1940 E Velvet Dr, Tempe, AZ 85284
Property image
View of Master Bedroom
OFF MARKET

$455,300

Trulia Estimate
  • 3 Beds
  • 2 Baths
  • 1,391 sqft

1940 E Velvet Dr, Tempe, AZ 85284

Est. Refi. Payment $2,664/mo*
Refinance Your Home
Currently Off Market - Sold Sep 22, 2017 for $246,000

Home Value

Trulia Estimate
$455K
Since last month
Increased$3K (+0.5%)
Since last year
Increased$4K (+0.9%)
Since last sale
Increased$213K (+86.6%)
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 +97% in the last 10 years
MonthEstimated value
2026
September 2026$459K
August 2026$458K
July 2026$457K
June 2026$463K
May 2026$459K
April 2026$462K
March 2026$459K
February 2026$458K
January 2026$455K
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
1927 E VELVET Drive, Tempe, AZ
0.06
Single-Family Home
$455,000
05/21/26
3
2
1,391
1914 E CITATION Lane, Tempe, AZ
0.11
Single-Family Home
$481,000
05/11/26
3
2
1,391
1919 E VELVET Drive, Tempe, AZ
0.08
Single-Family Home
$504,675
02/20/26
3
2
1,511
1824 E Secretariat Drive, Tempe, AZ
0.19
Single-Family Home
$472,500
10/24/25
3
2
1,391
1830 E SECRETARIAT Drive, Tempe, AZ
0.18
Single-Family Home
$500,000
01/06/26
3
2
1,391
1804 E VELVET Drive, Tempe, AZ
0.25
Single-Family Home
$516,000
02/13/26
3
2
1,417
1947 E Velvet Drive, Tempe, AZ
0.06
Single-Family Home
$645,000
04/30/26
3
2
1,650
1859 E BRENTRUP Drive, Tempe, AZ
0.33
Single-Family Home
$515,000
08/13/26
3
2
1,688
1966 E BELMONT Drive, Tempe, AZ
0.18
Single-Family Home
$572,500
10/15/25
3
2
1,918
1960 E KRISTA Way, Tempe, AZ
0.22
Single-Family Home
$715,000
07/15/26
3
2
2,017

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
1941 E VELVET Drive, Tempe, AZ 85284
0.03
$560,000
3
2
1,457
For Sale
1930 E CITATION Lane, Tempe, AZ 85284
0.06
$437,500
3
2
1,201
Off Market
1927 E VELVET Drive, Tempe, AZ 85284
0.06
$455,000
3
2
1,391
Recently Sold
1940 E Citation Lane, Tempe, AZ 85284
0.07
$751,300
3
2
2,206
Off Market
1947 E Velvet Drive, Tempe, AZ 85284
0.06
$645,000
3
2
1,650
Recently Sold
1919 E VELVET Drive, Tempe, AZ 85284
0.08
$504,675
3
2
1,511
Recently Sold
1920 E VELVET Drive, Tempe, AZ 85284
0.08
$477,000
3
2
1,391
Off Market
1916 E Secretariat Drive, Tempe, AZ 85284
0.06
$662,100
3
2
1,997
Off Market
1914 E CITATION Lane, Tempe, AZ 85284
0.11
$481,000
3
2
1,391
Recently Sold
1915 E CITATION Lane, Tempe, AZ 85284
0.12
$751,100
4
2
2,406
Off Market
1920 E BELMONT Drive, Tempe, AZ 85284
0.13
$729,900
4
3
2,778
Off Market
1910 E CITATION Lane, Tempe, AZ 85284
0.13
$464,900
3
2
1,201
Off Market

Local Information

  • Map ViewExplore the area around 1940 E Velvet Dr.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1984
1,391 sqft
$327/sqft
Garage

About this House

PERFECT SINGLE FAMILY HOME! Text FSBO2809 to 878787 to see Awesome 3D Video Tour and/or to setup private showing with owner. Remodeled home in desirable Tempe Royal Palms! This home includes 3 bedrooms, 2 baths, spacious kitchen, formal dining room, new counter tops, new dishwasher, new stove/oven w/warranties, breakfast nook, vaulted ceilings with ceiling fans, cozy fireplace, new carpet, new freshly painted exterior and interior, new roofing system including the detached 2 car garage. The front and backyard is professionally landscaped and offers you a peaceful covered patio to relax and enjoy beautiful AZ weather, low HOA fees includes community pool and huge gated park. Close to Intel, the new State Farm SW headquarters, Phoenix International airport, dining, shopping, sports, entertainment, ASU main campus, ASU Research Park, and major Freeways! Vacant and ready to move into!
1940 E Velvet Dr, Tempe, AZ 85284 is a 3 bedroom, 2 bathroom, 1,391 sqft single-family home built in 1984. It last sold for $246,000 on Sep 22, 2017. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $455,300, with a rent estimate of $2,446/month.

Home Details for 1940 E Velvet Dr

Interior Features

Heating & Cooling
Heating: Heat Pump, ElectricAir ConditioningCooling System: RefrigeratorHeating Fuel: Heat Pump
Levels, Entrance, & Accessibility
Stories: 1Floors: Tile, Carpet
Interior Details
Number of Rooms: 7Types of Rooms: Walk In Closet, Breakfast Nook, Dining Room, Family Room, Master BathCeiling Fan
Appliances & Utilities
Cable ReadyDishwasherDisposal
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: TileExterior: WoodPatioSprinkler System
Parking & Garage
GarageParking Spaces: 2Parking: Garage Detached

Property Information

Year Built
Year Built: 1984
Property Type / Style
Property Type: Single Family HomeArchitecture: Contemporary

Community

Units in Building: 1

Lot Information

Lot Area: 4657 sqft

Price and Tax history

DateEventPrice
Mar 24, 2021
Source: N/A
ListingRemoved
Sep 22, 2017
Source: N/A
Sold
$246,000
Jul 26, 2017
Source: N/A
Listed For Sale
$253,900
Mar 31, 1998
Source: N/A
Sold
$121,000

Market trends in Tempe

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$461K
$1.5KMoM
Sale-to-List Price
98.3%
Price per sq ft
$289
$0MoM
Available listings
593
22MoM

Around this home

What Locals Say about Tempe

At least 1318 Trulia users voted on each feature.

  • 90 % Say it's dog friendly

  • 90 % Say there are sidewalks

  • 79 % Say parking is easy

  • 77 % Say car is needed

  • 70 % Say it's walkable to restaurants

  • 68 % Say streets are well-lit

  • 66 % Say there's holiday spirit

  • 64 % Say people would walk alone at night

  • 62 % Say yards are well-kept

  • 61 % Say it's walkable to grocery stores

  • 58 % Say it's quiet

  • 53 % Say kids play outside

  • 43 % Say they plan to stay for at least 5 years

  • 42 % Say neighbors are friendly

  • 25 % Say there's wildlife

  • 23 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "Have a car and traffic on the freeways is very heavy"
    0
    Flag
  • Jdimmel
    "Easy to get onto major freeways if you work downtown"
    0
    Flag
  • Cainiac
    "Tempe is a very large area. Even a zip code like 85281 can vary. I live in the ASU area near 1st and University. Walkable to Whole-foods and many restaurants. Tempe Beach is like an oasis. "
    0
    Flag
  • Karen Orton
    "Its walkable, nice park around the corner, houses are well maintained and there is no HOA. "
    0
    Flag
  • Louise Marin
    "Great walking areas. Dog play areas in the surrounding parks. Well lit areas for evening activities. "
    0
    Flag
  • Trulia User
    "You should Still be watching your kids outside even if if seems safe. Live in “nice” “gated and secured” apartments and still many crimes occur in a short amount of time. "
    0
    Flag
  • Patrice Trotter
    "I’ve lived in this area for 9 months, it’s been quiet and friendly. With easy access for parking and convenient access to laundry and well maintained facilities."
    0
    Flag
  • Rs70asn
    "Many families. Great parks and greenbelts. Friendly. Stores and restaurants nearby. Great schools nearby"
    1
    Flag
  • Thomas Burke
    "I live in this neighborhood, but you never see your neighbors and everyone in the backyard. All the walls are black wall walls. It’s not like back east where you see your neighbors and people sit on their front porches."
    0
    Flag
  • Thomas Burke
    "I really don’t know my neighbors. Everybody keeps themselves and I’ve lived here a year. There is nice places to walk I do feel safe in this neighborhood and everything we could want is within driving distance "
    0
    Flag
  • Emely Zambrano
    "Nice neighbors and it’s close to a lot of great restaurants and stores. Tempe is in the middle of everything. It’s a great location close enough to ASU but not close enough to be part of a college town. "
    0
    Flag
  • Rachel Belcher
    "The parks hold a lot art events that bring the neighborhood together. Very family/friendly oriented. "
    1
    Flag
  • Miguel L
    "Tempe is like dog heaven. Every corner you turn you’ll see someone walking their dog. There are also tons of waste bags located around the area I live in and at the lake. "
    0
    Flag
  • Destiny Garcia
    "Park events and church events they seem like fun haven’t been to one yet but the neighborhood seems kind"
    0
    Flag
  • Hfbbhb7s4b
    "Not that bad. Can take major roads or freeway to Phoenix downtown, or light rail. It’s possible to use public transportation to light rail, as well as to city hall, ASU, Tempe Marketplace. Commute is usually-22 minutes. "
    0
    Flag
  • Manuel Rodriguez
    "great parks and nice families. there is lovely houses near the neighborhood and lots of markets and stores and parks and water parks "
    0
    Flag
  • Alejandro Martinez
    "I live right next to Southern and it is one of the most congested streets in Tempe. it’s so noisy sometimes at night with cars revving their engines in the middle of the night for no reason whatsoever. "
    0
    Flag
  • Aj.martinez2000
    "Dog owners have access to a dog park as long as they have all forms and registrations completed and up to date. "
    0
    Flag
  • Julie
    "Dog park nearby and friendly folks at the park. Some unhoused people at the park at times but generally pleasant."
    0
    Flag
  • Nancy Benitez
    "All dog owners like about this area because theirs a trail to walk the dogs and all the apartments are dog friendly "
    0
    Flag
  • Trulia User
    "Yes most definitely but watch of rattlesnake during the summer months. But the community is kind and well organized "
    0
    Flag
  • Trulia User
    "great scenic views and a variety of trees, flora, and rock formations in a private neighborhood.love the outdoors and local restaurants and fresh produce markets."
    0
    Flag
  • Trulia User
    "Great community. A lot of friendly neighbors walking their dog. Never had an issue with someone’s dog."
    1
    Flag
  • Trulia User
    "People don't know how to control their dogs sometimes. There are a lot of people who get very upset seeing dogs being walked on 110+ degree pavement."
    0
    Flag
  • Trulia User
    "don't live here. but it's great when I visit. I live 10 minutes from my office never had an issue "
    0
    Flag
  • Trulia User
    "The Tempe Orbit comes through the neighborhood often but I just drive my personal car. There seems to be some bus stops nearby as well."
    1
    Flag
  • Trulia User
    "This neighborhood is safe and fairly quiet, downside would be number of rental homes. I have lived in the area 49 years."
    0
    Flag
  • Trulia User
    "I love the neighborhood for its safe walking trails. I can take a walk at any time of day or evening and it always feels safe. There are plenty of lights and always someone out walking their dogs. I love that it’s kid friendly and all the properties are well maintained. "
    0
    Flag
  • Trulia User
    "It’s close to the high school, you can hear the high school band on football game nights, it’s cute."
    0
    Flag
  • Trulia User
    "I use an electric car and occasionally the light rail to get to work and other places. but I do see public transportation all the time "
    0
    Flag
  • Trulia User
    "People speed down these streets even with the speed bumps and the curb parking makes visibility a challenge. "
    2
    Flag
  • Trulia User
    "this neighborhood has an amazing elementary school and community center..the community here is very quiet and nice "
    0
    Flag
  • Trulia User
    "I have lived in this neighborhood for several years and have never experienced any issues. Sure you have some bad seeds but that’s everywhere you go. But everyone is friendly and kids are out playing. "
    0
    Flag
  • Trulia User
    "A short pleasant trip with many interesting sights and places to shop and or visit. Including many Restaurants and the Tempe Library on the way"
    0
    Flag
  • Trulia User
    "We help each other. Raised our kids together. This neighborhood seems to understand it takes a village. and we have each other's backs in a crisis. it neighborhood is also culturally diverse. and our neighborhood has all afe ranges living it. We are near ASU and downtown Tempe, which is very charming. "
    0
    Flag
  • Nicole B.
    "Events in the park; movies, live music, food trucks, b2b events, dog runs and other parade or charity fundraisers "
    0
    Flag
  • Amymc.clubtattoo
    "No special events that I know of. I live in a nice, friendly, safe neighborhood that is very dog friendly. Lots of parks. Tempe is just a nice place to live. 😀"
    0
    Flag
  • Victorya V.
    "The events that are held at Kiwanis park , like movie night or the new water park. I have enjoyed living in Tempe"
    0
    Flag
  • Iceman8593
    "Great place for young people. Right by asu and Scottsdale makes for awesome living. Being young here makes you want to achieve more and flourish just by your surroundings. "
    0
    Flag
  • Kelly W.
    "I like all the festivals at Tempe Beach Park. I also enjoy that I can walk practically anywhere. Tempe does a great job at celebrating holidays."
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 1940 E Velvet Dr

  • What is 1940 E Velvet Dr estimated to be worth?
    Trulia's estimated value for 1940 E Velvet Dr in Tempe, AZ is $455,300.
  • What is the price history for 1940 E Velvet Dr?
    1940 E Velvet Dr in Tempe, AZ last sold for $246,000 in September 2017.
  • Is Tempe a buyer's or seller's market?
    Tempe is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Tempe?
    The median sale price in Tempe is $461K. That is down $1.5K from the prior month.
  • Does 1940 E Velvet Dr have air conditioning?
    Yes, 1940 E Velvet Dr in Tempe, AZ has air conditioning.
  • How big is the lot at 1940 E Velvet Dr?
    The lot at 1940 E Velvet Dr in Tempe, AZ is about 0.11 acres (4,657 sq ft).

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