2401 E RIO SALADO Parkway 1197, Tempe, AZ 85288, Tempe, 85288 - 2 bed, 3 bath
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Tempe, AZ 85288
This Move-In Ready Dual-Suite Townhouse is listed at $382,000, representing a stable and fair market entry near its $367,217 Fair Market Value. Boasting a Condition Rating of 3, the interior features a Granite Kitchen with stainless steel appliances and a flexible dual primary suite layout. Residents benefit from a premium Park View of Sloan Park and extensive gated amenities, including multiple community pools and a dog park. Located minutes from ASU and Tempe Marketplace, this property offers a high-quality lifestyle in a prime location. It is an ideal match for Owner-Occupants or first-time buyers seeking a polished, low-maintenance residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2401 E RIO SALADO Parkway 1197 Subject | $382,000* List Price | 2 | 3 | 1,100 | $334 | - |
A 552 S ALLRED Drive Sold | $302,500 | 2 | 2 | 987 | $306 | 0.3 mi |
B 552 S ALLRED Drive Sold | $302,500 | 2 | 2 | 987 | $306 | 0.3 mi |
C 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 move-in ready.
Built in 2007 (19 years old), the property falls within the 10-20 year range for 'Good' condition. It is well-maintained and move-in ready, featuring granite countertops, stainless steel appliances, and clean interior finishes including plantation shutters and updated flooring.
Situated directly across from Sloan Park and minutes from ASU, Tempe Marketplace, and major freeways, this property offers exceptional convenience and high rental demand.
The floor plan features two private suites with en-suite bathrooms, providing an ideal configuration for roommates, guests, or a professional home office setup.
The gated community provides robust amenities including multiple pools and security, while the HOA fee covers essential utilities like water, sewer, and trash for low-maintenance living.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =682, other record lot size in square feet = 1941.
At 1,100 square feet, the interior footprint may feel restrictive for buyers transitioning from larger homes or those requiring expansive communal areas.
Being part of a large townhouse complex involves shared walls and higher neighbor proximity, which may result in less privacy compared to detached residential options.
Well-maintained 2-bedroom, 2.5-bath unit in the gated community of Villagio at Tempe, located just across from Sloan Park. This desirable dual primary suite floor plan offers flexibility, with each bedroom featuring its own private bath, plus a convenient half bath for guests. The open main living area flows into a well-appointed kitchen with granite countertops, island layout, and stainless steel appliances-ideal for everyday living and entertaining. Clean, bright, and move-in ready throughout. The Villagio offers gated entry with security, multiple community pools and spas, dog park area, and well-maintained common areas with walking paths. HOA covers exterior maintenance, water, sewer, trash, and more for added convenience. Unbeatable location near Arizona State, Loop 101 & 202 Freeway, Tempe Marketplace, Mesa Riverview, dining, shopping and Phoenix Sky Harbor International Airport. A great option for a primary residence, second home, or investment in a highly convenient Tempe location.
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 | 78% |
| Square foot | 1,100 | 1,188 | 33% |
| Lot Size | 682 | 1,292 | 44% |
| Price | $382.0K | $305.0K | 56% |
| Price per sq ft | $347 | $306 | 89% |
| Built year | 2007 | 1984 | 78% |
| HOA | $248 | $248 | 50% |
| Days on market | 5 | 467 | 11% |
Apr 17, 2026
$382,000
Initial Listing