435 W RIO SALADO Parkway 305, Tempe, AZ 85281, Tempe, 85281 - 2 bed, 2 bath
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Tempe, AZ 85281
This Modern Turnkey Condominium is listed at $455,000, reflecting a premium for its corner position compared to the $376,825 Fair Market Value. Boasting a Condition Rating of 3, the home features a significant 2026 refresh with new flooring and paint, offering a seamless move-in experience. Residents enjoy expansive views of Tempe Beach Park and the Mill Ave Bridge from a private balcony, complemented by a split-bedroom layout and private garage. This lifestyle-centric property is a premier choice for Urban Professionals or Owner-Occupants prioritizing location and quality.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 435 W RIO SALADO Parkway 305 Subject | $445,000* List Price | 2 | 2 | 1,082 | $413 | - |
A 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 move-in ready.
The property is move-in ready and benefited from a significant cosmetic refresh in March 2026, including new wood-look flooring, carpet, paint, and modern light fixtures. While the kitchen and bathrooms retain their original 2002-era cabinetry and laminate countertops, they appear well-maintained. The black appliances and overall system conditions are functional, making this a high-quality, well-kept unit that does not require immediate renovation.
As a third-floor corner unit, this property offers exceptional views of Tempe Beach Park and the Mill Ave Bridge, providing a front-row seat to local events and fireworks in a highly walkable downtown setting.
The interior was refreshed in March 2026 with new flooring, paint, and light fixtures, ensuring a turnkey experience for the buyer with contemporary finishes.
The split-bedroom floor plan enhances privacy for residents, complemented by the rare convenience of a private one-car garage that includes additional storage space.
The assigned middle and high schools are rated 3/10, which may be a concern for families and could potentially limit the pool of future buyers.
At $400 per month, the association fees represent a significant recurring expense that impacts the overall monthly carrying cost and affordability of the unit.
Urban living at its finest! Enjoy Tempe Beach Park & the Mill Ave Bridge Firework Show directly from your balcony. In a gated community, this 3rd Fl, Corner Unit has lots of windows and expansive views. New flooring/paint/light fixtures and more in March 2026. This 2 BR / 2 BA condo is filled with natural light and has a functional flow. The bedrooms are on opposite sides of the living area adding to the livability. Main BR includes a large bath with dual sinks, large garden tub/shower combo & large walk-in closet. BR2 has SGD to the balcony w/ semi-private access to the bathroom. Laundry located in unit. Also included is a private 1-car-garage with storage. Visit the pool, BBQ area, spa, workout center & clubhouse. *Easy access to ASU, freeways, airport, shopping, and dining
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 1.1 mi
Grades 9-12 • 1.5 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 | 112 | 1,208 | 20% |
| Price | $445.0K | $0 | 80% |
| Price per sq ft | $411 | $0 | 80% |
| Built year | 2002 | 2002 | 50% |
| HOA | $400 | $375 | 53% |
| Days on market | 30 | 2907 | 7% |
Apr 16, 2026
$445,000
$455,000
-2% Price Drop
Initial Listing
Mar 23, 2026
$455,000
Initial Listing