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$674,000 -$18,900 (-2.73%) Price Reduced

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 2 Full Baths
  • 0.26 Acres
  • 1 Car Garage
  • Updated 1 day ago
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Premier ASU Investment Opportunity! Fully renovated and move-in ready, this rare property sits on an oversized 11,000+ sq. ft. lot just minutes from Arizona State University. Ideal as a high-demand student rental, owner-occupied investment, or long-term hold. The expansive lot offers future value-add potential, including the possibility of an ADU, casita, or other improvements (buyer to verify with the City of Tempe). Conveniently located near ASU, Tempe Marketplace, Downtown Tempe, Loop 202, and Sky Harbor Airport. A unique opportunity to own a turnkey property with immediate rental appeal and long-term upside in one of Tempe's most desirable locations.

Full Property Details for 111 E Bonita Way

General

  • Price: $674,000
  • Taxes: $1,683 (2025)
  • Status: Active
  • Type: Single Family
  • Source: ARMLS_Arizona_MLS_Phoenix_Area
  • MLS ID: 7017678
  • Updated: 7/20/2026
  • Added to Site: 93 day(s) ago

Interior

  • Interior Features: High Speed Internet, Breakfast Bar, No Interior Steps, Laminate Counters
  • Appliances: Refrigerator, Disposal, Electric Cooktop, Built-In Electric Oven
  • Flooring: Carpet, Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Laundry: Inside, Gas Dryer Hookup

Exterior

  • Exterior Features: Screened in Patio(s)

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Parking Features: Detached Garage, Detached

Location

  • County: Maricopa
  • Township: 1N
  • Subdivision: UNIVERSITY ESTATES
  • Cross Streets: S Mill Ave and Broadway Rd

Community

  • Assoc. Fees Include: No Fees

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Electric

Utilities

  • Water: City Water

Structural Information

  • Architectural Style: Ranch,
  • Exterior Const.: Painted, Slump Block
  • Roof: Composition
  • Sq. Ft. Source: Assessor
  • Year Built: 1951

Lot Features

  • Lot Size (Acres): 0.26
  • Lot Size (Sq. Ft.): 11,273
  • Lot Size Source: Assessor
  • Lot Features: North/South Exposure, Grass Front, Grass Back

Financial Considerations

  • Tax Amount: $1,683
  • Tax Year: 2025
  • Terms: Cash, Conventional, VA Loan

Disclosures and Reports

  • Ownership: Fee Simple
  • Legal Description: UNIVERSITY ESTATES
  • Property ID: 133-16-104
  • Range: 4E
  • Section: 22
  • Lot Number: 25

Listed by eXp Realty

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Listing agent

— 111 E Bonita Way —

  • eXp Realty

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 111 E Bonita Way

School Districts:Tempe School District, Tempe Union High School District
NameGradesDistance
Broadmor Elementary School
311 East Aepli Drive, Tempe, AZ 85282
K-50.3 mi
Connolly Middle School
2002 East Concorda Drive, Tempe, AZ 85282
6-82.2 mi
Tempe High School
1730 S Mill Ave, Tempe, AZ 85281
9-120.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 111 E Bonita Way Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/20/2026
Price Reduced
$674,000
-2.73%
MLS
6/10/2026
Price Reduced
$692,900
-1.01%
MLS
5/06/2026
Price Reduced
$700,000
-3.45%
MLS
4/22/2026
Listed
$725,000
37.57%
MLS
1/29/2026
Sold
$527,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 111 E Bonita Way

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,683
—
$16,954
-27%
2025
$1,683
-1%
$23,350
100%
2023
$1,703
—
-100%
2022
$1,708
—
$44,810
35%
2022
$1,708
-7%
$33,300
7%
2021
$1,828
-2%
$31,130
9%
2020
$1,856
3%
$28,530
22%
2019
$1,800
12%
$23,350
—
2018
$1,601
8%
$23,350
—
2017
$1,486
-3%
$23,350
—
2016
$1,533
-27%
$23,350
—
2015
$2,108
114%
$23,350
123%
2014
$987
-5%
$10,450
—
2013
$1,042
—
$10,450
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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111 E Bonita Way, Tempe, AZ 85281 (MLS# 7017678) is a Single Family property with 4 bedrooms and 2 full bathrooms. 111 E Bonita Way is currently listed for $674,000 and was received on April 22, 2026. Want to learn more about 111 E Bonita Way? Do you have questions about finding other Single Family real estate for sale in Tempe? You can browse all Tempe real estate or contact a Coldwell Banker agent to request more information.

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