NOT LISTED FOR SALE

371 E Palm Ln Phoenix, AZ 85004

Alvarado Historic District Neighborhood

Estimated Value: $508,000 - $594,000

2 Beds
2 Baths
1,530 Sq Ft
$363/Sq Ft Est. Value

Last Sold May 05, 2015

Last sale price $290,000 $190 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $3,338/month

163 Days on Market

Highlights

  • The property is located in a historic district
  • Property is near public transit and bus stop
  • Wood Flooring
  • Phoenix Coding Academy Rated A
  • Vaulted Ceiling
  • Hydromassage or Jetted Bathtub

About This Home

As of May 2015

URBAN LIVING At Its Best Mid-Century Central/Downtown RENOVATED 3 Blocks off North Central. SINGLE STORY, 2 GARAGES. 11 Foot Ceiling Clerestory Windows. Alvarado Historic Dist, Light Rail, Phx Art Museum, Phx Theater, 7th St Restaurants - Walk or Bike to All. Urban Living with Gardens, It’s Hip, With a Professional Feel: Great Interior Space - Your Next Home. Fresh Bright Contemporary Colors: Revere Pewter & Smooth Stone Walls, Pure White Ceilings and Trim, Signal Blue Patio Art Wall. The Right Flooring: Continuous Wood Floors Great & Dining Rooms & Bedrooms; Travertine Bath Floors; Multi-Hue Slate Kitchen & Breakfast. Kitchen & Bath: New Upgraded Wood Cabinets, Granite CounterTops, Travertine Showers. Floor Plan in Doc Tab. Ready Now - for Your Art, Your Style - No Issues to Work Around

Last Agent to Sell the Property

Tim Knittel

Realty Executives Arizona Territory License #SA029345000 Listed on: 10/15/2014

Realty Executives Arizona Territory

Last Buyer's Agent

Elizabeth Meyer

Evolve Realty, LLC License #SA623792000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,089

Year Built

  • Built in 1968

Lot Details

  • 2,634 Sq Ft Lot
  • Two or More Common Walls
  • Private Streets
  • Block Wall Fence
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Grass Covered Lot

HOA Fees

  • $240 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

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

Interior Spaces

  • 1,530 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Double Pane Windows
  • Low Emissivity Windows
  • Vinyl Clad Windows
  • Tinted Windows
  • Wood Frame Window
  • Washer and Dryer Hookup

Kitchen

  • Electric Cooktop
  • Built-In Microwave
  • Granite Countertops

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Remodeled Bathroom
  • Primary Bathroom is a Full Bathroom
  • 2 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Hydromassage or Jetted Bathtub

Outdoor Features

  • Covered Patio or Porch

Location

  • Property is near public transit and 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 9
  • Assessor Parcel Number 118-54-076

Community Details

Overview

  • Association fees include insurance, sewer, street maintenance, front yard maint, trash, water, maintenance exterior
  • Palm Lane Alley HOA, Phone Number (602) 617-6053
  • Built by Remodeled
  • Three Fifty Three Three Seventy One East Palm Lane Subdivision, Mid Centyry Ranch Floorplan

Recreation

  • Community Pool
  • Bike Trail

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,089

Year Built

Built in 1968

Lot Details

2,634 Sq Ft Lot

HOA Fees

$240 per month

Parking

2

Listing Details

  • Cross Street: Palm Lane & 7th Street
  • Legal Info Range: 3E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 240.0
  • Basement: N
  • Updated Partial or Full Bathrooms: Full
  • Bathrooms Year Updated: 2014
  • Updated Floors: Full
  • Items Updated Floor Yr Updated: 2014
  • Updated Kitchen: Full
  • Items Updated Kitchen Yr Updated: 2014
  • Updated Plumbing: Partial
  • Items Updated Plmbg Yr Updated: 2014
  • Updated Roof: Partial
  • Items Updated Roof Yr Updated: 2014
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1968
  • Tax Year: 2013
  • Master Model: Mid-Centyry Ranch
  • Property Sub Type: Patio Home
  • Horses: No
  • Lot Size Acres: 0.06
  • Subdivision Name: Three Fifty Three-Three Seventy One East Palm Lane
  • Architectural Style: Other
  • Property Attached Yn: Yes
  • General Property Description:PriceSqFt: 189.54
  • Association Fees:HOA Fee2: 240.0
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Windows:Low-E: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Kitchen Features:Electric Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: VirtualTour

Interior Features

  • Flooring: Stone, Wood
  • Basement YN: No
  • Spa Features: None
  • Appliances: Electric Cooktop
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Granite Counters, Double Vanity, 9+ Flat Ceilings, Vaulted Ceiling(s), Wet Bar, Full Bth Master Bdrm, Tub with Jets
  • Living Area: 1530.0
  • Stories: 1
  • Window Features: Skylight(s), Low-Emissivity Windows, Dual Pane, Tinted Windows, Vinyl Frame, Wood Frames
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:BikingWalking Path: 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: 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
  • View: City Light View(s)
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Common Walls: Two Common Walls
  • Construction Type: Stucco, Painted, Block
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Reflective Coating, Concrete, Foam
  • 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
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Natural Gas
  • Laundry Features: Wshr/Dry HookUp Only
  • 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, Biking/Walking Path
  • Association Fee: 240.0
  • Association Fee Frequency: Monthly
  • Association Name: Palm Lane Alley HOA
  • Phone: 602-617-6053
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 225.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Palm Lane Alley HOA
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • 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: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: Insurance, Sewer, 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: 2634.0
  • Parcel #: 118-54-076

Building Info

  • Builder Name: Remodeled

Tax Info

  • Tax Annual Amount: 2089.0
  • Tax Book Number: 118.00
  • Tax Lot: 9
  • Tax Map Number: 54.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2014
Closed on
Apr 23, 2015
Sold by
Tang Alan and Tang Marilyn
Bought by
Joseph F Abate & Laurie Anne Abegglen Re
Seller's Agent
Tim Knittel
Realty Executives Arizona Territory
Buyer's Agent
Elizabeth Meyer
Evolve Realty, LLC
List Price
$299,900
Sold Price
$290,000
Premium/Discount to List
-$9,900
-3.3%
Current Estimated Value
$559,586

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$269,586
Avg. Annual Appreciation
6.15%

Purchase Details

Listed on
May 14, 2014
Closed on
Sep 2, 2014
Sold by
Rideaux Joshua
Bought by
Tang Alan and Tang Marilyn
Seller's Agent
Jeffery Tipton
Tipton Realty
Buyer's Agent
Tim Knittel
Realty Executives Arizona Territory
List Price
$229,900
Sold Price
$218,142
Premium/Discount to List
-$11,758
-5.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
53.94%

Purchase Details

Closed on
Nov 8, 2001
Sold by
Overr Elaine Matthews
Bought by
Smith Dwight Leonard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,500
Interest Rate
6.67%
Mortgage Type
Seller Take Back
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 Buyer Sale Price Title Company
Joseph F Abate & Laurie Anne Abegglen Re $290,000 Security Title Agency
Tang Alan $218,142 American Title Svc Agency Ll
Smith Dwight Leonard $90,000 Capital Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Smith Dwight Leonard $82,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/05/2015 05/05/15 Sold $290,000 -1.7% $190 / Sq Ft
03/27/2015 03/27/15 Pending -- -- --
02/09/2015 02/09/15 Price Changed $295,000 -1.6% $193 / Sq Ft
11/07/2014 11/07/14 Price Changed $299,800 0.0% $196 / Sq Ft
10/15/2014 10/15/14 For Sale $299,900 +37.5% $196 / Sq Ft
09/05/2014 09/05/14 Sold $218,142 -5.1% $143 / Sq Ft View Prior Sale
05/19/2014 05/19/14 Pending -- -- --
05/14/2014 05/14/14 For Sale $229,900 -- $150 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $2,619 $20,490 -- --
2024 $2,434 $19,514 -- --
2023 $2,434 $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

  • Tim Knittel

    Seller's Agent in 2015

    Tim Knittel

    Realty Executives

    1 in this area

    2 Total Sales

    Tim Knittel
    Section Image

  • E

    Buyer's Agent in 2015

    Elizabeth Meyer

    Evolve Realty, LLC

    Section Image
  • Jeffery Tipton

    Seller's Agent in 2014

    Jeffery Tipton

    Tipton Realty

    (480) 216-9966

    56 Total Sales

    Jeffery Tipton
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5191768

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-54-076

Arizona Maricopa County Phoenix 85004 Alvarado Historic District

371 E Palm Ln, Phoenix, AZ

Not Listed for Sale

MultiFamily

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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