NOT LISTED FOR SALE

1242 E Palacio Ln Phoenix, AZ 85014

Camelback East Village Neighborhood

Estimated Value: $456,000 - $511,972

2 Beds
2 Baths
1,416 Sq Ft
$345/Sq Ft Est. Value

Last Sold July 12, 2024

Last sale price $569,000 $402 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $3,079/month

1 Day on Market

Highlights

  • Private Pool
  • Vaulted Ceiling
  • 1 Fireplace
  • Phoenix Coding Academy Rated A
  • Santa Barbara Architecture
  • Private Yard

About This Home

As of July 2024

I M P E C C A B L E! You'll love the way Stamen Thomas designed & built Palacio del Sol. The Spanish architecture & painted rough sawn beams, and dining room firplace are 3 unforgettable touches that make this villa so lovely. New saltillo courtyard andf back patio, new cabinets, countertops, LED lights, showers, and custom concrete floors. There's a 2 car garage and outdoor storage too. You'll be close to all the good stuff: restaurants, 51 freeway, airport, downtown PHX and all the venues that make Central Phoenix living great.

Last Agent to Sell the Property

John Cunningham

eXp Realty License #SA531754000 Listed on: 06/20/2024

Last Buyer's Agent

Randy Stopher

West USA Realty License #SA641799000

West USA Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,529

Year Built

  • Built in 1973

Lot Details

  • 3,332 Sq Ft Lot
  • Desert faces the front of the property
  • Private Streets
  • Block Wall Fence
  • Private Yard

HOA Fees

  • $240 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Santa Barbara Architecture
  • Roof Updated in 2023
  • Wood Frame Construction
  • Foam Roof
  • Stucco

Interior Spaces

  • 1,416 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Skylights
  • 1 Fireplace
  • Security System Owned
  • Washer and Dryer Hookup

Kitchen

  • Kitchen Updated in 2023
  • Breakfast Bar
  • Built-In Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Pool

  • Private Pool
  • Fence Around Pool

Schools

  • Madison Rose Lane Elementary School
  • North High School

Utilities

  • Cooling System Updated in 2023
  • Central Air
  • Heating Available
  • Wiring Updated in 2023
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Patio

Community Details

  • Association fees include ground maintenance, street maintenance, trash
  • Palacio Del Sol Association, Phone Number (480) 239-4739
  • Built by Stamen Thomas
  • Palacio Del Sol Subdivision

Listing and Financial Details

  • Tax Lot 23
  • Assessor Parcel Number 162-03-092

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,529

Year Built

Built in 1973

Lot Details

0

HOA Fees

$240 per month

Parking

2

Listing Details

  • Cross Street: 12th st and Bethany Home Rd.
  • Legal Info Range: 3E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 240.0
  • Basement: N
  • Updated Heating or Cooling Units: Full
  • Items Updated Ht Cool Yr Updated: 2023
  • Updated Kitchen: Partial
  • Items Updated Kitchen Yr Updated: 2023
  • Updated Roof: Full
  • Items Updated Roof Yr Updated: 2023
  • Updated Wiring: Partial
  • Items Updated Wiring Yr Updated: 2023
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1973
  • Tax Year: 2023
  • Property Sub Type: Townhouse
  • Horses: No
  • Lot Size Acres: 0.08
  • Subdivision Name: PALACIO DEL SOL
  • Architectural Style: Santa Barbara/Tuscan
  • Property Attached Yn: Yes
  • Association Fees:HOA Fee2: 720.0
  • Dining Area:Breakfast Bar: Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: 1 Fireplace
  • Fireplace: Yes
  • Interior Amenities: Breakfast Bar, No Interior Steps, Vaulted Ceiling(s), 3/4 Bath Master Bdrm
  • Living Area: 1416.0
  • Stories: 1
  • Window Features: Skylight(s)
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Other Rooms:Great Room: Yes
  • Kitchen Features:Non-laminate Counter: Yes
  • Other Rooms:Family Room: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Private Street(s), Private Yard
  • Lot Features: Desert Front
  • Pool Features: Fenced
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted
  • Patio And Porch Features: Patio
  • Roof: Foam
  • Construction:Frame - Wood: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes
  • Exterior Features:Private Street(s): Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Garage Door Opener
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Open Parking Spaces: 2.0
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Wshr/Dry HookUp Only
  • Security: Security System Owned
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Association Fee: 720.0
  • Association Fee Frequency: Quarterly
  • Association Name: Palacio Del Sol
  • Phone: 480-239-4739
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA DisclosureAddendum Affirmation: Yes
  • Association Fees:HOA Paid Frequency: Quarterly
  • Association Fees:HOA Name4: Palacio Del Sol
  • Association Fees:HOA Telephone4: 480-239-4739
  • Association Fees:Special Assessment HOA: No
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Prepaid Association Fees HOA: 720.0
  • Association Fees:Disclosure Fees HOA: 400.0
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fee Incl:Street Maint: Yes
  • Association Fee Incl:Garbage Collection2: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds, Street Maint, Trash

Schools

  • Elementary School: Madison Rose Lane School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3332.0
  • Parcel #: 162-03-092

Building Info

  • Builder Name: Stamen Thomas

Tax Info

  • Tax Annual Amount: 2529.0
  • Tax Book Number: 162.00
  • Tax Lot: 23
  • Tax Map Number: 3.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 25, 2025
Sold by
Karbel Pederson Revocable Trust and Karbel Alan A
Bought by
Karbel Pederson Revocable Trust and Karbel
Current Estimated Value
$488,993

Purchase Details

Listed on
Jun 20, 2024
Closed on
Jul 12, 2024
Sold by
Etr Property Management Llc
Bought by
Karbel Alan A and Pederson David S
Seller's Agent
John Cunningham
eXp Realty
Buyer's Agent
Randy Stopher
West USA Realty
List Price
$569,000
Sold Price
$569,000
Views
40

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-11.50%
Original Mortgage
$540,550
Interest Rate
7.03%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 20, 2024
Closed on
May 14, 2024
Sold by
Omstead Family Trust and Omstead Ruth Jane
Bought by
Etr Property Management Llc
Seller's Agent
John Cunningham
eXp Realty
Buyer's Agent
Randy Stopher
West USA Realty
List Price
$569,000
Sold Price
$569,000
Views
40

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,550
Interest Rate
7.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 2, 2013
Sold by
Omstead Jerry E and Omstead Ruth Jane
Bought by
Omstead Jerry E and Omstead Ruth Jane

Purchase Details

Closed on
Jun 21, 1994
Sold by
Gonzales Evonne
Bought by
Omstead Jerry E and Omstead Ruthjane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,400
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Karbel Pederson Revocable Trust -- None Listed On Document
Karbel Alan A $569,000 Lawyers Title Of Arizona
Etr Property Management Llc $414,000 Lawyers Title Of Arizona
Omstead Jerry E -- None Available
Omstead Jerry E $86,000 Network Escrow & Title Agenc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Karbel Alan A $540,550
Previous Owner Omstead Jerry E $77,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/12/2024 07/12/24 Sold $569,000 0.0% $402 / Sq Ft
06/23/2024 06/23/24 Pending -- -- --
06/21/2024 06/21/24 For Sale $569,000 +37.4% $402 / Sq Ft
05/14/2024 05/14/24 Sold $414,000 -8.0% $292 / Sq Ft View Prior Sale
04/28/2024 04/28/24 Pending -- -- --
04/02/2024 04/02/24 Price Changed $450,000 -5.3% $318 / Sq Ft
02/01/2024 02/01/24 For Sale $475,000 -- $335 / 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 $2,968 $23,893 -- --
2024 $2,529 $22,756 -- --
2023 $2,529 $34,610 $6,920 $27,690
2022 $2,448 $29,150 $5,830 $23,320
2021 $2,498 $29,280 $5,850 $23,430
2020 $2,458 $27,350 $5,470 $21,880
2019 $2,402 $26,710 $5,340 $21,370
2018 $2,339 $22,470 $4,490 $17,980
2017 $2,220 $21,070 $4,210 $16,860
2016 $2,140 $19,910 $3,980 $15,930
2015 $1,991 $20,330 $4,060 $16,270
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    John Cunningham

    eXp Realty

  • Katie Painter

    Seller's Agent in 2024

    Katie Painter

    Keller Williams, Professional Partners

    (623) 256-3500

    1 in this area

    91 Total Sales

    Katie Painter
    Section Image
  • Randy Stopher

    Buyer's Agent in 2024

    Randy Stopher

    West USA Realty

    (480) 270-9130

    1 in this area

    34 Total Sales

    Randy Stopher
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6721993

Arizona Regional Multiple Listing Service (ARMLS)

APN: 162-03-092

Arizona Maricopa County Phoenix 85014 Camelback East Village

1242 E Palacio Ln, Phoenix, AZ

This home is located at 1242 E Palacio Ln, Phoenix, AZ 85014 since 20 June 2024 and is currently estimated at $488,993, approximately $345 per square foot. This property was built in 1973. 1242 E Palacio Ln is a home located in Maricopa County with nearby schools including Madison Rose Lane Elementary School, Madison No. 1 Middle School, and Phoenix Coding Academy.

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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