NOT LISTED FOR SALE

Regatta Pointe Condominiums 425 W Rio Salado Pkwy Unit 306 Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated Value: $533,825

2 Beds
2 Baths
1,300 Sq Ft
$295/mo HOA Fee

Last Sold May 20, 2021

Last sale price $426,000 $328 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $3,463/month

33 Days on Market

Highlights

  • Gated Community
  • Community Pool
  • Kitchen Island
  • Mountain View
  • Dual Vanity Sinks in Primary Bathroom
  • Central Air

About This Home

As of May 2021

Don't miss this awesome Regatta Pointe condo with amazing lake and mountain views. It's a split floorplan with an Island kitchen, granite counters and large living area. There's a private patio with views of Tempe Town Lake, Mill Avenue Bridge, The Tempe Center for the Arts and Camelback Mountain. This is an excellent opportunity to own a lakeview condo near downtown Tempe!
Regatta Pointe is a gated community surrounded by some of Tempe's finest attractions and is located just west of the famed Mill Avenue District. If you enjoy the outdoors, having miles of walking and biking trails right across the street is another huge bonus of living at 425 W Rio Salado!

Last Agent to Sell the Property

Nick Bastian

Realty Executives Arizona Territory License #SA045994000 Listed on: 04/14/2021

Realty Executives Arizona Territory

Last Buyer's Agent

Dian Bentinck

Realty ONE Group License #BR537414000

Realty ONE Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,874

Year Built

  • Built in 2002

Lot Details

  • Two or More Common Walls

HOA Fees

  • $295 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Garage Door Opener

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Built-Up Roof
  • Stucco

Interior Spaces

  • 1,300 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Floors Updated in 2021
  • Mountain Views
  • Kitchen Island

Bedrooms and Bathrooms

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

Schools

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

Utilities

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

Listing and Financial Details

  • Tax Lot 250
  • Assessor Parcel Number 124-24-111

Community Details

Overview

  • Association fees include insurance, sewer, ground maintenance, street maintenance, trash, water, maintenance exterior
  • Aam Association, Phone Number (602) 957-9191
  • High-Rise Condominium
  • Built by Picerne
  • Regatta Pointe Condominums Amd Subdivision, Lake Side Floorplan

Recreation

  • Community Pool
  • Community Spa

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,874

Year Built

Built in 2002

Lot Details

0

HOA Fees

$295 per month

Parking

1

Listing Details

  • Cross Street: Priest and Rio Salado Parkway
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Condominium
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 295.0
  • Basement: N
  • Updated Floors: Partial
  • Items Updated Floor Yr Updated: 2021
  • Parking Spaces Total Covered Spaces: 1.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2002
  • Tax Year: 2020
  • Directions: East on Rio Salado to Lakeside - south (follow around) to the gate. The lockbox tree is left of the gate before entering the complex. See the top left box. From the gate, go to the elevator, floor 3.
  • Master Model: Lake Side
  • Property Sub Type: Apartment
  • Horses: No
  • Subdivision Name: REGATTA POINTE CONDOMINUMS AMD
  • Property Attached Yn: Yes
  • Association Fees:HOA Fee2: 295.0
  • Cooling:Ceiling Fan(s): Yes
  • 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

  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Double Vanity, Kitchen Island, Pantry, Full Bth Master Bdrm
  • Living Area: 1300.0
  • Stories: 2
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Kitchen Features Pantry: Yes
  • Community Features:Gated: Yes

Exterior Features

  • Fencing: Other
  • Pool Features: None
  • Pool Private: No
  • View: City Light View(s), Mountain(s)
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Common Walls: Two Common Walls
  • Construction Type: Stucco, Wood Frame, Painted
  • Roof: Tile, Built-Up
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Garage Door Opener
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features:Garage Door Opener: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Gated, Community Spa
  • Association Fee: 295.0
  • 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: 708.0
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: AAM
  • Association Fees:HOA Management Phone: 602-957-9191
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:Street Maint: Yes
  • 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

Fee Information

  • Association Fee Includes: Insurance, Sewer, Maintenance Grounds, Street Maint, Trash, Water, Maintenance Exterior

Schools

  • Elementary School: Scales Technology Academy
  • High School: Tempe High School
  • 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: 132.0
  • Parcel #: 124-24-111

Building Info

  • Builder Name: Picerne

Tax Info

  • Tax Annual Amount: 2874.0
  • Tax Book Number: 124.00
  • Tax Lot: 250
  • Tax Map Number: 24.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2021
Closed on
Apr 25, 2021
Sold by
Rice Stephen and Rice Jody
Bought by
Owens Ryan Chase
Seller's Agent
Nick Bastian
Realty Executives Arizona Territory
Buyer's Agent
Dian Bentinck
Realty ONE Group
List Price
$415,000
Sold Price
$426,000
Premium/Discount to List
$11,000
2.65%
Current Estimated Value
$533,825

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$107,825
Avg. Annual Appreciation
4.95%
Original Mortgage
$340,800
Outstanding Balance
$309,506
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$214,051

Purchase Details

Closed on
Feb 12, 2018
Sold by
Rice Stephen L and Rice Jody Nemish
Bought by
Rice Stephen and Rice Jody

Purchase Details

Closed on
Jan 24, 2006
Sold by
Schneider Neil S and Katz Howard A
Bought by
Rice Stephen L and Rice Jody Nemish

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 21, 2003
Sold by
Regatta Pointe Llc
Bought by
Schneider Neil S and Katz Howard A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,795
Interest Rate
4.62%
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
Owens Ryan Chase -- Lawyers Title Of Arizona Inc
Rice Stephen -- None Available
Rice Stephen L $420,000 Capital Title Agency Inc
Schneider Neil S $258,494 Lawyers Title Of Arizona Inc
Regatta Pointe Llc -- Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Owens Ryan Chase $340,800
Previous Owner Rice Stephen $217,000
Previous Owner Rice Stephen L $310,000
Previous Owner Schneider Neil S $206,795
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2021 05/20/21 Sold $426,000 +2.7% $328 / Sq Ft
04/17/2021 04/17/21 Pending -- -- --
03/15/2021 03/15/21 For Sale $415,000 -- $319 / 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 $3,106 $27,725 -- --
2024 $3,068 $26,405 -- --
2023 $3,068 $36,400 $7,280 $29,120
2022 $2,943 $31,160 $6,230 $24,930
2021 $2,963 $29,110 $5,820 $23,290
2020 $2,874 $28,270 $5,650 $22,620
2019 $2,819 $26,410 $5,280 $21,130
2018 $2,749 $27,120 $5,420 $21,700
2017 $2,667 $26,210 $5,240 $20,970
2016 $2,648 $22,110 $4,420 $17,690
2015 $2,544 $20,550 $4,110 $16,440
Source: Public Records

Agents Affiliated with this Home

  • Nick Bastian

    Seller's Agent in 2021

    Nick Bastian

    Realty Executives

    (602) 803-6425

    6 in this area

    135 Total Sales

    Nick Bastian
    Section Image
  • Dian Bentinck

    Buyer's Agent in 2021

    Dian Bentinck

    Realty One Group

    (602) 576-6854

    1 in this area

    66 Total Sales

    Dian Bentinck
    Section Image
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About Regatta Pointe Condominiums

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6207702

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-24-111

Arizona Maricopa County Tempe 85281 Downtown Tempe

425 W Rio Salado Pkwy Unit 306, Tempe, AZ

This home is located at 425 W Rio Salado Pkwy Unit 306, Tempe, AZ 85281 since 14 April 2021 and is currently priced at $533,825, approximately $410 per square foot. This property was built in 2002. 425 W Rio Salado Pkwy Unit 306 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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