2242 E Palm Ln Phoenix, AZ 85006
Central City NeighborhoodEstimated payment $4,650/month
Highlights
- Guest House
- RV Garage
- 0.32 Acre Lot
- Phoenix Coding Academy Rated A
- Gated Parking
- Vaulted Ceiling
About This Home
A RARE GEM IN THE HEART OF GREEN GABLES/ENCANTO! Stunning 3BR/2BA split floor plan with a spacious primary suite featuring a huge walk-in closet and luxurious bath. Open kitchen with granite counters, breakfast bar, new appliances, and smart fridge overlooks a large covered patio and landscaped backyard. THE REAL SHOWSTOPPER? A detached 1,000 sq ft living/work space with soaring 14' ceilings, RV-sized doors, finished concrete flooring, and its own half bath. Fully climate-controlled, this incredible bonus space is ideal for guest quarters, a home business, creative studio, workshop, garage, or rec room—the possibilities are endless. Prime location with easy access to 202 & SR 51, close to downtown, Biltmore, and Arcadia. Don't miss this rare find with endless possibilities!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,519
Year Built
- Built in 2011
Lot Details
- 0.32 Acre Lot
- Desert faces the back of the property
- Block Wall Fence
- Artificial Turf
- Corner Lot
- Backyard Sprinklers
- Grass Covered Lot
Parking
- 2 Car Detached Garage
- 2 Open Parking Spaces
- 2 Carport Spaces
- Oversized Parking
- Garage ceiling height seven feet or more
- Garage Door Opener
- Gated Parking
- RV Garage
Home Design
- Room Addition Constructed in 2022
- Wood Frame Construction
- Composition Roof
- Block Exterior
- Stucco
Interior Spaces
- 3,006 Sq Ft Home
- 1-Story Property
- Vaulted Ceiling
- Ceiling Fan
- Double Pane Windows
- ENERGY STAR Qualified Windows
- Vinyl Clad Windows
Kitchen
- Kitchen Updated in 2022
- Eat-In Kitchen
- Breakfast Bar
- Electric Cooktop
- Built-In Microwave
- Granite Countertops
Flooring
- Floors Updated in 2022
- Laminate Flooring
Bedrooms and Bathrooms
- 3 Bedrooms
- Bathroom Updated in 2022
- Primary Bathroom is a Full Bathroom
- 2.5 Bathrooms
- Dual Vanity Sinks in Primary Bathroom
- Low Flow Plumbing Fixtures
- Bathtub With Separate Shower Stall
Outdoor Features
- Covered Patio or Porch
- Outdoor Storage
Schools
- William T Machan Elementary School
- Camelback High School
Utilities
- Central Air
- Heating Available
- Plumbing System Updated in 2022
- Wiring Updated in 2022
- High Speed Internet
- Cable TV Available
Additional Features
- No Interior Steps
- Guest House
- Property is near a bus stop
Community Details
- No Home Owners Association
- Association fees include no fees
- Vel Ru Heights Subdivision
Listing and Financial Details
- Tax Lot 1
- Assessor Parcel Number 117-09-074-A
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,519 | $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 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/07/2025 06/07/25 | Price Changed | $849,000 | -5.6% | $282 / Sq Ft |
| 05/30/2025 05/30/25 | Price Changed | $899,000 | -5.3% | $299 / Sq Ft |
| 04/25/2025 04/25/25 | For Sale | $949,000 | -- | $316 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Listed On Document | |
| Cash Sale Deed | $240,000 | First American Title Ins Co | |
| Interfamily Deed Transfer | -- | Pioneer Title Agency Inc | |
| Quit Claim Deed | -- | None Available | |
| Joint Tenancy Deed | -- | None Available | |
| Quit Claim Deed | -- | Transnation Title Ins Co | |
| Quit Claim Deed | -- | Transnation Title Ins Co | |
| Joint Tenancy Deed | $79,000 | Transamerica Title Ins Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $75,000 | Credit Line Revolving | |
| Previous Owner | $188,500 | New Conventional | |
| Previous Owner | $195,000 | Unknown | |
| Previous Owner | $74,400 | Credit Line Revolving | |
| Previous Owner | $128,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $93,750 | Purchase Money Mortgage | |
| Previous Owner | $78,579 | FHA |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6857120
APN: 117-09-074A
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.
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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