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Backup Offers

425 W Rio Salado Pkwy Unit 116, Tempe, AZ, 85281

$529,000

Home List Price

$6,282*

Closing Credit

2 Bedrooms
2 Baths
1,048 SqFt
$505/SqFt
Multi
Schools Nearby

Location

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425 W Rio Salado Pkwy Unit 116, Tempe$529,000

Buyer Closing Credits

$6,282*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingCommon
Garage2 spaces
Year Built2002
HeatingElectric
CoolingCeiling Fan(s)
FireplaceNone
ViewMountain(s)
MLS #6702778
StatusAccepting Backup Offers

About 425 W Rio Salado Pkwy Unit 116

Experience the pinnacle of Tempe living at this exquisite 2 bed, 2 balcony, 2 car garage, end unit condominium, perfectly situated with breathtaking views of the serene lake and the bustling cityscape. Step inside to discover a world of elegance, from the sleek convection oven in the kitchen with a view to the spacious living area adorned with high-end appliances, fixtures, and panoramic windows showcasing the stunning beach park views. This meticulously designed home offers a master suite retreat with a lavish ensuite bathroom, while each additional bedroom boasts its unique charm. Enjoy the convenience of urban living with proximity to ASU. Enjoy top-notch dining, shopping, and entertainment options. Don't miss your chance to indulge in the extraordinary lifestyle at Tempe's waterfront.

Property Details

Property Features

Property Information:

  • Year Built: 2002
  • Stories: 3
  • Living Area: 1,048 SqFt

Listing Office:

  • Office Name: Realty ONE Group
  • Office Phone: (480) 321-8100
  • Listing Agent: Jack Burns

Interior Features

Interior Information:

  • Flooring Type: Carpet, Tile
  • Interior: Eat-in Kitchen, Fire Sprinklers, 3/4 Bath Master Bdrm, Double Vanity, High Speed Internet
  • Fireplace: None

Bedroom and Bathroom Information:

  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

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

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Common

Lot Features

Lot Information:

  • Lot: Corner Lot

Utilities

Utilities Information:

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

School Info

Assigned Schools Information:

  • Gililland Middle School, Public District Grades 6-8
  • Ward Traditional Academy, Public District Grades KG-8
  • Scales Technology Academy, Public District Grades KG-5

Other

Directions Information:

  • Directions: West on Rio Salado to Regatta Pointe on left. Turn left into driveway enter gate code and pull up to gate to open. Turn left into driveway on Lakeside. Use Visitor Parking (Yellow curb only).

Price Information

Listing Price Info

Price Summary:

  • List Price: $529,000
  • Price Per SqFt: $505/SqFt

HOA Fees:

  • Amount: $384
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $2,363
  • 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

$470.2K

Med. Price/SqFt

$302

Avg. Days On Market

42

# of Sold Homes

111

425 W Rio Salado Pkwy Unit 116 vs Tempe

15 DAYS ON ROCKET

-27 Days

$529,000

+$58.7K More

$505/SqFt

+$202 More

KEY TAKEAWAY

This property is $58.7K more than the Median Sold Price and $202/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: #6702778

Listing Office:

  • Office Name: Realty ONE Group
  • Office Phone: (480) 321-8100
  • Listing Agent: Jack Burns

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: 6/1/2024, 1:20:38 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

May 16, 2018Home Sold
$329,000
Jan 11, 2016Home Sold
$273,500
Apr 28, 2010Home Sold
$242,000
Aug 17, 2009Home Sold
$205,000
Aug 04, 2009Home Sold
$173,000
Aug 17, 2006Home Sold
$420,000
Apr 29, 2005Home Sold
$320,000
Sep 18, 2003Home Sold
$217,080

Tax History

YEARPROP. TAXASSESSMENT
2021$2,363$28,000
2020$2,284$27,020
2019$2,180$24,620
2017$2,440$24,280

History based on county public records data.

Payment Calculator

$3,092

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,652

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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.

Elementary School

school-card-donut-6414891
3
/10

  • Scales Technology Academy

  • 1115 W 5th St

  • 0.72 miles

  • Public District Grades KG-5

Middle School

school-card-donut-6414892
2
/10

  • Gililland Middle School

  • 1025 S Beck Ave

  • 1.09 miles

  • Public District Grades 6-8

school-card-donut-6414893
10
/10

  • Ward Traditional Academy

  • 1965 E Hermosa Dr

  • 3.94 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 $35,090. Residents of Tempe, AZ typically earn less than $35k each year. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Arizona›Maricopa County›Tempe›85281›425 W Rio Salado Pkwy Unit 116

This home is located at 425 W Rio Salado Pkwy Unit 116 in Tempe, AZ and zip code 85281. This 1,048 square foot home was built in 2002. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 17, 2024 and is currently priced at $529,000.

In April 2024 more than 17 listings in Tempe, AZ were sold above the asking price. During the same period more than 27 listings were sold at asking price, while more than 67 were sold below. In April 2024 in Tempe, AZ there were 10.4% more homes for sale than in March 2024. In April 2024 median list price was $470,285 and the average listing age was 42 days.

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

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