$1,299,000
Original price: $1,375,000
Studio
1229 E Spence Avenue, Tempe, AZ 85281
Est. Mortgage $7,721/mo*
Get Pre-QualifiedHome Highlights
Multi-Family
Built in 1940
2 Open Spaces
Local Information
- Map ViewExplore the area around 1229 E Spence Avenue.
- Schools1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
Rare opportunity to purchase a R-4 (High Density) zoned multi family land and homes with frontage on Spence Ave in the heart of ASU campus. Listing included two residential houses, next to each out, zoned for high density multifamily. Nestled in a robust infill Arizona State location, this property is a beacon for savvy investors seeking unparalleled opportunities. Walk to Campus. Unmatched demographics include over 350,000 population count within a five-mile radius. Parcel numbers 133-09-045 and 133-09-055 **Buyer to verify all facts, figures, schools & measurements**
Last check for updates: about 10 hours ago
Listing courtesy of Jason Miszuk, (602) 363-5058
Realty ONE Group
Maggie Wu, (480) 828-2010
Realty ONE Group
Source: ARMLS, MLS#6950797
Also Listed on ARMLS.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Home Details for 1229 E Spence Avenue
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Appliances & Utilities Appliances: See Remarks |
Heating & Cooling Heating: See RemarksAir Conditioning: See RemarksHeating Fuel: See Remarks |
Gas & Electric Electric: Other (See Remarks)Has Electric on Property |
Windows, Doors, Floors & Walls Flooring: Concrete |
Levels, Entrance, & Accessibility Floors: Concrete |
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Exterior Home Features Roof: Composition |
Parking & Garage Number of Covered Spaces: 1Open Parking Spaces: 2No CarportNo GarageHas Open ParkingParking Spaces: 3Parking: Paved,Free,1 Space/Unit |
Frontage Road Surface Type: AsphaltNot on Waterfront |
Water & Sewer Sewer: See Remarks |
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Cumulative Days on Market: 312Days on Market: 180+ |
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Year Built Year Built: 1940 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Construction Materials: Wood Frame, Painted |
Property Information Parcel Number: 13309045 |
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Price List Price: $1,299,000 |
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MLS Status: Active |
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Direction & Address City: TempeCommunity: STANLEY PLAT & KENNETH PLACE |
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Listing Agent Listing ID: 6950797 |
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Community Features: See Remarks, No Pool |
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Listing Terms: Cash |
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Business Information Ownership: Fee Simple |
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Owner Pays: See Remarks |
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Mls Number: 6950797 |
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See RemarksNo Pool |
Around this home
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Jen Tilly Terrace
Market trends in Tempe
Last updated August 2026
Avg. sale price
$461K
$1.5KMoM
Sale-to-List Price
98.3%
Price per sq ft
$289
$0MoM
Available listings
593
22MoM
Home Value
Trulia Estimate
$1.25MSince last month
Increased$45K (+3.7%)Since last year
Increased$902K (+257.7%)Since last sale
Increased$1M (+763.8%)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 +670% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| October 2026 | $1.25M |
| September 2026 | $1.21M |
| August 2026 | $1.21M |
| July 2026 | $1.28M |
| June 2026 | $1.29M |
| May 2026 | $1.34M |
| April 2026 | $1.36M |
| March 2026 | $1.36M |
| February 2026 | $1.36M |
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 |
|---|---|---|---|---|---|---|---|
0.72 | Multi-Family Home | $650,000 | 01/22/26 | 4 | 4 | 2,596 | |
1.10 | Multi-Family Home | $425,000 | 03/13/26 | 4 | 2 | 1,700 | |
1.12 | Multi-Family Home | $527,000 | 02/05/26 | 5 | 3 | 2,172 | |
1.50 | Multi-Family Home | $1,610,000 | 07/03/26 | 7 | 8 | 6,250 | |
1.69 | Multi-Family Home | $650,000 | 02/23/26 | 5 | 3 | 2,106 | |
1.71 | Multi-Family Home | $1,400,000 | 05/28/26 | 8 | 1 | 4,400 |
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 |
|---|---|---|---|---|---|---|
0.01 | - | - | - | - | Off Market | |
0.01 | $429,600 | Studio | 3 | 1,431 | Off Market | |
0.01 | $274,700 | 3 | 1 | 720 | Off Market | |
0.02 | $298,800 | 2 | 1 | 882 | Off Market | |
0.02 | - | 3 | 2 | 1,186 | Off Market | |
0.02 | $397,100 | 3 | 2 | 1,296 | Off Market | |
0.02 | - | - | - | - | Off Market | |
0.02 | - | 3 | 2 | 1,269 | Off Market | |
0.02 | $237,100 | Studio | 2 | 945 | Off Market | |
0.03 | - | - | - | - | Off Market | |
0.03 | $316,200 | Studio | 1 | 1,074 | Off Market | |
0.04 | - | Studio | - | 2,413 | Off Market | |
0.04 | - | 2 | 1 | 625 | Off Market | |
0.04 | - | 2 | 1 | 713 | Off Market | |
0.04 | $442,600 | 3 | 2 | - | Off Market | |
0.04 | $486,200 | Studio | - | 1,480 | Off Market | |
0.04 | - | Studio | - | 2,504 | Off Market | |
0.04 | - | - | - | - | Off Market | |
0.04 | - | 2 | 1 | 576 | Off Market | |
0.04 | $293,300 | Studio | 1 | 954 | Off Market |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Aug 17, 2026 Source: ARMLS #6950797 | PriceChange | $1,299,000 Price decreased by 6% |
Jun 26, 2026 Source: ARMLS #6950797 | PriceChange | $1,375,000 Price decreased by 5% |
Feb 15, 2026 Source: ARMLS #6950797 | PriceChange | $1,450,000 Price decreased by 9% |
Nov 23, 2025 Source: ARMLS #6950797 | Listed For Sale | $1,600,000 |
Mar 11, 2016 Source: ARMLS #5386786 | Sold | $145,000 |
Jan 21, 2016 Source: Agent Provided | Listed For Sale | $145,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $940 | $297,200 |
Home facts updated by county records
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Jason Miszuk, Realty ONE Group
Agent Phone: (602) 363-5058
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Frequently asked questions about 1229 E Spence Avenue
- What is the estimated monthly payment for 1229 E Spence Avenue?Based on a $1,299,000 list price with 20% down at today's rates, the estimated monthly payment for 1229 E Spence Avenue in Tempe, AZ is approximately $7,890 (about $7,371 principal & interest, $444 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- How does the list price for 1229 E Spence Avenue compare to homes in Tempe?1229 E Spence Avenue in Tempe, AZ is listed at $1,299,000, about 182% above the $461K median sale price in Tempe.
- What are the closest schools to 1229 E Spence Avenue?The closest schools to 1229 E Spence Avenue in Tempe, AZ are Connolly Middle School (rated 3/10), Curry Elementary School (rated 4/10), McClintock High School (rated 8/10).
- What is 1229 E Spence Avenue estimated to be worth?Trulia's estimated value for 1229 E Spence Avenue in Tempe, AZ is $1,252,500.
- Does 1229 E Spence Avenue have a pool?Yes, 1229 E Spence Avenue in Tempe, AZ has a pool.
- Does 1229 E Spence Avenue have parking?Yes, 1229 E Spence Avenue in Tempe, AZ has on-site parking.
1229 E Spence Avenue, Tempe, AZ 85281 is a studio multi-family built in 1940. 1229 E Spence Avenue is located in Jen Tilly Terrace, Tempe. This property is currently available for sale and was listed by ARMLS on Nov 23, 2025. The MLS # for this home is MLS# 6950797.