NOT LISTED FOR SALE

Regatta Pointe Condominiums 425 W Rio Salado Pkwy Unit 101 Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated Value: $466,997 - $564,000

2 Beds
2 Baths
1,048 Sq Ft
$260/mo HOA Fee

Last Sold March 13, 2013

Last sale price $248,000 $237 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $3,342/month

5 Days on Market

Highlights

  • Fitness Center
  • Gated Community
  • Property is near public transit
  • Gated Parking
  • Mountain View
  • End Unit

About This Home

As of March 2013

This is an incredible opportunity to own an amazing property on the south side of Tempe Town Lake. Regatta Pointe is surrounded by some of Tempe’s finest attractions and is located just west of the famed Mill Avenue District on the south side of Tempe Town Lake.
Enjoy absolutely stunning views right from your own beautiful windows. Lake views, mountain views, city views, they are all here. You will love being just minutes from Tempe Beach Park, the Tempe Center for the Arts, the Phoenix zoo, Sky Harbor International Airport, ASU, the Phoenix light rail line, taking a leisurely hike up Hayden Butte and so much more. Awesome floor plan, granite counters, very clean, garage and 2 assigned covered parking spaces ( rare to have this much parking )MUST see it!

Last Agent to Sell the Property

Nick Bastian

Realty Executives Arizona Territory License #SA045994000 Listed on: 12/28/2012

Realty Executives Arizona Territory

Last Buyer's Agent

Jacques-Henri Munro

Munro Realty International License #BR036026000

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,700

Year Built

  • Built in 2002

Lot Details

  • Desert faces the front of the property
  • End Unit
  • Wrought Iron Fence

HOA Fees

  • $260 Monthly HOA Fees

Parking

  • 1 Car Garage
  • 2 Carport Spaces
  • Garage Door Opener
  • Gated Parking
  • Assigned Parking

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Stucco

Interior Spaces

  • 1,048 Sq Ft Home
  • 3-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Mountain Views
  • Security System Owned

Kitchen

  • Breakfast Bar
  • Built-In Microwave
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 2 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom

Outdoor Features

  • Balcony

Location

  • Unit is below another unit
  • Property is near public transit
  • Property is near a bus stop

Schools

  • Scales Technology Academy Elementary School
  • Geneva Epps Mosley Middle School

Utilities

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

Listing and Financial Details

  • Tax Lot 147
  • Assessor Parcel Number 124-24-056

Community Details

Overview

  • Association fees include insurance, sewer, pest control, ground maintenance, trash, water, roof replacement, maintenance exterior
  • Az Comm Mgmnt Servic Association, Phone Number (480) 355-1190
  • Built by Picerne
  • Regatta Pointe Condominiums Subdivision

Recreation

  • Community Pool
  • Community Spa

Additional Features

  • Recreation Room
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,700

Year Built

Built in 2002

Lot Details

0

HOA Fees

$260 per month

Parking

1

Listing Details

  • Cross Street: Mill and Rio Salado
  • 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: 260.0
  • Basement: N
  • Updated Floors: Partial
  • Items Updated Floor Yr Updated: 2011
  • Parking Spaces Total Covered Spaces: 3.0
  • Year Built: 2002
  • Tax Year: 2012
  • Directions: From Rio Salado, turn South on to Lakeside Drive. Park in visitor parking B4 the building on your left. Use brown entry door closest to West end of the 425 building. ( see last mls photo 4 info!)
  • Property Sub Type: Apartment
  • Horses: No
  • Lot Size Acres: 0.03
  • Subdivision Name: Regatta Pointe Condominiums
  • Efficiency: Multi-Pane Wndws
  • Association Fees:HOA Fee2: 260.0
  • Dining Area:Breakfast Bar: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: 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

  • Basement: None
  • Flooring: Carpet, Tile
  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Granite Counters, Double Vanity, Breakfast Bar, 9+ Flat Ceilings, Pantry, Full Bth Master Bdrm
  • Living Area: 1048.0
  • Stories: 3
  • Community Features:ClubhouseRec Room: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:Community Spa Htd: Yes
  • Community Features:Workout Facility: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Community Features:Near Bus Stop: Yes
  • Community Features:Near Light Rail Stop: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Gated: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: See Remarks, Other, Wrought Iron
  • Exterior Features: Balcony
  • Lot Features: Desert Front
  • Pool Features: None
  • Pool Private: No
  • View: City Light View(s), Mountain(s)
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Common Walls: Neighbor Above, End Unit
  • Construction Type: Brick Veneer, Stucco, Wood Frame, Painted
  • Roof: Other
  • Construction:Frame - Wood: Yes
  • Exterior Features:Balcony: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Gated, Garage Door Opener, Assigned
  • Attached Garage: No
  • Carport Spaces: 2.0
  • Garage Spaces: 1.0
  • Parking Features:Assigned Parking: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Gated2: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
  • Security: Fire Sprinkler System, Security System Owned
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Gated, Community Spa, Community Spa Htd, Near Light Rail Stop, Near Bus Stop, Fitness Center
  • Association Fee: 260.0
  • Association Fee Frequency: Monthly
  • Association Name: AZ Comm Mgmnt Servic
  • Phone: 480-355-1190
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 400.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: AZ Comm Mgmnt Servic
  • Association Fees:HOA Telephone4: 480.355.1190
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 650.0
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fee Incl:Exterior Mnt of Unit: 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:Pest Control: Yes

Fee Information

  • Association Fee Includes: Insurance, Sewer, Pest Control, Maintenance Grounds, Trash, Water, Roof Replacement, Maintenance Exterior

Schools

  • Elementary School: Scales Technology Academy
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Geneva Epps Mosley Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 1387.0
  • Parcel #: 124-24-056

Building Info

  • Builder Name: Picerne

Tax Info

  • Tax Annual Amount: 1700.0
  • Tax Book Number: 124.00
  • Tax Lot: 147
  • Tax Map Number: 24.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2021
Sold by
Zargar Fred and Zargar Silvia
Bought by
Sfz Enterprises Llc
Current Estimated Value
$521,999

Purchase Details

Listed on
Dec 28, 2012
Closed on
Feb 13, 2013
Sold by
Girard Martin J and Girard Diane L
Bought by
Zargar Fred and Zargar Sylvia
Seller's Agent
Nick Bastian
Realty Executives Arizona Territory
Buyer's Agent
Jacques-Henri Munro
Munro Realty International
List Price
$250,000
Sold Price
$248,000
Premium/Discount to List
-$2,000
-0.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.28%
Original Mortgage
$186,000
Interest Rate
3.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 14, 2008
Sold by
Girard Martin and Girard Diane
Bought by
Girard Martin and Girard Diane

Purchase Details

Closed on
Jan 9, 2008
Sold by
Pepper Donna D
Bought by
Girard Martin and Girard Diane

Purchase Details

Closed on
May 10, 2006
Sold by
Pepper Donna D
Bought by
Pepper Donna D and Pepper Living Trust

Purchase Details

Closed on
Sep 20, 2005
Sold by
Ruzycki Casmer P
Bought by
Pepper Donna D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$301,600
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 27, 2003
Sold by
Regatta Pointe Llc
Bought by
Ruzycki Casmer P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
5.6%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sfz Enterprises Llc -- None Available
Zargar Fred $248,000 Pioneer Title Agency Inc
Girard Martin -- Security Title Agency
Girard Martin $388,500 Security Title Agency Inc
Pepper Donna D -- None Available
Pepper Donna D $377,000 Land Title Agency Of Az Inc
Ruzycki Casmer P $224,119 Lawyers Title Of Arizona Inc
Regatta Pointe Llc -- Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zargar Fred $186,000
Previous Owner Pepper Donna D $301,600
Previous Owner Ruzycki Casmer P $168,000
Closed Pepper Donna D $75,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/13/2013 03/13/13 Sold $248,000 -0.8% $237 / Sq Ft
03/06/2013 03/06/13 Price Changed $250,000 0.0% $239 / Sq Ft
01/02/2013 01/02/13 Pending -- -- --
12/28/2012 12/28/12 For Sale $250,000 -- $239 / Sq Ft
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 $2,841 $25,364 -- --
2024 $2,807 $20,995 -- --
2023 $2,807 $35,080 $7,010 $28,070
2022 $2,317 $29,660 $5,930 $23,730
2021 $2,363 $28,000 $5,600 $22,400
2020 $2,284 $27,020 $5,400 $21,620
2019 $2,240 $24,620 $4,920 $19,700
2018 $2,180 $25,270 $5,050 $20,220
2017 $2,112 $24,280 $4,850 $19,430
2016 $2,102 $20,370 $4,070 $16,300
2015 $2,033 $18,870 $3,770 $15,100
Source: Public Records

Agents Affiliated with this Home

  • Nick Bastian

    Seller's Agent in 2013

    Nick Bastian

    Realty Executives

    (602) 803-6425

    6 in this area

    135 Total Sales

    Nick Bastian
    Section Image
  • Jacques-Henri Munro

    Buyer's Agent in 2013

    Jacques-Henri Munro

    Munro Realty International

    (602) 295-1987

    53 Total Sales

    Jacques-Henri Munro
    Section Image
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About Regatta Pointe Condominiums

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4866830

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-24-056

Arizona Maricopa County Tempe 85281 Downtown Tempe

425 W Rio Salado Pkwy Unit 101, Tempe, AZ

This home is located at 425 W Rio Salado Pkwy Unit 101, Tempe, AZ 85281 since 28 December 2012 and is currently estimated at $521,999, approximately $498 per square foot. This property was built in 2002. 425 W Rio Salado Pkwy Unit 101 is a home located in Maricopa County with nearby schools including Scales Technology Academy, Geneva Epps Mosley Middle School, and Tempe High 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

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