NOT LISTED FOR SALE

1114 W Palm Ln Phoenix, AZ 85007

Encanto-Palmcroft Neighborhood

Estimated Value: $601,000 - $1,118,000

2 Beds
1 Bath
1,373 Sq Ft
$643/Sq Ft Est. Value

Last Sold April 29, 2019

Last sale price $345,000 $251 Per Sq Ft

Est. 156% increase in value since last sale

Current estimated payment $4,871/month

10 Days on Market

Highlights

  • The property is located in a historic district
  • Property is near public transit
  • 1 Car Detached Garage
  • Phoenix Coding Academy Rated A
  • No HOA
  • Eat-In Kitchen

About This Home

As of April 2019

Incredible opportunity for a remodel and/or expansion in the heart of historic Encanto Palmcroft. This 2 bedroom, 1 bath home, located on the tree lined Palm Lane, features generous rooms and loads of historic charm. This home has not been on the market for 39 years. The property is listed on the National Historic Register which provides the homeowner with significant property tax savings. Property is being sold in As-Is condition.

Last Agent to Sell the Property

Chad Christian Jr

Russ Lyon Sotheby's International Realty License #SA536279000 Listed on: 03/25/2019

Russ Lyon Sotheby's International Realty

Co-Listed By

Joe Bushong

Russ Lyon Sotheby's International Realty License #SA558366000

Last Buyer's Agent

Joshua Carlson

Gentry Real Estate License #SA569332000

Gentry Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,182

Year Built

  • Built in 1940

Lot Details

  • 7,558 Sq Ft Lot
  • Wood Fence
  • Front Yard Sprinklers
  • Grass Covered Lot

Parking

  • 1 Car Detached Garage
  • 1 Carport Space

Home Design

  • Fixer Upper
  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 1,373 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Security System Owned
  • Eat-In Kitchen

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Location

  • Property is near public transit
  • Property is near a bus stop
  • The property is located in a historic district

Schools

  • Kenilworth Elementary School
  • Phoenix Prep Academy Middle School
  • Central High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Association fees include no fees
  • West Encanto Amd Subdivision, Historic Floorplan

Listing and Financial Details

  • Tax Lot 211
  • Assessor Parcel Number 111-10-011

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,182

Year Built

Built in 1940

Lot Details

0

Parking

1

Listing Details

  • Cross Street: 7th Ave and Encanto Blvd
  • Legal Info Range: 3E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Basement: N
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1940
  • Tax Year: 2018
  • Directions: From 7th Ave and Encanto Blvd (stop light) go West on Encanto Blvd to 9th Ave, go South on 9th Ave to Palm Lane, turn right (West) on Palm Lane to property on the right.
  • Master Model: Historic
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.17
  • Co List Office Mls Id: lyon19
  • Co List Office Phone: 480-287-5200
  • Subdivision Name: WEST ENCANTO AMD
  • Architectural Style: Ranch
  • New Construction: No
  • Property Attached Yn: No
  • Technology:Cable TV Avail: Yes
  • Construction Brick: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Fireplace Features Fireplace Living Rm: Yes
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Possible Use: None
  • Spa Features: None
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: 1 Fireplace, Living Room
  • Fireplace: Yes
  • Interior Amenities: Eat-in Kitchen
  • Living Area: 1373.0
  • Stories: 1
  • Kitchen Features:RangeOven Gas: Yes
  • Community Features:Near Bus Stop: Yes
  • Community Features:Historic District: Yes
  • Community Features:Near Light Rail Stop: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Wood
  • Lot Features: Sprinklers In Front, Dirt Back, Grass Front
  • Pool Features: None
  • Disclosures: Seller Discl Avail
  • Construction Type: Painted, Brick
  • Property Condition: Fixer
  • Roof: Composition

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Detached
  • Attached Garage: No
  • Carport Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features:Detached: Yes

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas
  • Security: Security System Owned
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Near Light Rail Stop, Near Bus Stop, Historic District
  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:No Fees: Yes

Fee Information

  • Association Fee Includes: No Fees

Schools

  • Elementary School: Kenilworth Elementary School
  • High School: Central High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Phoenix Prep Academy

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7558.0
  • Parcel #: 111-10-011

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 2182.0
  • Tax Book Number: 111.00
  • Tax Lot: 211
  • Tax Map Number: 10.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 22, 2021
Sold by
Alpert Samuel Ross and Ruiz Vanessa
Bought by
Alpert Samuel Ross and Ruiz Vanessa
Current Estimated Value
$882,340

Purchase Details

Closed on
Feb 18, 2020
Sold by
Carlson Venture Group Llc
Bought by
Ruiz Vanessa and Alpert Samuel Ross

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$507,750
Outstanding Balance
$449,577
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$432,763

Purchase Details

Listed on
Mar 25, 2019
Closed on
Apr 24, 2019
Sold by
Thomas Jean
Bought by
Carlson Venture Group Llc
Seller's Agent
Chad Christian Jr
Russ Lyon Sotheby's International Realty
Buyer's Agent
Joshua Carlson
Gentry Real Estate
List Price
$367,000
Sold Price
$345,000
Premium/Discount to List
-$22,000
-5.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.72%
Original Mortgage
$276,000
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 6, 2008
Sold by
Duncan Jean Pearson
Bought by
Thomas Jean Pearson
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Alpert Samuel Ross -- None Available
Ruiz Vanessa $677,000 Fidelity Natl Ttl Agcy Inc
Carlson Venture Group Llc $345,000 Jetclosing Inc
Thomas Jean Pearson -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ruiz Vanessa $507,750
Previous Owner Carlson Venture Group Llc $276,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2019 04/29/19 Sold $345,000 -6.0% $251 / Sq Ft
04/04/2019 04/04/19 Pending -- -- --
03/25/2019 03/25/19 For Sale $367,000 -- $267 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

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 $2,316 $17,319 -- --
2024 $2,294 $16,494 -- --
2023 $2,294 $34,165 $6,830 $27,335
2022 $2,212 $25,885 $5,175 $20,710
2021 $2,196 $24,150 $4,830 $19,320
2020 $2,223 $20,155 $4,030 $16,125
2019 $2,219 $16,825 $3,365 $13,460
2018 $2,182 $15,630 $3,125 $12,505
2017 $2,131 $15,035 $3,005 $12,030
2016 $2,070 $12,555 $2,510 $10,045
2015 $1,915 $13,710 $2,740 $10,970
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

    15 in this area

    73 Total Sales

    Chad Christian Jr
    Section Image
  • Joe Bushong

    Seller Co-Listing Agent in 2019

    Joe Bushong

    Russ Lyon Sotheby's International Realty

    (480) 287-5200

    15 in this area

    214 Total Sales

    Joe Bushong
    Section Image
  • Joshua Carlson

    Buyer's Agent in 2019

    Joshua Carlson

    Gentry Real Estate

    (480) 695-4841

    71 Total Sales

    Joshua Carlson
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5901611

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-10-011

Arizona Maricopa County Phoenix 85007 Encanto-Palmcroft

1114 W Palm Ln, Phoenix, AZ

This home is located at 1114 W Palm Ln, Phoenix, AZ 85007 since 25 March 2019 and is currently estimated at $882,340, approximately $642 per square foot. This property was built in 1940. 1114 W Palm Ln is a home located in Maricopa County with nearby schools including Kenilworth Elementary School, Phoenix Coding Academy, and Central High School.

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.

Arizona Regional Multiple Listing Service (ARMLS) 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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