tomo logo

$499,900

Beds
2
Baths
2.0
sq ft
1,022

425 West Rio Salado Parkway Unit 113, Tempe, AZ 85281

425 West Rio Salado Parkway Unit 113

Tempe, AZ 85281

  • 14 days on market
WOW! Highly sought-after LAKE-FRONT condo on ground floor* Incredible VIEWS from living rm, dining rm, kitchen & primary bdrm of Tempe Town Lake's water, paths, parks and mountains beyond* NEW A/C in July 2023* NEW wood-look vinyl flooring thru-out in November 2024 (NO carpet)* Dual-opening blinds in front windows - open from top or bottom* Fresh interior paint in Nov 2024* All on one level except for BASEMENT bonus room with WASHER/DRYER, loads of STORAGE space, and DIRECT ENTRY from GARAGE* Attached 1-car garage includes overhead storage racks* GATED community has heated pool & spa, common patios with BBQ, club house, & nicely equipped workout room* Walk or bike to Mill Ave, ASU, Tempe Town Lake, bars, dining, movies, etc. HURRY - this one won't last!!

Details

Property type

Condominium

Est. home value

$478,512

Lot size

105 sq ft

Price per sq ft

$490

Year built

2002

Annual property taxes

$2,782

Monthly HOA fee

$384

Price History

01/08/2025
ArizonaRegional

ArizonaRegional #6796225

Listed
$499,900
+49.78%
05/23/2019
ARMLS

ARMLS #5859797

Sold
$333,750
+21.36%
07/24/2015
ArizonaRegional

ArizonaRegional #5285752

Sold
$275,000

Schools & Community

Elementary school: 

Scales Technology Academy

Middle school: 

Geneva Epps Mosley Middle School

High school: 

Tempe High School

Community features: 

Gated, Clubhouse, Fitness Center, Pool, Sidewalks

High school district: 

Tempe Union High School District

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$357,222
Asking price
$499,900
Closing costs (~8% of asking)
-$39,992
Est. remaining loan balance
-$102,686
Cash to seller
$357,222

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Wells Fargo Home Mortgage Inc

Loan start date

September 2003

Original loan amount

$216,427

Est. remaining balance

$102,686

Interest rate

5.67%

Loan type

New Conventional, 30 year

Seller

Paul Hart and Ruth Hart

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 01/22/2025 at 4:50 AM

Listing updated: 01/19/2025 at 12:20 PM

Listed by: Kelly M Hundelt, Realty Executives Phone #: (480) 948-9450

MLS: ArizonaRegional #6796225

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