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Backup Offers

140 E Rio Salado Pkwy Unit 504, Tempe, AZ, 85281

$725,000

Home List Price

$8,609*

Closing Credit

2 Bedrooms
2 Baths
1,761 SqFt
$412/SqFt
Multi
Schools Nearby

Location

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140 E Rio Salado Pkwy Unit 504, Tempe$725,000

Buyer Closing Credits

$8,609*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingSeparate Strge Area, Assigned, Community Structure, Gated, Electric Vehicle Charging Station(s)
Garage2 spaces
Year Built2008
HeatingElectric
CoolingCeiling Fan(s)
Fireplace1 Fireplace, Living Room, Gas
ViewCity Lights, Mountain(s)
MLS #6660933
Lot Size0.04 Acres
StatusAccepting Backup Offers

About 140 E Rio Salado Pkwy Unit 504

Enjoy the awe-inspiring sunsets and expansive 5th-floor views from this comfortably convenient 2/BR 2/BA condominium home overlooking vibrant Tempe Town Lake. Make your mark in the walkable heartbeat of downtown Tempe in this upscale, contemporary condo centrally located to major freeways and next to major employers. Display prized works of art in the enclave along the entry way separating the second bedroom and bath from the light-filled central living space and adjacent primary suite. Revel in a relaxing retreat featuring gas fireplace and sleek, polished finishes from the custom wood cabinetry in the kitchen and baths. Whip up your favorite meal in the modern, fully-appointed kitchen while engaging with your guests. Enjoy a glass of wine and views from one of two patios. Retire to your king-size primary suite with new carpet, private balcony, luxurious bath featuring separate soaking tub and shower, dual vanities and large walk-in closet. This Condo includes a large, private storage unit and two parking spaces in secure garage. Amenities include 24 hr front desk concierge, overnight security, free guest parking. This community offers heated lap pool, spa, multiple grill areas, gym, billiard room, theater, community room with kitchen, many outdoor sitting areas to enjoy our weather.

Property Details

Property Features

Property Information:

  • Year Built: 2008
  • Stories: 7
  • Living Area: 1,761 SqFt

Listing Office:

  • Office Name: HomeSmart
  • Office Phone: (480) 889-3700
  • Listing Agent: Barbara Jansen

Interior Features

Interior Information:

  • Flooring Type: Carpet, Tile
  • Interior: Breakfast Bar, 9+ Flat Ceilings, Fire Sprinklers, No Interior Steps, Kitchen Island, Pantry, Double Vanity, Full Bth Master Bdrm, Separate Shwr & Tub, High Speed Internet, Granite Counters
  • Fireplace: 1 Fireplace, Living Room, Gas

Bedroom and Bathroom Information:

  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: City Lights, Mountain(s)
  • Exterior: Balcony, Covered Patio(s)

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Separate Strge Area, Assigned, Community Structure, Gated, Electric Vehicle Charging Station(s)

Lot Features

Lot Information:

  • Lot Size: 0.04 Acres

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Ceiling Fan(s)

School Info

Assigned Schools Information:

  • Laird Elementary School, Public District Grades KG-8
  • Ward Traditional Academy, Public District Grades KG-8

Other

Directions Information:

  • Directions: West on Rio Salado to Light at Hayden Ferry. R to roundabout, turn R. Past AC Hotel to road ends. Visitor Parking on Left. Ring 01 for gate access. Front desk in South lobby has lockbox.

Price Information

Listing Price Info

Price Summary:

  • List Price: $725,000
  • Price Per SqFt: $412/SqFt

HOA Fees:

  • Amount: $1349
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $5,307
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Tempe, AZ.

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Tempe, AZ

City

Med. Sold Price

$464.9K

Med. Price/SqFt

$299

Avg. Days On Market

51

# of Sold Homes

105

140 E Rio Salado Pkwy Unit 504 vs Tempe

79 DAYS ON ROCKET

+28 Days

$725,000

+$260K More

$412/SqFt

+$112 More

KEY TAKEAWAY

This property is $260K more than the Median Sold Price and $112/SqFt more than other homes in Tempe, AZ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Arizona Regional Multiple Listing Service 2
  • MLS Number: #6660933

Listing Office:

  • Office Name: HomeSmart
  • Office Phone: (480) 889-3700
  • Listing Agent: Barbara Jansen

IDX The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2024 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 2:25:19 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 24, 2012Home Sold
$475,000
Aug 07, 2009Home Sold
$20,300,000

Tax History

YEARPROP. TAXASSESSMENT
2021$5,307$49,570
2020$5,127$43,300
2019$4,986$41,610
2017$4,821$47,150

History based on county public records data.

Payment Calculator

$5,035

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,240

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Middle School

school-card-donut-1294698
3
/10

  • Laird Elementary School

  • 1500 N Scovel St

  • 1.35 miles

  • Public District Grades KG-8

school-card-donut-1294699
8
/10

  • Ward Traditional Academy

  • 1965 E Hermosa Dr

  • 3.69 miles

  • Public District Grades KG-8

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $87,500. Typical income of Tempe, AZ residents is between $35k-100k annually. The majority of families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Arizona›Maricopa County›Tempe›85281›140 E Rio Salado Pkwy Unit 504

This home is located at 140 E Rio Salado Pkwy Unit 504 in Tempe, AZ and zip code 85281 in the Downtown Tempe neighborhood. This 1,761 square foot home, which was built in 2008, sits on a 0.04 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 07, 2024 and is currently priced at $725,000.

Over 16 listings were sold over their listed price in March 2024 in Tempe, AZ. In the same period over 53 listings were sold below the listed price and 36 listings were sold for the listed price. The number of homes for sale in Tempe, AZ increased by 0.3% between February 2024 and March 2024. The median list price of listings available in March 2024 was $464,944, while the average time on the real estate market was 51 days.

From Rocket Homes Real Estate and based on county public records data.

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