3968 E MELINDA Drive, Phoenix, AZ 85050, Phoenix, 85050 - 2 bed, 3 bath
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Phoenix, AZ 85050
This Move-In Ready Single Family Residence is a Strong Value Opportunity, listed at $507,000—positioned well below the $515,826 Fair Market Value by 1%. This valuation gap offers $8,826 in Instant Equity. The property maintains a Good Condition Rating with modern Granite Countertops and a functional Patio. Located near top-tier education, including Desert Trails Elementary (10/10), this home balances financial stability with lifestyle convenience. It is an ideal acquisition for Owner-Occupants seeking a turnkey home or first-time buyers prioritizing school quality.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3968 E MELINDA Drive Subject | $494,000* List Price | 2 | 3 | 1,497 | $334 | - |
A 3933 E CAT BALUE Drive Sold | $500,000 | 2 | 3 | 1,500 | $333 | 0.1 mi |
B 4054 E ABRAHAM Lane Sold | $460,000 List Price | 3 | 3 | 1,506 | 0.3 mi | |
C 3941 E CAT BALUE Drive Sold | $510,000 | 3 | 3 | 1,444 | $353 | 0.1 mi |
D 3941 E CAT BALUE Drive Sold | $510,000 | 3 | 3 | 1,444 | $353 | 0.1 mi |
E 4020 E MELINDA Lane Sold | $505,000 | 3 | 3 | 1,449 | $349 | 0.3 mi |
F 3969 E CAT BALUE Drive Sold | $500,000 | 3 | 3 | 1,444 | $346 | 0.0 mi |
G 3964 E CAT BALUE Drive Sold | $500,000 | 3 | 3 | 1,444 | $346 | 0.1 mi |
H 4020 E MELINDA Lane Sold | $505,000 | 3 | 3 | 1,449 | $349 | 0.3 mi |
I 3954 E MELINDA Drive Active | $515,000 List Price | 2 | 3 | 1,500 | $343 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2008, the property is 18 years old, placing it squarely in the 'Good' category. The interior features well-maintained tile flooring, granite countertops, and neutral paint. The home appears move-in ready with a clean, finished garage and functional systems, consistent with a well-kept home of this age.
Elementary School: Desert Trails Elementary School (10/10).
This Phoenix two-story home offers a patio, granite countertops, and a two-car garage.. Included 100-Day Home Warranty with buyer activation
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades PK-6 • 0.7 mi
Grades PK-6 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,497 | - |
| Lot Size | 2,713 | - |
| Price | $494.0K | $495.4K |
| Price per sq ft | $330 | $290 |
| Built year | 2008 | 0 |
| HOA | $270 | $0 |
| Days on market | 44 | 1260 |
Jul 16, 2026
$494,000
$500,000
-1% Price Drop
Initial Listing
Jun 25, 2026
$500,000
$507,000
-1% Price Drop
Initial Listing
Jun 9, 2026
$507,000
Initial Listing