$645,000
7241 S TERRACE Road
Tempe, AZ 85283
MLS# 6679055
Status: Closed
5 beds  |  3 baths
0005-05-South Terrace
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Property Description
Location, location, location! This Cul de Sac home has SOOO much potential.. dream home is within reach! This 5-bed (one full bedroom & bathroom downstairs!), 3-bath home features a 3-car garage and a well-maintained front/back yard. The formal living/dining room showcases vaulted ceilings, plantation shutters, carpet/tile flooring, and an elegant wet bar. Eat-in kitchen, Corian counters, nice cabinets, built-in appliances, and a center island. The main bedroom boasts a large ensuite with dual sinks and a walk-in closet (hidden storage rm behind mirror!). Outside, the backyard includes a covered patio, low-maintenance artificial turf, and a sparkling pool. Home is priced much lower than comps, it needs some updating, but the bones are good! See list of updates!

Details
Maps
Contract Information
Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No
Sold Price: $645,000
Status: Closed
Current Price: $645,000
List Date: 2024-03-18
Location, Tax & Legal
Assessor's Map #: 91
Legal Description (Abbrev): LOT 35 GALLERIA MCR 027426
Assessor's Parcel #: 494
Tax Municipality: Tempe
Taxes: 3460
House Number: 7241
Compass: S
Street Name: TERRACE
St Suffix: Road
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85283
Zip4: 4708
County Code: Maricopa
Assessor Number: 301-91-494
Subdivision: GALLERIA
Tax Year: 2023
General Property Description
Dwelling Styles: Detached
# of Interior Levels: 2
Approx SQFT: 2624
Price/SqFt: 245.8
Approx Lot SqFt: 8786
Approx Lot Acres: 0.202
Horses: N
Builder Name: KNOELL HOMES
Elementary School District: Kyrene Elementary District
High School District: Tempe Union High School District
Elementary School: Kyrene de los Ninos School
Jr. High School: Kyrene Middle School
High School: Marcos De Niza High School
Community Pool Y/N: No
Private Pool Y/N: Yes
Planned Comm Name: Galleria
Fireplace YN: No
Dwelling Type: Single Family Residence
Exterior Stories: 2
# Bedrooms: 5
Total Bathrooms: 3
Year Built: 1985
Legal Info
Range: 4E
Section: 11
Township: 1S
Lot Number: 35
Special Listing Cond
N/A: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Tile: 1
Association & Fees
HOA Y/N: Y
HOA Disclosure/Addendum Affirmation: Yes
HOA Transfer Fee: 0
HOA Fee: 235
HOA Paid Frequency: Annually
HOA Name: Galleria
HOA Telephone: 480-345-0046
Special Assessment HOA: No
HOA 2 Y/N: N
PAD Fee Y/N: N
Cap Improvement/Impact Fee: 0
Cap Improvement/Impact Fee $/%: $
Prepaid Association Fees HOA: 0
Disclosure Fees HOA: 0
Other Fees HOA: 0
Land Lease Fee Y/N: N
Rec Center Fee Y/N: N
Ttl Mthly Fee Equiv: 19.58
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
Supra: 1
Architecture
Contemporary: 1
Master Bathroom
Full Bth Master Bdrm: 1
Separate Shwr & Tub: 1
Double Vanity: 1
Private Toilet Room: 1
Master Bedroom
Upstairs: 1
Additional Bedroom
Other Bedroom Downstairs: 1
Master Bedroom Walk-in Closet: 1
Add'l Property Use
None: 1
Flooring
Carpet: 1
Laminate: 1
Tile: 1
Community Features
Biking/Walking Path: 1
Dining Area
Formal: 1
Eat-in Kitchen: 1
Heating
Electric: 1
Kitchen Features
Dishwasher: 1
Disposal: 1
Kitchen Island: 1
Built-in Microwave: 1
Non-laminate Counter: 1
Pantry: 1
Range/Oven Elec: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Interior Features
Vaulted Ceiling(s): 1
Wet Bar: 1
Laundry
Washer Hookup: 1
Inside: 1
Basement
Basement Y/N: N
Other Rooms
Family Room: 1
Separate Den/Office
Sep Den/Office Y/N: N
Technology
Cable TV Avail: 1
High Speed Internet: 1
Fencing
Block: 1
Water Source
City Water: 1
Exterior Features
Covered Patio(s): 1
Patio: 1
Spa
None: 1
Sewer
Sewer - Public: 1
Parking Spaces
Slab Parking Spaces: 3
Total Covered Spaces: 3
Garage Spaces: 3
Parking Features
Direct Access: 1
Garage Door Opener: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
Utilities
SRP: 1
Existing 1st Loan
Treat as Free&Clear: 1
Property Description
Cul-De-Sac Lot: 1
North/South Exposure: 1
Landscaping
Gravel/Stone Front: 1
Gravel/Stone Back: 1
Synthetic Grass Frnt: 1
Synthetic Grass Back: 1
Services
City Services: 1
Disclosures
Agency Discl Req: 1
Possession
Close of Escrow: 1
Association Fee Incl
Common Area Maint: 1
Assoc Rules/Info
Prof Managed: 1
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 0
Seller Concession $/%: %
Remarks Misc
Cross Street: Elliot Rd & Rural Rd
Directions: Head east on E Elliot Rd, Turn left onto S Rita Ln, Turn right onto S Terrace Rd, Turn left to stay on S Terrace Rd. Property will be on the right.
Geo Lat: 33.353805
Geo Lon: -111.924222
Status Change Info
Off Market Date: 2024-03-27
Under Contract Date: 2024-03-27
Close of Escrow Date: 2024-04-30
Sold Price: $645,000
Property Features
Special Listing Cond: N/A
Add'l Property Use: None
Architecture: Contemporary
Master Bathroom: Full Bth Master Bdrm; Separate Shwr & Tub; Double Vanity; Private Toilet Room
Master Bedroom: Upstairs
Additional Bedroom: Other Bedroom Downstairs; Master Bedroom Walk-in Closet
Flooring: Carpet; Laminate; Tile
Spa: None
Community Features: Biking/Walking Path
Dining Area: Formal; Eat-in Kitchen
Kitchen Features: Range/Oven Elec; Disposal; Dishwasher; Built-in Microwave; Pantry; Non-laminate Counter; Kitchen Island
Laundry: Washer Hookup; Inside
Other Rooms: Family Room
Interior Features: Vaulted Ceiling(s); Wet Bar
Technology: Cable TV Avail; High Speed Internet
Exterior Features: Covered Patio(s); Patio
Parking Features: Direct Access; Garage Door Opener
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Tile
Cooling: Central Air; Ceiling Fan(s)
Heating: Electric
Utilities: SRP
Water Source: City Water
Sewer: Sewer - Public
Services: City Services
Fencing: Block
Property Description: Cul-De-Sac Lot; North/South Exposure
Landscaping: Gravel/Stone Front; Gravel/Stone Back; Synthetic Grass Frnt; Synthetic Grass Back
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: Supra
Possession: Close of Escrow
Association Fee Incl: Common Area Maint
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional
Disclosures: Agency Discl Req
IDX
Listing Office: HomeSmart Success

Last Updated: July - 28 - 2025

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