38 W THOMAS Lane, Tempe, AZ 85281

$699,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,581 Lot Size (sq. ft.): 8,625 Status: Active

Current Price: $699,000 Last Modified: 8/28/2026

Overview

Description

2 houses on this property. Front house and back house have been rented with good cash flow. Walk to ASU and Honor Health Tempe. Main House is 3 bedroom, 1 bedroom guest house with separate electric meter in rear. One of a kind location in the area of Historic Downtown Tempe, Saltillo Tile thru out.

Listing Details MLS# 7072422

Location, Tax & Legal

House Number: 38
Compass: W
Street Name: THOMAS
St Suffix: Lane
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 8657
Country: US
County Code: Maricopa
Assessor Number: 133-18-015
Subdivision: COLLEGE VIEW
Tax Year: 2025
Assessor's Map #: 18
Legal Description (Abbrev): COLLEGE VIEW PT LOT 8 S2 W2
Assessor's Parcel #: 15
Tax Municipality: Tempe
Taxes: 3712

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: Yes
# of Interior Levels: Yes
# Bedrooms: 3
Full Bathrooms: Yes
Half Bathrooms: Yes
Total Bathrooms: 2
Approx SQFT: 1581
Price/SqFt: 442.13
Guest House SqFt: 800
Horses: N
Builder Name: unknown
Year Built: 1945
Lead Based Hazard Disclosure: Yes
Approx Lot SqFt: 8625
Approx Lot Acres: 0.198
Flood Zone: No
Community Pool Y/N: No
Private Pool Y/N: No
Fireplace YN: No
Elementary School District: Tempe School District
High School District: Tempe Union High School District
Elementary School: Holdeman Elementary School
Jr. High School: Connolly Middle School
High School: Tempe High School

Remarks Misc

Cross Street: Mill Avenue and Apache Blvd.
Directions: Mill Avenue south of Apache to Thomas Lane. Turn west on Thomas to property.

Legal Info

Township: 1N
Range: 4E
Section: 22
Lot Number: 8

Basement

Basement Y/N: N

More Information

Parking Spaces

Carport Spaces: Yes
Slab Parking Spaces: 3
Total Covered Spaces: Yes

Showing Notification Methods

Showing Service: Aligned Showings

Contact Info

List Agent Home Phn: 480-540-4648

DPR Eligible

DPR Eligible: No

Special Listing Cond

Owner/Agent: Yes

Construction

Adobe: Yes

Const - Finish

Stucco: Yes

Roofing

Composition: Yes

Association & Fees

HOA Y/N: N
PAD Fee Y/N: N
Land Lease Fee Y/N: N
Ttl Mthly Fee Equiv: 0

Lockbox Type

Supra: Yes

Architecture

Spanish: Yes

Master Bathroom

3/4 Bath Master Bdrm: Yes

Master Bedroom

Downstairs: Yes

Additional Bedroom

Other Bedroom Downstairs: Yes

Flooring

Carpet: Yes
Tile: Yes

Dining Area

Eat-in Kitchen: Yes

Heating

Natural Gas: Yes

Kitchen Features

Dishwasher: Yes
Gas Oven: Yes
Gas Range: Yes
Refrigerator: Yes
Gas Cooktop: Yes

Cooling

Central Air: Yes

Laundry

Washer Hookup: Yes
Gas Dryer Hookup: Yes

Separate Den/Office

Sep Den/Office Y/N: N

Fencing

Back Yard: Yes
Wire: Yes

Water Source

City Water: Yes

Spa

None: Yes

Sewer

Sewer - Public: Yes

New Financing

Cash: Yes

Utilities

APS: Yes
SW Gas: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Landscaping

Dirt Back: Yes
Gravel/Stone Front: Yes

Unit Style

All on One Level: Yes

Disclosures

Seller Discl Avail: Yes
Agency Discl Req: Yes

Possession

By Agreement: Yes

Association Fee Incl

No Fees: Yes

Assoc Rules/Info

None: Yes

Property Features

Special Listing Cond: Owner/Agent Architecture: Spanish Master Bathroom: 3/4 Bath Master Bdrm Master Bedroom: Downstairs Additional Bedroom: Other Bedroom Downstairs Flooring: Carpet; Tile Spa: None Dining Area: Eat-in Kitchen Kitchen Features: Gas Oven; Gas Range; Gas Cooktop; Dishwasher; Refrigerator Laundry: Washer Hookup; Gas Dryer Hookup Construction: Adobe Const - Finish: Stucco Roofing: Composition Cooling: Central Air Heating: Natural Gas Utilities: APS; SW Gas Water Source: City Water Sewer: Sewer - Public Fencing: Back Yard; Wire Landscaping: Dirt Back; Gravel/Stone Front Lockbox Type: Supra Possession: By Agreement Unit Style: All on One Level Association Fee Incl: No Fees Existing 1st Loan: Treat as Free&Clear New Financing: Cash Disclosures: Seller Discl Avail; Agency Discl Req

Listing Office: HomeSmart

Last Updated: August - 28 - 2026