For sale

Price cut: $1K (7/22)

$398,900

2027 E University Drive #132, Tempe, AZ 85288

2beds

1,300sqft

$2,602/mo

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Townhouse

Built in 2002

1,633 Square Feet Lot

$-- Zestimate^®

$307/sqft

$200/mo HOA

What's special

Gated communitySeparate tub and showerWarm paint tones throughoutTwo-tier breakfast barPlenty of cabinetsLarge walk-in closetFull size laundry

Fall in love with this move-in-ready townhome in a gated community! Enter to find an inviting living & dining room featuring new tile flooring (2024), tall vaulted ceilings, warm paint tones throughout, creating a bright and welcoming atmosphere. Kitchen is equipped with SS appliances, plenty of cabinets, and a two-tier breakfast bar and pantry. Upstairs, you'll discover a cozy loft that provides incredible flexibility as an office, reading nook, or additional lounge zone along with two bedrooms, two full bathrooms & full size laundry. The primary bedroom offers new carpet (June 2026), a private bathroom w/ dual sinks, separate tub & shower and a large walk-in closet. Venture to the back patio where you can enjoy your own private space. Located close to Tempe Marketplace, ASU, Tempe Town Lakes, 202 freeway, and much more. The townhomes is a rare find with all it has to offer.

31 days

386

19

Facts & features

Interior

Bedrooms & bathrooms

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

Heating

Electric

Cooling

Central Air, Ceiling Fan(s)

Appliances

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

Features

Double Vanity, Upstairs, Vaulted Ceiling(s), Pantry, Full Bth Master Bdrm, Laminate Counters
Flooring: Carpet, Tile
Has basement: No
Has fireplace: No

Interior area

Total structure area: 1,300
Total interior livable area: 1,300 sqft

Property

Parking

Total spaces: 2
Parking features: Garage Door Opener, Direct Access
Garage spaces: 2

Features

Stories: 2
Patio & porch: Patio
Exterior features: Private Street(s), Private Yard
Has spa: Yes
Spa features: Private
Fencing: Block

Lot

Size: 1,633 Square Feet
Features: Desert Front, Gravel/Stone Front

Details

Parcel number: 13268262

Construction

Type & style

Home type: Townhouse
Property subtype: Townhouse
Attached to another structure: Yes

Materials

Stucco, Wood Frame, Painted
Roof: Built-Up,Metal

Condition

Year built: 2002

Details

Builder name: Del Mar

Utilities & green energy

Sewer: Public Sewer
Water: City Water

Community & HOA

Community

Features: Pool, Gated, Community Spa
Subdivision: RIO VENTANA TOWNHOMES

HOA

Has HOA: Yes
Services included: Roof Repair, Insurance, Front Yard Maint, Roof Replacement, Maintenance Exterior
HOA fee: $200 monthly
HOA name: Rio Ventana HOA
HOA phone: 602-584-2025

Location

Region: Tempe

Financial & listing details

Price per square foot: $307/sqft
Tax assessed value: $309,100
Annual tax amount: $1,750
Date on market: 7/1/2026
Cumulative days on market: 32 days
Listing terms: Cash,Conventional,VA Loan
Ownership: Fee Simple

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/22/2026	Price change	$398,900-0.3%$307/sqft
Source: ARMLS #7047750 Report a problem
7/1/2026	Listed for sale	$399,900+14.3%$308/sqft
Source: ARMLS #7047750 Report a problem
5/4/2022	Sold	$350,000$269/sqft
Source: ARMLS #6368004 Report a problem
3/13/2022	Pending sale	$350,000+107.4%$269/sqft
Source: ARMLS #6368004 Report a problem
9/30/2002	Sold	$168,790$130/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,740 +7.7%	$30,910 -6.5%
2024	$1,617 -0.3%	$33,060 +114.1%
2023	$1,621 +4.2%	$15,444 -27.5%
2022	$1,555 -11.9%	$21,310 +9.2%
2021	$1,765 +1.9%	$19,520 +3.2%
2020	$1,731 +2.5%	$18,910 +8.9%
2019	$1,688	$17,360 +5%
2018	$1,688 +3.1%	$16,530 +14%
2017	$1,638 +4.8%	$14,500 +5%
2016	$1,562 0%	$13,810 -0.6%
2015	$1,563	$13,900 +27.4%
2014	--	$10,910 +20.6%
2013	--	$9,050 -61.8%
2008	--	$23,700 +18.5%
2007	--	$20,000 +36.1%
2006	--	$14,700
2005	--	$14,700 +10.5%
2004	--	$13,300

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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