NOT LISTED FOR SALE

Regatta Pointe Condominiums 425 W Rio Salado Pkwy Unit 311 Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated Value: $546,000 - $690,000

2 Beds
2.5 Baths
1,456 Sq Ft
$405/Sq Ft Est. Value

Last Sold July 14, 2021

Last sale price $485,000 $333 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $3,807/month

27 Days on Market

Highlights

  • Gated Community
  • Mountain View
  • Property is near public transit
  • Waterfront
  • Community Lake
  • Vaulted Ceiling

About This Home

As of July 2021

Panoramic Views! Enjoy magnificent sunsets and views from 2 balconies overlooking Tempe Town Lake, Papago Park and Downtown. One of the best unit location and sizes in Regatta Pointe. Experience urban living with the privacy of a gated community. Enjoy the walking/biking path on the lakefront or relax by the sparkling community pool. Primary bedroom with private balcony, spacious walk in closet, and en-suite bath. Expansive great room opens to the large balcony overlooking the lake and Tempe Beach Park. Private loft perfect for a home office or den. New a/c unit installed 6/21, 2 car tandem garage and full size washer/dryer. Walking/biking distance to fabulous dining, shopping, and entertainment along Mill Ave. Close proximity to ASU.

Last Agent to Sell the Property

Nancy Villemez

Realty Executives Arizona Territory License #SA567392000 Listed on: 06/19/2021

Realty Executives Arizona Territory

Last Buyer's Agent

Suzi McCoy

DeLex Realty License #SA583787000

DeLex Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,288

Year Built

  • Built in 2002

Lot Details

  • 69 Sq Ft Lot
  • Waterfront

HOA Fees

  • $295 Monthly HOA Fees

Parking

  • 2 Car Detached Garage
  • Oversized Parking
  • Tandem Garage
  • Garage Door Opener

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Stucco

Interior Spaces

  • 1,456 Sq Ft Home
  • 3-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Mountain Views
  • Built-In Microwave

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2.5 Bathrooms

Outdoor Features

  • Balcony

Location

  • 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

  • Cooling System Updated in 2021
  • Zoned Heating and Cooling System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 254
  • Assessor Parcel Number 124-24-115

Community Details

Overview

  • Association fees include roof repair, insurance, sewer, ground maintenance, street maintenance, trash, water, roof replacement, maintenance exterior
  • Aam Association, Phone Number (605) 957-9191
  • Built by Picerne
  • Regatta Pointe Condominums Amd Subdivision
  • Community Lake

Recreation

  • Community Pool
  • Community Spa
  • Bike Trail

Additional Features

  • Recreation Room
  • Gated Community

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,288

Year Built

Built in 2002

Lot Details

0

HOA Fees

$295 per month

Parking

2

Listing Details

  • Cross Street: Rio Salado Pkwy & Priest Dr
  • 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: 295.0
  • Basement: N
  • Items Updated Ht Cool Yr Updated: 2021
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2002
  • Tax Year: 2020
  • Directions: East from Priest Dr on Rio Salado Pkwy to Lakeside Dr. Thru gate and park in the circular area and go up the elevator. Building is located in the north side of the development.
  • Property Sub Type: Townhouse
  • Horses: No
  • Subdivision Name: REGATTA POINTE CONDOMINUMS AMD
  • Efficiency: Multi-Zones
  • Property Attached Yn: Yes
  • Association Fees:HOA Fee2: 295.0
  • Windows:Dual Pane: 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

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 4
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Vaulted Ceiling(s), Pantry, 3/4 Bath Master Bdrm
  • Living Area: 1456.0
  • Stories: 3
  • Window Features: Dual Pane
  • Community Features:ClubhouseRec Room: Yes
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Community Features:BikingWalking Path: Yes
  • Community Features:Community Spa Htd: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Community Features:Near Bus Stop: Yes
  • Other Rooms:Loft: Yes
  • Community Features:Near Light Rail Stop: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Gated: 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: Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted
  • Roof: Foam
  • Construction:Frame - Wood: Yes
  • Exterior Features:Balcony: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Tandem Garage, Garage Door Opener, Extended Length Garage, Detached
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features:Detached: Yes
  • Parking Features:Tandem Garage: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Extended Length Garage: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Lake, Gated, Community Spa, Community Spa Htd, Community Pool, Near Light Rail Stop, Near Bus Stop, Biking/Walking Path
  • Association Fee: 295.0
  • Association Fee Frequency: Monthly
  • Association Name: Regatta Pointe
  • Phone: 605-957-9191
  • 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: 605-957-9191
  • 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 Fee Incl:Street Maint: Yes
  • 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

Fee Information

  • Association Fee Includes: Roof Repair, Insurance, Sewer, Maintenance Grounds, Street Maint, Trash, Water, Roof Replacement, 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: 69.0
  • Parcel #: 124-24-115

Building Info

  • Builder Name: Picerne

Tax Info

  • Tax Annual Amount: 3288.0
  • Tax Book Number: 124.00
  • Tax Lot: 254
  • Tax Map Number: 24.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 24, 2023
Sold by
4040 West Peoria Llc
Bought by
425 W Rio Salado Pkwy Llc
Current Estimated Value
$590,232

Purchase Details

Listed on
Jun 19, 2021
Closed on
Jul 12, 2021
Sold by
Chin Michael C H
Bought by
4040 West Peoria Llc
Seller's Agent
Nancy Villemez
Realty Executives Arizona Territory
Buyer's Agent
Suzi McCoy
DeLex Realty
List Price
$485,000
Sold Price
$485,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.88%

Purchase Details

Closed on
Apr 16, 2019
Sold by
Chin Samuel W L and Chin Mary Elizabeth
Bought by
Cain Michael C H

Purchase Details

Closed on
Jun 23, 2004
Sold by
Chin Michael C H
Bought by
Chin Michael C H and Chin Samuel W L

Purchase Details

Closed on
Jun 22, 2004
Sold by
Christensen Donald
Bought by
Chin Michael

Purchase Details

Closed on
Sep 16, 2003
Sold by
Regatta Pointe Llc
Bought by
Christensen Goerge W
Source: Public Records

Range of Values:

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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
425 W Rio Salado Pkwy Llc -- --
4040 West Peoria Llc $485,000 Chicago Title Agency
Cain Michael C H -- None Available
Chin Michael C H -- First American Title
Chin Michael $305,000 First American Title Ins Co
Christensen Goerge W $284,954 Lawyers Title Of Arizona Inc
Regatta Pointe Llc -- Lawyers Title Of Arizona Inc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2021 07/14/21 Sold $485,000 0.0% $333 / Sq Ft
06/30/2021 06/30/21 Pending -- -- --
06/03/2021 06/03/21 For Sale $485,000 -- $333 / 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 $3,554 $31,727 -- --
2024 $3,511 $30,216 -- --
2023 $3,511 $40,800 $8,160 $32,640
2022 $3,368 $34,400 $6,880 $27,520
2021 $3,391 $32,230 $6,440 $25,790
2020 $3,288 $31,220 $6,240 $24,980
2019 $3,226 $29,510 $5,900 $23,610
2018 $3,146 $31,520 $6,300 $25,220
2017 $3,052 $31,000 $6,200 $24,800
2016 $3,031 $26,210 $5,240 $20,970
2015 $2,911 $24,220 $4,840 $19,380
Source: Public Records

Agents Affiliated with this Home

  • Nancy Villemez

    Seller's Agent in 2021

    Nancy Villemez

    Realty Executives

    (602) 770-7037

    2 in this area

    49 Total Sales

    Nancy Villemez
    Section Image

  • S

    Buyer's Agent in 2021

    Suzi McCoy

    DeLex Realty

    (480) 756-9922

    1 in this area

    27 Total Sales

    Suzi McCoy
    Section Image

  • J

    Buyer Co-Listing Agent in 2021

    Joy Sullivan

    DeLex Realty

    (480) 332-0392

    1 in this area

    18 Total Sales

    Joy Sullivan
    Section Image
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About Regatta Pointe Condominiums

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6245536

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-24-115

Arizona Maricopa County Tempe 85281 Downtown Tempe

425 W Rio Salado Pkwy Unit 311, Tempe, AZ

This home is located at 425 W Rio Salado Pkwy Unit 311, Tempe, AZ 85281 since 19 June 2021 and is currently estimated at $590,232, approximately $405 per square foot. This property was built in 2002. 425 W Rio Salado Pkwy Unit 311 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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