tempe, AZ 85281
0.06
$396,100
4
2
1,550
Off Market
2005 E ORANGE Street, Tempe, AZ 85281
0.04
$342,500
2
1
1,034
Off Market
1973 E DON CARLOS Avenue, Tempe, AZ 85281
0.07
$710,700
5
4
2,700
Off Market
1961 E DON CARLOS Avenue, Tempe, AZ 85281
0.07
$442,400
3
2
1,472
Off Market
1973 E 10TH Street, Tempe, AZ 85281
0.05
$865,400
8
4
2,576
Off Market
1970 E 10TH Street, Tempe, AZ 85281
0.08
$427,000
4
2
1,344
Off Market
1943 E Hayden Lane #103, Tempe, AZ 85281
0.10
$394,800
3
3
1,462
Off Market
2026 E ORANGE Street, Tempe, AZ 85281
0.09
$375,000
3
1
960
For Sale
1886 E Don Carlos Avenue #170, Tempe, AZ 85281
0.13
$363,000
3
2.5
1,462
Recently Sold
1113 S HAZELTON Lane, Tempe, AZ 85281
0.14
$240,200
1
1
384
Off Market

Local Information

  • Map ViewExplore the area around 1012 S Smith Rd.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
1961
Lot Size
0.57 acres
Living Area
700 sqft
Price/Sqft
$3,719

About this House

Verde Palms Apartments is a 16-unit duplex style apartment community located in Tempe, Arizona. Situated east of Arizona State University, residents enjoy direct access to all areas of the Phoenix Valley by way of the Red Mountain Freeway (Loop 202), the Pima Freeway (Loop 101), and the nearby Light Rail Transit System. In addition, there are numerous dining and entertainment options in close proximity to the property, including Tempe Marketplace, one of the most popular shopping centers in the Phoenix Metro with 1.3 million square feet of retail space. These aspects make Verde Palms a highly desirable community for all its residents.
1012 S Smith Rd, Tempe, AZ 85281 is a studio, 700 sqft multi-family in Alegre Community, built in 1961. More recently, it was listed as a rental in May 2015 with an asking price of $695 per month. That rental listing was removed on October 3, 2015. It is currently off market. The Trulia Estimate is $2,603,200, with a rent estimate of $1,521/month.

Home Details for 1012 S Smith Rd

Interior Features

Heating & Cooling
Heating: Forced AirHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 1Floors: Tile

Exterior Features

Exterior Home Features
Roof: OtherExterior: Other

Property Information

Year Built
Year Built: 1961Year Updated: 1961
Property Type / Style
Property Type: Multi Family

Community

Units in Building: 16

Lot Information

Lot Area: 0.57 acres

Price and Tax history

DateEventPrice
Jan 1, 2016
Source: Agent Provided
ListingRemoved
$1,300,000
Oct 3, 2015
Source: Agent Provided
ListingRemoved
$755
Oct 3, 2015
Source: Agent Provided
Listed For Sale
$1,300,000
Sep 2, 2015
Source: Agent Provided
PriceChange
$755
Price increased by 9%
May 30, 2015
Source: Agent Provided
Listed For Rent
$695

Market trends in Tempe

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$463K
$1.67KMoM
Sale-to-List Price
98.3%
0.1%MoM
Price per sq ft
$289
$3MoM
Available listings
571
21MoM

Around this home

Neighborhood Overview

Alegre Community
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Alegre Community

  • Trulia User
    "People speed down these streets even with the speed bumps and the curb parking makes visibility a challenge. "
    2
    Flag
  • Jose S.
    "The neighborhood itself is a bit scary, I live in a gated three layer apartment complex. I fee safe here, here everyone picks up after their dogs and will walk them around the courtyard but the surrounding area does not fee too safe. I actually avoid walking outside of the gate when possible."
    26
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 1012 S Smith Rd

  • What is 1012 S Smith Rd estimated to be worth?
    Trulia's estimated value for 1012 S Smith Rd in Tempe, AZ is $2,603,200.
  • Is Tempe a buyer's or seller's market?
    Tempe is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Tempe?
    The median sale price in Tempe is $463K. That is down $1.67K from the prior month.
  • What are the closest schools to 1012 S Smith Rd?
    The closest schools to 1012 S Smith Rd in Tempe, AZ are Connolly Middle School (rated 3/10), McClintock High School (rated 8/10), Thew Elementary School (Pre-K, rated 4/10).

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Apartments for Rent

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