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700 W University Drive #241, Tempe, AZ, 85281

1beds
1baths
595sqft
$199,000
$334price/sqft
$1,351/moest. monthly cost
$54,040/yrincome needed

About This Home

PERFECT for an ASU Student or hey Mom and Dad....buy it and visit your child at ASU! Minutes from ASU and downtown Tempe! Wonderful 1 bedroom, 1 bathroom top-level corner unit. Security door, walk-in closet and community pool. Close to shopping, light rail and restaurants! HOA dues covers Water, Trash, Sewer. Community Pool too!....Hurry on this one!

Getting Around

81
WalkingVery Walkable
62
TransitGood Transit
100
BikeBiker's Paradise

Schools

4/10
Scales Technology AcademyGrades PK-50.4 mi
5/10
Tempe High SchoolGrades 9-121.0 mi

Construction

Condition

  • Year built: 1983

Materials

  • Roof: Tile,Built-Up
  • Construction materials: Stucco,Wood Frame,Painted

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Washer/Dryer Stacked,Dishwasher,Disposal,Electric Range
  • Laundry features: Inside

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • High Speed Internet,Breakfast Bar,No Interior Steps,Full Bth Master Bdrm
  • Window features: Double Pane Windows
  • Flooring: Laminate,Tile

Heating & Cooling

  • Heating features: Electric
  • Cooling features: Central Air

Interior Area

  • Total structure area: 595
  • Total interior livable area: 595 sqft

Property

Details

  • Parcel number: 12434125
  • Attached to another structure: Yes

Features

  • Stories: 1
  • Spa features: None
  • Fencing: None

Lot

  • Lot size: 605 sqft
  • Features: None

Parking

  • Total spaces: 1
  • Parking features: Assigned
  • Covered spaces: 1
  • Carport: Yes
  • Carport spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveVery High
  • Inland Flooding
    Inland FloodingVery High
  • Hail
    HailModerate

How This Home’s Risks Compare

Heat Wave
Inland Flooding
Hail

FEMA Declared Disasters in Maricopa County and Arizona

Fire
Flood
Snowstorm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,006$12,072
Home Insurance $57$684
Property Taxes $72$864
Electricity $216$2,603
Total$1,351$16,212

Income You'd Need if You Spent...

35% on housing$46,320/yr
40% on housing$40,530/yr
45% on housing$36,026/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.2%
11.2%
0%30.0%
Electricity Growth Rate10-year average: 1.2%
1.2%
0%15.0%
Property Taxes Growth Rate2-year average: -2.1%
-2.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$334This listing

vs Other Active Listings

Avg $/sqft

ZIP 85281$243
Maricopa County$272

vs Homes Sold Last Month

Median $/sqft

ZIP 85281$333
Maricopa County$262

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-02-11Listed for sale$199,000
2021-03-24Listing removed--
2019-08-07Listing removed$875
2019-06-24Listed for rent$875
2018-08-26Listing removed$850
2018-06-27Listed for rent$850
2017-07-18Listing removed$770
2017-07-02Price change$770
2017-06-18Listed for rent$765
2015-04-14Sold$65,000
2015-01-20Price change$65,000
2014-12-06Listed for sale$70,000

For Sale by Agent

AgentThomas Ross
BrokerageColdwell Banker Realty

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