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$324,900 -$10,000 (-2.99%) Price Reduced

  • For Sale
  • Active
  • Townhouse
  • 1 Bed
  • 2 Full Baths
  • 0.03 Acres
  • 1 Car Garage
  • Updated 5 days ago
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Back on market at no fault to property - previous buyer could not perform. Don't miss this exceptional, modern live/work condo featuring a large retail/commercial storefront in the front and a private residential retreat in the back. The living space offers an open floor plan with beautiful wood tile, new LVP flooring in the bedroom and office, and a spacious kitchen with stainless steel appliances. Located in a secure, gated community with underground garage parking, top-tier amenities include a pool, fitness center, spa, and walking paths. Unbeatable location near ASU, Mill Ave, the 101, and the Light Rail!

Full Property Details for 1111 W University Dr #1016

General

  • Price: $324,900
  • HOA FEE: $559/month
  • Taxes: $2,040 (2025)
  • Status: Active
  • Type: Townhouse
  • Source: ARMLS_Arizona_MLS_Phoenix_Area
  • MLS ID: 7035378
  • Updated: 7/10/2026
  • Added to Site: 45 day(s) ago

Interior

  • Interior Features: High Speed Internet, Eat-in Kitchen, Full Bth Master Bdrm
  • Appliances: Dryer, Washer, Refrigerator, Built-in Microwave, Dishwasher, Disposal, Electric Range, Electric Oven
  • Flooring: Vinyl, Tile

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 1

Additional Information

  • Security/Safety: Fire Sprinkler System

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Parking Features: Assigned

Location

  • County: Maricopa
  • Township: m1N
  • Subdivision: VALE CONDOMINIUMS
  • Cross Streets: MILL AVE AND UNIVERSITY DR

Community

  • Association: Yes
  • Assoc. Name: Vale Condominiums
  • Assoc. Fees Include: Roof Repair, Insurance, Sewer, Pest Control, Maintenance Grounds, Front Yard Maint, Trash, Water, Roof Replacement, Maintenance Exterior

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Electric

Utilities

  • Water: City Water

Structural Information

  • Builder: Uknown
  • Exterior Const.: Painted, Block
  • Roof: Foam
  • Sq. Ft. Source: Assessor
  • Year Built: 2005

Lot Features

  • Lot Size (Acres): 0.03
  • Lot Size (Sq. Ft.): 1,206
  • Lot Size Source: Assessor
  • Lot Features: None

Financial Considerations

  • Association Fee: $559
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $2,040
  • Tax Year: 2025
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Ownership: Fee Simple
  • Legal Description: LOT 1016 VALE CONDOMINIUMS MCR 067448
  • Property ID: 124-61-174
  • Range: 4E
  • Section: 21
  • Lot Number: 1016

Listed by Bolzano Realty

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Listing agents

— 1111 W University Dr #1016 —

  • Bolzano Realty

  • Bolzano Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1111 W University Dr #1016

School Districts:Tempe School District, Tempe Union High School District
NameGradesDistance
Holdeman Elementary School
1326 West 18th Street, Tempe, AZ 85281
K-50.8 mi
Geneva Epps Mosley Middle School
1025 South Beck Avenue, Tempe, AZ 85281
6-80.3 mi
Tempe High School
1730 S Mill Ave, Tempe, AZ 85281
9-121.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1111 W University Dr #1016 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/10/2026
Price Reduced
$324,900
-2.99%
MLS
5/30/2026
Listed
$334,900
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1111 W University Dr #1016

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,041
—
$17,026
-44%
2025
$2,041
8%
$30,600
-2%
2023
$1,884
4%
$31,380
6%
2022
$1,807
—
$29,510
32%
2022
$1,807
-1%
$22,360
9%
2021
$1,820
3%
$20,510
9%
2020
$1,765
2%
$18,810
12%
2019
$1,731
3%
$16,800
—
2018
$1,688
3%
$16,820
2%
2017
$1,638
1%
$16,420
3%
2016
$1,626
4%
$16,010
18%
2015
$1,562
-3%
$13,600
16%
2014
$1,609
17%
$11,770
30%
2013
$1,377
—
$9,050
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Bolzano Realty

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1111 W University Drive #1016, Tempe, AZ 85281 (MLS# 7035378) is a Townhouse property with 1 bedroom and 2 full bathrooms. 1111 W University Drive #1016 is currently listed for $324,900 and was received on May 30, 2026. Want to learn more about 1111 W University Drive #1016? Do you have questions about finding other Townhouse real estate for sale in Tempe? You can browse all Tempe real estate or contact a Coldwell Banker agent to request more information.

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