For sale

Price cut: $10K (8/26)

$290,000

1111 W UNIVERSITY Drive #2012, Tempe, AZ 85281

1beds

896sqft

$2,384/mo

Get pre-qualified

Condominium

Built in 2005

-- sqft lot

$-- Zestimate^®

$324/sqft

$559/mo HOA

What's special

Inside laundry roomGated underground parkingRelaxing balcony retreat

**ATTENTION INVESTORS! Tenant occupied at $2,500 per month through 7/31/27!** All furniture included in sale! New water heater (2025)! The modern kitchen boasts a sleek SS fridge and dark gray cabinets. The primary bedroom features a huge walk-in closet! Step outside to the relaxing balcony retreat. Inside laundry room! The community, designed by architect Will Bruder, offers amenities such as a beautiful community pool & spa, BBQ, private gym, gated underground parking & pedestrian entry. Large gated storage unit included in parking garage! Located near ASU Tempe Campus, Mill Ave's vibrant entertainment & dining scene, Whole Foods, Sky Harbor Airport, & major freeways 202, 143, and I-10. HOA ALLOWS STR & includes water, sewer, & trash!

30 days
241
10

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 1
Full bathrooms: 1

Heating

Electric

Cooling

Central Air, Ceiling Fan(s), Programmable Thmstat

Appliances

Included: Washer/Dryer Stacked, Dryer, Washer, Refrigerator, Built-in Microwave, Dishwasher, Disposal, Electric Oven, Electric Cooktop
Laundry: Inside

Features

High Speed Internet, Eat-in Kitchen, 9+ Flat Ceilings, No Interior Steps, Full Bth Master Bdrm
Flooring: Carpet, Tile
Windows: Mechanical Sun Shds
Has basement: No
Has fireplace: No
Furnished: Yes
Common walls with other units/homes: Two Common Walls,Neighbor Below,Neighbor Above,End Unit

Interior area

Total structure area: 896
Total interior livable area: 896 sqft

Property

Parking

Total spaces: 1
Parking features: Gated, Garage Door Opener, Storage, Assigned, Community Structure
Garage spaces: 1

Features

Stories: 3
Patio & porch: Covered
Exterior features: Balcony, Storage
Spa features: None
Fencing: Other

Lot

Size: 90 Square Feet
Features: None

Details

Parcel number: 12461191

Construction

Type & style

Home type: Condo
Architectural style: Contemporary
Property subtype: Condominium
Attached to another structure: Yes

Materials

Painted, Block
Roof: Built-Up,Foam

Condition

Year built: 2005

Details

Builder name: BECK DEVELOPMENT

Utilities & green energy

Sewer: Public Sewer
Water: City Water

Community & HOA

Community

Features: Pool, Gated, Community Spa, Community Spa Htd, Near Light Rail Stop, Near Bus Stop, Biking/Walking Path, Fitness Center
Security: Fire Sprinkler System
Subdivision: VALE CONDOMINIUMS

HOA

Has HOA: Yes
Services included: Insurance, Sewer, Maintenance Grounds, Trash, Water, Maintenance Exterior
HOA fee: $559 monthly
HOA name: Vale Condominium
HOA phone: 602-437-4777

Location

Region: Tempe

Financial & listing details

Price per square foot: $324/sqft
Tax assessed value: $252,600
Annual tax amount: $1,669
Date on market: 8/11/2026
Cumulative days on market: 30 days
Listing terms: Cash,Conventional,1031 Exchange,VA Loan
Ownership: Condominium

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
8/26/2026	Price change	$290,000-3.3%$324/sqft
Source: ARMLS #7065309 Report a problem
8/11/2026	Listed for sale	$300,000-4.8%$335/sqft
Source: ARMLS #7065309 Report a problem
5/16/2025	Listing removed	$315,000$352/sqft
Source: ARMLS #6846460 Report a problem
5/7/2025	Price change	$315,000-3.1%$352/sqft
Source: ARMLS #6846460 Report a problem
4/21/2025	Listed for sale	$325,000+71.1%$363/sqft
Source: ARMLS #6846460 Report a problem
11/15/2019	Sold	$190,000-2.6%$212/sqft
Source: ARMLS #5990273 Report a problem
10/15/2019	Pending sale	$195,000$218/sqft
Source: My Home Group Real Estate #5990273 Report a problem
10/11/2019	Listed for sale	$195,000+18.2%$218/sqft
Source: My Home Group Real Estate #5990273 Report a problem
6/15/2018	Sold	$165,000-8.3%$184/sqft
Source: ARMLS #5707765 Report a problem
3/6/2018	Listed for sale	$179,900$201/sqft
Source: Urban Realty & Development, LLC #5707765 Report a problem
3/6/2018	Pending sale	$179,900$201/sqft
Source: Urban Realty & Development, LLC #5707765 Report a problem
1/12/2018	Listed for sale	$179,900-15.9%$201/sqft
Source: Urban Realty & Development, LLC #5707765 Report a problem
10/6/2005	Sold	$213,899$239/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,662 +7%	$25,260 -5.1%
2024	$1,553 +1.2%	$26,620 +110.8%
2023	$1,534 +3.8%	$12,628 -33.2%
2022	$1,478 +17.9%	$18,910 +9.6%
2021	$1,254 -11.4%	$17,250 +10.5%
2020	$1,416 +2.5%	$15,610 +10.7%
2019	$1,380	$14,100 +0.5%
2018	$1,380 +3.1%	$14,030 +3.8%
2017	$1,339 +4.9%	$13,520 +5.5%
2016	$1,277 -2.7%	$12,810 +11.9%
2015	$1,313	$11,450 +19.6%
2014	--	$9,570 +29.3%
2013	--	$7,400 -26.4%
2012	--	$10,050 -8.2%
2011	--	$10,950 -33%
2010	--	$16,350 -27%
2009	--	$22,400 -1.8%
2008	--	$22,800 +38.2%
2007	--	$16,500 +796.7%
2006	--	$1,840 -30.3%
2005	--	$2,640