1971 E PEGASUS Drive, Tempe, AZ 85283
Property image
Property image
FOR SALE

1971 E PEGASUS Drive
Tempe, AZ 85283

Optimist Park SW
  • 4 Beds
  • 2 Baths
  • 1,953 sqft

$577,000

Est. Mortgage $3,232/mo*

$577,000

Est. Mortgage $3,232/mo*
4 Beds
2 Baths
1,953 sqft
We estimate this home will sell faster than 93% nearby.

Home Highlights

Parking
Garage
Outdoor
Pool
Climate Control
Heating & Cooling
Price/Sqft
$295
Listed
65 days ago

Local Information

  • Map ViewExplore the area around 1971 E PEGASUS Drive.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

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.
We estimate this home will sell faster than 93% nearby.

Home Details for 1971 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: 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

Exterior Features

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

Days on Market

Cumulative Days on Market: 61Days on Market: 65

Property Information

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

Price & Status

Price
List Price: $577,000Price Per Sqft: $295
Status Change & Dates
Possession Timing: Close Of Escrow

Active Status

MLS Status: Active

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

Agent Information

Listing Agent
Listing ID: 7028024

Building

Building Area
Building Area: 1953 Square Feet

HOA

HOA Fee Includes: No FeesNo HOA

Lot Information

Lot Area: 8856 sqft

Offer

Listing Terms: Cash, Conventional, VA Loan

Business

Business Information
Ownership: Fee Simple

Miscellaneous

Mls Number: 7028024
Last check for updates: about 4 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 July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$463K
$1.67K
MoM
Sale-to-List Price
98.3%
0.1%
MoM
Price per sq ft
$289
$3
MoM
Available listings
571
21
MoM

Price and Tax history

DateEventPrice
Jun 11, 2026
Source: ARMLS #7028024
Listed For Sale
$577,000

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Home Value

Trulia Estimate
$564K
Since last month
Decreased$8K (-1.5%)
Since last year
Increased$53K (+10.5%)
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 +98% in the last 10 years
MonthEstimated value
2026
August 2026$561K
July 2026$563K
June 2026$570K
May 2026$572K
April 2026$513K
March 2026$511K
February 2026$517K
January 2026$502K
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
0.19
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
0.15
Single-Family Home
$650,000
07/29/26
3
2
2,132
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 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
0.07
$430,800
4
2
1,819
Off Market
0.07
$480,000
4
2
1,953
Recently Sold
0.11
$448,900
4
2
1,224
Off Market
0.10
$659,000
4
3.5
2,360
For Sale
0.12
$546,200
4
2
1,746
Off Market
0.11
$732,500
3
2
2,523
Recently Sold
0.16
$639,000
4
2
2,076
For Sale
0.14
$630,000
3
2
1,954
For Sale
0.17
$775,000
4
2
2,434
For Sale
0.15
$435,500
3
2
1,564
Off Market
0.13
$700,200
4
2
2,356
Off Market

Neighborhood Overview

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 👍"

LGBTQ Local Legal Protections

Frequently asked questions about 1971 E PEGASUS Drive

  • What is the estimated monthly payment for 1971 E PEGASUS Drive?
    Based on a $577,000 list price with 20% down at today's rates, the estimated monthly payment for 1971 E PEGASUS Drive in Tempe, AZ is approximately $3,301 (about $3,029 principal & interest, $197 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 1971 E PEGASUS Drive compare to homes in Tempe?
    1971 E PEGASUS Drive in Tempe, AZ is listed at $577,000, about 25% above the $463K median sale price in Tempe.
  • What do residents say about the Optimist Park SW neighborhood?
    Residents describe the Optimist Park SW neighborhood in Tempe, AZ as dog-friendly, easy to park in, and walkable to grocery stores. See homes for sale in Optimist Park SW, Tempe.
  • What are the closest schools to 1971 E PEGASUS Drive?
    The closest schools to 1971 E PEGASUS Drive in Tempe, AZ are Fees College Preparatory Middle School (rated 2/10), Fuller Elementary School (rated 7/10), Marcos De Niza High School (rated 5/10).
  • Does 1971 E PEGASUS Drive have air conditioning?
    Yes, 1971 E PEGASUS Drive in Tempe, AZ has air conditioning.
  • Does 1971 E PEGASUS Drive have a pool?
    Yes, 1971 E PEGASUS Drive in Tempe, AZ has a pool.
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.