NOT LISTED FOR SALE

325 E Palm Ln Unit 108 Phoenix, AZ 85004

Alvarado Historic District Neighborhood

Estimated Value: $519,552 - $631,000

2 Beds
2.5 Baths
1,626 Sq Ft
$160/mo HOA Fee

Last Sold March 23, 2018

Last sale price $339,900 $209 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $3,335/month

3 Days on Market

Highlights

  • Gated Parking
  • Gated Community
  • Contemporary Architecture
  • Phoenix Coding Academy Rated A
  • Two Primary Bathrooms
  • Property is near public transit

About This Home

As of March 2018

Incredible opportunity live in Downtown Phoenix in a loft style, end unit. Only one wall is attached. Exposed masonry construction,industrial chic at it's best. Windows and sliding doors are double pane/insulated glass. Steel stairs & balcony with aluminum treads and stainless steel cables. Imported European cabinetry, granite, high end appliances and fixtures. New Ac in 2010, new hot water heater and roof in 2015. The unit has both a front and rear fenced courtyard. Seller is owner/agent.

Last Agent to Sell the Property

Julie Boles

Jackson Associates License #SA645417000 Listed on: 02/01/2018

Last Buyer's Agent

Patrick Martin

HomeSmart License #SA035445000

HomeSmart

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,667

Year Built

  • Built in 2006

Lot Details

  • End Unit
  • 1 Common Wall
  • Block Wall Fence

HOA Fees

  • $160 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • 1,626 Sq Ft Home
  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Double Pane Windows

Kitchen

  • Built-In Microwave
  • Kitchen Island
  • Granite Countertops

Flooring

  • Laminate
  • Concrete

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Two Primary Bathrooms
  • 2.5 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom

Parking

  • 2 Carport Spaces
  • Gated Parking
  • Assigned Parking

Outdoor Features

  • Balcony
  • Patio

Location

  • Property is near public transit

Schools

  • Emerson Elementary School
  • Phoenix Prep Academy Middle School
  • Central High School

Utilities

  • Refrigerated Cooling System
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 108
  • Assessor Parcel Number 118-54-124

Community Details

Overview

  • Association fees include roof repair, insurance, sewer, trash, water, roof replacement, maintenance exterior
  • Palm Lane HOA, Phone Number (480) 215-2131
  • Built by Palm Lane
  • Palm Lane Urban Living Condominium Subdivision

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,667

Year Built

Built in 2006

Lot Details

0

HOA Fees

$160 per month

Listing Details

  • Cross Street: 7th Street and Palm Lane
  • Legal Info Range: 3E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Community Facilities District: N
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 160.0
  • Basement: N
  • Updated Roof: Full
  • Items Updated Roof Yr Updated: 2015
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2006
  • Tax Year: 2017
  • Property Sub Type: Apartment
  • Horses: No
  • Lot Size Acres: 0.02
  • Subdivision Name: PALM LANE URBAN LIVING CONDOMINIUM
  • Architectural Style: Contemporary
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: Assessor
  • General Property Description:PriceSqFt: 209.04
  • Association Fees:HOA Fee2: 160.0
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Technology:High Speed Internet Available: Yes
  • Special Features: None

Interior Features

  • Flooring: Laminate, Concrete
  • Basement YN: No
  • Spa Features: None
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Upstairs, 9+ Flat Ceilings, Kitchen Island, 2 Master Baths, 3/4 Bath Master Bdrm, Double Vanity, High Speed Internet, Granite Counters
  • Living Area: 1626.0
  • Stories: 2
  • Window Features: Dual Pane
  • Fireplace:No Fireplace: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Community Features:Gated Community2: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Other Rooms:Great Room: Yes
  • Community Features:Near Light Rail Stop: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Balcony, Patio
  • Lot Features: Gravel/Stone Back
  • Pool Features: None
  • Pool Private: No
  • Disclosures: Seller Discl Avail
  • Common Walls: 1 Common Wall, End Unit
  • Construction Type: Block
  • Roof: Built-Up
  • Construction:Block: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Balcony: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Assigned, Gated
  • Attached Garage: No
  • Carport Spaces: 2.0
  • Open Parking Spaces: 2.0
  • Parking Features:Assigned Parking: Yes
  • Parking Features:Gated Parking: Yes

Utilities

  • Cooling: Ceiling Fan(s), Refrigeration
  • Heating: Electric
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Gated Community, Near Light Rail Stop
  • Amenities: Rental OK (See Rmks)
  • Association Fee: 160.0
  • Association Fee Frequency: Monthly
  • Association Name: Palm Lane HOA
  • Phone: 480-215-2131
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 75.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Palm Lane HOA
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:Exterior Mnt of Unit: Yes
  • Association Fee Incl:Roof Repair: Yes
  • Association Fee Incl:Roof Replacement: Yes
  • Association Fee Incl:Blanket Ins Policy: Yes
  • Association Fee Incl:Water6: Yes
  • Association Fee Incl:Sewer6: Yes
  • Association Fee Incl:Garbage Collection2: Yes

Fee Information

  • Association Fee Includes: Roof Repair, Insurance, Sewer, Trash, Water, Roof Replacement, Maintenance Exterior

Schools

  • Elementary School: Emerson Elementary School
  • High School: Central High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Phoenix Prep Academy

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 803.0
  • Parcel #: 118-54-124
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Palm Lane

Tax Info

  • Tax Annual Amount: 2666.8
  • Tax Book Number: 118.00
  • Tax Lot: 108
  • Tax Map Number: 54.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2018
Closed on
Mar 20, 2018
Sold by
Boles Randolph Lee
Bought by
Chesler Susan M
Seller's Agent
Julie Boles
Jackson Associates
Buyer's Agent
Patrick Martin
HomeSmart
List Price
$349,950
Sold Price
$339,900
Premium/Discount to List
-$10,050
-2.87%
Current Estimated Value
$562,138

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$222,238
Avg. Annual Appreciation
6.65%
Original Mortgage
$271,900
Outstanding Balance
$232,665
Interest Rate
4.32%
Mortgage Type
New Conventional
Estimated Equity
$329,473

Purchase Details

Listed on
Aug 22, 2015
Closed on
Sep 2, 2015
Sold by
Boles Julie Ann
Bought by
Boles Randolph Lee
Seller's Agent
Chris F Campbell
Chris F Campbell
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$305,000
Sold Price
$298,000
Premium/Discount to List
-$7,000
-2.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.45%

Purchase Details

Closed on
Apr 27, 2006
Sold by
Palm Lane Llc
Bought by
Befort Wayne and Befort Heidi I
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chesler Susan M $339,900 Old Republic Title Agency
Boles Randolph Lee -- First American Title Ins Co
Boles Randolph Lee $298,000 First American Title Ins Co
Befort Wayne $400,000 The Talon Group Tatum Garden
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chesler Susan M $271,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/23/2018 03/23/18 Sold $339,900 -2.9% $209 / Sq Ft
02/04/2018 02/04/18 Pending -- -- --
02/01/2018 02/01/18 For Sale $349,950 +17.4% $215 / Sq Ft
09/30/2015 09/30/15 Sold $298,000 -2.3% $183 / Sq Ft View Prior Sale
08/30/2015 08/30/15 Pending -- -- --
08/21/2015 08/21/15 For Sale $305,000 -- $188 / 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 $2,824 $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

  • J

    Seller's Agent in 2018

    Julie Boles

    Jackson Associates

  • Patrick Martin

    Buyer's Agent in 2018

    Patrick Martin

    HomeSmart

    (602) 432-2150

    47 Total Sales

    Patrick Martin
    Section Image

  • C

    Seller's Agent in 2015

    Chris F Campbell

    Chris F Campbell

    Section Image

  • N

    Buyer's Agent in 2015

    Non-MLS Agent

    Non-MLS Office

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5717016

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-54-124

Arizona Maricopa County Phoenix 85004 Alvarado Historic District

325 E Palm Ln Unit 108, Phoenix, AZ

Not Listed for Sale

Condos

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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