$10,000 Closing Credit¹
#6844430, Matthew Kochis, Emily A Neilson, Listing Office: Real Broker
#6851447·
Listing office: Berkshire Hathaway HomeServices Arizona Properties·
Listing agent: Robert Sullivan·
Listing office phone: 480-505-6300
$1,550,000 List price
725 E Encanto Dr Tempe, AZ 85281
$10,000
Closing credit¹
7 beds
7 baths
2,605 sqft
0.2 acres
$595 / sqft
House
Property details
About 725 E Encanto Dr
Incredible investor opportunity in the heart of Tempe—just ONE BLOCK from ASU Campus and a short walk to Mill Ave. This 7 BED, 7 BATH turn-key property requires NO TLC and is fully leased through July with strong cash flow. Owner is working on 12-month lease extensions to July 2026 as we speak. Parking for 6 cars in driveway. Located near Rural & Broadway with unbeatable access to shopping, restaurants, and essentials. Ideal for student housing with two new A/C units, separate water heaters, new roof, electrical, and plumbing—all permitted (see docs tab). Flexible options for the new owner to renew, re-lease, or reconfigure. Property has never been owner-occupied. 48-HOURS Notice to Show!
Highlights
Home typeSingle Family Residence
HeatingElectric
StatusActive
CoolingCentral Air
Size2,605 sqft
Lot size0.17 Acres
Year built1957
MLS #6851447
Fireplace1 Fireplace
Summary
- Flooring Type: Tile
- Interior: No Interior Steps, Vaulted Ceiling(s), Pantry, Full Bth Master Bdrm, High Speed Internet
- Fireplace: 1 Fireplace
- Total Bedroom Count: 7
- Private Pool: No
- Architectural Style: Ranch
- Heating: Electric
- Cooling: Central Air
- List Price: $1,550,000
- Price/SqFt: $595
- Annual Tax Amount: $3,205
- Tax Year: 2024
- Directions: 1. Turn right off Rural Rd onto E. Encanto Dr. 2. Turn off E. Broadway onto S Ventura Dr, then right onto E Encanto Dr.
- Year Built: 1957
- Stories: 1
- Living Area: 2,605 SqFt
- Lot Size: 0.17 Acres
- MLS Number: 6851447
- MLS Name: Arizona Regional Multiple Listing Service 2
- Office Name: Berkshire Hathaway HomeServices Arizona Properties
- Office Phone: (480) 505-6300
- Office Email: flb@forrestcan.com
- Listing Agent: Robert Sullivan
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: 5/2/2025, 12:55:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,550,000
725 E Encanto Dr
$10,000
closing credit¹
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Seller rebate
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 23, 2022 | Home Sold | $479,500 |
| Feb 06, 2007 | Home Sold | $291,735 |
| Aug 08, 2005 | Home Sold | $323,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $53,320 | $3,205 |
| 2023 | $50,720 | $3,557 |
| 2022 | $37,220 | $3,581 |
| 2020 | $34,120 | $3,472 |
| 2019 | $30,020 | $3,322 |
| 2017 | $26,080 | $3,223 |
History based on county public records data.
Nearby schools
6
Broadmor Elementary School
Public District KG-5
0.5 mi
•311 E Aepli Dr
6
Hudson Elementary School
Public District KG-5
1.4 mi
•1325 E Malibu Dr
3
Curry Elementary School
Public District KG-5
1.6 mi
•1974 E Meadow 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 $67,803. Most Tempe, AZ residents have annual incomes between $35k-100k. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
29%
<35k
43%
35k-100k
24%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
65%
Single, No Kids
9%
Single, with Kids
16%
Married, No Kids
10%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
7%
<11 yrs old
5%
12-17 yrs old
49%
18-34 yrs old
30%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Tennis
Pro Boxing
Hiking/backpacking
Where do the neighbors shop?
Crate & Barrel
H&M
Bloomingdales
Where do the neighbors go to eat?
Starbucks
Boston Market
The Cheesecake Factory
What do the neighbors drive?
BMW
Honda
Audi
What do the neighbors listen to?
News
Rhythmic Contemporary Hits- Alternative
All data provided by Home Junction and Claritas
Similar homes for sale
Frequently asked questions
About 725 E Encanto Dr
The listing price of 725 E Encanto Dr property is $1,550,000.
The property 725 E Encanto Dr is a house located in Tempe, Arizona, 85281.
Active Listing: 725 E Encanto Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 725 E Encanto Dr are: Broadmor Elementary School (GreatSchools Rating 6/10), Hudson Elementary School (GreatSchools Rating 6/10), Curry Elementary School (GreatSchools Rating 3/10), McKemy Academy of International Studies (GreatSchools Rating 6/10), Connolly Middle School (GreatSchools Rating 4/10), Gililland Middle School (GreatSchools Rating 2/10), International Commerce High School - Tempe (GreatSchools Rating 4/10), New School for the Arts (GreatSchools Rating 9/10), Tempe High School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2024 is $3,205 (source: MLS/based on county public records data).
The last sale was on September 23, 2022 for $479,500 (source: MLS/tax record).
The property at 725 E Encanto Dr has 7 bedrooms and 7 bathrooms.
The property 725 E Encanto Dr is 2,605 SqFt (source: MLS/tax record).
The year of construction for 725 E Encanto Dr is 1957.
This home is located at 725 E Encanto Dr in Tempe, AZ and zip code 85281 in the Daley Park neighborhood. This 2,605 square foot home, which was built in 1957, sits on a 0.17 acre lot. Features: 7 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since April 15, 2025 and is currently priced at $1,550,000.
While more than 22 listings in Tempe, AZ in April 2025 were sold above asking price, there were more than 29 listings sold at asking price, and more than 66 were sold below. Between March and April 2025, Tempe, AZ real estate market has seen increase in the number of listings by 14.6%. The median list price of listings available in April 2025 was $482,587, while the average time on the real estate market was 55 days.
From Rocket Homes Real Estate and based on county public records data.