1111 W University Drive 1016, Tempe, AZ 85281 (MLS# 7043177)

1111 W University Drive 1016, Tempe, AZ 85281

New Listing

$334,900

Property Type: Comm/Industry Sale Square Footage: 1,137 Lot Size (sq. ft.): 1,206 Status: Active

Current Price: $334,900 List Date: 6/17/2026 Last Modified: 6/17/2026

Overview

Description

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!

Listing Details MLS# 7043177

Location, Tax & Legal

House Number: 1111
Compass: W
Street Name: University
St Suffix: Drive
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Country: US
County Code: Maricopa
Assessor Number: 124-61-174
Tax Year: 2025
Unit #: 1016
Assessor's Map #: 61
Assessor's Parcel #: 174
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Taxes: 2040
Legal: LOT 1016 VALE CONDOMINIUMS MCR 067448

Contract Info

Ownership: Fee Simple

General Property Description

Ttl Apx SqFt Bldg: 1137
# of Buildings: Yes
Year Built: 2005
Zoning: MU-4
Uncvrd Parking Spcs: 0

Legal Info

Lot Number: 1016

Showing Notification Methods

Showing Service: Aligned Showings
Text: Yes
Email: Yes
Phone Call: Yes

More Information

Currently Not Used

Sold Price Per SqFt: 294.55

Construction

Block: Yes

Roofing

Foam: Yes

Floors

Tile: Yes
Vinyl: Yes

Income & Expenses

Owner Association: Yes
Annual Ownr Asoc Fee: 6147.68
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Building Type

Other (See Remarks): Yes

Business Type

Other: Yes
See Remarks: Yes

Pmt & Rate Info

Equity: 334900
Total Owed: 0

Lockbox Type

Other: Yes

Ceiling Height

8 Feet or Less: Yes

Heating

Electric: Yes

Cooling

Central Air: Yes

Interior Features

Fire Sprinklers: Yes
Smoke Detector(s): Yes
Private Restrooms: Yes

Loading Facilities

None: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Refrigerator: Yes

Road Access Type

City Street: Yes

Exterior

Landscaping: Yes

Source of Fincl Data

Owner: Yes

Fencing

Block: Yes

Water Source

City Franchise: Yes

Building Features

Patio/Deck: Yes
Exercise Room: Yes
Kitchen: Yes

Sewer

Sewer - Public: Yes

Parking Features

Parking Structure: Yes

Electric

APS: Yes

Gas

None: Yes

New Financing

Cash Only: Yes
Cash to Loan: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

Property Features

Building Type: Other (See Remarks) Business Type: Other; See Remarks Construction: Block Roofing: Foam Floors: Tile; Vinyl Ceiling Height: 8 Feet or Less Cooling: Central Air Loading Facilities: None Interior Features: Fire Sprinklers; Smoke Detector(s); Private Restrooms Exterior: Landscaping Fencing: Block Building Features: Patio/Deck; Exercise Room; Kitchen Appliances Included: Dishwasher; Disposal; Microwave; Refrigerator Parking Features: Parking Structure Road Access Type: City Street Electric: APS Gas: None Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only; Cash to Loan Showing Notification Methods: Text; Email; Phone Call Lockbox Type: Other Source of Fincl Data: Owner Environmental: None

Listing Office: Bolzano Realty

Last Updated: June - 17 - 2026