1948 E PEGASUS Drive, Tempe, AZ 85283
Property image
Property image
SOLD
JAN 9, 2026

$682,900

Trulia Estimate
  • 4 Beds
  • 2 Baths
  • 1,953 sqft (on 0.46 acres)

1948 E PEGASUS Drive, Tempe, AZ 85283

Optimist Park SW
Est. Refi. Payment $4,124/mo*
Refinance Your Home
Currently Off Market - Sold Jan 9, 2026 for $480,000 (5% above list price)

Home Value

Trulia Estimate
$683K
Since last month
Decreased$2K (-0.3%)
Since last year
Increased$93K (+15.8%)
Since last sale
Increased$203K (+42.4%)
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 +117% in the last 10 years
MonthEstimated value
2026
October 2026$683K
September 2026$683K
August 2026$685K
July 2026$678K
June 2026$456K
May 2026$456K
April 2026$458K
March 2026$455K
February 2026$456K
January 2026$454K
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
6217 S HAZELTON Lane, Tempe, AZ
0.11
Single-Family Home
$500,000
09/08/26
4
2
1,953
1915 E GEMINI Drive, Tempe, AZ
0.14
Single-Family Home
$480,000
05/29/26
4
2
1,746
6409 S HAZELTON Lane, Tempe, AZ
0.16
Single-Family Home
$740,000
09/30/26
4
2
2,434
2021 E Pegasus Drive, Tempe, AZ
0.20
Single-Family Home
$650,000
07/29/26
3
2
2,132
1875 E PEGASUS Drive, Tempe, AZ
0.18
Single-Family Home
$465,000
11/12/25
3
2
1,581
2016 E REDMON Drive, Tempe, AZ
0.17
Single-Family Home
$732,500
02/13/26
3
2
2,523
2032 E PEGASUS Drive, Tempe, AZ
0.23
Single-Family Home
$720,000
10/28/25
4
2
2,132
1849 E Watson Drive, Tempe, AZ
0.38
Single-Family Home
$534,000
03/02/26
4
2
1,971
2043 E VAUGHN Street, Tempe, AZ
0.33
Single-Family Home
$655,000
06/18/26
3
2
2,253

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
1952 E Pegasus Dr, Tempe, AZ 85283
0.02
$512,400
Studio
2
1,691
Off Market
1944 E Pegasus Dr, Tempe, AZ 85283
0.03
$584,600
Studio
2
1,953
Off Market
1959 E Orion St, Tempe, AZ 85283
0.03
$560,800
4
2
1,746
Off Market
6236 S Kenwood Ln, Tempe, AZ 85283
0.03
$570,200
Studio
2
1,691
Off Market
1953 E Orion St, Tempe, AZ 85283
0.03
$444,300
3
2
1,564
Off Market
1965 E Orion St, Tempe, AZ 85283
0.03
$492,400
Studio
2
1,953
Off Market
6242 S Kenwood Ln, Tempe, AZ 85283
0.03
$563,500
Studio
2
1,984
Off Market
6248 S Kenwood Ln, Tempe, AZ 85283
0.04
$657,700
Studio
2
2,182
Off Market
1947 E ORION Street, Tempe, AZ 85283
0.04
$649,900
4
3.5
2,360
For Sale
1969 E Orion St, Tempe, AZ 85283
0.04
$501,200
4
3
1,944
Off Market
1940 E Pegasus Dr, Tempe, AZ 85283
0.04
$488,800
Studio
3
1,823
Off Market
1953 E Pegasus Dr, Tempe, AZ 85283
0.05
$401,100
3
2
1,224
Off Market
6230 S Kenwood Ln, Tempe, AZ 85283
0.05
$689,200
4
4
2,360
Off Market
1973 E Orion St, Tempe, AZ 85283
0.05
$461,800
Studio
2
1,564
Off Market
1947 E Pegasus Dr, Tempe, AZ 85283
0.05
$513,900
Studio
2
1,953
Off Market
1959 E Pegasus Dr, Tempe, AZ 85283
0.05
$459,300
Studio
2
1,564
Off Market
1937 E ORION Street, Tempe, AZ 85283
0.05
$538,300
4
2
1,746
Off Market
1962 E Orion St, Tempe, AZ 85283
0.06
$601,800
4
2
2,239
Off Market
1956 E Orion St, Tempe, AZ 85283
0.06
$450,200
Studio
2
1,794
Off Market
1927 E Orion St, Tempe, AZ 85283
0.06
$501,100
3
2
1,798
Off Market

Local Information

  • Map ViewExplore the area around 1948 E PEGASUS Drive.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1973
0.46 acre lot
1,953 sqft
$246/sqft
Garage

About this House

What's unique:Covered patioPaver walkwaysFruit trees
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!
1948 E PEGASUS Drive, Tempe, AZ 85283 is a 4 bedroom, 2 bathroom, 1,953 sqft single-family home in Optimist Park SW, built in 1973. It last sold for $480,000 on Jan 9, 2026 (5% above the $455,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $682,900, with a rent estimate of $2,855/month.
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.

Home Details for 1948 E PEGASUS Drive

Interior Features

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

Exterior Features

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

Days on Market

Cumulative Days on Market: 6

Property Information

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

Price & Status

Price
List Price: $455,000Price Per Sqft: $246/sqft
Status Change & Dates
Off Market Date: Tue Dec 30 2025Possession Timing: Close Of Escrow

Active Status

MLS Status: Closed

Location

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

Building

Building Area
Building Area: 1953 Square Feet

Community

Community Features: Near Bus Stop

HOA

HOA Fee Includes: No FeesNo HOA

Lot Information

Lot Area: 0.46 acres

Offer

Listing Terms: Cash, Conventional, FHA, VA Loan

Business

Business Information
Ownership: Fee Simple

Miscellaneous

Mls Number: 6958568

Additional Information

Near Bus Stop

Price and Tax history

DateEventPrice
Jan 9, 2026
Source: ARMLS #6958568
Sold
$480,000
Dec 30, 2025
Source: ARMLS #6958568
Pending
$455,000
Dec 24, 2025
Source: ARMLS #6958568
Listed For Sale
$455,000

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

Neighborhood Overview

Optimist Park SW
See Local Highlights
Neighborhood stats provided by third party data sources.

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.
  • 480bbello
    "extremely safe area in Tempe, amazing place to live and raise kids at. fantastic public school system 👍"
    0
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Frequently asked questions about 1948 E PEGASUS Drive

  • What is 1948 E PEGASUS Drive estimated to be worth?
    Trulia's estimated value for 1948 E PEGASUS Drive in Tempe, AZ is $682,900.
  • What is the price history for 1948 E PEGASUS Drive?
    1948 E PEGASUS Drive in Tempe, AZ last sold for $480,000 in January 2026.
  • 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 1948 E PEGASUS Drive have air conditioning?
    Yes, 1948 E PEGASUS Drive in Tempe, AZ has air conditioning.
  • How big is the lot at 1948 E PEGASUS Drive?
    The lot at 1948 E PEGASUS Drive in Tempe, AZ is about 0.46 acres (19,990 sq ft).

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