NOT LISTED FOR SALE

1610 E Palm Ln Phoenix, AZ 85006

-- Bed
-- Bath
14,756 Sq Ft
2.7 Acres

Last Sold August 30, 2017

Last sale price $950,000 $64 Per Sq Ft

2 Days on Market

Highlights

  • Central Air
  • Concrete Flooring
  • Heating System Uses Natural Gas
  • Phoenix Coding Academy Rated A

About This Home

As of August 2017

Hurry up! This is the price to sell and will sell quick. Great opportunity for investment. Huge price reduction. Sale Price is for all lots together.
117-15-074A, 117-15-073, 117-15-078, 117-15-079, 117-15-080, 117-15-081, 117-15-084 and 117-15-087. The lots are all adjacent and next to the address specified above.

Last Agent to Sell the Property

Cathy Hum

DeLex Realty License #SA632440000 Listed on: 08/17/2017

DeLex Realty

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $20,246

Year Built

  • Built in 1920

Lot Details

  • 2.7 Acre Lot
  • Additional Parcels
  • Property is zoned C-2

Home Design

  • Brick Exterior Construction
  • Foam Roof
  • Block Exterior

Interior Spaces

  • 14,756 Sq Ft Home
  • Concrete Flooring

Utilities

  • Central Air
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Master Water Meter

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 117-15-084

Community Details

Overview

  • 12 Buildings

Building Details

  • Operating Expense $64,957
  • Gross Income $165,300

Property Details

Property Type

Other

Est. Annual Taxes

$20,246

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Cross Street: 16th St and Palm Lane
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Current Use: Mixed Use, Restaurant
  • Number Of Buildings: 12
  • Year Built: 1920
  • Tax Year: 2016
  • Directions: Corner of 16th St and Palm Lane
  • Lot Size Acres: 2.7
  • Professional Management Expense: 9600.0
  • Structure Type: Commercial
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete

Exterior Features

  • Fencing: Other, See Remarks
  • Construction Type: Block, Brick
  • Roof: See Remarks, Foam, Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Parking:Private Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C, Wall/Window Unit(s)
  • Heating: Electric, Natural Gas
  • Water Source: Master Meter
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Fee Information

  • Annual Fuel Expense: 600.0
  • Annual Water Sewer Expense: 18000.0

Lot Info

  • Lot Size Sq Ft: 117670.0
  • Additional Parcels: Yes
  • Parcel #: 117-15-084
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 165300.0
  • Insurance Expense: 4511.0
  • Maintenance Expense: 10000.0
  • Annual Operating Expense: 64957.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 20246.0
  • Tax Book Number: 117.00
  • Tax Lot: 10
  • Tax Map Number: 15.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 27, 2019
Sold by
Mod Development Llc
Bought by
Clear Sky Cap East East Palm Self Storag
Total Days on Market
2

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$962,500
Outstanding Balance
$848,948
Interest Rate
3.4%
Mortgage Type
Construction
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
Clear Sky Cap East East Palm Self Storag $1,925,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clear Sky Cap East East Palm Self Storag $962,500
Previous Owner Mod Development Llc $570,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2017 08/30/17 Sold $950,000 +5.6% $64 / Sq Ft
08/19/2017 08/19/17 Pending -- -- --
08/17/2017 08/17/17 For Sale $900,000 -- $61 / 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
2021 $3,253 $31,372 $16,318 $15,054
2020 -- $29,537 $14,694 $14,843
2019 -- $23,572 $9,374 $14,198
2018 -- $22,866 $8,680 $14,186
2017 -- $19,071 $8,891 $10,180
2016 -- $18,055 $8,296 $9,759
2015 -- $16,402 $8,132 $8,270
Source: Public Records

Agents Affiliated with this Home

  • Cathy Hum

    Seller's Agent in 2017

    Cathy Hum

    DeLex Realty

    (623) 521-8188

    26 Total Sales

    Cathy Hum
    Section Image

  • N

    Buyer's Agent in 2017

    Non-MLS Agent

    Non-MLS Office

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5647854

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-15-084

Arizona Maricopa County Phoenix 85006

1610 E Palm Ln, Phoenix, AZ

This home is located at 1610 E Palm Ln, Phoenix, AZ 85006 since 17 August 2017. This property was built in 1920. 1610 E Palm Ln is a home located in Maricopa County with nearby schools including Excelencia School, North High 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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