40 E Balboa Dr, Tempe, AZ 85282
Property image
Property image
OFF MARKET

40 E Balboa Dr
Tempe, AZ 85282

MACH 8
  • 4 Beds
  • 2 Baths
  • 2,569 sqft (on 0.33 acres)

$655,500

Trulia Estimate
as of Aug 8, 2026
Est. Refi. Payment $3,662/mo*
Refinance Your Home

$655,500

Trulia Estimate
as of Aug 8, 2026
Est. Refi. Payment $3,662/mo*
Refinance Your Home
4 Beds
2 Baths
2,569 sqft
(on 0.33 acres)

Local Information

  • Map ViewExplore the area around 40 E Balboa Dr.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1960
Lot Size
0.33 acres
Living Area
2,569 sqft
Price/Sqft
$255

About this House

This home has 4 bedrooms, 2 bathrooms. The fully equipped kitchen includes maple wood cabinets, spacious quartz counter tops and stainless steel appliances. The home features wood and tile floors, fireplace in the family room, new 2'' window blinds throughout the main part of the home and an arcadia room with AC for entertaining with lots of cabinet space. Spacious backyard with RV Gate. *Landscaping included with the rent. No HOA. Walk or bike to downtown Tempe/ASU campus, shops and restaurants.

Tempe has a 1.8% Rental Tax, NO PETS ALLOWED, Renter verify all info.
Qualifications; Earn 3X the rent, 1 year minimum employment, same job. No Evictions last 5 years. NO LANDLORD DEBT. Good Credit.
Rent $2400 plus 1.8% Rental Tax, Refundable Security Deposit $2400, Refundable Cleaning Deposit $300, Administration Fee $180, Application fee for 1-2 Adults $75.
Melissa A.
Lux Home Realty
Equal Housing Opportunity

Please read description for the breakdown of fees/deposits, no smoking allowed, no waterbeds, Landscaping is included in the rent, Utilities NOT included in rent,
Utilities needed for the property: water/sewer/trash, gas, electric
12 month lease term
40 E Balboa Dr, Tempe, AZ 85282 is a 4 bedroom, 2 bathroom, 2,569 sqft single-family home in MACH 8, built in 1960. It last sold for $379,000 on Oct 31, 2016 (15,692% above the $2,400 asking price). More recently, it was listed as a rental in October 2025 with an asking price of $2,400 per month. That rental listing was removed on January 7, 2026. It is currently off market. The Trulia Estimate is $655,500, with a rent estimate of $3,410/month.

Home Details for 40 E Balboa Dr

Interior Features

Heating & Cooling
Heating: Forced AirAir ConditioningCooling System: Central AirHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 1Floors: Hardwood, Tile
Appliances & Utilities
DishwasherDryerMicrowaveRefrigeratorWasher

Property Information

Year Built
Year Built: 1960
Property Type / Style
Property Type: Single Family Home

Rental Terms, Policies & Fees

Lease Term: 1 YearAvailable: now

Exterior Features

Parking & Garage
Parking: Off Street Parking, On Site

Lot Information

Lot Area: 0.33 acres

Price History for 40 E Balboa Dr

DatePriceEventSource
01/07/2026$2,400ListingRemovedARMLS #6932753
10/13/2025$2,400Listed For RentARMLS #6932753
01/16/2025$650,000ListingRemovedARMLS #6785897
11/24/2024$2,400ListingRemovedZillow Rentals
11/19/2024$650,000Listed For SaleARMLS #6785897
11/07/2024$2,400PriceChange
Zillow Rentals
11/01/2024$2,500PriceChange
Zillow Rentals
10/08/2024$2,600PriceChange
Zillow Rentals
09/30/2024$2,650PriceChange
Zillow Rentals
09/19/2024$2,700PriceChange
Zillow Rentals
09/07/2024$2,900Listed For RentZillow Rentals
08/08/2024ListingRemovedZillow Rentals
08/03/2024$2,900PriceChange
Zillow Rentals
08/01/2024$3,250Listed For RentZillow Rentals
07/31/2024$675,000ListingRemovedARMLS #6727872
07/06/2024$675,000Listed For SaleARMLS #6727872
05/29/2024ListingRemovedZillow Rentals
05/20/2024$3,250PriceChange
Zillow Rentals
05/17/2024$3,300Listed For RentZillow Rentals
03/24/2022ListingRemovedZillow Rental Manager
03/11/2022$2,400Listed For RentZillow Rental Manager
10/31/2016$379,000Sold
N/A
08/30/2016$230,000Sold
N/A

Market trends in Tempe

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

Year2025
Tax$2,497
Assessment$470,600
Home facts updated by county records

Comparable Sales for 40 E Balboa Dr

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
30 W DEL RIO Circle, Tempe, AZ
0.16
Single-Family Home
$545,000
02/13/26
4
3
2,209
124 E CAIRO Drive, Tempe, AZ
0.07
Single-Family Home
$425,000
02/04/26
3
2
1,416
108 W ALAMEDA Drive, Tempe, AZ
0.25
Single-Family Home
$395,000
10/23/25
3
2
1,496
3 E ERIE Drive, Tempe, AZ
0.20
Single-Family Home
$528,500
04/08/26
4
2
1,724
17 E CAIRO Drive, Tempe, AZ
0.10
Single-Family Home
$522,000
03/11/26
3
2
1,676
223 E CONCORDA Drive, Tempe, AZ
0.27
Single-Family Home
$635,000
05/08/26
3
2
2,065
308 E BALBOA Drive, Tempe, AZ
0.20
Single-Family Home
$425,000
04/17/26
3
2
1,680
2518 S FOREST Avenue, Tempe, AZ
0.15
Single-Family Home
$789,500
09/22/25
3
3
2,660
133 E ALAMEDA Drive, Tempe, AZ
0.05
Single-Family Home
$580,000
06/16/26
3
2.5
1,489
412 E LOYOLA Drive, Tempe, AZ
0.33
Single-Family Home
$746,500
07/27/26
4
2
2,144

Nearby homes

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Assigned Schools

These are the assigned schools for 40 E Balboa Dr.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

MACH 8
See Local Highlights
Neighborhood stats provided by third party data sources.

LGBTQ Local Legal Protections

Apartments for Rent

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Explore by feature - Pet Friendly

499 pet-friendly rentals in Tempe, AZ

Explore by feature - Garage

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Explore by feature - Air Conditioning

690 rentals with air conditioning in Tempe, AZ

Explore by feature - Pool

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Explore by feature - Washer/dryer

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Explore by feature - Outdoor Space

267 rentals with an outdoor space in Tempe, AZ

Homes for sale near 40 E Balboa Dr

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Off Market Homes Near 40 E Balboa Dr

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Frequently asked questions about 40 E Balboa Dr

  • What is 40 E Balboa Dr estimated to be worth?
    Trulia's estimated value for 40 E Balboa Dr in Tempe, AZ is $655,500.
  • What is the price history for 40 E Balboa Dr?
    40 E Balboa Dr in Tempe, AZ last sold for $379,000 in October 2016.
  • 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 40 E Balboa Dr have air conditioning?
    Yes, 40 E Balboa Dr in Tempe, AZ has air conditioning.
  • Does 40 E Balboa Dr have laundry facilities?
    Yes, 40 E Balboa Dr in Tempe, AZ has in-unit laundry.