For SaleRisky Deal7 days on market
1023 E DERBY Drive
1023 E DERBY Drive, Tempe, AZ 85284, Tempe, AZ 85284
$695,000
Estimate®:$674,000
Listing Price
1023 E DERBY Drive, Tempe, AZ 85284
Loc: Tempe, AZ
Days Listed
7
Tax Assessed
$577k
Estimate®
$674k
Market Rate
Lot Size
0.25 acres
Rent Estimate
$3,148/mo
Est. Cash Flow base
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
4
Kyrene Middle School
4-8
0.3 mi away
8
Corona Del Sol High School
9-12
1.4 mi away
6
C I Waggoner School
PK-5
0.3 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 exteriorred tile roofattached garagecovered front porchdesert landscapingxeriscapesuburbancurb appeallow profilesouthwestern influence
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
3.32%
Total ROI
31.0%
Cash Flow
$-1,683/mo
DSCR
0.53
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-1,683/mo net cash flow with a 3.3% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Tempe, AZ
- • Long-term capital appreciation corridor
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 |
|---|---|---|---|
| 2026-09-18 | Listed for sale | $695,000 | $258 |
| 2016-09-23 | Sold | $394,000 | $146 |
| 2016-09-08 | Listed for sale | $400,000 | $148 |
| 2016-09-08 | Pending sale | $400,000 | $148 |
| 2016-08-04 | Price change | $400,000 | $148 |
| 2016-06-24 | Price change | $415,000 | $154 |
| 2016-06-07 | Price change | $429,500 | $159 |
| 2016-05-20 | Price change | $430,000 | $160 |
| 2016-05-19 | Price change | $443,500 | $165 |
| 2016-05-14 | Price change | $444,000 | $165 |
| 2016-05-05 | Price change | $444,500 | $165 |
| 2016-04-13 | Price change | $444,900 | $165 |
| 2016-03-06 | Listed for sale | $449,000 | $167 |
| 2002-11-22 | Sold | $265,000 | $98 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $4,368.4 | $57,650 |
| 2024 | $4,215.72 | $64,150 |
| 2023 | $4,099.38 | $41,518 |
| 2022 | $3,901.14 | $44,410 |
| 2021 | $3,900 | $41,900 |
| 2020 | $3,766.5 | $40,170 |
| 2019 | $3,633.6 | $36,530 |
| 2018 | $3,633.6 | $35,380 |
| 2017 | $3,479.46 | $34,510 |
| 2016 | $3,259.34 | $36,200 |
| 2015 | $3,146.46 | $33,450 |
| 2014 | $0 | $27,520 |
| 2013 | $0 | $24,330 |
| 2012 | $0 | $25,850 |
| 2011 | $0 | $26,570 |
| 2010 | $0 | $30,860 |
| 2009 | $0 | $33,900 |
| 2008 | $0 | $36,500 |
| 2007 | $0 | $32,450 |
| 2006 | $0 | $22,750 |
| 2005 | $0 | $22,750 |
| 2004 | $0 | $20,000 |
| 2003 | $0 | $20,000 |
| 2002 | $0 | $16,650 |
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