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2401 E RIO SALADO Parkway #1068, Tempe, AZ, 85281

4beds
4baths
1,853sqft
$475,000
$256price/sqft
$2,927/moest. monthly cost
$117,080/yrincome needed

About This Home

Discover one of the largest residences in Villagio at Tempe. This expansive 4-bedroom corner-unit townhome offers the largest floor plan in the complex with an exceptional three-level layout. Designed for comfort and flexibility, the home features two primary suites and a first-floor junior suite, making it ideal for guests or multigenerational living, along with an open-concept main living area. The kitchen is equipped with stainless steel appliances, and the home includes a Whirlpool washer and dryer. Enjoy the convenience of a 2-car garage with built-in cabinets for additional storage, plus two permitted parking spaces. A rare opportunity to own one of the community's largest and most functional floor plans in a prime Tempe location!

Getting Around

46
WalkingCar-Dependent
44
TransitSome Transit
52
BikeBikeable

Schools

4/10
Thew Elementary SchoolGrades PK-51.0 mi
3/10
Connolly Middle SchoolGrades 6-81.9 mi
8/10
McClintock High SchoolGrades 9-122.5 mi

Construction

Condition

  • Year built: 2007

Materials

  • Roof: Tile
  • Construction materials: Stucco,Wood Frame,Painted

Type & Style

  • Home type: Townhouse
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Dryer,Washer,Refrigerator,Built-in Microwave,Dishwasher,Disposal,Electric Oven,Electric Cooktop,Water Purifier
  • Laundry features: Upper Level,Inside

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Features

  • High Speed Internet,Other,Master Downstairs,Upstairs,Breakfast Bar,9+ Flat Ceilings,2 Master Baths,3/4 Bath Master Bdrm,Laminate Counters
  • Window features: Solar Screens,Double Pane Windows
  • Flooring: Carpet,Tile
  • Common walls with other units/homes: 1 Common Wall,End Unit

Heating & Cooling

  • Heating features: Electric
  • Cooling features: Central Air,Ceiling Fan(s),Programmable Thmstat

Interior Area

  • Total structure area: 1,853
  • Total interior livable area: 1,853 sqft

Property

Details

  • Parcel number: 13541746

Features

  • Stories: 3
  • Patio & porch: Covered
  • Exterior features: Balcony,Private Street(s)
  • Has spa: Yes
  • Spa features: Heated
  • Fencing: None

Lot

  • Lot size: 684 sqft
  • Features: Borders Common Area,Corner Lot,Desert Front

Parking

  • Total spaces: 4
  • Parking features: Garage Door Opener,Direct Access,Attch'd Gar Cabinets,Assigned,Permit Required
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes
  • Uncovered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveVery High
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Heat Wave
Hail
Inland Flooding

FEMA Declared Disasters in Maricopa County and Arizona

Fire
Flood
Snowstorm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,401$28,812
Home Insurance $136$1,632
Property Taxes $174$2,088
Electricity $216$2,603
Total$2,927$35,124

Income You'd Need if You Spent...

35% on housing$100,354/yr
40% on housing$87,810/yr
45% on housing$78,053/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.2%
11.2%
0%30.0%
Electricity Growth Rate10-year average: 1.2%
1.2%
0%15.0%
Property Taxes Growth Rate2-year average: -2.1%
-2.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$256This listing

vs Other Active Listings

Avg $/sqft

ZIP 85281$241
Maricopa County$272

vs Homes Sold Last Month

Median $/sqft

ZIP 85281$333
Maricopa County$262

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-04Price change$450,000
2026-07-18Listing removed$2,595
2026-07-16Listed for sale$475,000
2026-06-26Price change$2,595
2026-06-05Listed for rent$2,850
2025-05-09Listing removed$2,850
2025-04-01Listed for rent$2,850
2023-05-01Listing removed--
2023-04-05Listed for rent$2,850

For Sale by Agent

AgentDavid Arustamian
BrokerageRuss Lyon Sotheby's International Realty

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