NOT LISTED FOR SALE

Regatta Pointe Condominiums 425 W Rio Salado Pkwy Unit 317 Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated Value: $492,103 - $600,000

2 Beds
2 Baths
1,166 Sq Ft
$255/mo HOA Fee

Last Sold May 09, 2018

Last sale price $315,000 $270 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $3,431/month

18 Days on Market

Highlights

  • Fitness Center
  • Gated Community
  • Waterfront
  • Unit is on the top floor
  • City Lights View
  • Community Lake

About This Home

As of May 2018

Awesome unit overlooking Tempe Town Lake and Mountain Views. A spacious two bedroom, two bath unit with all living space on one level. This beautifully decorated unit features stainless steel appliances, Corian counters, inside laundry and lots of storage space. The property includes a single car garage and one covered parking space, gated. This community has every amenity you can imagine...secured elevator access, heated pool/spa, fitness room, clubhouse...and it's within walking distance to Tempe Town Lake, Mill Avenue and the Light Rail. Plus direct access to major east valley freeways. New electric parking gate going in at north parking area.

Last Agent to Sell the Property

Michael Ashley

FDR Real Estate License #BR045211000 Listed on: 03/16/2018

Last Buyer's Agent

Cecilia Mulroy

My Home Group Real Estate License #BR647070000

My Home Group Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,667

Year Built

  • Built in 2002

Lot Details

  • Waterfront
  • Two or More Common Walls
  • Wrought Iron Fence

HOA Fees

  • $255 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • 1 Carport Space
  • Garage Door Opener
  • Parking Permit Required
  • Assigned Parking

Property Views

  • City Lights
  • Mountain

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 1,166 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Double Pane Windows

Kitchen

  • Breakfast Bar
  • Built-In Microwave
  • Kitchen Island

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

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

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Location

  • Unit is on the top floor
  • 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 259
  • Assessor Parcel Number 124-24-120

Community Details

Overview

  • Association fees include roof repair, insurance, sewer, ground maintenance, street maintenance, trash, water, roof replacement, maintenance exterior
  • Aam Association, Phone Number (602) 957-9191
  • Built by Picerne
  • Regatta Pointe Subdivision
  • Community Lake

Amenities

  • Clubhouse
  • Recreation Room

Recreation

  • Heated Community Pool
  • Community Spa
  • Bike Trail

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,667

Year Built

Built in 2002

Lot Details

0

HOA Fees

$255 per month

Parking

1

Listing Details

  • Cross Street: Mill & University
  • 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: 255.0
  • Basement: N
  • Updated Floors: Partial
  • Items Updated Floor Yr Updated: 3.18
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2002
  • Tax Year: 2017
  • Directions: West on University, North on Ash Ave, West on 1st street, South on Farmers. West on 1st street to Regatta Pointe. Enter gate code and pull up to gate to open. Go to north end of complex and park.
  • Property Sub Type: Apartment
  • Horses: No
  • Lot Size Acres: 0.03
  • Subdivision Name: REGATTA POINTE
  • 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
  • Technology:Cable TV Avail: Yes
  • Technology:High Speed Internet Available: Yes
  • Special Features: VirtualTour

Interior Features

  • Flooring: Laminate, Tile
  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Master Downstairs, Breakfast Bar, 9+ Flat Ceilings, Furnished(See Rmrks), Kitchen Island, Pantry, Double Vanity, Full Bth Master Bdrm, High Speed Internet
  • Living Area: 1166.0
  • Stories: 3
  • Window Features: Dual Pane
  • Fireplace:No Fireplace: Yes
  • Community Features:ClubhouseRec Room: Yes
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Community Features:Gated Community2: Yes
  • Kitchen Features:Kitchen Island: 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 Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Community Features:Near Bus Stop: Yes
  • Community Features:Community Spa: Yes
  • Community Features:Lake Subdivision: Yes
  • Community Features:Near Light Rail Stop: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Wrought Iron
  • Exterior Features: Balcony, Covered Patio(s)
  • Lot Features: Waterfront Lot
  • Pool Features: None
  • Pool Private: No
  • View: City Lights, Mountain(s)
  • Waterfront: Yes
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Common Walls: Two Common Walls, Neighbor Below
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Balcony: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Electric Door Opener, Assigned, Detached, Permit Required
  • Attached Garage: No
  • Carport Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features:Electric Door Opener: Yes
  • Parking Features:Assigned Parking: Yes
  • Parking Features:Detached: Yes
  • Parking Features:PermitDecal Req_squote_d: Yes

Utilities

  • Cooling: Ceiling Fan(s), Refrigeration
  • Heating: Electric
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Gated Community, Community Spa Htd, Community Spa, Community Pool Htd, Community Pool, Near Light Rail Stop, Near Bus Stop, Lake Subdivision, Biking/Walking Path, Clubhouse, Fitness Center
  • Amenities: Management
  • Association Fee: 255.0
  • Association Fee Frequency: Monthly
  • Association Name: Regatta Pointe
  • Phone: 602-957-9191
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 400.0
  • 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:HOA Management Company: AAM
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • 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
  • Middle Or Junior School: Geneva Epps Mosley Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 1166.0
  • Parcel #: 124-24-120
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Picerne

Tax Info

  • Tax Annual Amount: 2667.0
  • Tax Book Number: 124.00
  • Tax Lot: 259
  • Tax Map Number: 24.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 17, 2021
Sold by
Metcalfe Sidney and Metcalfe Jean K
Bought by
Metcalfe Jean and Metcalfe Sidney
Current Estimated Value
$535,526

Purchase Details

Listed on
Mar 16, 2018
Closed on
Apr 20, 2018
Sold by
Scott Bryce Tracey and Scott Bryce
Bought by
Metcalfe Sidney and Metcalfe Jean K
Seller's Agent
Michael Ashley
FDR Real Estate
Buyer's Agent
Cecilia Mulroy
My Home Group Real Estate
List Price
$325,000
Sold Price
$315,000
Premium/Discount to List
-$10,000
-3.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.57%
Original Mortgage
$129,000
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 6, 2016
Closed on
Jun 21, 2016
Sold by
Erickson Philip L and Erickson Billy Lee
Bought by
Scott Bryce Tracey and Scott Bryce
Seller's Agent
Christina Cline
Pitchfork Property Brokers, LLC
Buyer's Agent
Michael Ashley
FDR Real Estate
List Price
$325,000
Sold Price
$300,000
Premium/Discount to List
-$25,000
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.63%
Original Mortgage
$240,000
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 3, 2006
Sold by
Erickson Philip L and Erickson Billy L
Bought by
Erickson Philip L and Erickson Billy Lee

Purchase Details

Closed on
Jan 20, 2004
Sold by
Anderson Phyllis J
Bought by
Erickson Philip L and Erickson Billy L

Purchase Details

Closed on
Sep 4, 2003
Sold by
Regatta Pointe Llc
Bought by
Anderson Phyllis J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,307
Interest Rate
5.75%
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
Metcalfe Jean -- None Available
Metcalfe Sidney $315,000 Stewart Title & Trust Of Pho
Scott Bryce Tracey $300,000 Driggs Title Agency Inc
Erickson Philip L -- None Available
Erickson Philip L $325,000 Equity Title Agency Inc
Anderson Phyllis J $277,884 Lawyers Title Of Arizona Inc
Regatta Pointe Llc -- Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Metcalfe Jean $117,400
Closed Metcalfe Sidney $129,000
Previous Owner Scott Bryce Tracey $240,000
Previous Owner Anderson Phyllis J $222,307
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2018 05/09/18 Sold $315,000 -3.1% $270 / Sq Ft
04/03/2018 04/03/18 Pending -- -- --
03/16/2018 03/16/18 For Sale $325,000 +8.3% $279 / Sq Ft
06/23/2016 06/23/16 Sold $300,000 -7.7% $257 / Sq Ft
05/06/2016 05/06/16 For Sale $325,000 -- $279 / 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

  • Michael Ashley

    Seller's Agent in 2018

    Michael Ashley

    FDR Real Estate

    (602) 686-1697

    1 in this area

    15 Total Sales

    Michael Ashley
    Section Image

  • C

    Buyer's Agent in 2018

    Cecilia Mulroy

    My Home Group

    (480) 685-2760

    43 Total Sales

    Cecilia Mulroy
    Section Image
  • Christina Cline

    Seller's Agent in 2016

    Christina Cline

    Pitchfork Property Brokers, LLC

    (480) 980-1282

    31 Total Sales

    Christina Cline
    Section Image

  • M

    Buyer's Agent in 2016

    Michael GRI

    RE/MAX Fine Properties

See All Agents

About Regatta Pointe Condominiums

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5739829

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-24-120

Arizona Maricopa County Tempe 85281 Downtown Tempe

425 W Rio Salado Pkwy Unit 317, Tempe, AZ

This home is located at 425 W Rio Salado Pkwy Unit 317, Tempe, AZ 85281 since 16 March 2018 and is currently estimated at $535,526, approximately $459 per square foot. This property was built in 2002. 425 W Rio Salado Pkwy Unit 317 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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