4 days on RocketBackup offersTour
$8,609 Closing Credit¹
#6861820, Thomas J Tokoph, Listing Office: Urban Realty & Development, LLC
#6863320·
Listing office: Compass·
Listing agent: Shari Hilton, Robin Orscheln·
Listing office phone: 480-776-1555
$785,000 List price
140 E Rio Salado Pkwy Unit 512 Tempe, AZ 85281
$9,322
Closing credit¹
2 beds
2 baths
1,817 sqft
0.04 acres
$432 / sqft
Condo
Property details
About 140 E Rio Salado Pkwy Unit 512
Beautiful 2 bed / 2 bath condo in a full-amenity building right on Tempe Town Lake. Enjoy breathtaking mountain and water views from this ideal lock-and-leave residence, just minutes from ASU, Sun Devil Stadium, Mill Avenue, shopping, dining, and entertainment. Open-concept floor plan with spacious living areas, modern/high-end finishes, and large windows with electric shades that bring in natural light. Perfect for year-round living or a seasonal getaway. Building amenities include 24/7 security, resort-style pool and spa, fitness center, clubhouse, and more. Don't miss this rare opportunity to live in Tempe's most sought-after waterfront community!
Highlights
Home typeCondominium
HeatingElectric
StatusActive
CoolingCentral Air
Size1,817 sqft
Lot size0.04 Acres
Year built2008
ParkingAssigned
MLS #6863320
Garage2 spaces
Fireplace1 Fireplace, Living Room, Gas
ViewMountain(s)
Summary
- Flooring Type: Carpet, Tile
- Interior: Granite Counters, Double Vanity, Breakfast Bar, 9+ Flat Ceilings, Elevator, Kitchen Island, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub
- Fireplace: 1 Fireplace, Living Room, Gas
- Total Bedroom Count: 2
- Garage Space: 2 spaces
- Private Pool: No
- Parking: Assigned
- View: Mountain(s)
- Exterior: Balcony
- Heating: Electric
- Cooling: Central Air
- List Price: $785,000
- Price/SqFt: $432
- HOA Amount: $1,500
- HOA Frequency: Monthly
- Annual Tax Amount: $5,947
- Tax Year: 2024
- Year Built: 2008
- Stories: 1
- Living Area: 1,817 SqFt
- Lot Size: 0.04 Acres
- MLS Number: 6863320
- MLS Name: Arizona Regional Multiple Listing Service 2
- Office Name: Compass
- Office Phone: (480) 776-1555
- Office Email: lexie@azhomes.com
- Listing Agent: Shari Hilton, Robin Orscheln
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: 5/10/2025, 7:20:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$785,000
140 E Rio Salado Pkwy Unit 512
$9,322
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Feb 15, 2013 | Home Sold | $480,000 |
| Aug 07, 2009 | Home Sold | $20,300,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $59,580 | $5,947 |
| 2023 | $52,580 | $5,947 |
| 2022 | $48,400 | $6,009 |
| 2020 | $44,050 | $5,826 |
| 2019 | $42,360 | $5,661 |
| 2017 | $48,010 | $5,493 |
History based on county public records data.
Nearby schools
3
Scales Technology Academy
Public District KG-5
1.2 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.
Neighborhood
The neighbors living near this home have an average income of $87,500. Residents of Tempe, AZ typically earn between $35k-100k each year. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
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 Boxing
Soccer
Skiing/snowboarding
Where do the neighbors shop?
H&M
The Container Store
Nordstrom
Where do the neighbors go to eat?
Boston Market
Starbucks
California Pizza Kitchen
What do the neighbors drive?
Honda
BMW
Audi
What do the neighbors listen to?
Rhythmic Contemporary Hits- Alternative
Talk/Personality
All data provided by Home Junction and Claritas
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Frequently asked questions
About 140 E Rio Salado Pkwy Unit 512
The listing price of 140 E Rio Salado Pkwy Unit 512 property is $785,000.
The property 140 E Rio Salado Pkwy Unit 512 is a condo located in Tempe, Arizona, 85281.
Active Listing: 140 E Rio Salado Pkwy Unit 512 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 140 E Rio Salado Pkwy Unit 512 are: Scales Technology Academy (GreatSchools Rating 3/10), Broadmor Elementary School (GreatSchools Rating 6/10), Holdeman Elementary School (GreatSchools Rating 2/10), Laird Elementary School (GreatSchools Rating 3/10), Gililland Middle School (GreatSchools Rating 2/10), Tonalea K - 8 School (GreatSchools Rating 3/10), Ombudsman - Charter Northeast (GreatSchools Rating 2/10), Asu Preparatory Academy Digital (GreatSchools Rating 5/10), Student Choice High School (GreatSchools Rating 2/10).
According to the records, the last property tax for 2024 is $5,947 (source: MLS/based on county public records data).
The last sale was on February 15, 2013 for $480,000 (source: MLS/tax record).
The property at 140 E Rio Salado Pkwy Unit 512 has 2 bedrooms and 2 bathrooms.
The property 140 E Rio Salado Pkwy Unit 512 is 1,817 SqFt (source: MLS/tax record).
The year of construction for 140 E Rio Salado Pkwy Unit 512 is 2008.
This home is located at 140 E Rio Salado Pkwy Unit 512 in Tempe, AZ and zip code 85281 in the Downtown Tempe neighborhood. This 1,817 square foot home, which was built in 2008, sits on a 0.04 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 9, 2025 and is currently priced at $785,000.
In April 2025, from all listings sold in Tempe, AZ there were more than 22 sold above asking price, over 66 sold below and more than 29 were sold right at the asked price. The inventory of homes for sale in Tempe, AZ between March and April 2025 increased by 14.6%. Listings spent 55 days on the market in April 2025, and had a median list price of $482,587 during the same period.
From Rocket Homes Real Estate and based on county public records data.