435 W RIO SALADO Parkway 204, Tempe, AZ 85281, Tempe, 85281 - 2 bed, 2 bath
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Tempe, AZ 85281
This Renovated Urban Condo is listed at $449,500, positioned relative to a $378,421 Fair Market Value, reflecting the premium value of its recent high-end improvements. Boasting a Condition Rating of 2, the residence features a 2024 Remodeled Kitchen and 2025 Updated Bathrooms, ensuring a completely Move-in Ready experience. The private corner unit offers a serene Pool and Courtyard View from the walk-out balcony. Located steps from Tempe Town Lake and ASU, the property provides an unparalleled lifestyle near the Mill Avenue District. This sophisticated sanctuary is the perfect fit for Urban Professionals or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 435 W RIO SALADO Parkway 204 Subject | $449,500* List Price | 2 | 2 | 1,082 | $350 | - |
A 312 S HARDY Drive 106 Sold | $439,000 | 2 | 3 | 1,451 | $303 | 0.5 mi |
B 420 W 1st Street 214 Active | $449,900 List Price | 2 | 2 | 1,082 | $416 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone extensive recent renovations, including a fully remodeled kitchen in 2024 with new appliances and updated bathrooms in 2025 featuring modern vanities, lighting, and fixtures. Additionally, the HVAC system was replaced in 2021, and the interior features contemporary finishes like black hardware and updated ceiling fans, meeting the criteria for a home renovated within the last 5 years.
Situated within walking distance of Tempe Town Lake, ASU, and the Mill Avenue District, this property offers exceptional access to top-tier dining, shopping, and the light rail system.
The unit boasts a 2024 remodeled kitchen and 2025 updated bathrooms, paired with a newer 2021 HVAC system, providing modern aesthetics and peace of mind regarding major mechanicals.
As a private corner end unit with a walk-out balcony overlooking the pool and courtyard, the home benefits from increased natural light and a more secluded feel compared to interior units.
The assigned middle and high schools carry lower performance ratings (3/10), which may impact long-term resale value or appeal to families prioritizing education.
The primary parking is a detached one-car garage, which offers less convenience and direct access compared to units with attached garages, particularly during inclement weather.
Beautifully positioned pool-view end unit in the gated Regatta Pointe community, just steps from Tempe Town Lake. This private corner location offers a walk-out patio/balcony overlooking the pool and interior courtyard. Inside, you'll find an open floor plan with split bedrooms for added privacy and ample natural light. The newly 2024 remodeled kitchen features modern finishes and new appliances, while both bathrooms were updated in 2025 with new lighting, vanities, tile and fixtures. Additional improvements include an updated heat pump and A/C system installed in 2021 for year-round comfort. The home includes a washer and dryer in unit, along with a detached one-car garage plus additional assigned parking. This private community features a pool, spa, workout facility, and clubhouse. Walking distance to Tempe Marketplace, Tempe Town Lake, Arizona State University, downtown Tempe, and Mill Avenue District. Easy access to light rail, dining, shopping, and entertainment makes this an exceptional opportunity in a prime location. Welcome home!
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 1.1 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,082 | 1,493 | 33% |
| Lot Size | 116 | 1,208 | 20% |
| Price | $449.5K | $0 | 80% |
| Price per sq ft | $415 | $0 | 80% |
| Built year | 2002 | 2002 | 50% |
| HOA | $400 | $375 | 53% |
| Days on market | 52 | 2907 | 7% |
Mar 1, 2026
$449,500
Initial Listing