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3941 S MILL Avenue, Tempe, AZ, 85282

4beds
3baths
1,536sqft
$340,000
$221price/sqft
$2,143/moest. monthly cost
$85,720/yrincome needed

About This Home

MOTIVATED SELLER + UP TO 3% SELLER CONCESSION WITH THE RIGHT OFFER! A great opportunity to own in Tempe just minutes from Arizona State University and the Mill Avenue District. This spacious 4-bedroom, 2.5-bath townhome offers 1,536 sq ft and something buyers will appreciate from day one: the big-ticket items have already been handled. With a NEWER ROOF, NEWER A/C, and NEW WATER HEATER, you can focus on making the home your own instead of worrying about major replacements. Inside, enjoy a move-in-ready feel with tile throughout the main living areas and vinyl flooring in the bedrooms--no carpet anywhere. The kitchen features updated white shaker-style cabinetry, stainless steel appliances, and a modern backsplash, while ceiling fans in every room add year-round comfort. Looking for flexi flexibility? This property works well for an owner-occupant or investor. It is currently tenant-occupied on a month-to-month lease, and the tenants are open to staying. Location, major updates, 4 bedrooms, and seller concessions--all in one Tempe opportunity. Bring your offer and make it yours!

Getting Around

75
WalkingVery Walkable
46
TransitSome Transit
76
BikeVery Bikeable

Schools

3/10
Connolly Middle SchoolGrades 6-82.5 mi
5/10
Tempe High SchoolGrades 9-121.4 mi

Construction

Condition

  • Year built: 1964

Materials

  • Roof: Composition
  • Construction materials: Brick Veneer,Painted,Brick

Other

  • Builder name: Hallcraft homes

Type & Style

  • Home type: Townhouse
  • Architectural style: Santa Barbara/Tuscan
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Dryer,Washer,Refrigerator,Built-in Microwave,Dishwasher,Electric Cooktop
  • Laundry features: Inside

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • Granite Counters,Upstairs,Eat-in Kitchen,Kitchen Island,Full Bth Master Bdrm
  • Flooring: Vinyl,Tile,Wood

Heating & Cooling

  • Heating features: Electric
  • Cooling features: Central Air,Ceiling Fan(s)

Interior Area

  • Total structure area: 1,536
  • Total interior livable area: 1,536 sqft

Property

Details

  • Parcel number: 13357220
  • Attached to another structure: Yes

Features

  • Stories: 2
  • Patio & porch: Patio
  • Exterior features: Storage
  • Spa features: None
  • Fencing: Chain Link

Lot

  • Lot size: 1,685 sqft
  • Features: North/South Exposure,Grass Front

Parking

  • Total spaces: 2
  • Parking features: Assigned
  • Covered spaces: 2
  • Carport: Yes
  • Carport spaces: 2

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

How This Home’s Risks Compare

Heat Wave

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 $1,719$20,628
Home Insurance $84$1,008
Property Taxes $124$1,488
Electricity $216$2,603
Total$2,143$25,716

Income You'd Need if You Spent...

35% on housing$73,474/yr
40% on housing$64,290/yr
45% on housing$57,146/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

$221This listing

vs Other Active Listings

Avg $/sqft

ZIP 85282$192
Maricopa County$272

vs Homes Sold Last Month

Median $/sqft

ZIP 85282$303
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
2026-05-14Listed for sale$340,000
2023-10-30Sold$350,000
2023-09-22Listed for sale$349,900
2023-09-20Listing removed--
2023-08-14Price change$2,595
2023-08-05Price change$2,495
2023-07-21Price change$2,595
2023-07-13Price change$2,695
2023-06-23Price change$2,750
2023-06-13Price change$2,695
2023-06-07Price change$2,750
2023-05-12Listed for rent$2,800
2021-05-27Listing removed--
2021-05-20Listed for rent$2,450
2020-05-30Listing removed$2,000
2020-05-09Listed for rent$2,000
2019-05-30Listing removed$1,900
2019-05-12Listed for rent$1,900
2017-06-02Listing removed$1,500
2017-05-09Price change$1,500
2017-05-07Listed for rent$1,350
2014-04-08Listing removed$1,250
2014-01-13Listed for rent$1,250
2010-07-27Sold$108,900
2010-04-21Sold$155,165

For Sale by Agent

AgentVicky Luu
BrokerageRomano Realty LLC

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