38 W THOMAS Lane, Tempe, AZ 85281 — photo 1 of 8

ActiveMLS #7072422

$699,000

38 W THOMAS Lane

Tempe, AZ 85281

3beds

2baths

1,581sqft

Price per sqft: $442/sqft
Listed: Aug 27, 2026
Since listed: 19 days
Lot: 8,625 sqft lot

Home highlights

Single-story
No HOA

About this home

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.

From ARMLS

Property details

Home & layout

Property type: Single Family Residence
Bedrooms: 3
Bathrooms: 2
Living area: 1,581 sqft
Year built: 1945
Stories: Single-story

Interior

Interior features: Master Downstairs, Eat-in Kitchen, 3/4 Bath Master Bdrm
Flooring: Carpet, Tile
Laundry: Gas Dryer Hookup, Wshr/Dry HookUp Only

Systems & utilities

Heating: Natural Gas
Cooling: Central Air
Sewer: Public Sewer
Water source: City Water

Lot, exterior & construction

Lot size: 8,625 sqft lot
Lot features: Dirt Back, Gravel/Stone Front
Construction: Stucco, Adobe
Roof: Composition
Fencing: Back Yard, Wire
Spa: None

Parking & access

Garage: 0 spaces
Carport: 1 spaces
Covered parking: 1 spaces

Community & lifestyle

Subdivision: COLLEGE VIEW

Location

Explore the neighborhood

38 W THOMAS Lane, Tempe, AZ 85281

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Schools

Elementary: Holdeman Elementary School
Middle: Connolly Middle School
High: Tempe High School

School assignments can change and are not guaranteed. Please verify enrollment directly with the district.

Listing information

Status: Active
MLS number: 7072422
Listed: Aug 27, 2026
Last updated: Sep 9, 2026, 4:11 AM MST
County: Maricopa
Tax year: 2025
Listing terms: Cash
Possession: By Agreement
Special conditions: Owner/Agent
Listing agent: Susan A Wood
Listing brokerage: HomeSmart

Planning tool

Monthly payment estimate

Adjust the assumptions below to explore a possible monthly payment for this home.

Home price

Down payment

Example interest rate

Loan term

Estimated annual property taxes

MLS did not provide the tax amount, so this starts at 0.52% of the home price and updates with it.

Estimated annual homeowners insurance

Starts at 0.35% of the home price and remains fully editable.

Monthly HOA

Monthly mortgage insurance

Estimated monthly total

$4,041

$559,200 loan after a $139,800 down payment

Principal & interest: $3,535
Property taxes: $303
Homeowners insurance: $204
HOA: $0
Mortgage insurance: $0

Estimate only—not a loan quote. The example rate is editable and is not represented as a current lender rate. When MLS does not provide annual taxes, the calculator starts with an editable percentage-of-price estimate. Homeowners insurance also starts with an editable percentage-of-price estimate instead of $0. Actual payments vary and may also include lender fees, closing costs, utilities, maintenance, and other expenses. Verify taxes, insurance, HOA dues, and financing with the appropriate professionals.

Wendy Macica

Simply Real Estate

I can represent you on this home, answer your questions honestly, and arrange a private tour — whoever holds the listing.

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Listing courtesy of Susan A Wood, HomeSmart.

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