1971 E PEGASUS Drive, Tempe, AZ 85283
FOR SALE

1971 E PEGASUS Drive
Tempe, AZ 85283

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

$577,000

Est. Mortgage $3,132/mo*

$577,000

Est. Mortgage $3,132/mo*
4 Beds
2 Baths
1,953 sqft
We estimate this home will sell faster than 95% nearby.

Local Information

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

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.
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

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: 17Days on Market: 20

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 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
Buyer'sMarketSeller'sMarket
Avg. sale price
$458K
$7K
MoM
Sale-to-List Price
98.3%
Price per sq ft
$289
$1
MoM
Available listings
535
14
MoM

Price History for 1971 E PEGASUS Drive

DatePriceEventSource
06/11/2026$577,000Listed For SaleARMLS #7028024

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Property Tax and Assessment

Year2025
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.
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Assigned Schools

These are the assigned schools for 1971 E PEGASUS Drive.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

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

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.