NOT LISTED FOR SALE

303 E Palm Ln Phoenix, AZ 85004

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

Last Sold July 08, 2022

Last sale price $2,250,000 $239 Per Sq Ft

28 Days on Market

Highlights

  • 0.98 Acre Lot
  • Community Kitchen
  • Stone Flooring
  • Phoenix Coding Academy Rated A
  • Cooling Available
  • Wood Fence

About This Home

As of July 2022

This 9,432 SF office provides an incredible opportunity for a business owner to purchase property in the heart of the Phoenix Midtown Market. Located in the quiet Los Olivos neighborhood, the property enjoys close proximity to all that downtown has to offer without the traffic and parking issues. This commercial office appeals to any business owner that is looking to relocate their office to a superb location with plenty of parking, surrounding restaurants, and close proximity to DTPHX. This is a unique opportunity for an owner user to put their signature on versatile property in a top tier area.

Last Agent to Sell the Property

Beth Jo Zeitzer

R.O.I. Properties License #BR044331000 Listed on: 04/29/2022

Co-Listed By

Reuben Nach

R.O.I. Properties License #SA687040000

Last Buyer's Agent

Non-MLS Agent

Non-MLS Office

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $464

Year Built

  • Built in 1974

Lot Details

  • 0.98 Acre Lot
  • Wood Fence
  • Property is zoned C-O

Home Design

  • 9,432 Sq Ft Home
  • Block Exterior

Flooring

  • Stone
  • Concrete

Parking

  • 27 Open Parking Spaces
  • 39 Parking Spaces
  • 12 Covered Spaces
  • Private Parking
  • Paved Parking

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

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

Community Details

Overview

  • Los Olivios 51,52 Subdivision

Amenities

  • Community Kitchen
  • Meeting Room
  • Reception Area

Property Details

Property Type

Other

Est. Annual Taxes

$464

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Cross Street: 3rd St & Palm Lane
  • Property Type: Comm/Industry Sale
  • Zoning: C-O
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1974
  • Tax Year: 2021
  • Lot Size Acres: 0.98
  • Co List Office Mls Id: roip01
  • Co List Office Phone: 602-319-1326
  • Subdivision Name: Los Olivios 51,52
  • Structure Type: Commercial
  • Tax Parcel Letter: A
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Stone, Concrete
  • Living Area: 9432.0

Exterior Features

  • Fencing: Other, Wood
  • Disclosures: None
  • Construction Type: Block
  • Roof: Other
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 12.0
  • Parking Features: Other, Paved, Private
  • Attached Garage: No
  • Open Parking Spaces: 27.0
  • Total Parking Spaces: 39.0
  • General Property Description:Covered Parking Spcs: 12.0
  • General Property Description:Uncvrd Parking Spcs: 27.0
  • General Property Description:Total Parking Spcs: 39.0
  • Parking Features Paved Parking: Yes
  • Parking Features Private Parking: Yes

Utilities

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

Association/Amenities

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

Lot Info

  • Lot Size Sq Ft: 42689.0
  • Parcel #: 118-54-015-A

Tax Info

  • Tax Annual Amount: 464.0
  • Tax Book Number: 118.00
  • Tax Lot: 36
  • Tax Map Number: 54.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2022
Closed on
Jul 5, 2022
Sold by
Khalsa Montessori Elementary School
Bought by
Mmpr 303 Palm Holdings Llc
Seller's Agent
Beth Jo Zeitzer
R.O.I. Properties
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$2,150,000
Sold Price
$2,250,000
Premium/Discount to List
$100,000
4.65%

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
$1,724,958
Interest Rate
5.1%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mmpr 303 Palm Holdings Llc $1,800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2022 07/08/22 Sold $2,250,000 +4.7% $239 / Sq Ft
05/27/2022 05/27/22 Pending -- -- --
04/29/2022 04/29/22 For Sale $2,150,000 -- $228 / 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 $198 $33,686 $33,686 --
2024 $200 $32,082 $32,082 --
2023 $200 $64,185 $64,185 $0
2022 $199 $50,310 $50,310 $0
2021 $199 $50,310 $50,310 $0
2020 $199 $32,145 $32,145 $0
2019 $198 $32,166 $32,166 $0
2018 $5,285 $28,728 $28,728 $0
2017 $5,497 $29,916 $29,916 $0
2016 $5,289 $27,972 $27,972 $0
2015 $5,129 $27,898 $27,898 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    Beth Jo Zeitzer

    R.O.I. Properties

    Section Image
  • Reuben Nach

    Seller Co-Listing Agent in 2022

    Reuben Nach

    R.O.I. Properties

    (602) 319-1326

    1 in this area

    45 Total Sales

    Reuben Nach
    Section Image

  • N

    Buyer's Agent in 2022

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6391609

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-54-016

Arizona Maricopa County Phoenix 85004 Alvarado Historic District

303 E Palm Ln, Phoenix, AZ

This home is located at 303 E Palm Ln, Phoenix, AZ 85004 since 29 April 2022. This property was built in 1974. 303 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

Nearby Homes