111 E BONITA Way, Tempe AZ 85281
$850,000 · Active Under Contract
Brokerage: Ivy Realty(623) 299-4954
1 / 31Home facts
- Price
- $850,000
- Status
- Active Under Contract
- Beds
- 5
- Baths
- 3
- Year built
- 1951
- Type
- F
- Pool
- No
- Water
- City Franchise
- Sewer
- Sewer - Public
- Subdivision
- UNIVERSITY ESTATES
- MLS #
- 7067136
Listed by eXp Realty · 888-897-7821
Courtesy of ARMLS · Presented by Ivy Realty, (623) 299-4954
About this home
Premier ASU Investment Opportunity -- renovated main house + detached ADU in process! Rare 11,000+ sqft lot minutes from Arizona State University. Ideal as a high-demand student rental, owner-occupied investment, or long-term hold. Move-in-ready 4BD/2BA main house w/ fresh paint & new flooring. New detached 1BD/1BA guest house--private entrance, full kitchen, stacked laundry--currently in process. Upgraded primary bath also underway. Projected combined rents $4,850-$5,450/mo; plans, timeline & rent analysis available on request. No HOA, detached garage + 6 spaces. Renderings depict completed construction. Cash & renovation-friendly financing welcome.
Features
Roof
Composition
Sewer
Sewer - Public
Cooling
Central Air
Heating
Electric
Electric
SRP
Flooring
Carpet, Vinyl
WaterSource
City Franchise
ParkingFeatures
Detached Garage
CommunityFeatures
No Pool
ConstructionMaterials
Painted, Slump Block
Map
Nearby sales
Closed within about ¾ mile in the last 6 months (ARMLS).
| Address | Sold | Price | Beds/Baths | Sq ft | Listing brokerage |
|---|---|---|---|---|---|
| 108 W LOMA VISTA Drive 102 | Sep 17, 2026 | $220,000 | 3/2 | 1,040 | Your Home Sold Guaranteed Realty |
| 519 W 13TH Street | Sep 13, 2026 | $540,000 | 6/4 | 2,762 | Orchard Brokerage |
| 413 E BALBOA Drive | Sep 10, 2026 | $500,000 | 3/2 | 1,900 | Realty ONE Group |
| 2725 S RURAL Road 8 | Aug 31, 2026 | $205,000 | 2/1 | 884 | Keller Williams Integrity First Realty |
| 301 E 14TH Street | Aug 30, 2026 | $1,100,000 | 4/4 | 2,576 | Russ Lyon Sotheby's International Realty |
| 115 E ENCANTO Drive | Aug 27, 2026 | $886,500 | 4/3 | 2,132 | Pak Home Realty |
Source: ARMLS IDX via Ivy Realty, updated Oct 2, 4:32 PM (Arizona time).
Listing information courtesy of the Arizona Regional Multiple Listing Service (ARMLS). Information deemed reliable but not guaranteed. Copyright ARMLS.
Use of this search or AI does not create an agency relationship. Agency begins only with a written agreement with Ivy Realty.
Ivy Realty · 20325 N 51st Ave, Bldg 5, Ste 134, Glendale, AZ 85308 · (623) 299-4954 · Designated Broker Ivy Clay, License #LC722089000
Equal Housing Opportunity
Licensees: see Ivy Realty plans (100% plan $25/mo + $395 per closed transaction, or 80/20 with $0 monthly and $0 per transaction).