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Off Market

7241 South Terrace Lane

Tempe AZ 85283

5
3
2624 sq. ft.
Single-Family
Last sold for $695,000

Overview

Come see this spacious 5bed/3ba home ideally situated on a cul-de-sac lot in an established neighborhood. The kitchen has new SS appliances, an island, and breakfast bar. The floorplan features a bedroom and full bath downstairs-perfect for guests, multi-generational living or an office. Upstairs, the beautifully updated primary suite offers a luxurious retreat with modern finishes, including a freestanding tub, walk-in shower, dual sink vanity, and walk-in closet. Other features of the home are vaulted ceilings, formal dining room, wet bar, new carpeting, 3 car garage with built-in cabinets, and a new water heater installed in 2025. Step outside to a sparkling pool, large covered patio, and dedicated sitting area, Conveniently located near ASU, dining, shopping, and major freeways. Enjoy a nearby park and walking paths in the community. Don't miss your chance to own this home! Other home features: Kitchen cabinets have pull out, soft close drawers Primary suite has a large storage room off the bathroom

Features

5 bedrooms
3 bathrooms
2624 sq. ft. floor area
Single-Family

Estimated Value

Based on this property and similar 5 bedroom single-family properties sold in Tempe over the last 12 months, the estimated median property value of 7241 South Terrace Lane is $630k.

Median value
$630k
Estimated value range
$470k - $835k
Median days on market
43
Estimated value trend
-10%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Tempe. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 7241 South Terrace Lane

2026
Sold
$695,000
22 Jul 2026

Happy sellers in Tempe

88%
88% of sellers in Tempe reported that their sale price either exceeded or met their price expectations.

Tempe stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Tempe over the last 12 months.

Local market activity for 5 bedroom single-family properties in Tempe

In the last 12 months, 5 five-bedroom single-family properties similar to 7241 South Terrace Lane, have been sold.

This represents a 17% increase in five-bedroom single-family properties sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Tempe

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Kelli Gubrud

Sellers who recommend Kelli Gubrud have praised them for being local expert, clear communication, hard-working, supportive, and responsive

  •   5   (33 reviews)
  •  1 Review in Tempe
  •  1 Sale in Tempe
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Molly Scott

Molly Scott is a recommended agent for Tempe.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (8 reviews)
  •  1 Review in Tempe
  •  1 Sale in Tempe
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Braden Johnson

Sellers who recommend Braden Johnson have praised them for being local expert and clear communication

  •   5   (37 reviews)
  •  1 Review in Tempe
  •  1 Sale in Tempe
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Paige Gibbons

Paige Gibbons is a recommended agent for Tempe.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (24 reviews)
  •  1 Review in Tempe
  •  1 Sale in Tempe
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