2025 E PEGASUS Drive, Tempe, AZ 85283, Tempe, 85283 - 4 bed, 2 bath
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2025 E PEGASUS Drive
Tempe, AZ 85283
ACTIVE
CONDITION: FAIR
4Beds
2Baths
2,004Sq Ft
12,009Lot Size
Property Price
LIST PRICE$614,000
EST. MARKET VALUE
$585,118
4% AboveMARKET VALUE
SUMMARY
This Spacious Southwest-Style Residence represents a High-Potential Investment Opportunity, listed at $614,000—positioned slightly above the $604,708 Fair Market Value. While priced at market, the property offers significant long-term value through its 12,009 sqft lot and a 2026 renovated pool. With a Condition Rating of 4, the home features a 2021 HVAC system and recent paint, though original cabinetry provides a clear path for cosmetic value-add. This property is an ideal acquisition for Owner-Occupants seeking a lifestyle upgrade or Value-Add Investors.
Estimated Market Value
$585,118
Based on Realkey algorithm analyzing recent comparable sales in Tempe.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2025 E PEGASUS Drive Subject | $614,000* List Price | 4 | 2 | 2,004 | $292 | - |
A 2021 E Pegasus Drive Sold | $650,000 | 3 | 2 | 2,132 | $305 | 0.0 mi |
B 6367 S RIVER Drive Sold | $690,000 | 4 | 2 | 2,481 | $278 | 0.2 mi |
C 6000 S JUNIPER Street Sold | $520,000 | 4 | 2 | 2,136 | $243 | 0.9 mi |
D 1703 E WATSON Drive Sold | $520,000 | 4 | 2 | 2,004 | $259 | 0.8 mi |
E 1893 E VAUGHN Street Sold | $680,000 List Price | 4 | 3 | 2,636 | 0.4 mi | |
F 2031 E Vaughn Street Pending | $637,000 List Price | 3 | 2 | 2,259 | $282 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1978, the property is well-maintained with significant system upgrades including a 2021 HVAC and a 2026 pool renovation. However, the kitchen and bathrooms feature original or dated wood cabinetry and fixtures exceeding 20 years in age, requiring cosmetic modernization to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12009, living area = 2004.
- Expansive Lot & Renovated Pool
The property features a massive 12,009 sqft lot with a pool recently renovated in 2026, providing a premium outdoor living space that is rare for the area.
- Key System Upgrades
Significant peace of mind is offered through a newer HVAC system installed in 2021 and fresh interior and exterior paint, reducing immediate move-in costs.
CONSRISKS & DEFICIENCIES
- Property Age
Built in 1978, the home may have underlying infrastructure or original components that require more maintenance compared to newer constructions.
- Specific Aesthetic Appeal
The Southwest-style architecture and classic wood detailing provide character but may feel dated to buyers looking for a strictly modern or contemporary aesthetic.
About 2025 E PEGASUS Drive
Fall in love with this well-loved Southwest-style home in a sought-after neighborhood! Set on a massive lot, there's plenty of room for entertaining, gardening, or simply enjoying the beautifully landscaped, low-maintenance desert yard. The sparkling pool was recently renovated (2026), creating the perfect backyard retreat. Inside, charming classic wood detailing adds warmth and character, while fresh interior and exterior paint and a (2021) HVAC provide peace of mind. Just minutes from Trader Joe's, Changing Hands, Wildflower, shopping, and more. Don't miss this special home--Even better in person; the photos simply don't do it justice!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1978
- Lot Size
- 12,009 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,004 | 1,773.888 |
| Lot Size | 12,009 | 8,245.105 |
| Price | $614.0K | $529.7K |
| Price per sq ft | $306 | $314 |
| Built year | 1978 | 1972 |
| HOA | $0 | $292 |
| Days on market | 35 | 63 |
Pricing History
Listed for Sale
Aug 5, 2026
$614,000
Initial Listing