1245 W 1ST Street 116, Tempe, AZ 85281 (MLS# 7036269)

1245 W 1ST Street 116, Tempe, AZ 85281

$280,000

Property Type: Residential Bedrooms: 2 Baths: 3 Square Footage: 1,072 Lot Size (sq. ft.): 54 Status: Active

Current Price: $280,000 Last Modified: 6/09/2026

Overview

Description

Just minutes from Arizona State University, this 2-story townhome condo offers the perfect combination of location and lifestyle. Newer flooring throughout gives the space a clean, updated feel, and the two-level layout provides great separation of space. Step outside to a private front patio or head upstairs to the private balcony off the bedrooms -- outdoor space that truly sets this unit apart. Currently tenant-occupied with rental income in place, this property works equally well as an investment, a first home, or a future owner-occupant opportunity. Strong demand in this corridor means it holds its value year after year.

Listing Details MLS# 7036269

Location, Tax & Legal

House Number: 1245
Compass: W
Street Name: 1ST
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 7617
Country: US
County Code: Maricopa
Assessor Number: 124-28-069
Subdivision: RIO SALADO VILLAS
Tax Year: 2025
Unit #: 116
Assessor's Map #: 28
Legal Description (Abbrev): LOT 116 RIO SALADO VILLAS MCR 026631
Assessor's Parcel #: 69
Tax Municipality: Tempe
Taxes: 951

Contract Information

Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No

General Property Description

Dwelling Type: Townhouse
Dwelling Styles: Attached
Exterior Stories: 2
# of Interior Levels: 2
# Bedrooms: 2
Full Bathrooms: 2
Half Bathrooms: Yes
Total Bathrooms: 3
Approx SQFT: 1072
Price/SqFt: 261.19
Horses: N
Builder Name: Unknown
Year Built: 1985
Approx Lot SqFt: 54
Community Pool Y/N: Yes
Private Pool Y/N: No
Fireplace YN: Yes
Fireplaces Total: Yes
Elementary School District: Tempe School District
High School District: Tempe Union High School District
Elementary School: Rover Elementary School
Jr. High School: Geneva Epps Mosley Middle School
High School: Tempe High School
Approx Lot Acres: 0

Remarks Misc

Cross Street: 1st Street & Hardy
Directions: W on 1st Street to Complex on Left

Legal Info

Township: 1N
Range: 4E
Section: 16
Lot Number: 116

Basement

Basement Y/N: N

More Information

Parking Spaces

Carport Spaces: Yes
Total Covered Spaces: Yes
Slab Parking Spaces: 0

Showing Notification Methods

Showing Service: Aligned Showings
Text: Yes
Email: Yes
Phone Call: Yes

Special Listing Cond

N/A: Yes
FIRPTA may apply: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Foam: Yes

Association & Fees

HOA Y/N: Y
HOA Disclosure/Addendum Affirmation: Yes
HOA Transfer Fee: 400
HOA Fee: 224.5
HOA Paid Frequency: Monthly
HOA Name: RIO SALADO VILLAS
HOA Telephone: 480-921-3332
Special Assessment HOA: No
HOA 2 Y/N: N
PAD Fee Y/N: N
Cap Improvement/Impact Fee: 0
Cap Improvement/Impact Fee $/%: $
Prepaid Association Fees HOA: 449
Disclosure Fees HOA: 0
Other Fees HOA: 0
Land Lease Fee Y/N: N
Rec Center Fee Y/N: N
Ttl Mthly Fee Equiv: 224.5

Lockbox Type

Supra: Yes

Building Style

2-3-4 Plex: Yes

Master Bathroom

Full Bth Master Bdrm: Yes
2 Master Baths: Yes

Master Bedroom

Upstairs: Yes

Additional Bedroom

2 Master Bedrooms: Yes

Fireplace Features

Wood Burning: Yes

Flooring

Laminate: Yes
Tile: Yes

Community Features

Near Bus Stop: Yes

Dining Area

Dining in LR/GR: Yes

Heating

Electric: Yes

Kitchen Features

Dishwasher: Yes
Electric Oven: Yes
Electric Range: Yes
Pantry: Yes
Refrigerator: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes

Interior Features

Skylight(s): Yes
Vaulted Ceiling(s): Yes

Laundry

Stacked Washer/Dryer: Yes
Inside: Yes

Other Rooms

Great Room: Yes

Separate Den/Office

Sep Den/Office Y/N: N

Fencing

None: Yes

Water Source

City Water: Yes

Community Pool Features

Fenced: Yes

Exterior Features

Balcony: Yes
Patio: Yes

Spa

None: Yes

Sewer

Sewer - Public: Yes

Parking Features

Assigned Parking: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: Yes

Utilities

SRP: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Landscaping

None: Yes

Unit Style

Two Levels: Yes

Disclosures

Seller Discl Avail: Yes

Possession

Close of Escrow: Yes

Association Fee Incl

Roof Repair: Yes
Roof Replacement: Yes
Water: Yes
Sewer: Yes
Garbage Collection: Yes

Assoc Rules/Info

Prof Managed: Yes

Property Features

Special Listing Cond: N/A; FIRPTA may apply Building Style: 2-3-4 Plex Master Bathroom: Full Bth Master Bdrm; 2 Master Baths Master Bedroom: Upstairs Additional Bedroom: 2 Master Bedrooms Fireplace Features: Wood Burning Flooring: Laminate; Tile Community Pool Features: Fenced Spa: None Community Features: Near Bus Stop Dining Area: Dining in LR/GR Kitchen Features: Electric Oven; Electric Range; Dishwasher; Refrigerator; Pantry Laundry: Stacked Washer/Dryer; Inside Other Rooms: Great Room Interior Features: Skylight(s); Vaulted Ceiling(s) Exterior Features: Balcony; Patio Parking Features: Assigned Parking Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Foam Cooling: Central Air; Ceiling Fan(s) Heating: Electric Utilities: SRP Water Source: City Water Sewer: Sewer - Public Fencing: None Landscaping: None Showing Notification Methods: Text; Email; Phone Call Lockbox Type: Supra Possession: Close of Escrow Unit Style: Two Levels Association Fee Incl: Roof Repair; Roof Replacement; Water; Sewer; Garbage Collection Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional Disclosures: Seller Discl Avail

Listing Office: eXp Realty

Last Updated: June - 09 - 2026