$5,641

closing credit¹

120 E Rio Salado Pkwy Unit 406 Tempe, AZ 85281

$475,000
1 bed
2 baths
1,166 sqft
0.03 acres
$407 / sqft
Multi-Family

Property details

About 120 E Rio Salado Pkwy Unit 406

NO HOA FEES FOR THE FIRST 12 MONTHS...Welcome to luxury living at its finest; the elegant Edgewater Condominiums over Tempe Town Lake with majestic mountain views. This 1 bedroom, 1.5 bathrooms unit features beautiful wood flooring, tall ceilings, oversized patios and triple pane windows. The high end kitchen boasts a gas range, granite countertops and ample storage space. Dedicated EV Charger and 2 large private storage closets. Whether you're taking a dip in the pool or playing pool in the game room, the top notch amenities are second to none. Great walkability to ASU, Mill Ave, restaurants and shopping and of course quick access to the light rail. Get a front row see to the glistening light of the Mill Ave Bridge. Come take a look at all this incredible Tempe property has to offer.

Highlights

Home typeMulti Family
HeatingElectric
StatusActive
Size1,166 sqft
Lot size0.03 Acres
Year built2006
ParkingAssigned, Gated, Electric Vehicle Charging Station(s)
MLS #6728924
Garage1 space
ViewCity Lights, Mountain(s)

Summary

  • MLS Number: 6728924
  • MLS Name: Arizona Regional Multiple Listing Service 2
  • Office Name: Compass
  • Office Phone: (480) 776-1555
  • Office Email: lexie@azhomes.com
  • Listing Agent: Christopher V Karas, Marissa Kline

IDX The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2025 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/6/2025, 11:55:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Get an agent. Get a mortgage. Save big.¹

view of community sign

$475,000

120 E Rio Salado Pkwy Unit 406

$5,641

closing credit¹

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Dec 14, 2010
Home Sold
$178,800
Jun 16, 2006
Home Sold
$505,749

Tax history

YearAssessmentProperty Tax
2024$37,600$2,727
2023$30,930$2,616

History based on county public records data.

Nearby schools

3

Scales Technology Academy

Public District KG-5

1.1 mi

1115 W 5th St

6

Broadmor Elementary School

Public District KG-5

1.9 mi

311 E Aepli Dr

2

Holdeman Elementary School

Public District KG-5

2.0 mi

1326 W 18th St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $87,500. The majority of Tempe, AZ residents have income between $35k-100k annually. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.

How much money do the neighbors make?

24%
<35k
32%
35k-100k
31%
100k-200k
13%
200k+

What level of education do the neighbors have?

No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

66%
Single, No Kids
4%
Single, with Kids
24%
Married, No Kids
6%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

0%
<11 yrs old
1%
12-17 yrs old
96%
18-34 yrs old
3%
35-64 yrs old
0%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • SoccerSoccer
  • Skiing/snowboardingSkiing/snowboarding

Where do the neighbors shop?

  • H&MH&M
  • The Container StoreThe Container Store
  • NordstromNordstrom

Where do the neighbors go to eat?

  • Boston MarketBoston Market
  • StarbucksStarbucks
  • California Pizza KitchenCalifornia Pizza Kitchen

What do the neighbors drive?

  • HondaHonda
  • BMWBMW
  • AudiAudi

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • AlternativeAlternative
  • Talk/PersonalityTalk/Personality
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 120 E Rio Salado Pkwy Unit 406 in Tempe, AZ and zip code 85281 in the Downtown Tempe neighborhood. This 1,166 square foot home, which was built in 2006, sits on a 0.03 acre lot. Features: 1 bedroom, 2 bathrooms. It has been listed on Rocket Homes since July 9, 2024 and is currently priced at $475,000.

Over 13 listings were sold over their listed price in January 2025 in Tempe, AZ. In the same period over 62 listings were sold below the listed price and 20 listings were sold for the listed price. The number of homes for sale in Tempe, AZ increased by 5% between December and January 2025. While the average time on the market in January 2025 was 53 days, the median list price was $484,777.

From Rocket Homes Real Estate and based on county public records data.

More resources