NOT LISTED FOR SALE

2229 E Palm Ln Phoenix, AZ 85006

Central City Neighborhood

Estimated Value: $460,000 - $608,000

2 Beds
-- Bath
2,009 Sq Ft
$255/Sq Ft Est. Value

Last Sold October 29, 2014

Last sale price $199,000 $99 Per Sq Ft

Est. 158% increase in value since last sale

Current estimated payment $2,764/month

5 Days on Market

Highlights

  • Wood Flooring
  • Evaporated cooling system
  • Central Heating and Cooling System
  • Phoenix Coding Academy Rated A
  • Community Barbecue Grill
  • Ceiling Fan

About This Home

As of October 2014

Duplex. Large lot! Desirable St Agnes Park. Tenant occupied. Call agent.

Last Agent to Sell the Property

Skip Woodrow

RE/MAX Excalibur License #SA627888000 Listed on: 09/26/2014

RE/MAX Excalibur

Last Buyer's Agent

Carolyn Bray

SERHANT. License #BR007380000

SERHANT.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $690

Year Built

  • Built in 1938

Lot Details

  • 6,839

Home Design

  • Composition Roof
  • Block Exterior

Interior Spaces

  • Ceiling Fan
  • Wood Flooring

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces

Schools

  • Creighton Elementary School
  • North High School

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Floor Furnace
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Window Unit Heating System

Listing and Financial Details

  • Tenant pays for water, sewer
  • Tax Lot 1
  • Assessor Parcel Number 117-10-069

Community Details

Overview

  • 2 Units
  • Building Dimensions are 53 x 128

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $1,518
  • Gross Income $18,540
  • Net Operating Income $17,712

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$690

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Cross Street: 24th Street and McDowell
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R1-6
  • Number Of Buildings: 1
  • Year Built: 1938
  • Tax Year: 2013
  • Road Surface Type: Asphalt
  • Garage Yn: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Total Parking Spaces: 2.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 2.0
  • Garage Details: Yes
  • Parking:Street Parking: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Central A/C, Evaporative Cooling, Wall/Window Unit(s), Ceiling Fan(s)
  • Heating: Central, Window/Wall Unit(s), Electric, Natural Gas, Floor Furnace, Wall Furnace
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Heating:Central: Yes
  • Heating:WindowWall Unit(s): Yes
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Community Amenities:Barbecue: Yes

Schools

  • Elementary School: Creighton Elementary School
  • High School: North High School
  • Middle Or Junior School: Creighton Elementary School

Lot Info

  • Lot Size: 53 x 128
  • Additional Parcels: No
  • Parcel #: 117-10-069

Multi Family

  • Owner Pays: None
  • Tenant Pays: Water, Sewer
  • Number Of Units Total: 2
  • Annual Gross Income: 18540.0
  • Insurance Expense: 828.0
  • Property Net Operating Income: 17712.0
  • Annual Operating Expense: 1518.0

Tax Info

  • Tax Annual Amount: 690.0
  • Tax Book Number: 117.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 18, 2020
Sold by
Guerra Joseph P and Guerra Lirio V
Bought by
Guerra Joseph P and Guerra Lirio V
Current Estimated Value
$512,864

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,800
Outstanding Balance
$160,665
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$352,199

Purchase Details

Closed on
Jul 29, 2015
Sold by
Guerra Joseph P and Guerra Lirio V
Bought by
The Joseph & Lirio Guerra Living Trust and Guerra Lirio V

Purchase Details

Listed on
Sep 26, 2014
Closed on
Oct 6, 2014
Sold by
Labossiere Daniel L
Bought by
Guerra Joseph P and Guerra Lirio
Seller's Agent
Skip Woodrow
RE/MAX Excalibur
Buyer's Agent
Carolyn Bray
SERHANT.
List Price
$224,900
Sold Price
$199,000
Premium/Discount to List
-$25,900
-11.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.79%
Original Mortgage
$196,278
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Listed on
Dec 5, 2013
Closed on
Mar 18, 2014
Sold by
Ahrens Cindy Gail
Bought by
Labossiere Daniel J
Seller's Agent
Carolyn Bray
SERHANT.
Buyer's Agent
Skip Woodrow
RE/MAX Excalibur
List Price
$199,900
Sold Price
$155,000
Premium/Discount to List
-$44,900
-22.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
53.85%

Purchase Details

Closed on
Aug 27, 2003
Sold by
Ahrens Cindy Gail
Bought by
Ahrens Cindy Gail and The Cindy Gail Ahrens Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,500
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 26, 2003
Sold by
Ahrens Cindy Gail
Bought by
Ahrens Cindy Gail

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,500
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 5, 1998
Sold by
Ahrens Cindy Gail and Ahrens Cindy G
Bought by
Ahrens Cindy Gail and The Cindy Gail Ahrens Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,400
Interest Rate
6.54%

Purchase Details

Closed on
Aug 26, 1997
Sold by
Ahrens Cindy Gail and Ahrens Cindy G
Bought by
Ahrens Cindy Gail and Cindy Gail Ahrens Living Trust

Purchase Details

Closed on
May 22, 1996
Sold by
Sell Income Properties Ltd
Bought by
Ahrens Cindy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,100
Interest Rate
11.1%
Mortgage Type
Seller Take Back
Source: Public Records
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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
Guerra Joseph P -- Accommodation
Guerra Joseph P -- Accommodation
The Joseph & Lirio Guerra Living Trust -- None Available
Guerra Joseph P $199,900 First Arizona Title Agency
Labossiere Daniel J $155,000 First Arizona Title Agency
Ahrens Cindy Gail -- First American Title Ins Co
Ahrens Cindy Gail -- First American Title Ins Co
Ahrens Cindy Gail -- Chicago Title Insurance Co
Ahrens Cindy Gail -- Chicago Title Insurance Co
Ahrens Cindy Gail -- --
Ahrens Cindy $63,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guerra Joseph P $181,800
Previous Owner Guerra Joseph P $196,278
Previous Owner Ahrens Cindy Gail $101,500
Previous Owner Ahrens Cindy Gail $58,400
Previous Owner Ahrens Cindy $44,100
Closed Ahrens Cindy $12,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/29/2014 10/29/14 Sold $199,000 -11.5% $99 / Sq Ft
09/30/2014 09/30/14 Pending -- -- --
09/25/2014 09/25/14 For Sale $224,900 +45.1% $112 / Sq Ft
04/01/2014 04/01/14 Sold $155,000 -22.5% $77 / Sq Ft View Prior Sale
03/19/2014 03/19/14 Pending -- -- --
12/05/2013 12/05/13 For Sale $199,900 -- $100 / 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 $1,294 $9,578 -- --
2024 $1,231 $9,122 -- --
2023 $1,231 $35,430 $7,080 $28,350
2022 $1,183 $26,460 $5,290 $21,170
2021 $1,211 $22,320 $4,460 $17,860
2020 $1,182 $18,070 $3,610 $14,460
2019 $1,173 $15,060 $3,010 $12,050
2018 $1,149 $13,930 $2,780 $11,150
2017 $1,105 $12,270 $2,450 $9,820
2016 $1,062 $10,250 $2,050 $8,200
2015 $988 $9,020 $1,800 $7,220
Source: Public Records

Agents Affiliated with this Home

  • Skip Woodrow

    Seller's Agent in 2014

    Skip Woodrow

    RE/MAX

    25 Total Sales

    Skip Woodrow
    Section Image
  • Carolyn Bray

    Seller's Agent in 2014

    Carolyn Bray

    SERHANT.

    (602) 989-6054

    67 Total Sales

    Carolyn Bray
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5176579

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-10-069

Arizona Maricopa County Phoenix 85006 Central City

2229 E Palm Ln, Phoenix, AZ

Not Listed for Sale

MultiFamily

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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