NOT LISTED FOR SALE

2245 E Palm Ln Phoenix, AZ 85006

Central City Neighborhood

Estimated Value: $398,000 - $485,000

-- Bed
-- Bath
1,640 Sq Ft
$268/Sq Ft Est. Value

Last Sold April 12, 2019

Last sale price $200,000 $122 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $2,413/month

4 Days on Market

Highlights

  • Cooling Available
  • Phoenix Coding Academy Rated A
  • Heat Pump System

About This Home

As of April 2019

Investors Dream Renovation, excellent location, corner lot duplex. 2 units w/2 bed 1 bath single level. Tenant occupied with month to month leases in place. Selling AS IS condition. Needs TLC

Last Agent to Sell the Property

Carole Escalante

AH Properties License #SA680686000 Listed on: 01/25/2019

Last Buyer's Agent

Gabriel Escontrias

Realty ONE Group License #SA674244000

Realty ONE Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,031

Year Built

  • Built in 1949

Lot Details

  • Additional Parcels

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Schools

  • Creighton Elementary School
  • Phoenix Union Cyber High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Legal Lot and Block 2 / 1
  • Assessor Parcel Number 117-10-070

Community Details

Overview

  • 2 Units
  • Building Dimensions are 0.154 ACRES / 6728 SQFT
  • St Agnes Park Subdivision

Building Details

  • Operating Expense $2,827
  • Gross Income $16,800
  • Net Operating Income $11,489

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,031

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Cross Street: PALM LN. & 24TH ST.,
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: MULTI
  • Number Of Buildings: 1
  • Year Built: 1949
  • Tax Year: 2018
  • Directions: North on 24th Street from McDowell to Palm Lane, west to property
  • Road Surface Type: Asphalt
  • Subdivision Name: ST AGNES PARK
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: APS
  • Cooling: Electric
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 1296.0

Schools

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

Lot Info

  • Lot Size: 0.154 ACRES / 6728 SQFT
  • Additional Parcels: Yes
  • Parcel #: 117-10-070

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 2
  • Annual Gross Income: 16800.0
  • Insurance Expense: 500.0
  • Property Net Operating Income: 11489.0
  • Annual Operating Expense: 2827.0

Tax Info

  • Tax Annual Amount: 1031.0
  • Tax Block: 1
  • Tax Book Number: 117.00
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2019
Closed on
Mar 27, 2019
Sold by
Zweber Richard L
Bought by
Arroyo Veronica K and Miranda David L
Seller's Agent
Carole Escalante
AH Properties
Buyer's Agent
Gabriel Escontrias
Realty ONE Group
List Price
$225,900
Sold Price
$200,000
Premium/Discount to List
-$25,900
-11.47%
Current Estimated Value
$439,206

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$239,206
Avg. Annual Appreciation
12.97%
Original Mortgage
$150,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 25, 2006
Sold by
Passariello Robert
Bought by
Zweber Richard L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,000
Interest Rate
6.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 13, 2004
Sold by
Weightman Kelly
Bought by
Passariello Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 21, 2003
Sold by
Azizi Pooneh
Bought by
Azizi Pedram

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,250
Interest Rate
5.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 2003
Sold by
Gonzales Arsenio T
Bought by
Azizi Peter and Azizi Pooneh

Purchase Details

Closed on
Sep 20, 1994
Sold by
Hovden Mary A and Frie Wilma C
Bought by
Gonzales Arsenio T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,150
Interest Rate
8.58%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Arroyo Veronica K $200,000 Grand Canyon Title Agency
Zweber Richard L $211,000 Capital Title Agency Inc
Passariello Robert -- Capital Title Agency Inc
Passariello Robert $120,000 Capital Title Agency Inc
Azizi Pedram -- Chicago Title Insurance Co
Azizi Peter $27,500 Equity Title Agency Inc
Gonzales Arsenio T $46,500 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arroyo Veronica K $221,500
Closed Arroyo Veronica K $150,000
Previous Owner Zweber Richard L $103,500
Previous Owner Zweber Richard L $111,000
Previous Owner Passariello Robert $96,000
Previous Owner Azizi Pedram $98,250
Previous Owner Gonzales Arsenio T $44,150
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2019 04/12/19 Sold $200,000 -11.5% $122 / Sq Ft
04/12/2019 04/12/19 For Sale $225,900 0.0% $138 / Sq Ft
04/12/2019 04/12/19 Price Changed $225,900 0.0% $138 / Sq Ft
02/20/2019 02/20/19 For Sale $225,900 0.0% $138 / Sq Ft
02/20/2019 02/20/19 Price Changed $225,900 -5.0% $138 / Sq Ft
01/29/2019 01/29/19 Pending -- -- --
01/25/2019 01/25/19 For Sale $237,900 -- $145 / 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 $1,117 $8,595 -- --
2024 $1,105 $8,185 -- --
2023 $1,105 $31,180 $6,230 $24,950
2022 $1,061 $23,280 $4,650 $18,630
2021 $1,087 $19,720 $3,940 $15,780
2020 $1,060 $16,100 $3,220 $12,880
2019 $1,053 $13,330 $2,660 $10,670
2018 $1,031 $11,150 $2,230 $8,920
2017 $992 $10,900 $2,180 $8,720
2016 $953 $9,130 $1,820 $7,310
2015 $887 $7,950 $1,590 $6,360
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2019

    Carole Escalante

    AH Properties

    Section Image
  • Gabriel Escontrias

    Buyer's Agent in 2019

    Gabriel Escontrias

    Realty One Group

    (602) 748-3029

    2 Total Sales

    Gabriel Escontrias
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5873369

Arizona Regional Multiple Listing Service (ARMLS)

APN: 117-10-070

Arizona Maricopa County Phoenix 85006 Central City

2245 E Palm Ln, Phoenix, AZ

This home is located at 2245 E Palm Ln, Phoenix, AZ 85006 since 25 January 2019 and is currently estimated at $439,206, approximately $267 per square foot. This property was built in 1949. 2245 E Palm Ln is a home located in Maricopa County with nearby schools including William T Machan Elementary School, Camelback 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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