NOT LISTED FOR SALE

50 W Palm Ln Phoenix, AZ 85003

Willo Neighborhood

Estimated Value: $1,706,000 - $2,013,000

3 Beds
3.5 Baths
5,325 Sq Ft
$347/Sq Ft Est. Value

Last Sold December 07, 2021

Last sale price $688,000 $129 Per Sq Ft

Est. 169% increase in value since last sale

Current estimated payment $11,138/month

Highlights

  • Gated Community
  • Property is near public transit
  • Covered Patio or Porch
  • Phoenix Coding Academy Rated A
  • 1 Fireplace
  • 5-minute walk to Walton Park

About This Home

As of December 2021

Incredible opportunity to create a custom floorplan with luxury finishes in this 5 story brick townhome with a commercial elevator. The Arris community consists of 21 incredible, urban brownstone style townhomes. The new owner will need to design a custom floorplan and build out the interior spaces. The new owner will need to install all plumbing, electrical, HVAC, drywall, flooring and finishes. You design bedroom, bathroom, great room configurations. The zoning allows for live/work opportunity. Construction financing is readily available. The interior photos represent other finished units in the community.

Last Agent to Sell the Property

Chad Christian Jr

Russ Lyon Sotheby's International Realty License #SA536279000 Listed on: 11/24/2021

Russ Lyon Sotheby's International Realty

Co-Listed By

Joe Bushong

Russ Lyon Sotheby's International Realty License #SA558366000

Last Buyer's Agent

Melanie McCarthy

Russ Lyon Sotheby's International Realty License #SA696636000

Russ Lyon Sotheby's International Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $10,008

Year Built

  • Built in 2008 | Under Construction

Lot Details

  • 2,778 Sq Ft Lot
  • Private Streets
  • Wrought Iron Fence
  • Front Yard Sprinklers
  • Sprinklers on Timer

HOA Fees

  • $500 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Brick Exterior Construction
  • Block Exterior

Interior Spaces

  • 5,325 Sq Ft Home
  • 4-Story Property
  • Elevator
  • Ceiling height of 9 feet or more
  • 1 Fireplace
  • Double Pane Windows
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3.5 Bathrooms

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Location

  • Property is near public transit

Schools

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

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 20
  • Assessor Parcel Number 118-51-139

Community Details

Overview

  • Association fees include insurance, ground maintenance, street maintenance, front yard maint, maintenance exterior
  • City Prop Mgmt Association, Phone Number (602) 437-4777
  • Chateaux On Central Subdivision, Empty Shell Floorplan

Additional Features

  • No Laundry Facilities
  • Gated Community

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$10,008

Year Built

Built in 2008 | Under Construction

Lot Details

0

HOA Fees

$500 per month

Parking

2

Listing Details

  • Cross Street: Central Ave & Palm Lane
  • 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: 500.0
  • Basement: Y
  • Energy Green Feature H E R S Rating: N
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2008
  • Tax Year: 2021
  • Directions: West on Palm Lane to the community gate. North through the gate to the property.
  • Master Model: Empty Shell
  • Property Sub Type: Townhouse
  • Horses: No
  • Lot Size Acres: 0.06
  • Co List Office Mls Id: lyon19
  • Co List Office Phone: 480-287-5200
  • Subdivision Name: CHATEAUX ON CENTRAL
  • Architectural Style: Other
  • New Construction: No
  • Efficiency: Other (See Remarks)
  • Property Attached Yn: Yes
  • Association Fees:HOA Fee2: 500.0
  • Windows:Dual Pane: Yes
  • Construction Brick: Yes
  • Water Source City Water: Yes
  • Special Features: None

Interior Features

  • Basement: Unfinished
  • Flooring: Other
  • Basement YN: Yes
  • Possible Use: Res/Business Use Ok
  • Spa Features: None
  • Possible Bedrooms: 4
  • Total Bedrooms: 3
  • Fireplace Features: 1 Fireplace
  • Fireplace: Yes
  • Interior Amenities: Other, See Remarks, 9+ Flat Ceilings, Elevator
  • Living Area: 5325.0
  • Stories: 4
  • Window Features: Dual Pane
  • Other Rooms:Great Room: Yes
  • Community Features:Near Light Rail Stop: Yes
  • Kitchen Features:None42: Yes
  • Basement Description:Unfinished2: Yes
  • Community Features:See Remarks2: Yes
  • Community Features:Gated: Yes

Exterior Features

  • Fencing: Wrought Iron
  • Exterior Features: Balcony, Private Street(s)
  • Lot Features: Sprinklers In Front, Auto Timer H2O Front
  • Pool Features: None
  • Disclosures: Agency Discl Req
  • Construction Type: Brick Veneer, Block, Brick
  • Patio And Porch Features: Covered Patio(s), Patio
  • Property Condition: Under Construction
  • Roof: Other
  • Construction:Block: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Balcony: Yes
  • Exterior Features:Private Street(s): Yes
  • Construction Status:Under Construction: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Garage Door Opener
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Open Parking Spaces: 2.0
  • Parking Features:Other7: Yes
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Laundry Features: None
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Main Cooling Other: Yes

Condo/Co-op/Association

  • Community Features: Gated, Near Light Rail Stop
  • Association Fee: 500.0
  • Association Fee Frequency: Monthly
  • Association Name: City Prop Mgmt
  • Phone: 602-437-4777 ext 157
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 150.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: City Prop Mgmt
  • Association Fees:HOA Telephone4: 602-437-4777x157
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 1000.0
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • 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

Fee Information

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

Schools

  • Elementary School: Kenilworth 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: 2778.0
  • Parcel #: 118-51-139

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 10008.0
  • Tax Book Number: 118.00
  • Tax Lot: 20
  • Tax Map Number: 51.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 28, 2022
Sold by
Syltebo Michael and Syltebo Jacob
Bought by
50 Phx Llc
Current Estimated Value
$1,847,692

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,192,500
Interest Rate
6.61%
Mortgage Type
Construction

Purchase Details

Listed on
Nov 24, 2021
Closed on
Nov 18, 2021
Sold by
Msi West Investments Llc
Bought by
Syltebo Michael and Wight Jacob
Seller's Agent
Chad Christian Jr
Russ Lyon Sotheby's International Realty
Buyer's Agent
Melanie McCarthy
Russ Lyon Sotheby's International Realty
List Price
$675,000
Sold Price
$688,000
Premium/Discount to List
$13,000
1.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.01%
Original Mortgage
$816,000
Interest Rate
3.05%
Mortgage Type
Commercial
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
50 Phx Llc -- First American Title
Syltebo Michael $688,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed 50 Phx Llc $1,192,500
Previous Owner Syltebo Michael $816,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/07/2021 12/07/21 Sold $688,000 +1.9% $129 / Sq Ft
11/24/2021 11/24/21 Pending -- -- --
11/24/2021 11/24/21 For Sale $675,000 -- $127 / 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 $10,558 $78,950 -- --
2024 $10,455 $75,190 -- --
2023 $10,455 $93,960 $18,790 $75,170
2022 $10,084 $81,960 $16,390 $65,570
2021 $10,008 $83,200 $16,640 $66,560
2020 $10,124 $88,370 $17,670 $70,700
2019 $9,167 $72,700 $14,540 $58,160
2018 $9,010 $65,010 $13,000 $52,010
2017 $8,801 $58,970 $11,790 $47,180
2016 $8,549 $58,780 $11,750 $47,030
2015 $7,910 $54,520 $10,900 $43,620
Source: Public Records

Agents Affiliated with this Home

  • Chad Christian Jr

    Seller's Agent in 2021

    Chad Christian Jr

    Russ Lyon Sotheby's International Realty

    (480) 287-5200

    9 in this area

    75 Total Sales

    Chad Christian Jr
    Section Image
  • Joe Bushong

    Seller Co-Listing Agent in 2021

    Joe Bushong

    Russ Lyon Sotheby's International Realty

    (480) 287-5200

    10 in this area

    217 Total Sales

    Joe Bushong
    Section Image

  • M

    Buyer's Agent in 2021

    Melanie McCarthy

    Russ Lyon Sotheby's International Realty

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6324998

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-51-139

Arizona Maricopa County Phoenix 85003 Willo

50 W Palm Ln, Phoenix, AZ

This home is located at 50 W Palm Ln, Phoenix, AZ 85003 since 24 November 2021 and is currently estimated at $1,847,692, approximately $346 per square foot. This property was built in 2008. 50 W Palm Ln is a home located in Maricopa County with nearby schools including Kenilworth 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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