2401 E E Rio Salado Parkway -- 1040, Tempe, AZ 85288, Tempe, 85288 - 2 bed, 3 bath
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Tempe, AZ 85288
This Turnkey Townhouse represents a Strong Value Opportunity, listed at $399,999—positioned above the $367,667 Fair Market Value. While priced slightly above market, the property features a High-Quality Renovation with a Granite Kitchen and Stainless Steel Appliances, earning a Condition Rating of 2. Located in a gated community with Resort-Style Pools near ASU and Tempe Town Lake, it offers a low-maintenance lifestyle. This property is an ideal acquisition for first-time buyers or busy professionals seeking a move-in ready residence in a prime, high-demand location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2401 E E Rio Salado Parkway -- 1040 Subject | $399,999* List Price | 2 | 3 | 1,100 | $334 | - |
A 552 S ALLRED Drive Sold | $302,500 | 2 | 2 | 987 | $306 | 0.3 mi |
B 280 S EVERGREEN Road 1374 Active Under Contract | $370,000 List Price | 2 | 3 | 1,100 | $336 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has been recently renovated with a modern kitchen featuring granite countertops and stainless steel appliances. Despite being built in 2007, the interior shows mint condition with updated flooring and fixtures, qualifying it as a high-quality renovation under 5 years old.
The property is ideally situated near ASU, Tempe Town Lake, and major freeways, offering exceptional convenience for students, professionals, and frequent travelers.
Featuring an updated kitchen with granite countertops and stainless steel appliances, the home provides a contemporary, move-in-ready aesthetic that appeals to modern buyers.
Located within a gated community, residents benefit from premium amenities including multiple pools, walking paths, and pet-friendly greenbelts, enhancing the lifestyle value.
At 1,100 square feet for a multi-level townhouse, the interior may feel restrictive for those requiring larger living areas or a dedicated home office.
The townhouse structure and community layout involve shared walls and high-density living, which may result in less privacy compared to detached single-family residences.
Beautifully renovated 2-bedroom, 2.5-bath home located within a desirable gated community featuring resort-style pools, walking and biking paths, lush greenbelt areas, and pet friendly grass spaces. The bright, open floor plan showcases modern finishes, an updated kitchen with granite countertops, stainless steel appliances, and a breakfast bar overlooking the main living area. Ideally situated near Tempe Town Lake, Arizona State University, Sun Devil Stadium, Sky Harbor International Airport, Sloan Park (Chicago Cubs Spring Training), Tempe Marketplace, Metro Light Rail, and easy access to Loop 202 and Loop 101, this home offers the perfect combination of lifestyle, location, and low-maintenance living.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 75% |
| Square foot | 1,100 | 1,188 | 38% |
| Lot Size | 684 | 988 | 50% |
| Price | $400.0K | $352.0K | 63% |
| Price per sq ft | $364 | $306 | 88% |
| Built year | 2007 | 1984 | 75% |
| HOA | $248 | $278 | 50% |
| Days on market | 11 | 470 | 13% |
May 26, 2026
$399,999
Initial Listing