$7,361 Closing Credit¹
#6832072, Jessica D Noble, Austin T. Rowland, Listing Office: Long Realty Old Town
$595,000 List price
1427 S Terrace Rd Tempe, AZ 85281
$7,066
Closing credit¹
3 beds
4 baths
1,685 sqft
0.07 acres
$353 / sqft
House
Property details
About 1427 S Terrace Rd
This spacious and beautiful 3-bedroom home in Tempe is an exceptional investment opportunity. Located just a 1/4 mile from ASU and close to the light rail. Currently leased at $2,795/month through July 31, 2025, it offers immediate rental income and long-term potential. Inside, you'll find tile flooring throughout the main areas and plush carpeting in all bedrooms. Each generously sized bedroom includes a private en-suite bathroom and a walk-in closet! The modern kitchen features sleek cabinetry, matching appliances, granite countertops, and pantry for extra storage. Step outside to a covered patio and a low-maintenance backyard—ideal for relaxing or entertaining. The home also sides to a community greenbelt, offering added privacy and a peaceful setting.
Highlights
Home typeSingle Family Residence
HeatingNatural Gas
StatusActive
CoolingCentral Air, Ceiling Fan(s)
Size1,685 sqft
Lot size0.07 Acres
Year built2012
ParkingGarage Door Opener, Direct Access
MLS #6848532
Garage1 space
Summary
- MLS Number: 6848532
- MLS Name: Arizona Regional Multiple Listing Service 2
- Office Name: Urban and Company
- Office Email: fady@urbanandcompany.com
- Listing Agent: Fady Abuhmaidan
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2025 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/16/2025, 12:55:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$595,000
1427 S Terrace Rd
$7,066
closing credit¹
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Seller rebate
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 07, 2012 | Home Sold | $253,827 |
| Jul 14, 2010 | Home Sold | $87,001 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $44,470 | $2,924 |
| 2023 | $40,950 | $2,805 |
| 2022 | $32,020 | $2,824 |
| 2020 | $29,480 | $2,738 |
| 2019 | $27,860 | $2,620 |
| 2017 | $27,180 | $2,542 |
History based on county public records data.
Nearby schools
6
Broadmor Elementary School
Public District KG-5
0.9 mi
•311 E Aepli Dr
3
Curry Elementary School
Public District KG-5
1.3 mi
•1974 E Meadow Dr
6
Hudson Elementary School
Public District KG-5
1.5 mi
•1325 E Malibu Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $23,929. The most common annual income of people living in Tempe, AZ is less than $<35k. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
57%
<35k
40%
35k-100k
2%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
77%
Single, No Kids
8%
Single, with Kids
8%
Married, No Kids
7%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
8%
<11 yrs old
4%
12-17 yrs old
65%
18-34 yrs old
21%
35-64 yrs old
2%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Ross Dress For Less
Where do the neighbors go to eat?
Boston Market
Popeyes
White Castle
What do the neighbors drive?
Honda
Nissan
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1427 S Terrace Rd
This home is located at 1427 S Terrace Rd in Tempe, AZ and zip code 85281 in the Newberry Terrace neighborhood. This 1,685 square foot home, which was built in 2012, sits on a 0.07 acre lot. Features: 3 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 9, 2025 and is currently priced at $595,000.
While more than 10 listings in Tempe, AZ in March 2025 were sold above asking price, there were more than 24 listings sold at asking price, and more than 60 were sold below. The inventory of homes for sale in Tempe, AZ between February and March 2025 increased by 11.1%. The median list price of listings available in March 2025 was $485,933, while the average time on the real estate market was 56 days.
From Rocket Homes Real Estate and based on county public records data.