NOT LISTED FOR SALE

3127 E Palm Ln Phoenix, AZ 85008

Camelback East Village Neighborhood

Estimated Value: $677,000 - $786,000

-- Bed
-- Bath
2,252 Sq Ft
$329/Sq Ft Est. Value

Last Sold August 13, 2019

Last sale price $375,000 $167 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $4,243/month

2 Days on Market

Highlights

  • Cooling Available
  • The Creighton Academy Rated 9+
  • Individual Controls for Heating

About This Home

As of August 2019

6-plex buying opportunity!! This tri plex is being sold with 3129 E Palm Lane tri plex as a bulk sale of 6 units which share a courtyard. List price includes all 6 units. Lot parcel is oversized for area. All units rented- interior of properties is fair condition.

Last Listed By

Brooke Castaneda

HomeSmart License #SA554964000 Listed on: 07/23/2019

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,323

Year Built

  • Built in 1962

Lot Details

  • 9,801

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces

Schools

  • Creighton Elementary School
  • Union Elementary Middle School

Utilities

  • Cooling Available
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for water, sewer
  • Assessor Parcel Number 120-20-038-A

Community Details

Overview

  • 3 Units
  • Building Dimensions are 9798
  • Metes And Bounds Subdivision

Building Details

  • Operating Expense $22,441
  • Gross Income $45,600
  • Net Operating Income $24,624

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,323

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Cross Street: 32nd Street and McDowell
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: M-M
  • Number Of Buildings: 1
  • Year Built: 1962
  • Tax Year: 2018
  • Directions: 32nd And McDowell, north on 32nd, west on Palm Lane, 6-plex on south side of Palm.
  • Road Surface Type: Asphalt, Dedicated Street, Curb(s) & Gutter(s)
  • Subdivision Name: Metes and Bounds
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Individual, Electric
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Schools

  • Elementary School: Creighton Elementary School
  • Middle Or Junior School: Union Elementary School

Lot Info

  • Lot Size: 9798
  • Additional Parcels: No
  • Parcel #: 120-20-038-A

Multi Family

  • Owner Pays: Water, Sewer
  • Number Of Units Total: 3
  • Annual Gross Income: 45600.0
  • Property Net Operating Income: 24624.0
  • Annual Operating Expense: 22441.0

Tax Info

  • Tax Annual Amount: 1323.0
  • Tax Book Number: 120.00
  • Tax Lot: 000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2019
Closed on
Aug 7, 2019
Sold by
Cas Az Neda Llc
Bought by
Palm Lane Place Llc
Seller's Agent
Brooke Castaneda
HomeSmart
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$410,000
Sold Price
$375,000
Premium/Discount to List
-$35,000
-8.54%
Total Days on Market
2
Current Estimated Value
$740,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$365,333
Avg. Annual Appreciation
11.70%

Purchase Details

Closed on
Oct 7, 2014
Sold by
Mancillas Julio A
Bought by
Cas Az Neda Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,000
Interest Rate
4.08%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 14, 2014
Sold by
Mancillas Jose
Bought by
Mancillas Julio A

Purchase Details

Closed on
Mar 17, 2009
Sold by
The Bank Of New York Mellon
Bought by
Mancillas Jose

Purchase Details

Closed on
Dec 9, 2008
Sold by
Rodriguez Vicente F
Bought by
The Bank Of New York Mellon

Purchase Details

Closed on
Jul 12, 2005
Sold by
Chemali Joseph B and Chemali Gloria J
Bought by
Rodriguez Vicente F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,400
Interest Rate
7%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 11, 2005
Sold by
Chemali Joseph B and Chemali Gloria
Bought by
Rodriguez Vicente F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,400
Interest Rate
7%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 23, 2002
Sold by
Jain 3129 Palm Llc
Bought by
Chemali Joseph B and Chemali Gloria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 28, 2001
Sold by
Jain Vinod and Jain Anita
Bought by
Jain 3129 Palm Llc

Purchase Details

Closed on
Feb 8, 2001
Sold by
Borchard Christopher W
Bought by
Jain Vinod and Jain Anita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,750
Interest Rate
7.08%
Mortgage Type
New Conventional

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
Palm Lane Place Llc $375,000 Commonwealth Land Ttl Ins Co
Cas Az Neda Llc $230,000 Great American Title Agency
Mancillas Julio A -- None Available
Mancillas Jose $50,000 Great American Title Agency
The Bank Of New York Mellon $185,451 Great American Title Agency
Rodriguez Vicente F $215,500 Chicago Title Insurance Co
Rodriguez Vicente F $215,500 Chicago Title Insurance Co
Chemali Joseph B $125,000 Security Title Agency
Jain 3129 Palm Llc $110,000 --
Jain Vinod $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harvard Place 2 Llc $375,000
Closed Turney Place Llc $397,500
Closed Palm Lane Place Llc $380,000
Previous Owner Cas Az Neda Llc $202,000
Previous Owner Rodriguez Vicente F $172,400
Previous Owner Rodriguez Vicente F $172,400
Previous Owner Chemali Joseph B $100,000
Previous Owner Jain Vinod $78,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2019 08/13/19 Sold $375,000 -8.5% $167 / Sq Ft
07/23/2019 07/23/19 For Sale $410,000 -- $182 / 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 $1,433 $11,023 -- --
2024 $1,417 $10,499 -- --
2023 $1,417 $39,670 $7,930 $31,740
2022 $1,361 $29,800 $5,960 $23,840
2021 $1,394 $25,370 $5,070 $20,300
2020 $1,360 $21,110 $4,220 $16,890
2019 $1,351 $17,450 $3,490 $13,960
2018 $1,323 $15,850 $3,170 $12,680
2017 $1,272 $14,180 $2,830 $11,350
2016 $1,223 $12,300 $2,460 $9,840
2015 $1,137 $10,550 $2,110 $8,440
Source: Public Records

Agents Affiliated with this Home

  • Brooke Castaneda

    Seller's Agent in 2019

    Brooke Castaneda

    HomeSmart

    (480) 206-3658

    4 in this area

    92 Total Sales

    Brooke Castaneda
    Section Image

  • N

    Buyer's Agent in 2019

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5955755

Arizona Regional Multiple Listing Service (ARMLS)

APN: 120-20-038A

Arizona Maricopa County Phoenix 85008 Camelback East Village

3127 E Palm Ln, Phoenix, AZ

Homes for Sale in Phoenix, AZ

This home is located at 3127 E Palm Ln, Phoenix, AZ 85008 since 23 July 2019 and is currently estimated at $740,333, approximately $328 per square foot. This property was built in 1962. 3127 E Palm Ln is a home located in Maricopa County with nearby schools including The Creighton Academy, 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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