$200,000
SOLD MAY 25, 2012
2 Beds
3 Baths
1,626 Sq Ft
871 Sq Ft Lot

Recently Sold

$123 Per Sq Ft

50% Below List Price

141 Days on Market

Highlights

  • Gated Parking
  • Two Primary Bedrooms
  • City Lights View
  • Emerson Elementary School Rated 9+
  • Gated Community
  • Two Primary Bathrooms

About This Home

As of October 2017

Highly upgraded end unit at Palm Lane Urban Living offers loft style townhome living surrounded by superb architecture and complete attention to detail! location is fantastic and offers you all the features of high rise loft living in a private and affordable luxury setting! A 2-bedroom loft home with twin master suites. Highly upgraded, sophisticated & classy: custom changes include maple hardwood & concrete flrs+lux carpet. World-class contemporary architecture: wood finish contemporary European kitchens, Black granite counters, designer fixtures/lighting, block construction, aluminum & steel details, floor-to-ceiling glass, 2 patios, walk out upper deck...WOW!SOME ITEMS EXCLUDED- Call Lister for detail. SHORT SALE! - SUBJECT TO LENDER APPROVAL OF SHORT SALE -

Last Agent to Sell the Property

Scott Jarson

AZArchitecture/Jarson & Jarson License #SA031457000 Listed on: 08/19/2011

Co-Listed By

William Lester

Keller Williams Realty Sonoran Living License #SA634114000

Last Buyer's Agent

Scott Jarson

AZArchitecture/Jarson & Jarson License #SA031457000 Listed on: 08/19/2011

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,648

Year Built

  • Built in 2006

Lot Details

  • End Unit
  • Desert faces the back of the property
  • Wrought Iron Fence
  • Block Wall Fence
  • Desert Landscape
  • Private Yard

Home Design

  • Contemporary Architecture
  • Foam Roof
  • Block Exterior

Interior Spaces

  • 1,626 Sq Ft Home
  • Ceiling height of 9 feet or more
  • Great Room
  • Combination Dining and Living Room
  • City Lights Views

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Sustainable
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Upstairs
  • Double Master Bedroom
  • Separate Bedroom Exit
  • Two Primary Bathrooms
  • Primary Bathroom is a Full Bathroom
  • Dual Vanity Sinks in Primary Bathroom

Laundry

  • Laundry in unit
  • Stacked Washer and Dryer

Parking

  • 2 Carport Spaces
  • Gated Parking
  • Assigned Parking

Outdoor Features

  • Balcony
  • Covered patio or porch

Location

  • Property is near public transit
  • Property is near a bus stop

Schools

  • Kenilworth Elementary School
  • Abraham Lincoln Traditional Middle School
  • Central High School

Utilities

  • Refrigerated Cooling System
  • Heating Available
  • High Speed Internet
  • Internet Available
  • Multiple Phone Lines
  • Cable TV Available

Community Details

Overview

  • $2,411 per year Dock Fee
  • Association fees include blanket insurance policy, common area maintenance, exterior maintenance of unit, garbage collection, roof repair, roof replacement, sewer, water
  • Palm Lane Urban HOA, Phone Number (480) 215-2131
  • Built by Baldinger Architect

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,648

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Building Style: String
  • Tax Municipality: Phoenix
  • Cross Street: CENTRAL AVENUE AND McDOWELL ROAD
  • Legal Info Lot Number: 104
  • Legal Info Range: 3E
  • Legal Info Section: 32
  • Legal Info Township: 2N
  • Property Type: A
  • Unit Style: End Unit, One Common Wall, Two Levels
  • Technology: 3+ Exist Tele Lines, Cable TV Avail, High Speed Internet Available, Ntwrk Wrng Multi Rms
  • Assessor Parcel Number: 120.00
  • Hundred Block: 2000
  • Legal Description Abbrev: PALM LANE URBAN LIVING CONDOMINIUM
  • Type: ER
  • Ownership: Condominium
  • Additional Bedroom: 2 Master Bdrms, Separate Bdrm Exit
  • Architecture: Contemporary
  • Assessor Parcel Number: 118-54-120
  • HOA Association Fee: 160.00
  • HOA Name: PALM LANE URBAN HOA
  • HOA Paid Frequency: Monthly
  • HOA Telephone: 480-215-2131
  • HOA Transfer Fee: 25.00
  • HOA Fees: Y
  • Total Monthly Fee Equivalent: 160.00
  • Association Rules: NoVsble TrkTrlrRvBt, Pets OK (See Rmrks), Self Managed
  • Dwelling Type: Loft Style
  • Encoded Features: 22.5RO2C
  • Map Code Grid: P34
  • Primary Bathroom Type: 2 Master Baths, 3/4 Bath Master Bdrm, Double Sinks, Full Bth Master Bdrm
  • Numberof Interior Levels: 2
  • Parking Spaces Carport Spaces: 2.00
  • Parking Spaces Total Covered Spaces: 2.00
  • Price per Sq Ft: 123.00
  • Property Group Id: 19990816212109142258000000
  • Year Built: 2006
  • Tax Year: 2010
  • Directions: From Central or 3rd Street go east to Palm Lane, property is on south side. call for gate code.
  • Attribution Contact: info@azarchitecture.com
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Features: 9+ Flat Ceilings, Soft Water Loop
  • Bedrooms: 2
  • Bedrooms Plus: 2.00
  • Other Rooms: Great Room
  • Bathrooms: 2.50
  • Laundry: Inside, See Remarks, Stacked Washer/Dryer
  • Flooring: Carpet, Concrete, Sustainable, Tile, Wood
  • Fireplace: No Fireplace
  • Master Bedroom Type: Upstairs
  • Dining Area: Breakfast Bar, Dining in LR/GR, Eat-in Kitchen
  • Estimated Lot Sq Ft: 803.00
  • Estimated Sq Ft: 1626.00
  • Kitchen Features: Disposal, Granite Countertops, Kitchen Island
  • Source Of Sq Ft: County Assessor

Exterior Features

  • Exterior Stories: 2
  • Landscaping: Desert Back
  • Roofing: Foam
  • Fencing: Block, See Remarks, Wrought Iron
  • Construction: Block
  • Exterior Features: Balcony, Covered Patio(s), Patio, Pvt Yrd(s)/Crtyrd(s)
  • Pool Private: No Pool

Garage/Parking

  • Parking Features: Assigned Parking, Gated Parking

Utilities

  • Water: City Water
  • Utilities: APS
  • Cooling: Refrigeration
  • Heating: Electric

Condo/Co-op/Association

  • Services: City Services
  • Community Features: Gated Community, Near Bus Stop, Near Light Rail Stop
  • Fee Include: Blanket Ins Policy, Common Area Maint, Exterior Mnt of Unit, Garbage Collection, Roof Repair, Roof Replacement, Sewer, Water

Schools

  • Elementary School: Kenilworth Elementary School
  • Middle School: Abraham Lincoln Traditional School
  • High School: Central High School
  • Elementary School: Kenilworth Elementary School
  • High School: Central High School
  • Jr High School: Abraham Lincoln Traditional School

Lot Info

  • Property Description: City Light View(s), Corner Lot

Building Info

  • Builder Name: Baldinger Architect

Tax Info

  • Taxes: 2411.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 24, 2025
Sold by
Ferros Ashley and Ferros Erika
Bought by
Frugal Ferros Trust and Ferros
Current Estimated Value
$586,600

Purchase Details

Listed on
Aug 5, 2017
Closed on
Oct 2, 2017
Sold by
Smith Scott C and Oliver Smith Kristy K
Bought by
Ferros Ashley and Ferros Erika
Seller's Agent
Debbie Jarson
AZArchitecture/Jarson & Jarson
Buyer's Agent
Katherine Quinif Reckling
HomeSmart
Sold Price
$333,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.65%
Original Mortgage
$299,700
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 19, 2011
Closed on
May 2, 2012
Sold by
Liebman Michael S
Bought by
Smith Scott C and Oliver Smith Kristy K
Seller's Agent
Scott Jarson
AZArchitecture/Jarson & Jarson
Buyer's Agent
Scott Jarson
AZArchitecture/Jarson & Jarson
List Price
$399,000
Sold Price
$200,000
Premium/Discount to List
-$199,000
-49.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.98%
Original Mortgage
$150,000
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 26, 2006
Sold by
Liebman Michael S
Bought by
Liebman Michael S and The Michael S Liebman Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,887
Interest Rate
6.18%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 15, 2005
Sold by
Palm Lane Llc
Bought by
Liebman Michael S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,663
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed $333,000 Grand Canyon Title Agency
Warranty Deed $200,000 Clear Title Agency Of Arizon
Interfamily Deed Transfer -- The Talon Group Tatum Garden
Special Warranty Deed $398,329 The Talon Group Tatum Garden
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $265,000 New Conventional
Previous Owner $299,700 New Conventional
Previous Owner $95,000 Credit Line Revolving
Previous Owner $150,000 New Conventional
Previous Owner $50,887 Fannie Mae Freddie Mac
Previous Owner $318,663 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2017 10/04/17 Sold $333,000 -4.6% $205 / Sq Ft
08/15/2017 08/15/17 Price Changed $349,000 0.0% $215 / Sq Ft
12/19/2014 12/19/14 Rented $1,800 +5.9% --
12/12/2014 12/12/14 Under Contract -- -- --
11/15/2014 11/15/14 For Rent $1,700 -5.6% --
07/14/2012 07/14/12 Rented $1,800 0.0% --
07/03/2012 07/03/12 Under Contract -- -- --
06/01/2012 06/01/12 For Rent $1,800 0.0% --
05/25/2012 05/25/12 Sold $200,000 -8.7% $123 / Sq Ft
01/07/2012 01/07/12 Pending -- -- --
01/06/2012 01/06/12 Price Changed $219,000 -12.0% $135 / Sq Ft
12/08/2011 12/08/11 Price Changed $249,000 -12.6% $153 / Sq Ft
10/14/2011 10/14/11 Price Changed $285,000 -28.6% $175 / Sq Ft
08/19/2011 08/19/11 For Sale $399,000 -- $245 / 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 $2,648 $22,337 -- --
2024 $2,623 $21,273 -- --
2023 $2,623 $39,720 $7,940 $31,780
2022 $2,523 $32,750 $6,550 $26,200
2021 $2,525 $32,250 $6,450 $25,800
2020 $2,561 $30,720 $6,140 $24,580
2019 $2,561 $29,630 $5,920 $23,710
2018 $2,516 $25,960 $5,190 $20,770
2017 $2,745 $24,480 $4,890 $19,590
2016 $2,667 $17,830 $3,560 $14,270
2015 $2,468 $18,480 $3,690 $14,790
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4634159

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-54-120