$490,000
SOLD AUG 13, 2021
2 Beds
2 Baths
1,530 Sq Ft
2,693 Sq Ft Lot

Recently Sold

$320 Per Sq Ft

4% Above List Price

1 Day on Market

Highlights

  • The property is located in a historic district
  • Property is near public transit
  • Granite Countertops
  • Phoenix Coding Academy Rated A
  • End Unit
  • Community Pool

About This Home

As of July 2022

This is the only Mid-Century Modern Patio Home community in Downtown Phx. Single Story 2 Car Gar No Common Walls. Cozy, Quiet, Beautiful –you'll be living in a work of art. Viking Gas Range/Oven, Miele D/W, Farmhouse Sink Granite Counters. Living Rm has Spanish Colonial Arches & Gas Fireplace. Insulated Glass Doors from Liv Rm, Breakfast Rm & Master Bedrm open to your Quiet Private Tree lined Patio & Gardens. Travertine in Kitchen & both Baths. Master Bedroom has Venetian Plaster En Suite. Soothing Colors on Smooth Plaster Walls. Floorplan attached. Solar Tubes for light & warm feelings. Large Bedrooms, Walk-thru Closet. Abundant cabinets in Garage. 5 Minutes to I-10, 15 to Airport, 5 to Safeway. Bike & Walk amongst Historic Homes, Phx Art Museum and Theater, numerous restaurants close-by.

Last Agent to Sell the Property

Tim Knittel

Realty Executives Arizona Territory License #SA029345000 Listed on: 07/14/2021

Realty Executives Arizona Territory

Last Buyer's Agent

Beverly Kearsley

Realty ONE Group License #SA680495000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,377

Year Built

  • Built in 1968

Lot Details

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

HOA Fees

  • $360 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener

Home Design

  • Patio Home
  • Property Attached
  • Tile Roof
  • Reflective Roof
  • Foam Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,530 Sq Ft Home
  • 1-Story Property
  • Skylights
  • Gas Fireplace
  • Double Pane Windows
  • Tinted Windows
  • Wood Frame Window
  • Living Room with Fireplace
  • Tile Flooring
  • Security System Owned

Kitchen

  • Eat-In Kitchen
  • Built-In Microwave
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Remodeled Bathroom
  • 2 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Solar Tube

Outdoor Features

  • Balcony
  • Covered Patio or Porch

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

  • Central Air
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

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

Community Details

Overview

  • Association fees include ground maintenance, street maintenance, front yard maint, maintenance exterior
  • Vision Association, Phone Number (480) 759-4945
  • Built by Custom Mid-Century Modern
  • 353 371 East Palm Lane Tracts A & B Subdivision, Midcentury Modern Floorplan

Recreation

  • Community Pool

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,377

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
  • Updated Partial or Full Bathrooms: Full
  • Bathrooms Year Updated: 2009
  • Updated Floors: Full
  • Items Updated Floor Yr Updated: 2009
  • Updated Heating or Cooling Units: Partial
  • Items Updated Ht Cool Yr Updated: 2017
  • Updated Kitchen: Full
  • Items Updated Kitchen Yr Updated: 2009
  • Updated Plumbing: Partial
  • Items Updated Plmbg Yr Updated: 2016
  • Updated Roof: Partial
  • Items Updated Roof Yr Updated: 2019
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1968
  • Tax Year: 2020
  • Directions: North on 7th St from McDowell Road for 1/4 mile to Palm Lane traffic signal, West (left) on Palm Lane to Home. ALARM is ON Call Tim Knittel 602.696.7715 for ALARM Code
  • 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: Solar Tubes
  • Property Attached Yn: Yes
  • Association Fees:HOA Fee2: 360.0
  • Windows:Dual Pane: Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Fireplace Features Fireplace Living Rm: Yes
  • Fireplace Features Gas Fireplace: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: VirtualTour

Interior Features

  • Flooring: Tile
  • Basement YN: No
  • Possible Use: None
  • Spa Features: None
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: 1 Fireplace, Living Room, Gas
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Granite Counters, Double Vanity, Master Downstairs, Eat-in Kitchen, Pantry, 3/4 Bath Master Bdrm
  • Living Area: 1530.0
  • Stories: 1
  • Window Features: Skylight(s), Dual Pane, Tinted Windows, Wood Frames
  • Kitchen Features:RangeOven Gas: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Master Bathroom:Double Sinks: Yes
  • Kitchen Features Pantry: Yes
  • Community Features:Near Bus Stop: Yes
  • Community Features:Historic District: Yes
  • Community Features:Near Light Rail Stop: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Balcony, Private Street(s)
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Grass Front, 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, Foam
  • Construction:Block: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Balcony: 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:Garage Door Opener: Yes
  • Parking Features:Direct Access: Yes

Utilities

  • Cooling: Central Air, Programmable Thmstat
  • Heating: Natural Gas
  • Security: Security System Owned
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Near Light Rail Stop, Near Bus Stop, Historic District
  • Association Fee: 360.0
  • Association Fee Frequency: Monthly
  • Association Name: East Palm Lane HOA
  • Phone: 480-759-4945
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: East Palm Lane 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
  • 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

Fee Information

  • Association Fee Includes: Maintenance Grounds, Street Maint, Front Yard Maint, 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

Building Info

  • Builder Name: Custom Mid-Century Modern

Tax Info

  • Tax Annual Amount: 2377.0
  • 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:

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 Type Sale Price Title Company
Special Warranty Deed -- Professional Escrow Resources
Warranty Deed $695,000 Grand Canyon Title
Warranty Deed $490,000 Equity Title Agency Inc
Warranty Deed $266,000 Security Title Agency
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $472,500 New Conventional
Previous Owner $250,000 New Conventional
Previous Owner $257,000 New Conventional
Previous Owner $50,000 Credit Line Revolving
Previous Owner $212,800 New Conventional
Previous Owner $390,000 Reverse Mortgage Home Equity Conversion Mortgage
Previous Owner $104,000 Unknown
Previous Owner $140,000 Unknown
Previous Owner $108,000 Unknown
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

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6264127

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-54-074