by Lee Lin
For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Tempe 85283 Optimist Park SW
1873 E WATSON Drive
Photo of 1873 E WATSON Drive
Sold on Nov 6, 2026

38

Map

Photo of 1873 E WATSON Drive
Photo of 1873 E WATSON Drive
$444,000
● House - Off Market

1873 E WATSON Drive

Tempe, AZ 85283
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,806 Ft²
$2,418
Est. Monthly

About This Property

Welcome to this inviting 3-bedroom, 2-bath home in an established Tempe neighborhood. Offering approximately 1806 sq. ft., the home features a comfortable, functional floor plan with spacious living areas and a traditional style that has been well maintained over the years.

The kitchen offers granite countertops, stainless steel appliances and ample cabinetry, with wood-look tile flooring throughout much of the home.

Set on a generous lot with plenty of outdoor space to enjoy or make your own. Conveniently located near shopping, dining, parks, ASU and major freeways, this is a great opportunity to own a well-cared-for home in the heart of Tempe.
Unit Size
1,806 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$249
Property Type
House
Property Taxes
$208
HOA Dues
-
Year Built
1973

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 2 days ago (ARMLS #7087776)

Price History

Date / Event Date Event Price
Nov 6, 2026 Sold
Premium
Sold
Oct 7, 2026 In contract -
In contract
Oct 1, 2026 Listed by Real Broker $450,000
Listed by Real Broker
Jan 28, 2014 Sold
Premium
Sold
Jun 27, 1995 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 4
  • Building Style: 0
  • Exterior Walls Type: 4
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Parking Space Count: 2
  • Patio Type: 38
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,564
  • Total Building Area: 1,746
  • Gross Building Area: 1,746
  • Building Area: 1,746
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 10
  • Heating: 24
  • Heated Square Feet: 1,746
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CONTINENTAL EAST UNIT 6
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: 0131
  • State Land Use Code: 0131
  • Legal Description 1: CONTINENTAL EAST UNIT 6 MCR 149-02

Neighborhood

  • School District Name: Tempe Union High School District
  • Census Tract: 319904

Zoning

  • Zoning: R-7

Geography

  • Assessors Map Reference: 14902
  • Parcel: 301-01-186
  • Lot: 987
  • Meridian: SEC 1 TWN 1S RNG 4E
  • Municipality: TEMPE
  • Latitude: 33.3689
  • Longitude: -111.908

    Address

  • Full Address: 1873 E Watson Dr
  • Address - House Number: 1873
  • Street Direction: E
  • Address - Street Name: Watson
  • Address - Suffix Type: Dr
  • State: AZ
  • City Name: Tempe
  • Carrier Code: C074
  • 4-Digit Zip Code: 3262
  • Zip Code: 85283

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $230,060
  • Tax Rate Code Area: 031600

    Appraisal Valuation

  • Standard Deviation: 0.1294
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 85
  • Final Value: 527,256
  • High Value: 595,514
  • Low Value: 458,999

    Market Valuation

  • Market Total Value: $383,000
  • Market Land Value: $76,600
  • Market Improvement Value: $306,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $38,300
  • Assessed Land Value: $7,660
  • Assessed Improvements Value: $30,640

    Sales

  • Current Sale Contract Date: Jan 15, 2014
  • Current Sale Recording Date: Jan 28, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2014-0057156
  • Previous Sale Recording Date: Jun 27, 1995
  • Previous Sale Contract Date: Jun 23, 1995
  • Previous Sale Amount: $94,500
  • Previous Sale Document Type: 41

    Financing

  • First Mortgage Financing Type: FIX
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 Optimist Park SW

Stats & Trends

Median Asking:

$534,000

Sale Price/ft²

$279

Below Asking

0.02%

Average Days on Market

45

Average Home Size

2136 ft²

Average Home Age

53 years

Currently For Sale

8 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 2163 E Sesame Street, Tempe, AZ, 85283

$5,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,642 ft²
2163 E Sesame Street, Tempe, AZ, 85283 Listing by Hannah Proffitt
Unit for rent at 2445 S Catarina --, Mesa, AZ, 85202

$8,500 /mo

  • 4 Beds
  • 2 Baths
  • 2,422 ft²
2445 S Catarina --, Mesa, AZ, 85202 Listing by Nicole Wolfe
Unit for rent at 2705 W Summit Place, Chandler, AZ, 85224

$2,900 /mo

  • 3 Beds
  • 2 Baths
  • 1,703 ft²
2705 W Summit Place, Chandler, AZ, 85224 Listing by Sharon Rodgers

Rentals Near You

Click here to view more rentals in the neighborhood.
ARMLS

Listed by: Julie Clarke, Real Broker
Last Updated: 2 days ago
Data Source: ARMLS, MLS# 7087776
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 1873 East Watson Drive built and last sold?
The property at 1873 East Watson Drive was built in 1973 and last sold on Jan 15, 2014 for $235,000.
How much is this home worth?
The estimated value of the home located at 1873 East Watson Drive is $459,019.
What are some comparable homes to 1873 East Watson Drive?
There are currently no comparable homes to 1873 East Watson Drive.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Tempe Homes for Sale
Tempe Houses for Sale
Tempe Condos for Sale
Tempe Townhouses for Sale
Tempe Multifamily for Sale
Tempe Land for Sale
Tempe Commercial for Sale
Tempe Homes with Basements
Nearby Cities
Chandler Homes for Sale
Paradise Valley Homes for Sale
Sun Lakes Homes for Sale
Guadalupe Homes for Sale
Nearby Property Records
Maricopa County, AZ Property Records
Pinal County, AZ Property Records
Gila County, AZ Property Records
Yavapai County, AZ Property Records
Pima County, AZ Property Records
La Paz County, AZ Property Records
Graham County, AZ Property Records
Yuma County, AZ Property Records
Neighborhoods
Sun Lakes Real Estate
McCormick Ranch Real Estate
Foothills Golf Club Real Estate
Downtown Scottsdale Real Estate
Mountain Park Ranch Real Estate
Scottsdale Ranch Real Estate
Dobson Ranch Real Estate
Downtown Phoenix Real Estate
Top Real Estate Agents
Top Agents in Optimist Park SW
Top Agents in Tempe
Top Agents in Chandler
Top Agents in 85251
Top Agents in 85018
Top Agents in 85248
Top Agents in 85258
Top Agents in 85225