NOT LISTED FOR SALE

2242 E Palm Ln Phoenix, AZ 85006

Central City Neighborhood

Estimated Value: $792,000 - $841,000

3 Beds
2 Baths
1,907 Sq Ft
$433/Sq Ft Est. Value

Last Sold December 02, 2016

Last sale price $240,000 $126 Per Sq Ft

Est. 244% increase in value since last sale

Current estimated payment $4,464/month

2 Days on Market

Highlights

  • RV Garage
  • Gated Parking
  • Corner Lot
  • Phoenix Coding Academy Rated A
  • 0.32 Acre Lot
  • Granite Countertops

About This Home

As of December 2016

Large corner lot with RV garage. Re-built in 2011. Includes upgraded open split floor plan, dual pane windows, granite counters, concrete floors, large bedrooms and closets, home sits on 2 lots. Large North facing covered back patio. Close to SR-51, 202, 1-10 and downtown Phoenix. Electric will not be hooked up to RV garage. Home appraised for $250,000 on 11/15/2016.

Last Agent to Sell the Property

Vincent Fumusa

HomeSmart License #SA515405000 Listed on: 11/16/2016

HomeSmart

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,295

Year Built

  • Built in 2011

Lot Details

  • 0.32 Acre Lot
  • Block Wall Fence
  • Corner Lot

Parking

  • 4 Car Detached Garage
  • Garage ceiling height seven feet or more
  • Gated Parking
  • RV Garage

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,907 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Concrete Flooring

Kitchen

  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Schools

  • Creighton Elementary School
  • Phoenix Union Cyber High School

Utilities

  • Refrigerated Cooling System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Covered Patio or Porch
  • Property is near a bus stop

Community Details

  • No Home Owners Association
  • Vel Ru Heights Subdivision

Listing and Financial Details

  • Legal Lot and Block 1 / 4
  • Assessor Parcel Number 117-09-074-A

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,295

Year Built

Built in 2011

Lot Details

0

Parking

4

Listing Details

  • Cross Street: 24th St. and McDowell
  • Legal Info Range: 3E
  • Property Type: Residential
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 4.0
  • Parking Spaces Total Covered Spaces: 4.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2011
  • Tax Year: 2016
  • Property Sub Type: Single Family - Detached
  • Lot Size Acres: 0.32
  • Subdivision Name: VEL RU HEIGHTS
  • Architectural Style: Ranch
  • Property Attached Yn: No
  • Tax Parcel Letter: A
  • ResoBuildingAreaSource: Assessor
  • General Property Description:PriceSqFt: 125.85
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Technology:High Speed Internet Available: Yes
  • Special Features: None

Interior Features

  • Flooring: Concrete
  • Spa Features: None
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Walk-In Closet(s), No Interior Steps, 3/4 Bath Master Bdrm, High Speed Internet, Granite Counters
  • Living Area: 1907.0
  • Stories: 1
  • Window Features: Double Pane Windows
  • Fireplace:No Fireplace: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Dishwasher2: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Kitchen Features:Disposal2: Yes
  • Kitchen Features:Refrigerator2: Yes
  • Other Rooms:Great Room: Yes
  • Community Features:Near Bus Stop: Yes
  • Kitchen Features:Cook Top Elec: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Covered Patio(s)
  • Lot Features: Corner Lot, Gravel/Stone Front, Gravel/Stone Back
  • Pool Features: None
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Over Height Garage, RV Gate, Detached, Gated, RV Garage
  • Attached Garage: No
  • Garage Spaces: 4.0
  • Open Parking Spaces: 4.0
  • Parking Features:RV Gate: Yes
  • Parking Features:Gated Parking: Yes
  • Parking Features:Detached: Yes
  • Parking Features:Over Height Garage: Yes
  • Parking Features:RV Garage: Yes

Utilities

  • Cooling: Refrigeration, Ceiling Fan(s)
  • Heating: Natural Gas
  • Laundry Features: Inside, Wshr/Dry HookUp Only
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Near Bus Stop
  • Amenities: None
  • 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

Schools

  • Elementary School: Creighton Elementary School
  • High School: Phoenix Union Cyber High School
  • Middle Or Junior School: Creighton Elementary School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 13778.0
  • Parcel #: 117-09-074-A
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Unkown

Tax Info

  • Tax Annual Amount: 1295.0
  • Tax Block: 4
  • Tax Book Number: 117.00
  • Tax Lot: 1
  • Tax Map Number: 9.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 26, 2022
Sold by
Lapearl Montandon Wendell and Lapearl Ann Barbara
Bought by
Wlba Montandon Family Revocable Trust
Current Estimated Value
$825,968

Purchase Details

Listed on
Nov 16, 2016
Closed on
Nov 22, 2016
Sold by
Randall Clayton R and Randall Allison D
Bought by
Montandon Wendell L and Montandon Barbara
Seller's Agent
Vincent Fumusa
HomeSmart
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$250,000
Sold Price
$240,000
Premium/Discount to List
-$10,000
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.69%

Purchase Details

Closed on
Sep 21, 2012
Sold by
Randall Clayton R
Bought by
Randall Clayton R and Randall Allison D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,500
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 13, 2006
Sold by
Holt Eric
Bought by
Randall Clayton R

Purchase Details

Closed on
Feb 15, 2006
Sold by
Randall Clayton R
Bought by
Holt Eric M

Purchase Details

Closed on
Jun 23, 2003
Sold by
Liberman Barbara E
Bought by
Maximoff Jerry P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,750
Interest Rate
7.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 21, 1995
Sold by
Skaggs Michael Gene
Bought by
Maximoff Jerry P and Liberman Barbara E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,579
Interest Rate
7.42%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Wlba Montandon Family Revocable Trust -- None Listed On Document
Montandon Wendell L $240,000 First American Title Ins Co
Randall Clayton R -- Pioneer Title Agency Inc
Randall Clayton R -- None Available
Holt Eric M -- None Available
Maximoff Jerry P -- Transnation Title Ins Co
Maximoff Jerry P -- Transnation Title Ins Co
Maximoff Jerry P $79,000 Transamerica Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Randall Clayton R $188,500
Previous Owner Maximoff Jerry P $93,750
Previous Owner Maximoff Jerry P $78,579
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/02/2016 12/02/16 Sold $240,000 -4.0% $126 / Sq Ft
11/18/2016 11/18/16 Pending -- -- --
11/16/2016 11/16/16 For Sale $250,000 -- $131 / 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 $1,578 $11,682 -- --
2024 $1,501 $11,125 -- --
2023 $1,501 $46,010 $9,200 $36,810
2022 $1,442 $36,900 $7,380 $29,520
2021 $1,477 $33,530 $6,700 $26,830
2020 $1,441 $30,550 $6,110 $24,440
2019 $1,431 $24,820 $4,960 $19,860
2018 $1,402 $21,860 $4,370 $17,490
2017 $1,348 $18,820 $3,760 $15,060
2016 $1,295 $15,600 $3,120 $12,480
2015 $1,205 $15,560 $3,110 $12,450
Source: Public Records

Agents Affiliated with this Home

  • Vincent Fumusa

    Seller's Agent in 2016

    Vincent Fumusa

    HomeSmart

    (480) 889-3700

    64 Total Sales

    Vincent Fumusa
    Section Image

  • N

    Buyer's Agent in 2016

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5525990

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-09-074A

Arizona Maricopa County Phoenix 85006 Central City

2242 E Palm Ln, Phoenix, AZ

Not Listed for Sale

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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