5 months on rocket

120 E Rio Salado Pkwy Unit 406, Tempe, AZ, 85281

$475,000

Home List Price

$5,641*

Closing Credit

1 Bedroom
2 Baths
1,166 SqFt
$407/SqFt
Multi

Location

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120 E Rio Salado Pkwy Unit 406, Tempe$475,000

Buyer Closing Credits

$5,641*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingAssigned, Gated, Electric Vehicle Charging Station(s)
Garage1 space
Year Built2006
HeatingElectric
FireplaceNone
ViewCity Lights, Mountain(s)
MLS #6728924
Lot Size0.03 Acres
StatusActive

About 120 E Rio Salado Pkwy Unit 406

NO HOA FEES FOR THE FIRST 12 MONTHS...Welcome to luxury living at its finest; the elegant Edgewater Condominiums over Tempe Town Lake with majestic mountain views. This 1 bedroom, 1.5 bathrooms unit features beautiful wood flooring, tall ceilings, oversized patios and triple pane windows. The high end kitchen boasts a gas range, granite countertops and ample storage space. Dedicated EV Charger and 2 large private storage closets. Whether you're taking a dip in the pool or playing pool in the game room, the top notch amenities are second to none. Great walkability to ASU, Mill Ave, restaurants and shopping and of course quick access to the light rail. Get a front row see to the glistening light of the Mill Ave Bridge. Come take a look at all this incredible Tempe property has to offer.

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary, Other (See Remarks)
  • Year Built: 2006
  • Stories: 1
  • Living Area: 1,166 SqFt

Listing Office:

  • Office Name: Compass
  • Office Phone: (480) 776-1555
  • Listing Agent: Christopher V Karas, Marissa Kline

Interior Features

Interior Information:

  • Flooring Type: Tile, Wood
  • Interior: Pantry, Double Vanity, Full Bth Master Bdrm, Separate Shwr & Tub, High Speed Internet
  • Fireplace: None

Bedroom and Bathroom Information:

  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

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

Parking Information:

  • Garage Space: 1 space
  • Parking: Assigned, Gated, Electric Vehicle Charging Station(s)

Lot Features

Lot Information:

  • Lot Size: 0.03 Acres

Utilities

Utilities Information:

  • Heating: Electric

Other

Directions Information:

  • Directions: From Mill Ave and Rio Salado Parkway, travel Eastbound on Rio Salado, turn left at first light and then a right into building driveway. Underground parking available at end of driveway.

Price Information

Listing Price Info

Price Summary:

  • List Price: $475,000
  • Price Per SqFt: $407/SqFt

HOA Fees:

  • Amount: $1115
  • Frequency: Monthly
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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

$479.7K

Med. Price/SqFt

$304

Avg. Days On Market

52

# of Sold Homes

82

120 E Rio Salado Pkwy Unit 406 vs Tempe

165 DAYS ON ROCKET

+113 Days

$475,000

-$4.7K Less

$407/SqFt

+$102 More

KEY TAKEAWAY

This property is $4.7K less than the Median Sold Price and $102/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: #6728924

Listing Office:

  • Office Name: Compass
  • Office Phone: (480) 776-1555
  • Listing Agent: Christopher V Karas, Marissa Kline

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: 12/22/2024, 6:21:04 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$3,553

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,491

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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.

Nearby Schools

school-card-donut-900369
3
/10

  • Scales Technology Academy

  • 1115 W 5th St

  • 1.12 miles

  • Public District Grades KG-5

school-card-donut-900370
6
/10

  • Broadmor Elementary School

  • 311 E Aepli Dr

  • 1.87 miles

  • Public District Grades KG-5

school-card-donut-900371
2
/10

  • Holdeman Elementary School

  • 1326 W 18th St

  • 1.96 miles

  • Public District Grades KG-5

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. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Arizona›Maricopa County›Tempe›85281›120 E Rio Salado Pkwy Unit 406

This home is located at 120 E Rio Salado Pkwy Unit 406 in Tempe, AZ and zip code 85281 in the Downtown Tempe neighborhood. This 1,166 square foot home, which was built in 2006, sits on a 0.03 acre lot. Features: 1 bedroom, 2 bathrooms. It has been listed on Rocket Homes since July 09, 2024 and is currently priced at $475,000.

Over 13 listings were sold over their listed price in November 2024 in Tempe, AZ. In the same period over 46 listings were sold below the listed price and 23 listings were sold for the listed price. Between October 2024 and November 2024, Tempe, AZ real estate market has seen decrease in the number of listings by 3.3%. Listings spent 52 days on the market in November 2024, and had a median list price of $479,747 during the same period.

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

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