111 E BONITA Way, Tempe, AZ 85281
UNIVERSITY ESTATES · Maricopa County
Key Facts
Listing Courtesy: eXp Realty - 8888977821
Description
Premier ASU Investment Opportunity! Fully renovated and move-in ready, this rare property sits on an oversized 11,000+ sq. ft. lot just minutes from Arizona State University. Ideal as a high-demand student rental, owner-occupied investment, or long-term hold. The expansive lot offers future value-add potential, including the possibility of an ADU, casita, or other improvements (buyer to verify with the City of Tempe). Conveniently located near ASU, Tempe Marketplace, Downtown Tempe, Loop 202, and Sky Harbor Airport. A unique opportunity to own a turnkey property with immediate rental appeal and long-term upside in one of Tempe's most desirable locations.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Ranch
Year Built
1951
Stories
1
Living Area
1,572 sq ft
Lot Size
0.26 acres
Garage Spaces
1.5
Parking Spaces
6
Listing #
7017678
Property Features
Interior
Appliances
Cooling
Heating
Flooring
Parking
Laundry
Patio
Fencing
Construction
Roof
Utilities
Sewer
Water Source
Schools
- Elementary:
- Broadmor Elementary School
- Middle:
- Connolly Middle School
- High:
- Tempe High School
Financial Details
HOA
None
Annual Taxes
$1,683
Tax year 2025
Parcel Number
133-16-104
Directions
Head toward S Mill Ave. Turn left onto E Broadway Rd. Turn left onto S Encanto Dr. Turn right onto E Bonita Way. Home will be on the right.
Affordability Calculator
$138,580
Estimated monthly payment
$3,688/mo
Principal $554,320 · Est. interest $773,326 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Tempe, AZ
- $476,471
- Median Listing Price
- 54
- Median Days on Market
- 1,471
- Median Sq Ft
- $313
- Median Price / Sq Ft
- 472
- Active Listings
- This home’s price is 45% above the area median.
- Its price per sq ft is 41% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Tempe, AZ.
Location
Points of Interest in Tempe, AZ
Showing the Tempe area map.
Nearby Schools
Heartprints Montessori
Elementary · 0.2 mi away
Tempe High School
Secondary · 0.2 mi away
Broadmor Elementary School
Elementary · 0.3 mi away
McKemy Middle School
School · 0.4 mi away
Lattie F. Coor Hall
School · 0.8 mi away
Our Lady of Mt Carmel School
Elementary · 0.8 mi away
International Commerce High School - Tempe
Secondary · 0.9 mi away
Humanities and Sciences Academy
School · 0.9 mi away
Harrison Middleton University
School · 0.9 mi away
Phoenix Metro Islamic School
School · 1.1 mi away
Learning Crssrads Bsic Academy
School · 1.1 mi away
New School for the Arts and Academics
Secondary · 1.2 mi away
Gililland Middle School
Secondary · 1.2 mi away
Tempe Elementary School District
Elementary · 1.2 mi away
Holdeman Elementary School
Elementary · 1.2 mi away
Emmanuel Lutheran School
School · 1.3 mi away
Grace Community Christian School
Secondary · 1.4 mi away
360 Educational Services
School · 1.4 mi away
Meyer Montessori
Elementary · 1.4 mi away
Scales Technology Academy
Secondary · 1.5 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1906 E MINTON Drive, Tempe, AZ | $489,000 | 4 | 2 | 1,903 |
| 618 W 12TH Street, Tempe, AZ | $489,900 | 3 | 2 | 1,210 |
| 2329 E CONCORDA Drive, Tempe, AZ | $490,000 | 4 | 3 | 1,850 |
| 1426 E WILLIAMS Street, Tempe, AZ | $492,000 | 4 | 2 | 1,544 |
| 409 E PEGASUS Drive, Tempe, AZ | $494,000 | 4 | 2 | 1,388 |
| 315 S BECK Avenue, Tempe, AZ | $495,000 | 4 | 2 | 1,200 |
Moving Cost Estimate
EXIT Agents in Tempe
Last Updated: 2026-04-22