1987 E  Pegasus Dr, Tempe, AZ 85283
OFF MARKET

1987 E Pegasus Dr
Tempe, AZ 85283

Optimist Park SW
  • Studio
  • 2 Baths
  • 1,746 sqft

$451,700

Trulia Estimate
as of Aug 9, 2026
Est. Refi. Payment $2,546/mo*

$451,700

Trulia Estimate
as of Aug 9, 2026
Est. Refi. Payment $2,546/mo*
Studio
2 Baths
1,746 sqft

Local Information

  • Map ViewExplore the area around 1987 E Pegasus Dr.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1973
Living Area
1,746 sqft
Price/Sqft
$259
Parking
Garage

About this House

This single-family home is located at 1987 E Pegasus Dr, Tempe, AZ. 1987 E Pegasus Dr is in the Optimist Park SW neighborhood in Tempe, AZ and in ZIP code 85283. This property has 2 bathrooms and approximately 1,746 sqft of floor space. This property has a lot size of 9021 sqft and was built in 1973.
1987 E Pegasus Dr, Tempe, AZ 85283 is a studio, 2 bathroom, 1,746 sqft single-family home in Optimist Park SW, built in 1973. It last sold for $80,000 on Mar 30, 1995. It is currently off market. The Trulia Estimate is $451,700, with a rent estimate of $2,504/month.

Home Details for 1987 E Pegasus Dr

Interior Features

Heating & Cooling
Heating: OtherAir ConditioningCooling System: RefrigeratorHeating Fuel: Other
Levels, Entrance, & Accessibility
Stories: 1
Interior Details
Number of Rooms: 8

Exterior Features

Exterior Home Features
Roof: AsphaltExterior: Cement ConcretePatio
Parking & Garage
GarageParking: Garage Attached

Property Information

Year Built
Year Built: 1973
Property Type / Style
Property Type: Single Family Home

Community

Units in Building: 1

Lot Information

Lot Area: 9021 sqft

Price History for 1987 E Pegasus Dr

DatePriceEventSource
03/30/1995$80,000Sold
N/A

Market trends in Tempe

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$463K
$5K
MoM
Sale-to-List Price
98.5%
0.1%
MoM
Price per sq ft
$291
$2
MoM
Available listings
550
13
MoM
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Property Tax and Assessment

Year2025
Tax$2,042
Assessment$369,300
Home facts updated by county records

Comparable Sales for 1987 E Pegasus Dr

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.19
Single-Family Home
$390,000
05/08/26
2
1,691
0.21
Single-Family Home
$480,000
05/29/26
4
2
1,746
0.20
Single-Family Home
$478,500
04/08/26
2
1,936
0.24
Single-Family Home
$465,000
11/12/25
3
2
1,581
0.12
Single-Family Home
$650,000
07/29/26
3
2
2,132
0.16
Single-Family Home
$720,000
10/28/25
4
2
2,132
0.22
Single-Family Home
$530,000
08/13/25
4
2
1,691
0.09
Single-Family Home
$732,500
02/13/26
3
2
2,523
0.09
Single-Family Home
$480,000
01/09/26
4
2
1,953
0.35
Single-Family Home
$420,000
02/27/26
3
2
1,564

Nearby homes

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Assigned Schools

These are the assigned schools for 1987 E Pegasus Dr.
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

Apartments for Rent

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Homes for sale near 1987 E Pegasus Dr

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Off Market Homes Near 1987 E Pegasus Dr

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Frequently asked questions about 1987 E Pegasus Dr

  • What is 1987 E Pegasus Dr estimated to be worth?
    Trulia's estimated value for 1987 E Pegasus Dr in Tempe, AZ is $451,700.
  • What is the price history for 1987 E Pegasus Dr?
    1987 E Pegasus Dr in Tempe, AZ last sold for $80,000 in March 1995.
  • Is Tempe a buyer's or seller's market?
    Tempe is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Tempe?
    The median sale price in Tempe is $463K. That is up $5K from the prior month.
  • Does 1987 E Pegasus Dr have air conditioning?
    Yes, 1987 E Pegasus Dr in Tempe, AZ has air conditioning.
  • How big is the lot at 1987 E Pegasus Dr?
    The lot at 1987 E Pegasus Dr in Tempe, AZ is about 0.21 acres (9,021 sq ft).