1971 E PEGASUS Drive
Tempe, AZ 85283
Optimist Park SW- 4 Beds
- 2 Baths
- 1,953 sqft
4 Beds
2 Baths
1,953 sqft
We estimate this home will sell faster than 95% nearby.
Local Information
-- mins to
Description
Located in a peaceful pocket of Tempe, this beautifully updated 4-bedroom, 2-bath home offers the perfect blend of modern upgrades, comfort, and convenience. Featuring durable block construction and a high block wall for added backyard privacy, this home has been thoughtfully renovated throughout.
Step inside to find newer paint, upgraded baseboards, Venetian bronze hardware, recessed lighting, and new fan/light fixtures throughout. The popcorn ceilings have been removed, and stylish vinyl plank flooring flows seamlessly through the entire home. The spacious living area is highlighted by a cozy wood-burning fireplace, creating the perfect space to relax or entertain.
The upgraded kitchen features quartz countertops, newer shaker-style cabinetry, stainless steel appliances, an undermount stainless kitchen sink, and modern finishes designed for both style and functionality.
The spacious primary suite includes blackout blinds and private access to the backyard. The remodeled primary bathroom offers double undermount sinks, upgraded mirrors, stainless fixtures, neutral-toned shower tile, and tasteful modern finishes. The secondary bathroom has also been beautifully updated with double undermount sinks, hard surface counters, upgraded mirrors, a new vanity, new toilet, and a tub/shower combination.
Enjoy Arizona living in the backyard oasis featuring a diving pebble-tech swimming pool, covered patio, low-maintenance desert landscaping, and a extra storage shed. Additional upgrades include vinyl-frame dual-pane windows throughout, a new roof, new 4-ton Trane air conditioning unit, security closet, utility sink in the garage, electric garage door opener, new garage door, and garage side door.
Ideally located minutes from top-rated schools, shopping, dining, and major freeways including the 101 and US-60, with easy access to ASU, Downtown Tempe, and Sky Harbor Airport--this home truly puts everything you need right at your doorstep.
Step inside to find newer paint, upgraded baseboards, Venetian bronze hardware, recessed lighting, and new fan/light fixtures throughout. The popcorn ceilings have been removed, and stylish vinyl plank flooring flows seamlessly through the entire home. The spacious living area is highlighted by a cozy wood-burning fireplace, creating the perfect space to relax or entertain.
The upgraded kitchen features quartz countertops, newer shaker-style cabinetry, stainless steel appliances, an undermount stainless kitchen sink, and modern finishes designed for both style and functionality.
The spacious primary suite includes blackout blinds and private access to the backyard. The remodeled primary bathroom offers double undermount sinks, upgraded mirrors, stainless fixtures, neutral-toned shower tile, and tasteful modern finishes. The secondary bathroom has also been beautifully updated with double undermount sinks, hard surface counters, upgraded mirrors, a new vanity, new toilet, and a tub/shower combination.
Enjoy Arizona living in the backyard oasis featuring a diving pebble-tech swimming pool, covered patio, low-maintenance desert landscaping, and a extra storage shed. Additional upgrades include vinyl-frame dual-pane windows throughout, a new roof, new 4-ton Trane air conditioning unit, security closet, utility sink in the garage, electric garage door opener, new garage door, and garage side door.
Ideally located minutes from top-rated schools, shopping, dining, and major freeways including the 101 and US-60, with easy access to ASU, Downtown Tempe, and Sky Harbor Airport--this home truly puts everything you need right at your doorstep.
We estimate this home will sell faster than 95% nearby.
Home Highlights
Parking
Garage
Outdoor
Pool
A/C
Heating & Cooling
HOA
None
Price/Sqft
$295
Listed
20 days ago
Home Details for 1971 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: Dryer, Washer, Refrigerator, Dishwasher, Disposal, Electric Range, Electric Oven, Electric CooktopDishwasherDisposalDryerRefrigeratorWasher |
Heating & Cooling Heating: ElectricHas CoolingAir Conditioning: Central Air,Ceiling Fan(s)Has HeatingHeating Fuel: Electric |
Fireplace & Spa Number of Fireplaces: 1Fireplace: Wood Burning, Family RoomSpa: NoneHas a Fireplace |
Windows, Doors, Floors & Walls Window: Double Pane Windows, Vinyl FrameFlooring: Vinyl |
Levels, Entrance, & Accessibility Stories: 1Number of Stories: 1Floors: Vinyl |
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Exterior Home Features Roof: CompositionPatio / Porch: CoveredFencing: Back Yard, BlockOther Structures: Shed(s), GazeboExterior: StorageFoundation: SlabHas a Private Pool |
Parking & Garage Number of Garage Spaces: 2Number of Covered Spaces: 2Open Parking Spaces: 2No CarportHas a GarageHas Open ParkingParking Spaces: 4Parking: Garage Door Opener |
Pool Pool: Outdoor Pool, Diving PoolPool |
Frontage Responsible for Road Maintenance: City Maintained RoadRoad Surface Type: AsphaltNot on Waterfront |
Water & Sewer Sewer: Public Sewer |
Farm & Range Not Allowed to Raise Horses |
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Cumulative Days on Market: 17Days on Market: 20 |
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Year Built Year Built: 1973 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Ranch |
Building Construction Materials: Painted, BrickNot Attached Property |
Property Information Parcel Number: 30101468 |
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Price List Price: $577,000Price Per Sqft: $295 |
Status Change & Dates Possession Timing: Close Of Escrow |
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MLS Status: Active |
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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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Listing Agent Listing ID: 7028024 |
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Building Area Building Area: 1953 Square Feet |
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HOA Fee Includes: No FeesNo HOA |
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Lot Area: 8856 sqft |
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Listing Terms: Cash, Conventional, VA Loan |
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Business Information Ownership: Fee Simple |
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Mls Number: 7028024 |
Last check for updates: about 3 hours ago
Listing courtesy of Vincent Fumusa, (480) 330-9000
HomeSmart
Source: ARMLS, MLS#7028024

Also Listed on ARMLS.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Market trends in Tempe
Last updated May 2026
Avg. sale price
$458K
$7KMoM
Sale-to-List Price
98.3%
Price per sq ft
$289
$1MoM
Available listings
535
14MoM
Price History for 1971 E PEGASUS Drive
| Date | Price | Event | Source |
|---|---|---|---|
| 06/11/2026 | $577,000 | Listed For Sale | ARMLS #7028024 |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $2,413 |
| Assessment | $413,200 |
Home facts updated by county records
Comparable Sales for 1971 E PEGASUS Drive
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.19 | Single-Family Home | $720,000 | 10/28/25 | 4 | 2 | 2,132 | |
0.20 | Single-Family Home | $480,000 | 05/29/26 | 4 | 2 | 1,746 | |
0.07 | Single-Family Home | $480,000 | 01/09/26 | 4 | 2 | 1,953 | |
0.22 | Single-Family Home | $530,000 | 08/13/25 | 4 | 2 | 1,691 | |
0.11 | Single-Family Home | $732,500 | 02/13/26 | 3 | 2 | 2,523 | |
0.21 | Single-Family Home | $465,000 | 11/12/25 | 3 | 2 | 1,581 | |
0.29 | Single-Family Home | $600,000 | 12/31/25 | 3 | 2 | 2,132 | |
0.26 | Single-Family Home | $655,000 | 06/18/26 | 3 | 2 | 2,253 | |
0.45 | Single-Family Home | $534,000 | 03/02/26 | 4 | 2 | 1,971 | |
0.38 | Single-Family Home | $740,000 | 03/06/26 | 5 | 2 | 2,025 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 1971 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.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Vincent Fumusa, HomeSmart
Agent Phone: (480) 330-9000

1971 E PEGASUS Drive, Tempe, AZ 85283 is a 4 bedroom, 2 bathroom, 1,953 sqft single-family home built in 1973. 1971 E PEGASUS Drive is located in Optimist Park SW, Tempe. This property is currently available for sale and was listed by ARMLS on May 14, 2026. The MLS # for this home is MLS# 7028024.

