NOT LISTED FOR SALE

301 E Palm Ln Phoenix, AZ 85004

Alvarado Historic District Neighborhood
-- Bed
-- Bath
9,432 Sq Ft
0.98 Acres

Last Sold January 02, 2018

Last sale price $1,420,000 $151 Per Sq Ft

118 Days on Market

Highlights

  • 0.98 Acre Lot
  • Community Kitchen
  • Carpet
  • Phoenix Coding Academy Rated A
  • Central Air
  • Heating System Uses Natural Gas

About This Home

As of January 2018

±9,432 SF single story office building situated on ±42,897 square feet of C-O zoned land at the intersection of 3rd Street and Palm Lane. This property features: an open reception area, executive offices, ±1,600 square foot currently functioning as training room/event space, several conference rooms, bullpen, full kitchen, ADA restrooms, interior courtyard, plentiful storage and parking. Ideal for an Owner User or Investor as this could be easily divided into Multi-Tenant office. Private Parking: 41 Spaces including 12 Covered Spaces.

Last Agent to Sell the Property

Beth Jo Zeitzer

R.O.I. Properties License #BR044331000 Listed on: 06/22/2017

Co-Listed By

Justin Cirell

R.O.I. Properties License #SA644392000

Last Buyer's Agent

Beth Jo Zeitzer

R.O.I. Properties License #BR044331000 Listed on: 06/22/2017

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $19,821

Year Built

  • Built in 1974

Lot Details

  • 0.98 Acre Lot
  • Property is zoned C-O

Home Design

  • 9,432 Sq Ft Home

Flooring

  • Carpet
  • Vinyl

Parking

  • 29 Open Parking Spaces
  • 41 Parking Spaces
  • 12 Covered Spaces
  • Private Parking
  • Paved Parking

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 36
  • Assessor Parcel Number 118-54-015-A

Community Details

Amenities

  • Community Kitchen
  • Meeting Room
  • Reception Area

Additional Features

  • Los Olivos 51, 52 Subdivision
  • Net Operating Income $1

Property Details

Property Type

Other

Est. Annual Taxes

$19,821

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Cross Street: N 3rd St & E Palm Ln
  • Legal Info Range: 3E
  • Property Type: Comm/Industry Sale
  • Zoning: C-O
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1974
  • Tax Year: 2016
  • Directions: Located on the Southeast corner of E Palm Lane & N 3rd Street. Frontage on North 3rd Street. Easy access to Interstate-10 to the south. Near Downtown, Midtown and Central Avenue Corridor.
  • Lot Size Acres: 0.98
  • Professional Management Expense: 1.0
  • Co List Office Mls Id: roip01
  • Co List Office Phone: 602-319-1326
  • Subdivision Name: LOS OLIVOS 51, 52
  • Structure Type: Commercial, Office
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other, Carpet, Vinyl
  • Living Area: 9432.0

Exterior Features

  • Fencing: Other, See Remarks
  • Disclosures: Other (See Remarks)
  • Construction Type: Other
  • Roof: Other
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Total Covered Spaces: 12.0
  • Parking Features: Other, Paved, Private
  • Attached Garage: No
  • Open Parking Spaces: 29.0
  • Total Parking Spaces: 41.0
  • General Property Description:Covered Parking Spcs: 12.0
  • General Property Description:Uncvrd Parking Spcs: 29.0
  • General Property Description:Total Parking Spcs: 41.0
  • Parking Features Paved Parking: Yes
  • Parking Features Private Parking: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Central Air, Other, See Remarks
  • Heating: Other, See Remarks, Natural Gas
  • Green Building Features: Other (See Remarks), Conference Room, Reception Room, Kitchen
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Other, See Remarks
  • Heating:Natural Gas: Yes
  • Main Cooling Other: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Reception Room: Yes
  • Amenities:Conference Room: Yes
  • Amenities:Other (See Remarks)32: Yes

Fee Information

  • Annual Fuel Expense: 1.0
  • Trash Expense: 1.0
  • Annual Water Sewer Expense: 1.0

Lot Info

  • Lot Size Sq Ft: 42897.0
  • Parcel #: 118-54-015-A

Multi Family

  • Electric Expense: 1.0
  • Insurance Expense: 1.0
  • Maintenance Expense: 1.0
  • Property Net Operating Income: 1.0
  • Vacancy Allowance Rate: 1.0

Tax Info

  • Tax Annual Amount: 19821.0
  • Tax Book Number: 118.00
  • Tax Lot: 36
  • Tax Map Number: 54.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 5, 2022
Sold by
Khalsa Montessori Elementary School
Bought by
Mmpr 303 Palm Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Outstanding Balance
$1,720,063
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 22, 2017
Closed on
Dec 29, 2017
Sold by
Maricopa County Bar Assn
Bought by
Khalsa Montessori Elementary School
Seller's Agent
Beth Jo Zeitzer
R.O.I. Properties
Buyer's Agent
Beth Jo Zeitzer
R.O.I. Properties
List Price
$1,600,000
Sold Price
$1,420,000
Premium/Discount to List
-$180,000
-11.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,376,100
Interest Rate
3.95%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Mmpr 303 Palm Holdings Llc $2,250,000 Commonwealth Land Title
Khalsa Montessori Elementary School $1,420,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mmpr 303 Palm Holdings Llc $1,800,000
Previous Owner Khalsa Montessori Elementary School $1,376,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/02/2018 01/02/18 Sold $1,420,000 -5.3% $151 / Sq Ft
10/10/2017 10/10/17 Pending -- -- --
09/05/2017 09/05/17 Price Changed $1,500,000 -6.3% $159 / Sq Ft
08/18/2017 08/18/17 Price Changed $1,600,000 +6.7% $170 / Sq Ft
08/17/2017 08/17/17 Price Changed $1,500,000 -6.3% $159 / Sq Ft
06/14/2017 06/14/17 For Sale $1,600,000 -- $170 / 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 $13,694 $100,421 -- --
2024 $266 $95,640 -- --
2023 $266 $262,665 $85,755 $176,910
2022 $265 $227,580 $67,215 $160,365
2021 $265 $217,020 $67,215 $149,805
2020 $265 $112,095 $42,960 $69,135
2019 $264 $128,178 $42,984 $85,194
2018 $15,428 $123,354 $38,376 $84,978
2017 $15,029 $93,132 $39,978 $53,154
2016 $14,532 $96,894 $37,368 $59,526
2015 $13,827 $76,036 $37,278 $38,758
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2018

    Beth Jo Zeitzer

    R.O.I. Properties

    Section Image
  • Justin Cirell

    Seller Co-Listing Agent in 2018

    Justin Cirell

    R.O.I. Properties

    (480) 356-1450

    6 Total Sales

    Justin Cirell
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5623048

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-54-015A

Arizona Maricopa County Phoenix 85004 Alvarado Historic District

301 E Palm Ln, Phoenix, AZ

This home is located at 301 E Palm Ln, Phoenix, AZ 85004 since 22 June 2017. This property was built in 1974. 301 E Palm Ln is a home located in Maricopa County with nearby schools including Emerson Elementary School, Phoenix Coding Academy, and Central High School.

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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