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Back 301/120 E Rio Salado Pkwy
Off Market

301/120 E Rio Salado Pkwy

Tempe AZ 85281

1
2
1
1137 sq. ft.
1138 sq. ft.
Apartment
Last sold for $430,000
Tim GatesTim Gates, last sold this property on 12 February 2026 after 56 days on market.

Overview

Do you want to live in a beautiful building, on a park with real lake views in a walkable neighborhood and still live in the Valley of the Sun? Experience all this and more on Tempe Town Lake within this secure Edgewater 1 bed/1.5 bath 3rd floor condominium. This unit has been completely updated since the owner moved out with new appliances, new HVAC, new high-quality carpet, shades & paint. It's almost like moving into a new build! This gem features a large main room with views of Tempe Town Lake, bountiful natural light and a handsome new ceiling fan. The modern kitchen boasts a new stainless steel 5-burner gas stove, new microwave, new refrigerator, new dishwasher, sleek cabinetry, granite counters, a small pantry and breakfast bar. New stacked washer and dryer are located in a compact laundry room. The spacious bedroom features new blackout shades, an Artemis ceiling fan with remote, and an ensuite bath with dual sinks, large soaking tub, separate shower, private toilet & custom walk-in closet. The sizeable balcony is a bonus that offers gorgeous views of the pool, lake, park & surrounding mountains. Enjoy the quality amenities such as a fitness center, recreation room with full kitchen and pool table, heated pool and spa. The high-quality outdoor lounge areas feature tables, BBQs, a ping pong table, pizza oven and lake views you never expected living in a desert. Enjoy secure gated, underground reserved parking with your own locked storage cage inside a climate-controlled locked storage room. Underground kayak and bicycle storage is provided by the association so you can take advantage of the lake and bike trails without ever having to cross a street. Perfect for car-free or car-light living, Edgewater is just a seven-minute walk from the Mill Avenue light rail station and walkable to downtown Tempe. The Tempe Streetcar stop is just one block away. Hike 'A' Mountain just across Rio Salado; walk, run or bike ride on paved and lighted paths stretching around the lake and connecting to the Green Belt and points beyond. This is one of the best locations in the Valley -- on a park in a rare walkable neighborhood, a fantastic building, and easy access to everything. Upgrade your lifestyle here!

Features

1 bedroom
2 bathrooms
1 carspace
1 garage space
1137 sq. ft. floor area
1138 sq. ft. lot size
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Tempe over the last 12 months, the estimated median property value of 301/120 E Rio Salado Pkwy is $233.5k.

Median value
$233.5k
Estimated value range
$155.5k - $430k
Median days on market
67
Estimated value trend
-6%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Tempe. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 301/120 E Rio Salado Pkwy

2026
Sold
$430,000
12 Feb 2026 by Tim Gates, of Platinum Realty Network
2021
Sold
$324,000
12 Feb 2021 by Jarrod Smith, of Walt Danley Christie's International Real Estate
2015
Sold
$269,900
01 Dec 2015 by Brendan Constantino, of We Know Urban Realty

Happy sellers in Tempe

95%
95% of sellers in Tempe reported that their sale price either exceeded or met their price expectations.

Tempe stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Tempe over the last 12 months.

Local market activity for 1 bedroom apartments in Tempe

In the last 12 months, 7 one-bedroom apartments similar to 301/120 E Rio Salado Pkwy, have been sold.

This represents a 30% increase in one-bedroom apartments sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Tempe

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Kelli Gubrud

Sellers who recommend Kelli Gubrud have praised them for being local expert, clear communication, hard-working, and supportive

  •   5   (30 reviews)
  •  3 Reviews in Tempe
  •  4 Sales in Tempe
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Braden Johnson

Sellers who recommend Braden Johnson have praised them for being local expert and clear communication

  •   5   (33 reviews)
  •  2 Reviews in Tempe
  •  2 Sales in Tempe
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Elaine Beery

Elaine Beery is a recommended agent for Tempe.  They have 1 local sale and collected 2 local reviews across the last 12 months.

  •   5   (33 reviews)
  •  2 Reviews in Tempe
  •  1 Sale in Tempe
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Randy Courtney

Sellers who recommend Randy Courtney have praised them for being local expert, responsive, clear communication, reliable, supportive, great team, and great negotiation

  •   5   (94 reviews)
  •  1 Review in Tempe
  •  3 Sales in Tempe
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