For SaleNeutral Deal13 days on market
232 E ELLIS Drive
232 E ELLIS Drive, Tempe, AZ 85282, Tempe, AZ 85282
$540,000
Listing Price
232 E ELLIS Drive, Tempe, AZ 85282
Loc: Tempe, AZ
Days Listed
13
Tax Assessed
$416k
Lot Size
8,076 sqft
Type
single family
More Than Just a Property
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4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
8
Aguilar Elementary School
PK-5
0.8 mi away
3
Connolly Middle School
6-8
2.6 mi away
5
Tempe High School
9-12
2 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
ranch stylesingle-storystucco exteriorbrick accentsattached garagelarge drivewayasphalt shingle roofpalm treeswell-maintained lawnsuburbandesert landscapinginvitingresidential
Haven AI Verdict
Recommendation
Neutral
Confidence Score: 4/10
Exercise caution due to potential market volatility.
Cap Rate
6.56%
Total ROI
101.5%
Cash Flow
$151/mo
DSCR
1.05
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $151/mo net cash flow with a 6.6% cap rate. Underwriting indicates neutral fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.6%)
- • Strong rental demand in Tempe
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-12 | Listed for sale | $540,000 | $251 |
| 2008-09-23 | Sold | $257,125 | $120 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $2,367.66 | $41,630 |
| 2024 | $2,199.2 | $44,000 |
| 2023 | $2,172.6 | $20,699 |
| 2022 | $2,084.86 | $29,710 |
| 2021 | $2,055.22 | $27,720 |
| 2020 | $2,015.76 | $26,050 |
| 2019 | $1,961.58 | $24,420 |
| 2018 | $1,961.58 | $22,780 |
| 2017 | $1,900.42 | $20,870 |
| 2016 | $1,829.22 | $21,120 |
| 2015 | $1,837.88 | $18,470 |
| 2014 | $0 | $14,410 |
| 2013 | $0 | $12,130 |
| 2012 | $0 | $13,820 |
| 2011 | $0 | $16,860 |
| 2010 | $0 | $19,260 |
| 2009 | $0 | $23,380 |
| 2008 | $0 | $23,650 |
| 2007 | $0 | $21,050 |
| 2006 | $0 | $14,900 |
| 2005 | $0 | $14,900 |
| 2004 | $0 | $12,950 |
| 2003 | $0 | $12,950 |
| 2002 | $0 | $10,150 |
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