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Tempe 85282
1038 E CARSON Drive
Photo of 1038 E CARSON Drive
Sold on Mar 19, 2025

44

Map

Photo of 1038 E CARSON Drive
Photo of 1038 E CARSON Drive
$470,000
● House - Off Market

1038 E CARSON Drive

Tempe, AZ 85282
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,396 Ft²
$2,440
Est. Monthly
5.79%
Cap Rate

About This Property

This beautifully renovated home in the heart of Tempe has everything you need with an unbeatable location! Stainless steel appliances, new LVP floors w/carpet in bedrooms. The solar panels are paid off! Don't miss the opportunity to own this amazing property in a prime area! Just 15 minutes from ASU Tempe, Tempe Marketplace, shopping, and entertainment. Only minutes away from the 101 Freeway and US 60!
Unit Size
1,396 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$337
Property Type
House
Property Taxes
$132
HOA Dues
-
Year Built
1971

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 9 days ago (ARMLS #6816188)

Price History

Date / Event Date Event Price
Mar 19, 2025 Sold
Premium
Sold
Feb 5, 2025 Listed by Presidential Realty, LLC $470,000
Listed by Presidential Realty, LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Parking Space Count: 1
  • Patio Type: 5
  • Porch Type: 25
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,239
  • Total Building Area: 1,396
  • Gross Building Area: 1,396
  • Building Area: 1,396
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 10
  • Heating: 24
  • Heated Square Feet: 1,396
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TEMPE GARDENS 12 LOT 1340-1433
  • Land Acres: 0000000212
  • Standard Land Use Code: 1001
  • County Land Use Code: 0131
  • State Land Use Code: 0131
  • Legal Description 1: TEMPE GARDENS 12 LOT 1340-1433 MCR 136-14

Neighborhood

  • School District Name: Tempe Union High School District
  • Census Tract: 319401

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: 13614
  • Parcel: 133-38-204-C
  • Lot: 1424
  • Meridian: SEC 35 TWN 1N RNG 4E
  • Municipality: TEMPE
  • Latitude: 33.384
  • Longitude: -111.924

    Address

  • Full Address: 1038 E Carson Dr
  • Address - House Number: 1038
  • Street Direction: E
  • Address - Street Name: Carson
  • Address - Suffix Type: Dr
  • State: AZ
  • City Name: Tempe
  • Carrier Code: C073
  • 4-Digit Zip Code: 7102
  • Zip Code: 85282

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $156,208
  • Tax Rate Code Area: 031600

    Appraisal Valuation

  • Standard Deviation: 0.1353
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 84
  • Final Value: 506,255
  • High Value: 574,769
  • Low Value: 437,740

    Market Valuation

  • Market Total Value: $347,200
  • Market Land Value: $69,400
  • Market Improvement Value: $277,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $34,720
  • Assessed Land Value: $6,940
  • Assessed Improvements Value: $27,780
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Tempe

Stats & Trends

Median Asking:

$479,796

Sale Price/ft²

$301

Below Asking

0.02%

Average Days on Market

72

Average Home Size

1603 ft²

Average Home Age

44.7 years

Currently For Sale

513 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 543 W 19th Street, Tempe, AZ, 85281

$2,500 /mo

  • 4 Beds
  • 2 Baths
  • 1,751 ft²
543 W 19th Street, Tempe, AZ, 85281 Listing by Joanna Roberson
Unit for rent at 1564 E Stephens Drive, Tempe, AZ, 85283

$2,499 /mo

  • 3 Beds
  • 2 Baths
  • 1,068 ft²
1564 E Stephens Drive, Tempe, AZ, 85283 Listing by Rachael Endsley
Unit for rent at 4619 S Rita Lane, Tempe, AZ, 85282

$2,350 /mo

  • 3 Beds
  • 2 Baths
  • 1,992 ft²
4619 S Rita Lane, Tempe, AZ, 85282 Listing by Jeanine R Watson

Rentals Near You

Click here to view more rentals in the neighborhood.
ARMLS

Listed by: Ted Yeager, Presidential Realty, LLC
Last Updated: 9 days ago
Data Source: ARMLS, MLS# 6816188
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 1038 East Carson Drive built and last sold?
The property at 1038 East Carson Drive was built in 1971 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1038 East Carson Drive is $472,723.
What are some comparable homes to 1038 East Carson Drive?
There are currently no comparable homes to 1038 East Carson Drive.
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