NOT LISTED FOR SALE

435 W Rio Salado Pkwy Unit 206 Tempe, AZ 85281

Downtown Tempe Neighborhood

Estimated Value: $462,437 - $516,000

2 Beds
2 Baths
1,082 Sq Ft
2002 Built

Last Sold September 05, 2013

Last sale price $230,000 $213 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $2,950/month

Highlights

  • Fitness Center
  • Contemporary Architecture
  • Main Floor Primary Bedroom
  • Gated Community
  • Property is near public transit
  • Granite Countertops

About This Home

As of March 2017

A perfect place for professionals and graduate students alike! Close to light rail, buses and all that Tempe has to offer. Walk or bike to ASU, one of the many nearby restaurants, cafes and/or Mill Ave for some shopping and entertainment. Quiet resort like community with clubhouse, pool, BBQ, Gym, and a secure bike storage area.

One of the few units with an attached two car garage with gated entry. Recently remodeled from floor to ceiling. Very private unit with split bedrooms. Master bedroom has his and her closets and vanity. Newer remodeled kitchen with stainless steel appliances and granite counter tops. Bathrooms remodeled with granite and new updated light fixtures. Two tone paint and crown modeling through the home. Laundry room includes front loading washer and dryer with cabinets and lots of storage. Enjoy the urban lifestyle complete with resort-like pool, clubhouse and fitness center.

Tenant to pay utilities. Owner pays trash and water. $300 cleaning fee. If you have a pet, $300 Pet fee and $50 a month pet rent. $47 credit/background check fee.

Contact owner, David, to for more information and to view.

Last Agent to Rent the Property

Diane Mertens

HomeSmart License #SA018287000 Listed on: 02/14/2017

HomeSmart

Last Renter's Agent

Masako Takahashi

West USA Realty License #SA579326000

West USA Realty

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,918

Year Built

  • Built in 2002

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Loft
  • Contemporary Architecture
  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 1,082 Sq Ft Home
  • 4-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Double Pane Windows
  • Solar Screens

Kitchen

  • Built-In Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

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

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

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

  • Refrigerated Cooling System
  • Heating Available
  • Cable TV Available

Additional Features

  • Patio
  • Two or More Common Walls

Listing and Financial Details

  • Property Available on 3/1/17
  • 12-Month Minimum Lease Term
  • Tax Lot 227
  • Assessor Parcel Number 124-24-090

Community Details

Overview

  • Property has a Home Owners Association
  • Regatta Pont Association, Phone Number (480) 335-1190
  • Regatta Pointe Condominums Amd Subdivision

Recreation

  • Fitness Center
  • Heated Community Pool
  • Community Spa

Security

  • Gated Community
  • Fire Sprinkler System

Condo Details

Home Type

Condominium

Est. Annual Taxes

$2,918

Year Built

Built in 2002

Lot Details

0

Parking

2

Rental Info

  • HOA Paid By: Landlord
  • Available Date: 2017-03-01

Listing Details

  • Cross Street: Priest and Rio Salado PKY
  • Legal Info Range: 4E
  • Property Type: Residential Lease
  • Basement: N
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2002
  • Rental Info H O A Fee Paid Freq: Monthly
  • Rental Info H O A Name: Regatta Pont
  • Non Assistive Animals: No
  • Lease Term Minimum Lease Term Months: 12
  • Directions: From Priest east to Lakeview (light) south to end of road. Park in visitor parking
  • Property Sub Type: Loft Style
  • Subdivision Name: REGATTA POINTE CONDOMINUMS AMD
  • Architectural Style: Contemporary
  • Efficiency: Sunscreen(s)
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: Assessor
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Laundry:Washer Included: Yes
  • Laundry:Dryer Included: Yes
  • Technology:Cable TV Avail: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Laminate
  • Furnished: Unfurnished
  • Spa Features: Community, None
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Master Downstairs, 9+ Flat Ceilings, Fire Sprinklers, Pantry, Double Vanity, Full Bth Master Bdrm, Granite Counters
  • Living Area: 1082.0
  • Stories: 4
  • Window Features: Double Pane Windows
  • Fireplace:No Fireplace: Yes
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Dishwasher2: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Community Features:Gated Community2: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:Workout Facility: Yes
  • Kitchen Features:Disposal2: Yes
  • Kitchen Features:Refrigerator2: Yes
  • Kitchen Features Pantry: Yes
  • Community Features:Near Bus Stop: Yes
  • Community Features:Community Spa: Yes
  • Community Features:Near Light Rail Stop: Yes

Exterior Features

  • Fencing: None
  • Exterior Features: Patio
  • Pool Features: None
  • Disclosures: Agency Discl Req
  • Common Walls: Two Common Walls
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Patio: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Electric Door Opener
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features:Electric Door Opener: 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, Pool, Fitness Center
  • Association Fee Frequency: Monthly
  • Association Name: Regatta Pont
  • Phone: 480-335-1190
  • Association: Yes

Schools

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

Lot Info

  • Lot Size Sq Ft: 118.0
  • Parcel #: 124-24-090
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: unk

Tax Info

  • Tax Book Number: 124.00
  • Tax Lot: 227
  • Tax Map Number: 24.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 18, 2016
Sold by
Mertens Douglas S
Bought by
Mertens David J
Current Estimated Value
$494,359

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
3.68%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 11, 2013
Closed on
Jul 30, 2013
Sold by
Foster Paul
Bought by
Mertens Douglas S
Seller's Agent
Diana Keller
Keller Williams Realty East Valley
Buyer's Agent
Diane Mertens
HomeSmart
List Price
$265,000
Sold Price
$230,000
Premium/Discount to List
-$35,000
-13.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.70%
Original Mortgage
$184,000
Interest Rate
4.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 26, 2007
Sold by
Trauter Gary M and Trauter Deborah L
Bought by
Foster Paul

Purchase Details

Closed on
Jun 25, 2002
Sold by
Regatta Pointe Llc
Bought by
Trauter Gary M and Trauter Deborah L
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Mertens David J $270,000 First American Title Ins Co
Mertens Douglas S $230,000 First American Title Ins Co
Foster Paul $385,000 Equity Title Agency Inc
Trauter Gary M $207,220 Lawyers Title Of Arizona Inc
Regatta Pointe Llc -- Lawyers Title Of Arizona Inc
Trauter Gary M $207,220 Lawyers Title Of Arizona Inc
Regatta Pointe Llc -- Lawyers Title Of Arizona Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mertens David J $188,300
Closed Mertens David J $202,500
Closed Mertens Douglas S $183,000
Previous Owner Mertens Douglas S $184,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2025 06/26/25 Off Market $2,500 -- --
05/25/2025 05/25/25 For Rent $2,500 +66.7% --
03/20/2017 03/20/17 Rented $1,500 0.0% --
03/13/2017 03/13/17 Under Contract -- -- --
02/28/2017 02/28/17 Price Changed $1,500 -3.2% $1 / Sq Ft
02/14/2017 02/14/17 For Rent $1,550 0.0% --
09/05/2013 09/05/13 Sold $230,000 -4.2% $213 / Sq Ft
07/29/2013 07/29/13 Pending -- -- --
07/23/2013 07/23/13 Price Changed $240,000 -9.4% $222 / Sq Ft
06/11/2013 06/11/13 For Sale $265,000 -- $245 / 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 $2,918 $26,049 -- --
2024 $2,883 $24,808 -- --
2023 $2,883 $29,880 $5,970 $23,910
2022 $2,765 $25,730 $5,140 $20,590
2021 $2,784 $23,560 $4,710 $18,850
2020 $2,700 $22,810 $4,560 $18,250
2019 $2,649 $20,650 $4,130 $16,520
2018 $2,583 $21,120 $4,220 $16,900
2017 $2,506 $19,670 $3,930 $15,740
2016 $2,488 $18,800 $3,760 $15,040
2015 $2,390 $17,350 $3,470 $13,880
Source: Public Records

Agents Affiliated with this Home

  • D

    Landlord's Agent in 2017

    Diane Mertens

    HomeSmart

    (602) 505-2221

    9 Total Sales

    Section Image

  • M

    Tenant's Agent in 2017

    Masako Takahashi

    West USA Realty

    (480) 221-8278

    6 Total Sales

    Section Image
  • Diana Keller

    Seller's Agent in 2013

    Diana Keller

    Keller Williams Realty East Valley

    (480) 244-9386

    77 Total Sales

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5561280

Arizona Regional Multiple Listing Service (ARMLS)

APN: 124-24-090

Arizona Maricopa County Tempe 85281 Downtown Tempe

435 W Rio Salado Pkwy Unit 206, Tempe, AZ

This home is located at 435 W Rio Salado Pkwy Unit 206, Tempe, AZ 85281 since 14 February 2017 and is currently priced at $494,359. This property was built in 2002. 435 W Rio Salado Pkwy Unit 206 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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