4803 S Terrace Rd Tempe, AZ 85282
The Lakes Neighborhood
2
Beds
1
Bath
792
Sq Ft
$219/mo
HOA Fee
Highlights
- End Unit
- Heated Community Pool
- Eat-In Kitchen
- Corner Lot
- Covered patio or porch
- Refrigerated Cooling System
About This Home
As of February 2025Discover a highly desirable 2-bed, 1-bath end-unit townhome in the heart of Tempe—an exceptional investment opportunity offering both convenience and strong rental potential. Located near the US-60 freeway, and minutes from Arizona State University, Sky Harbor Airport, and a variety of shopping, dining, and entertainment options, this property is ideal for attracting long-term tenants.
Designed for comfort and efficiency, the home features a welcoming layout with a mix of tile and carpet (installed in 2021). The kitchen includes all appliances, and washer/dryer hookups add convenience. A new water heater installed in 2021 enhances the home's efficiency. A charming French door entry leads to an intimate backyard with a covered patio, perfect for relaxation or entertaining. The home also offers ample storage space and a two-car carport for added value.
Positioned in a well-maintained community, residents will enjoy a spacious greenbelt right outside the front door and a sparkling pool just steps away. With its unbeatable location and investment-friendly features, this townhome presents a turnkey opportunity for both seasoned and first-time investors.
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $822
Year Built
- Built in 1972
Lot Details
- 1,451 Sq Ft Lot
- End Unit
- 1 Common Wall
- Block Wall Fence
- Grass Covered Lot
HOA Fees
- $219 Monthly HOA Fees
Home Design
- Fixer Upper
- Wood Frame Construction
- Composition Roof
- Siding
Interior Spaces
- 792 Sq Ft Home
- 1-Story Property
- Eat-In Kitchen
- Washer and Dryer Hookup
Flooring
- Floors Updated in 2022
- Carpet
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Parking
- 1 Carport Space
- Side or Rear Entrance to Parking
- Assigned Parking
- Community Parking Structure
Outdoor Features
- Covered patio or porch
- Outdoor Storage
Schools
- Arredondo Elementary School
- Mckemy Academy Of International Studies Middle School
- Marcos De Niza High School
Utilities
- Refrigerated Cooling System
- Heating Available
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Tax Lot 56
- Assessor Parcel Number 133-38-269
Community Details
Overview
- Association fees include ground maintenance, front yard maint, trash, water
- Park Premiere Association, Phone Number (480) 759-4945
- Park Premiere Townhouses 1 Subdivision
Recreation
- Heated Community Pool
- Bike Trail
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/28/2025 02/28/25 | Sold | $216,770 | -16.6% | $274 / Sq Ft |
| 02/09/2025 02/09/25 | Pending | -- | -- | -- |
| 02/06/2025 02/06/25 | For Sale | $260,000 | 0.0% | $328 / Sq Ft |
| 12/31/2015 12/31/15 | Rented | $950 | +5.6% | -- |
| 12/30/2015 12/30/15 | Under Contract | -- | -- | -- |
| 12/23/2015 12/23/15 | For Rent | $900 | -- | -- |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $822 | $7,337 | -- | -- |
| 2024 | $812 | $6,988 | -- | -- |
| 2023 | $812 | $17,550 | $3,510 | $14,040 |
| 2022 | $779 | $13,730 | $2,740 | $10,990 |
| 2021 | $784 | $12,470 | $2,490 | $9,980 |
| 2020 | $760 | $10,980 | $2,190 | $8,790 |
| 2019 | $746 | $9,480 | $1,890 | $7,590 |
| 2018 | $728 | $8,550 | $1,710 | $6,840 |
| 2017 | $706 | $7,410 | $1,480 | $5,930 |
| 2016 | $701 | $6,480 | $1,290 | $5,190 |
| 2015 | $673 | $5,450 | $1,090 | $4,360 |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $180,000 | New Conventional | |
| Previous Owner | $132,000 | Purchase Money Mortgage | |
| Previous Owner | $103,500 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $86,600 | Unknown | |
| Previous Owner | $84,958 | FHA | |
| Previous Owner | $83,686 | FHA | |
| Previous Owner | $36,000 | New Conventional | |
| Previous Owner | $40,839 | FHA |
Source: Public Records
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $216,770 | First American Title Insurance | |
| Cash Sale Deed | $62,500 | Stewart Title & Trust Of Pho | |
| Trustee Deed | $85,000 | Security Title Agency | |
| Warranty Deed | -- | Westland Title Agency Of Az | |
| Interfamily Deed Transfer | -- | First American Title Ins Co | |
| Warranty Deed | $85,000 | Fidelity National Title | |
| Interfamily Deed Transfer | -- | Fidelity National Title | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | $57,000 | Chicago Title Insurance Co |
Source: Public Records
Similar Homes in the area
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6816263
APN: 133-38-269
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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