Pending House MLS# 7028024

1971 E PEGASUS Drive

Tempe, AZ 85283

$495,000

About 1971 E PEGASUS Drive

Seller just dropped the price $82,000 on 8/20/2026.!

Located in a peaceful pocket of Tempe, this beautifully updated 4-bedroom, 2-bath home offers the perfect blend of modern upgrades, comfort, and convenience. Featuring durable block construction and a high block wall for added backyard privacy, this home has been thoughtfully renovated throughout. Step inside to find newer paint, upgraded baseboards, Venetian bronze hardware, recessed lighting, and new fan/light fixtures throughout. The popcorn ceilings have been removed, and stylish vinyl plank flooring flows seamlessly through the entire home. The spacious living area is highlighted by a cozy wood-burning fireplace. The upgraded kitchen features quartz countertops, newer shaker-style cabinetry, stainless steel appliances an undermount stainless kitchen sink, and modern finishes designed for both style and functionality.

The spacious primary suite includes blackout blinds and private access to the backyard. The remodeled primary bathroom offers double undermount sinks, upgraded mirrors, stainless fixtures, neutral-toned shower tile, and tasteful modern finishes. The secondary bathroom has also been beautifully updated with double undermount sinks, hard surface counters, upgraded mirrors, a new vanity, new toilet, and a tub/shower combination.

Enjoy Arizona living in the backyard oasis featuring a diving pebble-tech swimming pool, covered patio, low-maintenance desert landscaping, and a extra storage shed. Additional upgrades include vinyl-frame dual-pane windows throughout, a new roof, new 4-ton Trane air conditioning unit, security closet, utility sink in the garage, electric garage door opener, new garage door, and garage side door.

Ideally located minutes from top-rated schools, shopping, dining, and major freeways including the 101 and US-60, with easy access to ASU, Downtown Tempe, and Sky Harbor Airport--this home truly puts everything you need right at your doorstep.

Property details

Property

Type
Single Family Residence
MLS type
Single Family Home
Status
Pending
Year built
1973
Stories
1
Living area
1,953 sqft
Price / sqft
$253
Lot
0.2
Original price
$577,000
MLS #
7028024

Interior

Features
Central Air, Ceiling Fan(s), Quartz Countertops, High Speed Internet, Double Vanity, Eat-in Kitchen, Breakfast Bar, No Interior Steps, Pantry, 3/4 Bath Master Bdrm, Electric, Vinyl, Wood Burning, Family Room, Fireplace
Flooring
Vinyl
Heating
Electric
Cooling
Central Air, Ceiling Fan(s)
Windows
Dual Pane, Vinyl Frame

Exterior & lot

Features
Outdoor, Diving Pool, Ranch, Storage, Shed(s), Gazebo, Garage Door Opener
Construction
Painted, Brick, Composition, Dual Pane, Vinyl Frame
Roof
Composition
Lot
30101468, Back Yard, Block
Fence
Back Yard, Block
Pool
Outdoor, Diving Pool
Parking
Garage Door Opener
Garage spaces
2

Schools

District
Tempe School District
Elementary
Fuller Elementary School
Middle
Fees College Preparatory Middle School
High
Marcos De Niza High School

Utilities

Utilities
Public Sewer, Public
Water
Public
Sewer
Public Sewer

Financial

Financial
Arizona Regional Multiple Listing Service 2
Annual tax
$2,424
Tax year
2025
Parcel
30101468

Location

Subdivision
CONTINENTAL EAST UNIT 6
County
Maricopa
Neighborhood
Optimist Park SW
Community
Maricopa, Asphalt, No Fees, Arizona Regional Multiple Listing Service 2, Tempe School District
Directions
East on Guadalupe, North on S. Hazelton Lane, East on E. Pegasus Dr.

Location

Neighborhood
Optimist Park SW
Subdivision
CONTINENTAL EAST UNIT 6
School district
Tempe School District

Ask about this property

Questions on 1971 E PEGASUS Drive, Tempe, AZ 85283, or want to see it in person?

Listed by Vincent Fumusa, HomeSmart

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.