NOT LISTED FOR SALE

4045 E Palm Ln Phoenix, AZ 85008

Camelback East Village Neighborhood

Estimated Value: $863,680

-- Bed
-- Bath
3,469 Sq Ft
$249/Sq Ft Est. Value

Last Sold June 16, 2016

Last sale price $370,000 $107 Per Sq Ft

Est. 133% increase in value since last sale

Current estimated payment $5,199/month

197 Days on Market

About This Home

As of June 2016

Owner/User Investment Opportunity. The property is an income producer for an Owner/User. It is a multi-tenant building close to Loop 202 , SR-51 and Highway 143. A quiet office setting with ample parking. This Phoenix site has over 30,000 cars passing daily. Taxes for 2015 approximately $3,865.

Last Listed By

Jim Lieberthal

Cutler Commercial License #BR516852000 Listed on: 12/28/2015

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $3,865

Year Built

  • Built in 1972

Lot Details

  • 0.36 Acre Lot
  • Block Wall Fence
  • Property is zoned R-5

Home Design

  • 3,469 Sq Ft Home
  • Block Exterior

Parking

  • 13 Open Parking Spaces
  • 13 Parking Spaces

Utilities

  • Heating System Uses Natural Gas

Community Details

  • Operating Expense $3,865
  • Net Operating Income $6,465

Listing and Financial Details

  • Tax Lot 31
  • Assessor Parcel Number 126-06-051-B

Property Details

Property Type

Other

Est. Annual Taxes

$3,865

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Cross Street: 40th St & McDowell Rd.
  • Legal Info Range: 4E
  • Property Type: Comm/Industry Sale
  • Zoning: R-5
  • Number Of Buildings: 1
  • Year Built: 1972
  • Tax Year: 2015
  • Directions: Travel north on 40th Street, turn east at Palm Lane, property is on south side of street at end of block
  • Lot Size Acres: 0.36
  • Structure Type: Office
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: Other

Exterior Features

  • Fencing: Block
  • Construction Type: Block
  • Roof: See Remarks, Other
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 13.0
  • Total Parking Spaces: 13.0
  • General Property Description:Uncvrd Parking Spcs: 13.0
  • General Property Description:Total Parking Spcs: 13.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Office A/C
  • Heating: Natural Gas
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Lot Info

  • Lot Size Sq Ft: 15682.0
  • Additional Parcels: No
  • Parcel #: 126-06-051-B
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Property Net Operating Income: 6465.0
  • Annual Operating Expense: 3865.0

Tax Info

  • Tax Annual Amount: 3865.0
  • Tax Book Number: 126.00
  • Tax Lot: 31
  • Tax Map Number: 6.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 7, 2017
Sold by
Xerographics Of Flagstaff Inc
Bought by
Palm Lane Investments Llc
Total Days on Market
197
Current Estimated Value
$863,680

Purchase Details

Listed on
Dec 28, 2015
Closed on
Jun 10, 2016
Sold by
Rsc Properties Llc
Bought by
Xerographics Of Flagstaff Inc
Seller's Agent
Jim Lieberthal
Cutler Commercial
Buyer's Agent
Jim Lieberthal
Cutler Commercial
List Price
$400,000
Sold Price
$370,000
Premium/Discount to List
-$30,000
-7.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.82%
Original Mortgage
$344,000
Interest Rate
3.61%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 19, 2002
Sold by
Wilson Jeffrey A and Wilson Rosanne
Bought by
Rsc Properties Llc

Range of Values:

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Average Value
Not Available
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
Palm Lane Investments Llc -- First Arizona Title Agency L
Xerographics Of Flagstaff Inc $370,000 First Arizona Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palm Lane Investments Llc $207,000
Previous Owner Xerographics Of Flagstaff Inc $344,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2016 06/16/16 Sold $370,000 -7.5% $107 / Sq Ft
06/15/2016 06/15/16 Pending -- -- --
12/01/2015 12/01/15 For Sale $400,000 -- $115 / 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 $4,382 $35,384 -- --
2024 $4,472 $34,752 -- --
2023 $4,472 $87,329 $34,527 $52,802
2022 $4,438 $88,358 $19,075 $69,283
2021 $4,641 $83,520 $19,620 $63,900
2020 $4,555 $74,286 $15,552 $58,734
2019 $4,538 $58,104 $15,732 $42,372
2018 $4,275 $56,034 $11,898 $44,136
2017 $4,095 $47,538 $11,016 $36,522
2016 $4,006 $48,672 $10,206 $38,466
2015 $3,865 $26,085 $10,138 $15,947
Source: Public Records

Agents Affiliated with this Home

  • Jim Lieberthal

    Seller's Agent in 2016

    Jim Lieberthal

    Cutler Commercial

    (480) 427-1002

    3 in this area

    86 Total Sales

    Jim Lieberthal
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5376413

Arizona Regional Multiple Listing Service (ARMLS)

APN: 126-06-051B

Arizona Maricopa County Phoenix 85008 Camelback East Village

4045 E Palm Ln, Phoenix, AZ

Homes for Sale in Phoenix, AZ

This home is located at 4045 E Palm Ln, Phoenix, AZ 85008 since 28 December 2015 and is currently estimated at $863,680, approximately $248 per square foot. This property was built in 1972. 4045 E Palm Ln is a home located in Maricopa County with nearby schools including Griffith Elementary School, Camelback High School, and Phoenix Coding Academy.

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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