NOT LISTED FOR SALE

Regatta Pointe Condominiums 425 W Rio Salado Pkwy Unit 114 Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated Value: $465,778 - $546,000

2 Beds
2 Baths
1,022 Sq Ft
2002 Built

Last Sold March 07, 2017

Last sale price $263,000 $257 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $2,954/month

6 Days on Market

Highlights

  • Fitness Center
  • Gated Parking
  • City Lights View
  • Heated Spa
  • Gated Community
  • Waterfront

About This Home

As of March 2017

Don't miss this rare opportunity to own a lake front unit! Close to Mill Ave, Bus and Light Rail, Phoenix Zoo, Shopping, Nightlife, Desert Botanical Gardens, Tempe Beach Park and Town Lake, Arizona State University, Sky Harbor Airport and freeways. This 2-bed, 2-bath unit has an amazing view of the Tempe Town Lake and Park. The upgrades include, ceramic wood plank floors/baseboards, Great room and Master bedroom face the lake, split floor plan, attached garage, washer/dryer located in unit, heated pool and spa, workout facility, and much more!

Last Agent to Sell the Property

Vincent Fumusa

HomeSmart License #SA515405000 Listed on: 01/31/2017

HomeSmart

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,700

Year Built

  • Built in 2002

Lot Details

  • Waterfront
  • Desert faces the front and back of the property
  • Block Wall Fence

Parking

  • 1 Car Garage
  • Garage Door Opener
  • Gated Parking
  • Parking Permit Required

Property Views

  • City Lights
  • Mountain

Home Design

  • Santa Barbara Architecture
  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 1,022 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows

Kitchen

  • Breakfast Bar
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Pool

  • Heated Spa
  • Heated Pool

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
  • Tempe High School

Utilities

  • Refrigerated Cooling System
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 160
  • Assessor Parcel Number 124-24-069

Community Details

Overview

  • Property has a Home Owners Association
  • Regatta Pointe Association, Phone Number (602) 957-9191
  • Built by Picerne
  • Regatta Pointe Condominums Amd Subdivision
  • Community Lake

Recreation

  • Heated Community Pool
  • Community Spa
  • Bike Trail

Security

  • Gated Community
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,700

Year Built

Built in 2002

Lot Details

0

Parking

1

Listing Details

  • Cross Street: Rio Salado Pkwy & Priest
  • Legal Info Range: 4E
  • Property Type: Residential
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 255.0
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 1.0
  • Parking Spaces Total Covered Spaces: 1.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2002
  • Tax Year: 2016
  • Directions: East on Rio Salado Pkwy to entrance on south side of Pkwy.
  • Property Sub Type: Apartment Style/Flat
  • Subdivision Name: REGATTA POINTE CONDOMINUMS AMD
  • Architectural Style: Santa Barbara/Tuscan
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: Assessor
  • Association Fees:HOA Fee2: 255.0
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Laundry:Washer Included: Yes
  • Laundry:Dryer Included: Yes
  • Technology:Cable TV Avail: Yes
  • Technology:High Speed Internet Available: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Spa Features: Community, Heated, None
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Upstairs, Breakfast Bar, Elevator, Fire Sprinklers, Pantry, Double Vanity, Full Bth Master Bdrm, High Speed Internet
  • Living Area: 1022.0
  • Stories: 2
  • Window Features: Double Pane Windows
  • Fireplace:No Fireplace: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Dishwasher2: Yes
  • Community Features:Gated Community2: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:BikingWalking Path: Yes
  • Community Features:Community Pool Htd: Yes
  • Community Features:Community Spa Htd: Yes
  • Community Features:Workout Facility: Yes
  • Kitchen Features:Disposal2: Yes
  • Kitchen Features:Refrigerator2: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Community Features:Near Bus Stop: Yes
  • Kitchen Features:Cook Top Elec: Yes
  • Community Features:Lake Subdivision: Yes
  • Community Features:Near Light Rail Stop: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Balcony
  • Lot Features: Desert Back, Desert Front
  • Pool Features: Community, Heated, None
  • View: City Lights, Mountain(s)
  • Waterfront: Yes
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Common Walls: Neighbor Above
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Balcony: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Addtn'l Purchasable, Electric Door Opener, Gated, Permit Required
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Open Parking Spaces: 1.0
  • Parking Features:Electric Door Opener: Yes
  • Parking Features:Gated Parking: Yes
  • Parking Features:PermitDecal Req_squote_d: Yes
  • Parking Features:Addtn_squote_l Purchasable: Yes

Utilities

  • Cooling: Refrigeration, Ceiling Fan(s)
  • Heating: Electric
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Security: Gated Community
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Near Light Rail Stop, Near Bus Stop, Lake Subdivision, Biking/Walking Path, Fitness Center
  • Association Fee Frequency: Monthly
  • Association Name: Regatta Pointe
  • Phone: 602-957-9191
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Regatta Pointe
  • Association Fees:HOA Telephone4: 602-957-9191
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 612.0
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:Exterior Mnt of Unit: Yes
  • Association Fee Incl:Blanket Ins Policy: Yes
  • Association Fee Incl:Water6: Yes
  • Association Fee Incl:Sewer6: Yes
  • Association Fee Incl:Garbage Collection2: Yes

Schools

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 102.0
  • Parcel #: 124-24-069
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Picerne

Tax Info

  • Tax Annual Amount: 1700.0
  • Tax Book Number: 124.00
  • Tax Lot: 160
  • Tax Map Number: 24.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 29, 2017
Sold by
Ressler Dennis J and Ressler Lori L H
Bought by
Ressler Dennis J and Ressler Lori L H
Current Estimated Value
$499,445

Purchase Details

Listed on
Jan 31, 2017
Closed on
Feb 27, 2017
Sold by
Merritt Frank F and Merritt Mary P
Bought by
Ressler Dennis J and Ressler Lori L H
Seller's Agent
Vincent Fumusa
HomeSmart
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$263,000
Sold Price
$263,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.87%

Purchase Details

Listed on
Mar 19, 2013
Closed on
Apr 24, 2013
Sold by
Tuccillo Michael and Tuccillo Diane
Bought by
Merritt Frank and Merritt Mary
Seller's Agent
Russell Hickman
AZ Brokerage Holdings, LLC
Buyer's Agent
Vincent Fumusa
HomeSmart
List Price
$260,000
Sold Price
$260,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.30%
Original Mortgage
$208,000
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 21, 2010
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Tuccillo Michael and Tuccillo Diane

Purchase Details

Closed on
Aug 9, 2010
Sold by
Niebling Timothy and Niebling Rosa
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Jun 22, 2006
Sold by
Rice Blaine D
Bought by
Niebling Timothy and Niebling Rosa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,200
Interest Rate
6.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 22, 2003
Sold by
Regatta Pointe Llc
Bought by
Rice Blaine D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,968
Interest Rate
5.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 22, 2002
Sold by
Picerne Rio Salado Llc
Bought by
Regatta Pointe Llc
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
Ressler Dennis J -- None Available
Ressler Dennis J $263,000 First American Title Ins
Merritt Frank $260,000 Lawyers Title Of Arizona Inc
Tuccillo Michael $139,000 Great American Title Agency
Federal Home Loan Mortgage Corp $153,000 Great American Title Agency
Niebling Timothy $408,000 Fidelity National Title
Rice Blaine D $239,967 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 Merritt Frank $208,000
Previous Owner Niebling Timothy $367,200
Previous Owner Rice Blaine D $227,000
Previous Owner Rice Blaine D $227,968
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2017 03/07/17 Sold $263,000 0.0% $257 / Sq Ft
02/05/2017 02/05/17 Pending -- -- --
01/30/2017 01/30/17 For Sale $263,000 +1.2% $257 / Sq Ft
04/29/2013 04/29/13 Sold $260,000 0.0% $254 / Sq Ft
03/26/2013 03/26/13 Pending -- -- --
03/19/2013 03/19/13 For Sale $260,000 -- $254 / 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 $2,782 $24,834 -- --
2024 $2,748 $23,652 -- --
2023 $2,748 $34,630 $6,920 $27,710
2022 $2,636 $29,230 $5,840 $23,390
2021 $2,655 $27,610 $5,520 $22,090
2020 $2,574 $26,600 $5,320 $21,280
2019 $2,525 $24,210 $4,840 $19,370
2018 $2,462 $24,860 $4,970 $19,890
2017 $2,389 $23,860 $4,770 $19,090
2016 $2,058 $19,980 $3,990 $15,990
2015 $1,991 $18,500 $3,700 $14,800
Source: Public Records

Agents Affiliated with this Home

  • Vincent Fumusa

    Seller's Agent in 2017

    Vincent Fumusa

    HomeSmart

    (480) 889-3700

    1 in this area

    70 Total Sales

    Vincent Fumusa
    Section Image

  • N

    Buyer's Agent in 2017

    Non-MLS Agent

    Non-MLS Office

  • R

    Seller's Agent in 2013

    Russell Hickman

    Realty Executives

    Section Image
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About Regatta Pointe Condominiums

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5553985

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-24-069

Arizona Maricopa County Tempe 85281 Downtown Tempe

425 W Rio Salado Pkwy Unit 114, Tempe, AZ

This home is located at 425 W Rio Salado Pkwy Unit 114, Tempe, AZ 85281 since 31 January 2017 and is currently estimated at $499,445, approximately $488 per square foot. This property was built in 2002. 425 W Rio Salado Pkwy Unit 114 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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