Stewart Ray

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Listing provided courtesy of eXp Realty- MLS# 7036269MLS Provider

1245 W 1ST Street #116Tempe, AZ 85281

Condo/Townhouse · 2 Beds · 2 Full Baths · 1 Half Bath · 1,072 Sq. ft.
$280,000 Active

1245 W 1ST Street #116 Overview

Time on Site:
27 days
Visits:
0

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.

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1245 W 1ST Street #116 Facts & Features

  • Type Condo/Townhouse
  • Sq. ft. 1,072
  • Price/Sq.ft. $261

Details

General

Association/HOA

  • Association Fee: $224.50
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Roof Repair,Sewer,Trash,Water,Roof Replacement
  • Association Name: RIO SALADO VILLAS
  • Association: true

School Information

  • School District: Tempe Union High School District
  • Elementary School: Rover Elementary School
  • Middle Or Junior School: Geneva Epps Mosley Middle School
  • High School: Tempe High School

Building Information

  • Builder Name: Unknown
  • Year Built: 1985

Location/Region

  • Country: US
  • County Or Parish: Maricopa
  • Postal City: Tempe
  • Subdivision Name: RIO SALADO VILLAS
  • Township: 1N

Community/Development

  • Community Features: Pool,Near Bus Stop

Rent/Lease Information

  • Land Lease: false

Tax Information

  • Tax Annual Amount: $951.00
  • Tax Year: 2025

General Information

  • Disclosures: Seller Discl Avail
  • Listing Terms: Cash,Conventional,FHA,VA Loan
  • Ownership: Fee Simple
  • Parcel Number: 124-28-069
  • Property Sub Type: Townhouse
  • Property Type: Residential
  • Special Listing Conditions: FIRPTA may apply,N/A

Interior

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Half: 1
  • Bathrooms Total: 3
  • Bedrooms Total: 2
  • Bedrooms Possible: 2

Building Interior

  • Building Area Source: Assessor

General Information

  • Fireplace Features: Wood Burning
  • Fireplace: true
  • Fireplaces Total: 1
  • Flooring: Laminate,Tile
  • Interior Features: Upstairs,Vaulted Ceiling(s),Pantry,2 Master Baths,Full Bth Master Bdrm
  • Laundry Features: Inside
  • Living Area: 1072.0
  • Living Area Source: Assessor
  • Rooms Total: 0
  • Spa Features: None
  • Stories Total: 2
  • Window Features: Skylight(s)

Unit Information

  • Unit Number: 116

Exterior

Parking Information

  • Parking Features: Assigned

Lot Information

  • Lot Features: None
  • Lot Size Area: 54.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 54.0
  • Lot Size Units: Square Feet
  • Water Source: City Water

Building Exterior/Construction

  • Attached Garage: false
  • Construction Materials: Stucco,Wood Frame,Painted
  • Property Attached: true
  • Roof: Foam

General Information

  • Carport Spaces: 1.0
  • Covered Spaces: 1.0
  • Exterior Features: Balcony
  • Fencing: None
  • Horse: false
  • Pool Private: false
  • Sewer: Public Sewer

1245 W 1ST Street #116 Neighborhood

Community

85281 (Tempe) Demographics

25
Median Age
5,130
Population Density (per sq. mile)
50%
College Educated
$42,545
Estimated Median Income
5,503
Estimated Total Home Owners
20,386
Estimated Total Renters
21% / 79%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1245 W 1ST Street #116 Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1245 W 1ST Street #116 Market Data

Based on the last 30 days in this zip code

$566,243
Average List Price
$387
Average Price per Square Foot
18
Properties Sold
80
Average Days on Market
149
Properties for Sale
Calculations provided by Reliance Network

1245 W 1ST Street #116 History

Date Event Value Agent
6/2/2026Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area Added to Database
June 02, 2026
12/24/2025Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area Added to Database
December 24, 2025