2401 E RIO SALADO Parkway 1040, Tempe, AZ 85288 — photo 1 of 16

ActiveMLS #7072842

$384,999

2401 E RIO SALADO Parkway #1040

Tempe, AZ 85288

2beds

3baths

1,100sqft

Price per sqft: $350/sqft
Listed: Aug 28, 2026
Since listed: 19 days
Lot: 684 sqft lot

About this home

Location! Location ! Location ! Beautiful town house RESORT style gated community, community pools, walking biking paths, grass pet areas, close to Tempe Town Lake, minutes to Arizona State University, ASU Sun Devil Football Stadium, Sky Harbor Int'l Airport, near Sloan Chicago Cubs Spring Training MLB Stadium, Tempe Marketplace, Loop 202, Loop 101, and Metro Light Rail. come and see it today will sell fast

From ARMLS

Property details

Home & layout

Property type: Townhouse
Bedrooms: 2
Bathrooms: 3
Living area: 1,100 sqft
Year built: 2007
Stories: 3

Interior

Interior features: High Speed Internet, Granite Counters, Upstairs, 9+ Flat Ceilings, Kitchen Island, Pantry, Full Bth Master Bdrm
Flooring: Vinyl
Windows: Dual Pane
Security: Security Guard

Systems & utilities

Heating: Electric
Cooling: Central Air, Ceiling Fan(s)
Sewer: Public Sewer
Water source: City Water

Lot, exterior & construction

Lot size: 684 sqft lot
Lot features: Gravel/Stone Front
Construction: Stucco, Wood Frame
Roof: Tile
Exterior features: Balcony
Fencing: Block
Spa: None

Parking & access

Garage: 2 spaces
Carport: 0 spaces
Covered parking: 2 spaces
Parking features: Attached Garage

Community & lifestyle

Subdivision: VILLAGIO AT TEMPE CONDOMINIUM AMD
Community features: Pool, Gated, Community Spa Htd, Transportation Svcs, Near Light Rail Stop, Near Bus Stop, Biking/Walking Path
HOA: $248 monthly
HOA name: Villagio at Tempe

Location

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2401 E RIO SALADO Parkway #1040, Tempe, AZ 85288

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Schools

Elementary: Cecil Shamley School
Middle: Connolly Middle School
High: Corona Del Sol High School

School assignments can change and are not guaranteed. Please verify enrollment directly with the district.

Listing information

Status: Active
MLS number: 7072842
Listed: Aug 28, 2026
Last updated: Aug 31, 2026, 11:49 AM MST
County: Maricopa
Tax year: 2025
Listing terms: Cash, Conventional, 1031 Exchange, FHA, VA Loan
Possession: Close of Escrow, By Agreement
Special conditions: N/A
Listing agent: Michael Penka
Listing brokerage: Apex Residential

Planning tool

Monthly payment estimate

Adjust the assumptions below to explore a possible monthly payment for this home.

Home price

Down payment

Example interest rate

Loan term

Estimated annual property taxes

MLS did not provide the tax amount, so this starts at 0.52% of the home price and updates with it.

Estimated annual homeowners insurance

Starts at 0.35% of the home price and remains fully editable.

Monthly HOA

Monthly mortgage insurance

Estimated monthly total

$2,474

$307,999 loan after a $77,000 down payment

Principal & interest: $1,947
Property taxes: $167
Homeowners insurance: $112
HOA: $248
Mortgage insurance: $0

Estimate only—not a loan quote. The example rate is editable and is not represented as a current lender rate. When MLS does not provide annual taxes, the calculator starts with an editable percentage-of-price estimate. Homeowners insurance also starts with an editable percentage-of-price estimate instead of $0. Actual payments vary and may also include lender fees, closing costs, utilities, maintenance, and other expenses. Verify taxes, insurance, HOA dues, and financing with the appropriate professionals.

Wendy Macica

Simply Real Estate

I can represent you on this home, answer your questions honestly, and arrange a private tour — whoever holds the listing.

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Listing courtesy of Michael Penka, Apex Residential.

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