1102 E Palm Ln Phoenix, AZ 85006
Coronado NeighborhoodEstimated Value: $433,000 - $814,000
--
Bed
3
Baths
1,385
Sq Ft
$491/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Central Heating and Cooling System
- Ceiling Fan
- Emerson Elementary School Rated 9+
About This Home
As of October 2019Fantastic income property in the Coronado historic district. This charming 1925, red brick bungalow triplex includes a single family home (825 SF) on Palm Lane and a duplex (approx 550 SF per unit) on 11th Street on a 10,000 + sq ft lot. The single family home was remodeled in 2012 and features 2 bedrooms, 1 bath, hardwood floors, a gas fireplace, large eat in kitchen, interior interior laundry, off street parking for three cars, and a large private backyard. The remodeled duplex units are each 1 bedroom, 1 bath with hardwood floors, fireplaces, remodeled kitchens, interior laundry, off street parking for one car, and private side yard/patio. All three units have existing tenants providing total monthly income of $2,900. See feature sheet under the documents tab for existing lease terms.
Last Agent to Sell the Property
Russ Lyon Sotheby's International Realty License #SA536279000 Listed on: 09/21/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,201
Year Built
- Built in 1925
Lot Details
- 10,062
Home Design
- Brick Exterior Construction
- Composition Roof
Interior Spaces
- Ceiling Fan
- Wood Flooring
Parking
- 4 Open Parking Spaces
- 5 Parking Spaces
- 1 Covered Space
- Common or Shared Parking
- Assigned Parking
Schools
- Emerson Elementary School
- Phoenix Prep Academy Middle School
- North High School
Utilities
- Central Heating and Cooling System
- Multiple Heating Units
- Heating System Uses Natural Gas
- Heat Pump System
Listing and Financial Details
- Tenant pays for cable TV
- The owner pays for trash collection, water, sewer, landscaping
- Tax Lot 23
- Assessor Parcel Number 117-26-170
Community Details
Overview
- 2 Buildings
- 3 Units
- Building Dimensions are 147X64.5
- East Princeton Heights Subdivision
Building Details
- Operating Expense $5,301
- Gross Income $34,800
- Net Operating Income $29,499
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 21, 2019
Closed on
Oct 5, 2019
Sold by
Ellenberger Brian A and Ellenberger Family Trust
Bought by
Rayes Timothy
Seller's Agent
Chad Christian Jr
Russ Lyon Sotheby's International Realty
Buyer's Agent
Ryan Swan
HomeSmart
List Price
$498,000
Sold Price
$510,000
Premium/Discount to List
$12,000
2.41%
Total Days on Market
1
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,326
Avg. Annual Appreciation
5.24%
Original Mortgage
$408,000
Interest Rate
3.4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 7, 2010
Sold by
Walker Jason J and Jason J Walker Revocable Trust
Bought by
Ellenberger Brian A and The Ellenberger Family Trust
Purchase Details
Closed on
Jul 13, 2005
Sold by
Walker Jason J
Bought by
Walker Jason J and Jason J Walker Revocable Trust
Purchase Details
Closed on
Oct 15, 2004
Sold by
Ellenberger Brian A
Bought by
Ellenberger Brian A and Ellenberger Family Trust
Purchase Details
Closed on
May 28, 2003
Sold by
Mccauley Sherlock Robert L and Mccauley Sherlock Darla Ann
Bought by
Walker Jason J and Ellenberger Brian A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,250
Interest Rate
5.61%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 15, 1996
Sold by
Griffith Deborah L
Bought by
Mccauley Sherlock Robert L and Mccauley Sherlock Darla Ann
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,250
Interest Rate
5.75%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 30, 1996
Sold by
Mccauley Sherlock Robert L and Mccauley Sherlock Darla Ann
Bought by
Mccauley Ora Mae
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,250
Interest Rate
5.75%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 7, 1994
Sold by
Midland Mtg Co
Bought by
Hud
Purchase Details
Closed on
Jul 1, 1982
Sold by
Anderson Charlesetta
Bought by
Neighborhood Housing Svcs Of Phoenix Inc
Similar Homes in the area
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rayes Timothy | $510,000 | Magnus Title Agency Llc | |
| Ellenberger Brian A | -- | None Available | |
| Walker Jason J | -- | -- | |
| Ellenberger Brian A | -- | -- | |
| Walker Jason J | $195,000 | Security Title Agency | |
| Mccauley Sherlock Robert L | -- | -- | |
| Griffith Deborah L | -- | -- | |
| Mccauley Ora Mae | -- | First Southwestern Title | |
| Hud | -- | Network Escrow & Title Agenc | |
| Midland Mtg Co | -- | -- | |
| Neighborhood Housing Svcs Of Phoenix Inc | -- | Security Title Agency | |
| Neighborhood Housing Svcs Of Phoenix Inc | -- | Chicago Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Rayes Timothy | $457,500 | |
| Closed | Rayes Timothy | $408,000 | |
| Previous Owner | Walker Jason J | $146,250 | |
| Previous Owner | Mccauley Ora Mae | $53,250 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/16/2019 10/16/19 | Sold | $510,000 | +2.4% | $368 / Sq Ft |
| 09/21/2019 09/21/19 | For Sale | $498,000 | -- | $360 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,299 | $17,193 | -- | -- |
| 2024 | $2,277 | $16,374 | -- | -- |
| 2023 | $2,277 | $55,720 | $11,140 | $44,580 |
| 2022 | $2,196 | $41,970 | $8,390 | $33,580 |
| 2021 | $2,180 | $38,350 | $7,670 | $30,680 |
| 2020 | $2,205 | $30,070 | $6,010 | $24,060 |
| 2019 | $2,201 | $25,870 | $5,170 | $20,700 |
| 2018 | $2,164 | $20,180 | $4,030 | $16,150 |
| 2017 | $2,113 | $19,950 | $3,990 | $15,960 |
| 2016 | $2,053 | $17,460 | $3,490 | $13,970 |
| 2015 | $1,899 | $18,130 | $3,620 | $14,510 |
Source: Public Records
Agents Affiliated with this Home
-
Chad Christian Jr
Seller's Agent in 2019
Chad Christian Jr
Russ Lyon Sotheby's International Realty
(480) 287-5200
77 Total Sales
-
Joe Bushong
Seller Co-Listing Agent in 2019
Joe Bushong
Russ Lyon Sotheby's International Realty
(480) 287-5200
221 Total Sales
-
Ryan Swan
Buyer's Agent in 2019
Ryan Swan
HomeSmart
(602) 733-5455
1 in this area
66 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5981750
APN: 117-26-170
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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