1948 E PEGASUS Drive
Tempe, AZ 85283
Optimist Park SW- 4 Beds
- 2 Baths
- 1,953 sqft (on 0.46 acres)
$480,000
Last Sold: Jan 9, 2026
5% over list $455K
$246/sqft
Est. Refi. Payment $2,646/mo*
$480,000
Last Sold: Jan 9, 2026
5% over list $455K
$246/sqft
Est. Refi. Payment $2,646/mo*
4 Beds
2 Baths
1,953 sqft
(on 0.46 acres)
Local Information
© Google
-- mins to
Description
Multiple offers received please see private remarks. Check out this 4-bedroom 2 bath home located on a oversized cul de sac lot in a great Tempe location. Back yard includes tennis court, covered patio, fruit trees and paver walkways. Enjoy the interior space with sunken front living room, family room with wood burning fireplace, front bedroom with door to outside. New hot water heater, no Hoa, conveniently located near ASU, parks, schools, restaurants, freeway access & more!
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from January 10, 2026
Home Highlights
Parking
Garage
Outdoor
Yes
A/C
Heating & Cooling
HOA
None
Price/Sqft
$246/sqft
Listed
136 days ago
Home Details for 1948 E PEGASUS Drive
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Beds & Baths Number of Bedrooms: 4Number of Bathrooms: 2Number of Bathrooms (full): 2 |
Dimensions and Layout Living Area: 1953 Square Feet |
Appliances & Utilities Appliances: Electric Cooktop, Built-In Electric Oven |
Heating & Cooling Heating: Has Heating Unspecified TypeHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Has Heating Unspecified Type |
Fireplace & Spa Fireplace: Family RoomSpa: NoneHas a Fireplace |
Windows, Doors, Floors & Walls Flooring: Carpet, Tile |
Levels, Entrance, & Accessibility Stories: 1Number of Stories: 1Floors: Carpet, Tile |
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Exterior Home Features Roof: CompositionPatio / Porch: CoveredFencing: BlockExterior: Sport Court(s), Tennis Court(s) |
Parking & Garage Number of Garage Spaces: 2Number of Covered Spaces: 2Open Parking Spaces: 2No CarportHas a GarageHas Open ParkingParking Spaces: 4Parking: Garage Door Opener |
Frontage Responsible for Road Maintenance: City Maintained RoadNot on Waterfront |
Water & Sewer Sewer: Public Sewer |
Farm & Range Not Allowed to Raise Horses |
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Cumulative Days on Market: 6 |
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Year Built Year Built: 1973 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Ranch |
Building Construction Materials: Stucco, Painted, Block, BrickNot Attached Property |
Property Information Usage of Home: NoneParcel Number: 30101454 |
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Price List Price: $455,000Price Per Sqft: $246/sqft |
Status Change & Dates Off Market Date: Tue Dec 30 2025Possession Timing: Close Of Escrow |
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MLS Status: Closed |
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Direction & Address City: TempeCommunity: CONTINENTAL EAST UNIT 6 |
School Information Elementary School: Fuller Elementary SchoolElementary School District: Tempe School DistrictJr High / Middle School: Fees College Preparatory Middle SchoolHigh School: Marcos De Niza High SchoolHigh School District: Tempe Union High School District |
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Building Area Building Area: 1953 Square Feet |
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Community Features: Near Bus Stop |
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HOA Fee Includes: No FeesNo HOA |
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Lot Area: 0.46 acres |
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Listing Terms: Cash, Conventional, FHA, VA Loan |
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Business Information Ownership: Fee Simple |
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Mls Number: 6958568 |
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Near Bus Stop |
Last check for updates: about 7 hours ago
Listed by Benjamin Eberhard, (480) 204-0698
HomeSmart Lifestyles
Bought with: Joseph Lee Fraser, (480) 232-5713, HomeSmart
Source: ARMLS, MLS#6958568

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Price History for 1948 E PEGASUS Drive
| Date | Price | Event | Source |
|---|---|---|---|
| 01/09/2026 | $480,000 | Sold | ARMLS #6958568 |
| 12/30/2025 | $455,000 | Pending | ARMLS #6958568 |
| 12/24/2025 | $455,000 | Listed For Sale | ARMLS #6958568 |
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $3,028 |
| Assessment | $469,700 |
Home facts updated by county records
Comparable Sales for 1948 E PEGASUS Drive
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.18 | Single-Family Home | $530,000 | 08/13/25 | 4 | 2 | 1,691 | |
0.09 | Single-Family Home | $440,000 | 06/11/25 | 3 | 2 | 1,564 | |
0.18 | Single-Family Home | $465,000 | 11/12/25 | 3 | 2 | 1,581 | |
0.17 | Single-Family Home | $732,500 | 02/13/26 | 3 | 2 | 2,523 | |
0.23 | Single-Family Home | $720,000 | 10/28/25 | 4 | 2 | 2,132 | |
0.38 | Single-Family Home | $534,000 | 03/02/26 | 4 | 2 | 1,971 | |
0.26 | Single-Family Home | $610,000 | 06/09/25 | 3 | 2 | 2,132 | |
0.30 | Single-Family Home | $600,000 | 12/31/25 | 3 | 2 | 2,132 | |
0.42 | Single-Family Home | $900,000 | 03/06/26 | 4 | 2 | 2,881 |
Assigned Schools
These are the assigned schools for 1948 E PEGASUS Drive.
What Locals Say about Optimist Park SW
At least 12 Trulia users voted on each feature.
100 % Say streets are well-lit
100 % Say it's dog friendly
100 % Say people would walk alone at night
100 % Say parking is easy
95 % Say it's walkable to grocery stores
94 % Say yards are well-kept
93 % Say car is needed
90 % Say there are sidewalks
86 % Say they plan to stay for at least 5 years
77 % Say it's quiet
75 % Say there's holiday spirit
69 % Say it's walkable to restaurants
69 % Say kids play outside
68 % Say neighbors are friendly
24 % Say there's wildlife
17 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
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1948 E PEGASUS Drive, Tempe, AZ 85283 is a 4 bedroom, 2 bathroom, 1,953 sqft single-family home built in 1973. 1948 E PEGASUS Drive is located in Optimist Park SW, Tempe. This property is not currently available for sale. 1948 E PEGASUS Drive was last sold on Jan 9, 2026 for $480,000 (5% higher than the asking price of $455,000). The current Trulia Estimate for 1948 E PEGASUS Drive is $456,700.

