$350,000
SOLD MAR 3, 2025

48 W Thomas Ln Unit 1 Tempe, AZ 85281

Maple Ash Neighborhood
0.18 Acre
$1,944,444 Price per Acre
6,957 Sq Ft Lot

Recently Sold

7 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • 4-minute walk to Birchett Park

About This Lot

As of March 2025

Walking distance to ASU and nearby hospital and business, this is a fantastic opportunity to develop a multi-family property or dream home. North south exposure, corner lot, quiet street, this lot has a ton of potential. AZ House Bill 2721 provides allowances to build mult family residential on land previously zones residential. Cities must have ordinances in place by 1/1/26.

Last Agent to Sell the Property

Trina Jonas

Real Broker License #SA674886000

Real Broker

Last Buyer's Agent

Lenny Behie

Realty Executives License #SA646088000

Realty Executives

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,631

Lot Details

  • 6,957 Sq Ft Lot
  • Chain Link Fence
  • Corner Lot
  • Level Lot
  • Property is zoned R-2

Eco-Friendly Details

  • North or South Exposure

Schools

  • Holdeman Elementary School
  • Geneva Epps Mosley Middle School
  • Tempe High School

Community Details

  • No Home Owners Association
  • College View Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 133-18-022-B

Property Details

Property Type

Land

Est. Annual Taxes

$2,631

Lot Details

0

Listing Details

  • Cross Street: Mill Ave & Broadway Rd
  • Property Type: Land
  • Development Status: Raw Land
  • Topography: Level
  • Zoning: R-2
  • Tax Year: 2024
  • Directions: Head north on S Mill Ave, Turn left onto W Thomas Ln. The property will be on the right.
  • Horses: No
  • Lot Size Acres: 0.18
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: College View
  • Tax Parcel Letter: B
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Single Family, Multi-Family

Exterior Features

  • Fencing: Chain Link
  • Lot Features: Corner Lot, North/South Exp
  • Disclosures: None
  • Other Structures: None

Utilities

  • Electric: APS
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Holdeman Elementary School
  • High School: Tempe High School
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Geneva Epps Mosley Middle School

Lot Info

  • Lot Size: 62.5X125
  • Lot Size Sq Ft: 6957.0
  • Additional Parcels: No
  • Parcel #: 133-18-022-B
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2631.0
  • Tax Book Number: 133.00
  • Tax Lot: 1
  • Tax Map Number: 18.00

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2025 03/03/25 Sold $350,000 0.0% --
01/18/2025 01/18/25 Pending -- -- --
01/11/2025 01/11/25 For Sale $350,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Similar Property in Tempe, AZ

  • 1061 W 5th St Unit 3, Tempe, AZ 85281

    $325,000

    • Land
    • 0.24 Acre
    • $1,354,167 per Acre
    • 1061 W 5th St
    • Unit 3
    • Tempe, AZ

    This project is for sale and includes all 4 lots plus approved plans for 3 homes. You could also do 2 larger homes, 3 duplexes, or use your imagination for student housing or executive homes. The other 3 APN's are 124-36-188, 124-36-189, and 124-36-191. All 4 lots total 0.24 AC and are being sold together with the plans. Parents are selling this land after son moved out of state. There is a

    Kate Rose Kate Rose Realty

    Section Image

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6803583

Arizona Regional Multiple Listing Service (ARMLS)