NOT LISTED FOR SALE

361 E Palm Ln Unit A Phoenix, AZ 85004

Alvarado Historic District Neighborhood

Estimated Value: $599,000 - $629,000

2 Beds
2 Baths
1,530 Sq Ft
$404/Sq Ft Est. Value

Last Sold July 07, 2022

Last sale price $695,000 $454 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $3,856/month

7 Days on Market

Highlights

  • The property is located in a historic district
  • Property is near public transit
  • Community Pool
  • Phoenix Coding Academy Rated A
  • End Unit
  • Covered Patio or Porch

About This Home

As of July 2022

AMAZING MIDTOWN LOCATION. Gorgeous **COMPLETELY REMODELED & UPDATED** patio home in the heart of the 'LOS OLIVOS HISTORIC DISTRICT'. Walking distance to Phoenix Theater, Heard Museum, Light Rail, Restaurants, Shops, & Parks. Minutes to Sky Harbor Airport, Downtown Phoenix & Sports Arenas. Nestled in a well-maintained enclave of 14 homes with distinct Mid-Century architectural elements, Construction with 2-foot walls between units ensures added privacy and quiet. High dining room ceiling with clerestory windows. New HVAC system, with supplemental mini-split in dining room, new built-up roof, new plumbing & electrical...Too many seller updates to list. See documents tab for the complete list. This is a true urban oasis in the heart of Phoenix. Definitely a MUST SEE property!

Last Agent to Sell the Property

Beverly Kearsley

Realty ONE Group License #SA680495000 Listed on: 06/07/2022

Last Buyer's Agent

Harrison Verne

AZArchitecture/Jarson & Jarson License #SA698795000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,344

Year Built

  • Built in 1968

Lot Details

  • 2,693 Sq Ft Lot
  • No Common Walls
  • End Unit
  • Private Streets
  • Block Wall Fence
  • Artificial Turf
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer

HOA Fees

  • $360 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener

Home Design

  • Patio Home
  • Property Attached
  • Roof Updated in 2021
  • Tile Roof
  • Reflective Roof
  • Built-Up Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,530 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Skylights
  • Gas Fireplace
  • Double Pane Windows
  • Tinted Windows
  • Wood Frame Window
  • Living Room with Fireplace

Kitchen

  • Kitchen Updated in 2022
  • Eat-In Kitchen

Flooring

  • Floors Updated in 2022
  • Tile Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom Updated in 2022
  • 2 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom

Location

  • Property is near public transit
  • Property is near a bus stop
  • The property is located in a historic district

Schools

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

Utilities

  • Cooling System Updated in 2021
  • Mini Split Air Conditioners
  • Zoned Heating and Cooling System
  • Mini Split Heat Pump
  • Plumbing System Updated in 2021
  • Wiring Updated in 2021
  • Water Purifier
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Hard or Low Nap Flooring
  • ENERGY STAR Qualified Equipment for Heating
  • Covered Patio or Porch

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 118-54-074

Community Details

Overview

  • Association fees include sewer, pest control, ground maintenance, street maintenance, front yard maint, trash, water, maintenance exterior
  • Vision Community Mgt Association, Phone Number (480) 759-4945
  • 353 371 East Palm Lane Tracts A & B Subdivision, Midcentury Modern Floorplan

Recreation

  • Community Pool

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,344

Year Built

Built in 1968

Lot Details

0

HOA Fees

$360 per month

Parking

2

Listing Details

  • Cross Street: 7th Street & 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: 360.0
  • Basement: N
  • Cooling HVAC SEER Rating: 14
  • Updated Partial or Full Bathrooms: Full
  • Bathrooms Year Updated: 2022
  • Updated Floors: Full
  • Items Updated Floor Yr Updated: 2022
  • Updated Heating or Cooling Units: Full
  • Items Updated Ht Cool Yr Updated: 2021
  • Updated Kitchen: Full
  • Items Updated Kitchen Yr Updated: 2022
  • Updated Plumbing: Full
  • Items Updated Plmbg Yr Updated: 2021
  • Updated Roof: Partial
  • Items Updated Roof Yr Updated: 2021
  • Updated Wiring: Full
  • Items Updated Wiring Yr Updated: 2021
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1968
  • Tax Year: 2021
  • Directions: North on 7th St from McDowell Road for 1/4 mile to Palm Lane, West on Palm Lane to community entrance. South into Community - last unit on right.
  • Master Model: MidCentury Modern
  • Property Sub Type: Patio Home
  • Horses: No
  • Lot Size Acres: 0.06
  • Subdivision Name: 353-371 EAST PALM LANE TRACTS A & B
  • Architectural Style: Other
  • Efficiency: Multi-Zones
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: Assessor
  • Association Fees:HOA Fee2: 360.0
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Technology:High Speed Internet Available: Yes
  • Cooling ENERGY STAR Qualified Equipment: Yes
  • Cooling:Central Air: Yes
  • Features:Water Purifier: Yes
  • Water Source City Water: Yes
  • Fireplace Features Fireplace Living Rm: Yes
  • Fireplace Features Gas Fireplace: Yes
  • Special Features: None

Interior Features

  • Flooring: Tile
  • Basement YN: No
  • Possible Use: None
  • Spa Features: None
  • Appliances: Water Purifier
  • Accessibility Features: Hard/Low Nap Floors
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: 1 Fireplace, Living Room, Gas
  • Fireplace: Yes
  • Interior Amenities: Other, Eat-in Kitchen, Pantry, 3/4 Bath Master Bdrm, Double Vanity, High Speed Internet
  • Living Area: 1530.0
  • Stories: 1
  • Window Features: Skylight(s), Dual Pane, Tinted Windows, Wood Frames
  • ResoLivingAreaSource: Assessor
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Gas: Yes
  • Master Bathroom:Double Sinks: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Kitchen Features:Non-laminate Counter: Yes
  • Community Features:Near Bus Stop: Yes
  • Community Features:Historic District: Yes
  • Community Features:Near Light Rail Stop: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Private Street(s)
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Synthetic Grass Back, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Features: None
  • Pool Private: No
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Common Walls: No Common Walls, End Unit
  • Construction Type: Stucco, Painted, Block
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Reflective Coating, Tile, Built-Up
  • Construction:Block: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Private Street(s): Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Garage Door Opener, Direct Access, Attch'd Gar Cabinets
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features:Attch_squote_d Gar Cabinets: Yes
  • Parking Features:Other7: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Direct Access: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s), ENERGY STAR Qualified Equipment, Mini Split, Programmable Thmstat
  • Heating: Mini Split, ENERGY STAR Qualified Equipment, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes
  • Heating:ENERGY STAR Qualified Equipment2: Yes
  • Heating:Mini Split2: Yes

Condo/Co-op/Association

  • Community Features: Community Pool, Near Light Rail Stop, Near Bus Stop, Historic District
  • Amenities: Management, Rental OK (See Rmks)
  • Association Fee: 360.0
  • Association Fee Frequency: Monthly
  • Association Name: Palm Lane Alley HOA
  • Phone: 480-759-4945
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Palm Lane Alley HOA
  • Association Fees:HOA Telephone4: 480-759-4945
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: Vision Community Mgt
  • Association Fees:HOA Management Phone: 480-759-4945
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:Front Yard Maint: Yes
  • Association Fee Incl:Street Maint: Yes
  • Association Fee Incl:Exterior Mnt of Unit: Yes
  • Association Fee Incl:Water6: Yes
  • Association Fee Incl:Sewer6: Yes
  • Association Fee Incl:Garbage Collection2: Yes
  • Association Fee Incl:Pest Control: Yes

Fee Information

  • Association Fee Includes: Sewer, Pest Control, Maintenance Grounds, Street Maint, Front Yard Maint, Trash, Water, 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: 2693.0
  • Parcel #: 118-54-074
  • ResoLotSizeUnits: SquareFeet

Green Features

  • Green Water Conservation: Recirculation Pump

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 2344.0
  • Tax Book Number: 118.00
  • Tax Lot: 7
  • Tax Map Number: 54.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2022
Closed on
Jul 19, 2022
Sold by
Howard Layon Richard and Howard Michelle Marnie
Bought by
Layon Richard Howard and Layon Marnie Michelle
Seller's Agent
Beverly Kearsley
Realty ONE Group
Buyer's Agent
Harrison Verne
AZArchitecture/Jarson & Jarson
List Price
$695,000
Sold Price
$695,000
Current Estimated Value
$618,274

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$76,726
Avg. Annual Appreciation
-1.50%
Original Mortgage
$472,500
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 7, 2022
Closed on
Jun 30, 2022
Sold by
J And P Streetman Trust
Bought by
Layon Richard Howard and Layon Marnie Michelle
Seller's Agent
Beverly Kearsley
Realty ONE Group
Buyer's Agent
Harrison Verne
AZArchitecture/Jarson & Jarson
List Price
$695,000
Sold Price
$695,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,500
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 14, 2021
Closed on
Aug 4, 2021
Sold by
Mcclain Rebecca L
Bought by
Streetman James W and Streetman Margaret M
Seller's Agent
Tim Knittel
Realty Executives Arizona Territory
Buyer's Agent
Beverly Kearsley
Realty ONE Group
List Price
$469,000
Sold Price
$490,000
Premium/Discount to List
$21,000
4.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
47.45%
Original Mortgage
$250,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 12, 2013
Closed on
Nov 8, 2013
Sold by
Rideau Charles E
Bought by
Mcclain Rebecca L
Seller's Agent
Jeffery Tipton
Tipton Realty
Buyer's Agent
Tim Knittel
Realty Executives Arizona Territory
List Price
$269,900
Sold Price
$266,000
Premium/Discount to List
-$3,900
-1.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.30%
Original Mortgage
$212,800
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 19, 2003
Sold by
Rideau Charles E
Bought by
Rideau Christopher A and Rideau Caren A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.06%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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
Layon Richard Howard -- Professional Escrow Resources
Layon Richard Howard $695,000 Grand Canyon Title
Streetman James W $490,000 Equity Title Agency Inc
Mcclain Rebecca L $266,000 Security Title Agency
Rideau Christopher A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Layon Richard Howard $472,500
Previous Owner Streetman James W $250,000
Previous Owner Mcclain Rebecca L $257,000
Previous Owner Mcclain Rebecca L $50,000
Previous Owner Mcclain Rebecca L $212,800
Previous Owner Rideau Charles E $390,000
Previous Owner Rideau Charles E $104,000
Previous Owner Rideadu Charles E $140,000
Previous Owner Rideau Charles E $108,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2022 07/07/22 Sold $695,000 0.0% $454 / Sq Ft
06/14/2022 06/14/22 Pending -- -- --
06/07/2022 06/07/22 For Sale $695,000 +41.8% $454 / Sq Ft
08/13/2021 08/13/21 Sold $490,000 +4.5% $320 / Sq Ft
07/15/2021 07/15/21 Pending -- -- --
07/14/2021 07/14/21 For Sale $469,000 +76.3% $307 / Sq Ft
12/18/2013 12/18/13 Sold $266,000 -1.4% $174 / Sq Ft
10/31/2013 10/31/13 Pending -- -- --
10/12/2013 10/12/13 For Sale $269,900 -- $176 / 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 $2,768 $20,490 -- --
2024 $2,742 $19,514 -- --
2023 $2,742 $40,050 $8,010 $32,040
2022 $2,342 $31,330 $6,260 $25,070
2021 $2,344 $30,310 $6,060 $24,250
2020 $2,377 $30,310 $6,060 $24,250
2019 $2,378 $27,770 $5,550 $22,220
2018 $2,336 $25,600 $5,120 $20,480
2017 $2,249 $21,600 $4,320 $17,280
2016 $2,178 $19,630 $3,920 $15,710
2015 $1,986 $18,970 $3,790 $15,180
Source: Public Records

Agents Affiliated with this Home

  • Beverly Kearsley

    Seller's Agent in 2022

    Beverly Kearsley

    Realty One Group

    (480) 399-2930

    2 in this area

    28 Total Sales

    Beverly Kearsley
    Section Image
  • Harrison Verne

    Buyer's Agent in 2022

    Harrison Verne

    AZArchitecture/Jarson & Jarson

    (480) 425-9300

    1 in this area

    16 Total Sales

    Harrison Verne
    Section Image
  • Alison Hamlet

    Buyer Co-Listing Agent in 2022

    Alison Hamlet

    AZArchitecture/Jarson & Jarson

    (602) 301-9839

    1 in this area

    39 Total Sales

    Alison Hamlet
    Section Image
  • Tim Knittel

    Seller's Agent in 2021

    Tim Knittel

    Realty Executives

    1 in this area

    2 Total Sales

    Tim Knittel
    Section Image
  • Jeffery Tipton

    Seller's Agent in 2013

    Jeffery Tipton

    Tipton Realty

    (480) 216-9966

    55 Total Sales

    Jeffery Tipton
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6413214

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-54-074

Arizona Maricopa County Phoenix 85004 Alvarado Historic District

361 E Palm Ln Unit A, Phoenix, AZ

This home is located at 361 E Palm Ln Unit A, Phoenix, AZ 85004 since 07 June 2022 and is currently estimated at $618,274, approximately $404 per square foot. This property was built in 1968. 361 E Palm Ln Unit A 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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