7241 S TERRACE Road, Tempe, AZ 85283 (MLS# 6679055)

7241 S TERRACE Road, Tempe, AZ 85283

$645,000

Property Type: Residential Bedrooms: 5 Baths: 3 Square Footage: 2,624 Lot Size (sq. ft.): 8,786 Status: Closed

Current Price: $645,000 Last Modified: 7/28/2025

Overview

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!

Listing Details MLS# 6679055

Location, Tax & Legal

House Number: 7241
Compass: S
Street Name: TERRACE
St Suffix: Road
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85283
Zip4: 4708
Country: US
County Code: Maricopa
Assessor Number: 301-91-494
Subdivision: GALLERIA
Tax Year: 2023
Assessor's Map #: 91
Legal Description (Abbrev): LOT 35 GALLERIA MCR 027426
Assessor's Parcel #: 494
Tax Municipality: Tempe
Taxes: 3460

Contract Information

Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No

General Property Description

Dwelling Type: Single Family Residence
Dwelling Styles: Detached
Exterior Stories: 2
# of Interior Levels: 2
# Bedrooms: 5
Total Bathrooms: 3
Approx SQFT: 2624
Price/SqFt: 245.8
Horses: N
Builder Name: KNOELL HOMES
Year Built: 1985
Approx Lot SqFt: 8786
Approx Lot Acres: 0.202
Community Pool Y/N: No
Private Pool Y/N: Yes
Fireplace YN: No
Planned Comm Name: Galleria
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

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.

Status Change Info

Off Market Date: 2024-03-27
Under Contract Date: 2024-03-27
Close of Escrow Date: 2024-04-30

Legal Info

Township: 1S
Range: 4E
Section: 11
Lot Number: 35

More Information

Basement

Basement Y/N: N

Parking Spaces

Garage Spaces: 3
Slab Parking Spaces: 3
Total Covered Spaces: 3

Showing Notification Methods

Showing Service: Aligned Showings
Text: Yes
Email: Yes
Phone Call: Yes

Sold Info

Loan Type: Cash
Closing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Special Listing Cond

N/A: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Tile: Yes

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

Lockbox Type

Supra: Yes

Architecture

Contemporary: Yes

Master Bathroom

Full Bth Master Bdrm: Yes
Separate Shwr & Tub: Yes
Double Vanity: Yes
Private Toilet Room: Yes

Master Bedroom

Upstairs: Yes

Additional Bedroom

Other Bedroom Downstairs: Yes
Master Bedroom Walk-in Closet: Yes

Add'l Property Use

None: Yes

Flooring

Carpet: Yes
Laminate: Yes
Tile: Yes

Community Features

Biking/Walking Path: Yes

Dining Area

Formal: Yes
Eat-in Kitchen: Yes

Heating

Electric: Yes

Kitchen Features

Dishwasher: Yes
Disposal: Yes
Kitchen Island: Yes
Built-in Microwave: Yes
Non-laminate Counter: Yes
Pantry: Yes
Range/Oven Elec: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes

Interior Features

Vaulted Ceiling(s): Yes
Wet Bar: Yes

Laundry

Washer Hookup: Yes
Inside: Yes

Other Rooms

Family Room: Yes

Separate Den/Office

Sep Den/Office Y/N: N

Technology

Cable TV Avail: Yes
High Speed Internet: Yes

Fencing

Block: Yes

Water Source

City Water: Yes

Exterior Features

Covered Patio(s): Yes
Patio: Yes

Spa

None: Yes

Sewer

Sewer - Public: Yes

Parking Features

Direct Access: Yes
Garage Door Opener: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: Yes

Utilities

SRP: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Property Description

Cul-De-Sac Lot: Yes
North/South Exposure: Yes

Landscaping

Gravel/Stone Front: Yes
Gravel/Stone Back: Yes
Synthetic Grass Frnt: Yes
Synthetic Grass Back: Yes

Services

City Services: Yes

Disclosures

Agency Discl Req: Yes

Possession

Close of Escrow: Yes

Association Fee Incl

Common Area Maint: Yes

Assoc Rules/Info

Prof Managed: Yes

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

Listing Office: HomeSmart Success

Last Updated: July - 28 - 2025