For SaleNeutral Deal0 days on market
904 S MELODY Lane
904 S MELODY Lane, Tempe, AZ 85281, Tempe, AZ 85281
$235,000
Listing Price
904 S MELODY Lane, Tempe, AZ 85281
Loc: Tempe, AZ
Days Listed
0
Tax Assessed
$248k
Lot Size
1,039 sqft
Type
townhouse
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
Thew Elementary School
PK-5
0.6 mi away
3
Connolly Middle School
6-8
1.2 mi away
8
McClintock High School
9-12
1.6 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
ranchopen conceptvaulted ceilinglaminate flooringbreakfast barmoderncozyceiling fankitchen pass-throughneutral color paletteinvitingtransitionalspacious
Haven AI Verdict
Recommendation
Neutral
Confidence Score: 4/10
Exercise caution due to potential market volatility.
Cap Rate
6.23%
Total ROI
94.2%
Cash Flow
$0/mo
DSCR
1.00
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Underwriting based on Tempe market benchmarks with active rent-to-price evaluation.
Strengths
- • Favorable cap rate profile (6.2%)
- • 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 |
|---|---|---|---|
| 2026-09-24 | Listed for sale | $235,000 | $227 |
| 2026-09-17 | Listing removed | $255,000 | $246 |
| 2026-08-29 | Price change | $255,000 | $246 |
| 2026-07-24 | Listed for sale | $260,000 | $251 |
| 2009-08-07 | Sold | $101,500 | $98 |
| 2009-01-15 | Sold | $85,000 | $82 |
| 2004-04-16 | Sold | $78,500 | $76 |
| 2001-12-05 | Sold | $73,000 | $70 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $988.06 | $24,810 |
| 2024 | $923.24 | $22,020 |
| 2023 | $912.3 | $7,508 |
| 2022 | $878.78 | $14,010 |
| 2021 | $857.92 | $12,720 |
| 2020 | $841.64 | $11,010 |
| 2019 | $820.8 | $9,530 |
| 2018 | $820.8 | $8,720 |
| 2017 | $689.4 | $7,600 |
| 2016 | $663.54 | $7,060 |
| 2015 | $680.32 | $5,600 |
| 2014 | $0 | $5,480 |
| 2013 | $0 | $4,400 |
| 2012 | $0 | $6,750 |
| 2011 | $0 | $8,600 |
| 2010 | $0 | $8,150 |
| 2009 | $0 | $10,750 |
| 2008 | $0 | $10,500 |
| 2007 | $0 | $8,800 |
| 2006 | $0 | $6,600 |
| 2005 | $0 | $6,600 |
| 2004 | $0 | $5,800 |
| 2003 | $0 | $5,800 |
| 2002 | $0 | $4,500 |
Similar Properties Nearby
Explore other investment opportunities in Tempe.