1427 S Terrace, Tempe, AZ 85281 - Photo 1

1/1

$533,000

Sold
Closed
Single Family
3 Beds
4 Total Baths
0.07 Acres
1 Car Garage

1/1

Property Description

Spacious 3-Bedroom 3.5-Bath Home Near ASU - Prime Investment Opportunity! Welcome to this beautifully maintained 3-bedroom, 3.5-bathroom home located just 1/4 mile from ASU and within close proximity to the light rail - an ideal location for students, professionals, or savvy investors. Inside, the home boasts tile flooring in the main living areas and plush carpeting in each bedroom for added comfort. Each generously sized bedroom offers the privacy of its own ensuite bathroom and features a walk-in closet perfect for roommates or guests. The modern kitchen features sleek cabinetry, granite countertops, and a pantry for extra storage. Step outside to enjoy a covered patio and a low-maintenance backyard, ideal for relaxing or entertaining.... The property also borders a peaceful community greenbelt, providing added privacy and a serene outdoor setting. Don't miss this rare opportunity to own a well-appointed home in one of Tempe's most desirable and convenient locations!

Full Property Details

Full Property Details for 1427 S Terrace

General

Sold For: $533,000
HOA FEE: $99/month
Taxes: $2,960 (2024)
Status: Closed
Type: Single Family
Source: ARMLS_Arizona_MLS_Phoenix_Area
MLS ID: 6892320
Added to Site: 161 day(s) ago

Interior

Interior Features: High Speed Internet, Granite Counters, Upstairs, 9+ Flat Ceilings, Full Bth Master Bdrm
Flooring: Carpet, Tile

Rooms

Bathrooms

Total Bathrooms: 4

Bedrooms

Total Bedrooms: 3

Parking

Garage: Yes
Garage Spaces: 1
Parking Features: Garage Door Opener, Direct Access

Location

County: Maricopa
Township: 1N
Subdivision: NEWBERRY TERRACE 2
Cross Streets: APACHE AND RURAL

Community

Association: Yes
Assoc. Name: Newberry Terrace
Assoc. Fees Include: Maintenance Grounds, Front Yard Maint

Heating & Cooling

Central air: Yes
Air Conditioning: Yes
Cooling Type: Central Air, Ceiling Fan(s)
Heating Type: Natural Gas

Utilities

Water: City Water

Structural Information

Architectural Style: Other,
Builder: Uknown
Exterior Const.: Stucco, Wood Frame
Roof: Tile
Windows: Dual Pane
Sq. Ft. Source: Assessor
Year Built: 2012

Lot Features

Lot Size (Acres): 0.07
Lot Size (Sq. Ft.): 3,153
Lot Size Source: Assessor
Lot Features: Desert Back, Desert Front
Fencing (Description): Block

Financial Considerations

Association Fee: $99
Assoc Fee Freq.: Monthly
Tax Amount: $2,960
Tax Year: 2024
Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

Ownership: Fee Simple
Legal Description: LOT 1 NEWBERRY TERRACE 2 MCR 109747
Property ID: 133-09-811
Range: 4E
Section: 23
Lot Number: 1

Listed by Urban and Company
Sold by My Home Group Real Estate

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— 1427 S Terrace —

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Price & Sales History for 1427 S Terrace

Date

Details

Price

Change

Source

10/08/2025

Sold

$533,000

-2.18%

MLS

9/11/2025

Price Reduced

$544,900

-0.91%

MLS

8/08/2025

Listed

$549,900

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1427 S Terrace, Tempe, AZ 85281 (MLS# 6892320) is a Single Family property that was sold at $533,000 on October 08, 2025. Want to learn more about 1427 S Terrace? 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.

1427 S Terrace Tempe, AZ 85281