$441,500
SOLD FEB 28, 2025

120 E Rio Salado Pkwy Unit 406 Tempe, AZ 85281

Downtown Tempe Neighborhood
1 Bed
1.5 Baths
1,166 Sq Ft
$1,060/mo HOA Fee

Recently Sold

$379 Per Sq Ft

23% Below List Price

218 Days on Market

Highlights

  • Gated Parking
  • Mountain View
  • Contemporary Architecture
  • Waterfront
  • Community Lake
  • 1-minute walk to Neil G Giuliano Park

About This Home

As of February 2025

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.

Last Agent to Sell the Property

Christopher Karas

Compass License #SA555869000 Listed on: 07/09/2024

Compass

Co-Listed By

Marissa Kline

Compass License #SA648062000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,728

Year Built

  • Built in 2006

Lot Details

  • Waterfront

HOA Fees

  • $1,060 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Electric Vehicle Home Charger
  • Gated Parking
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Built-Up Roof

Interior Spaces

  • 1,166 Sq Ft Home
  • 1-Story Property
  • Mountain Views

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • Primary Bathroom is a Full Bathroom
  • 1.5 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub With Separate Shower Stall

Outdoor Features

  • Balcony
  • Patio

Schools

  • Tempe Elementary Online Community
  • Mckemy Academy Of International Studies Middle School
  • Mcclintock High School

Utilities

  • Central Air
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 4-06
  • Assessor Parcel Number 132-20-046

Community Details

Overview

  • Association fees include roof repair, insurance, sewer, cable TV, ground maintenance, gas, trash, water, roof replacement, maintenance exterior
  • Brown Community Mgmt Association, Phone Number (480) 966-3369
  • High-Rise Condominium
  • Built by Residential Constructors
  • Edgewater Hayden Ferry Lakeside Condo Subdivision
  • Community Lake

Recreation

  • Community Pool
  • Community Spa

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,728

Year Built

Built in 2006

Lot Details

0

HOA Fees

$1,060 per month

Parking

1

Listing Details

  • Cross Street: Mill Avenue & Rio Salado Parkway
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Condominium
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 1060.0
  • Basement: N
  • Parking Spaces Total Covered Spaces: 1.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2006
  • Tax Year: 2023
  • 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.
  • Property Sub Type: Apartment
  • Horses: No
  • Lot Size Acres: 0.03
  • Co List Office Mls Id: laun001
  • Co List Office Phone: 480-776-1555
  • Subdivision Name: EDGEWATER HAYDEN FERRY LAKESIDE CONDO
  • Architectural Style: Other, Contemporary
  • Property Attached Yn: Yes
  • Association Fees:HOA Fee2: 1060.0
  • Technology:Cable TV Avail: Yes
  • Building Style:High Rise: Yes
  • Cooling:Central Air: Yes
  • Community Features:Community Spa2: Yes
  • Water Source City Water: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Tile, Wood
  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Double Vanity, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub
  • Living Area: 1166.0
  • Stories: 1
  • Community Features:Community Pool: Yes
  • Master Bathroom:Double Sinks: Yes
  • Kitchen Features Pantry: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Lake: Yes

Exterior Features

  • Fencing: None
  • Exterior Features: Balcony
  • Lot Features: Waterfront Lot
  • Pool Features: None
  • View: City Light View(s), Mountain(s)
  • Waterfront: Yes
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Other
  • Patio And Porch Features: Patio
  • Roof: Built-Up
  • Exterior Features:Patio: Yes
  • Exterior Features:Balcony: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Gated, Assigned, Electric Vehicle Charging Station(s)
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features:Assigned Parking: Yes
  • Parking Features:Electric Vehicle Charging Station(s): Yes
  • Parking Features:Gated2: Yes

Utilities

  • Cooling: Central Air
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Lake, Community Spa, Community Pool
  • Association Fee: 1060.0
  • Association Fee Frequency: Monthly
  • Association Name: Edgewater at Hayden
  • Phone: 480-551-4300
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA DisclosureAddendum Affirmation: Yes
  • Association Fees:HOA Transfer Fee2: 185.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Edgewater at Hayden
  • Association Fees:HOA Telephone4: 480-551-4300
  • Association Fees:Special Assessment HOA: No
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 0.2
  • Association Fees:Cap ImprovementImpact Fee _percent_: %
  • Association Fees:Prepaid Association Fees HOA: 1928.0
  • Association Fees:Disclosure Fees HOA: 190.0
  • Association Fees:Other Fees HOA: 185.0
  • Association Fees:Other Fees Description: New Owner Fee
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: Brown Community Mgmt
  • Association Fees:HOA Management Phone: 480-966-3369
  • Association Fee Incl:Exterior Mnt of Unit: Yes
  • Association Fee Incl:Roof Repair: Yes
  • Association Fee Incl:Roof Replacement: Yes
  • Association Fee Incl:Blanket Ins Policy: Yes
  • Association Fee Incl:Water6: Yes
  • Association Fee Incl:Sewer6: Yes
  • Association Fee Incl:Garbage Collection2: Yes
  • Association Fee Incl:Cable or Satellite: Yes
  • Association Fee Incl:Gas6: Yes

Fee Information

  • Association Fee Includes: Roof Repair, Insurance, Sewer, Cable TV, Maintenance Grounds, Gas, Trash, Water, Roof Replacement, Maintenance Exterior

Schools

  • Elementary School: Tempe Elementary Online Community
  • High School: McClintock High School
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: McKemy Academy of International Studies

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 1168.0
  • Parcel #: 132-20-046

Building Info

  • Builder Name: Residential Constructors

Tax Info

  • Tax Annual Amount: 2728.0
  • Tax Book Number: 132.00
  • Tax Lot: 4-06
  • Tax Map Number: 20.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2024
Closed on
Apr 25, 2025
Sold by
Catherine C Willenborg Living Trust and Willenborg Catherine C
Bought by
Z Dogs Llc
Seller's Agent
Christopher Karas
Compass
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$575,000
Sold Price
$441,500
Premium/Discount to List
-$133,500
-23.22%
Views
190
Current Estimated Value
$470,958

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,458
Avg. Annual Appreciation
13.94%

Purchase Details

Listed on
Jul 9, 2024
Closed on
Feb 13, 2025
Sold by
Ew Rio Salado Llc
Bought by
Catherine C Willenborg Living Trust and Willenborg
Seller's Agent
Christopher Karas
Compass
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$575,000
Sold Price
$441,500
Premium/Discount to List
-$133,500
-23.22%
Views
190

Purchase Details

Closed on
May 4, 2011
Sold by
Asrl Llc
Bought by
E W Rio Salado Llc

Purchase Details

Closed on
Nov 22, 2010
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Asrl Llc

Purchase Details

Closed on
Feb 5, 2010
Sold by
Beltz Jay H
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Jun 14, 2006
Sold by
Edgewater At Hayden Ferry Lakeside Llc
Bought by
Beltz Jay H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,500
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed $441,500 First American Title Insurance
Special Warranty Deed -- None Available
Cash Sale Deed $178,800 Stewart Title & Trust Of Pho
Trustee Deed $285,404 Security Title Agency
Special Warranty Deed $505,749 Security Title Agency Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $30,000 Unknown
Previous Owner $404,500 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2025 02/28/25 Sold $441,500 -7.1% $379 / Sq Ft
11/16/2024 11/16/24 Price Changed $475,000 -2.1% $407 / Sq Ft
09/16/2024 09/16/24 Price Changed $485,000 -11.7% $416 / Sq Ft
08/02/2024 08/02/24 Price Changed $549,000 -4.5% $471 / Sq Ft
07/09/2024 07/09/24 For Sale $575,000 0.0% $493 / Sq Ft
05/15/2015 05/15/15 Rented $1,875 -3.8% --
05/04/2015 05/04/15 Under Contract -- -- --
02/10/2015 02/10/15 For Rent $1,950 +8.6% --
02/20/2014 02/20/14 Rented $1,795 -7.9% --
02/17/2014 02/17/14 Under Contract -- -- --
09/17/2013 09/17/13 For Rent $1,950 +5.4% --
03/01/2013 03/01/13 Rented $1,850 0.0% --
02/21/2013 02/21/13 Under Contract -- -- --
01/17/2013 01/17/13 For Rent $1,850 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,761 $24,646 -- --
2024 $2,728 $23,472 -- --
2023 $2,728 $30,930 $6,180 $24,750
2022 $2,616 $27,170 $5,430 $21,740
2021 $2,634 $27,150 $5,430 $21,720
2020 $2,554 $23,580 $4,710 $18,870
2019 $2,506 $26,270 $5,250 $21,020
2018 $2,444 $27,170 $5,430 $21,740
2017 $2,371 $26,580 $5,310 $21,270
2016 $2,354 $22,760 $4,550 $18,210
2015 $2,261 $18,350 $3,670 $14,680
Source: Public Records

Agents Affiliated with this Home

  • Christopher Karas

    Seller's Agent in 2025

    Christopher Karas

    Compass

    (602) 919-6511

    1 in this area

    310 Total Sales

    Christopher Karas
    Section Image
  • Marissa Kline

    Seller Co-Listing Agent in 2025

    Marissa Kline

    Compass

    (602) 821-4479

    1 in this area

    65 Total Sales

    Marissa Kline
    Section Image

  • N

    Buyer's Agent in 2025

    Non-MLS Agent

    Non-MLS Office

  • E

    Seller's Agent in 2015

    Ellen Raymond

    DPR Realty

    (480) 994-0800

    1 in this area

    1 Total Sale

    Ellen Raymond
    Section Image

  • S

    Buyer's Agent in 2013

    Shan Askin

    Askin Real Estate

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6728924

Arizona Regional Multiple Listing Service (ARMLS)

APN: 132-20-046

Arizona Maricopa County Tempe 85281 Downtown Tempe

120 E Rio Salado Pkwy Unit 406, Tempe, AZ

This home is located at 120 E Rio Salado Pkwy Unit 406, Tempe, AZ 85281 and is currently priced at $441,500, approximately $378 per square foot. This property was built in 2006. 120 E Rio Salado Pkwy Unit 406 is a home located in Maricopa County with nearby schools including Laird Elementary School, McClintock High School, and South Pointe Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

Nearby Homes