NOT LISTED FOR SALE

Estimated Value: $226,000 - $423,000

2 Beds
2 Baths
1,064 Sq Ft
$325/mo HOA Fee

Last Sold October 20, 2021

Last sale price $225,000 $211 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $1,876/month

21 Days on Market

Highlights

  • Gated Community
  • Contemporary Architecture
  • Eat-In Kitchen
  • Phoenix Coding Academy Rated A
  • Community Pool
  • Double Pane Windows

About This Home

As of October 2021

Great two bedroom two bath in the Palm Terrace Community. Beautiful green grass in the common areas, community pool and close to the downtown entertainment district, restaurants and transportation. The unit is located in the western most building in the back and is very private with metroplitan views from the master bedroom. Wood laminate floors, New vanities in the bathrooms, recoated tiles in the bathroom, stack washer/dryer. A very nice place to land in Mid-Town. The exterior to be painted in September.

Last Agent to Sell the Property

Carolyn Lane

Platinum First Realty License #BR023292000 Listed on: 09/24/2021

Last Buyer's Agent

Gayle Shalloo

Keller Williams Arizona Realty License #SA680432000

Keller Williams Arizona Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $439

Year Built

  • Built in 1964

Lot Details

  • Wrought Iron Fence
  • Front Yard Sprinklers
  • Grass Covered Lot

HOA Fees

  • $325 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Block Exterior

Interior Spaces

  • 1,064 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows

Kitchen

  • Eat-In Kitchen
  • Electric Cooktop
  • Laminate Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Parking

  • 1 Carport Space
  • Assigned Parking

Schools

  • Emerson Elementary School
  • North High Middle School
  • North High School

Utilities

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

Additional Features

  • No Interior Steps
  • Patio
  • Property is near a bus stop

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 118-45-327-A

Community Details

Overview

  • Association fees include roof repair, insurance, sewer, pest control, ground maintenance, (see remarks), front yard maint, trash, water
  • Amcor Property Prof Association, Phone Number (480) 948-5860
  • Palm Terrace Condominium Subdivision

Recreation

  • Community Pool

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$439

Year Built

Built in 1964

Lot Details

0

HOA Fees

$325 per month

Listing Details

  • Cross Street: 7th Street and Thomas
  • Legal Info Range: 3E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 324.5
  • Basement: N
  • Updated Floors: Partial
  • Items Updated Floor Yr Updated: 2020
  • Updated Plumbing: Partial
  • Items Updated Plmbg Yr Updated: 2020
  • Parking Spaces Total Covered Spaces: 1.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1964
  • Tax Year: 2020
  • Property Sub Type: Apartment
  • Horses: No
  • Lot Size Acres: 0.03
  • Subdivision Name: PALM TERRACE CONDOMINIUM
  • Architectural Style: Contemporary
  • Property Attached Yn: Yes
  • Tax Parcel Letter: A
  • General Property Description:PriceSqFt: 211.47
  • Association Fees:HOA Fee2: 324.5
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Kitchen Features:Electric Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Laminate, Tile
  • Basement YN: No
  • Spa Features: None
  • Appliances: Electric Cooktop
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Eat-in Kitchen, No Interior Steps, 3/4 Bath Master Bdrm, Laminate Counters
  • Living Area: 1064.0
  • Stories: 2
  • Window Features: Dual Pane
  • Community Features:Community Pool: Yes
  • Kitchen Features:Laminate Counters: Yes
  • Community Features:Near Bus Stop: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Gated: Yes

Exterior Features

  • Fencing: See Remarks, Wrought Iron
  • Lot Features: Sprinklers In Front, Alley, Grass Front
  • Pool Features: None
  • Disclosures: Agency Discl Req, None, Seller Discl Avail
  • Construction Type: Painted, Block
  • Patio And Porch Features: Patio
  • Roof: Other, Rolled/Hot Mop
  • Construction:Block: Yes
  • Exterior Features:Patio: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Assigned
  • Attached Garage: No
  • Carport Spaces: 1.0
  • Parking Features:Assigned Parking: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Gated, Community Pool, Near Bus Stop
  • Association Fee: 324.5
  • Association Fee Frequency: Monthly
  • Association Name: Palm Terrace
  • Phone: 480-948-5860
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 187.5
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Palm Terrace
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: %
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: Amcor Property Prof
  • Association Fees:HOA Management Phone: 480-948-5860
  • Association Fee Incl:Front Yard Maint: Yes
  • Association Fee Incl:Roof Repair: Yes
  • Association Fee Incl:Blanket Ins Policy: Yes
  • Association Fee Incl:Water6: Yes
  • Association Fee Incl:Sewer6: Yes
  • Association Fee Incl:Garbage Collection2: Yes
  • Association Fee Incl:Pest Control: Yes
  • Association Fee Incl:Other (See Remarks)5: Yes

Fee Information

  • Association Fee Includes: Roof Repair, Insurance, Sewer, Pest Control, Maintenance Grounds, Other (See Remarks), Front Yard Maint, Trash, Water

Schools

  • Elementary School: Emerson Elementary School
  • High School: North High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: North High School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 1341.0
  • Parcel #: 118-45-327-A

Building Info

  • Builder Name: unknown

Tax Info

  • Tax Annual Amount: 439.0
  • Tax Book Number: 118.00
  • Tax Lot: 6
  • Tax Map Number: 45.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2021
Closed on
Oct 12, 2021
Sold by
Lake Kenneth F
Bought by
Thompson Gail Ann
Seller's Agent
Carolyn Lane
Platinum First Realty
Buyer's Agent
Gayle Shalloo
Keller Williams Arizona Realty
List Price
$225,000
Sold Price
$225,000
Current Estimated Value
$279,231

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,231
Avg. Annual Appreciation
5.30%
Original Mortgage
$218,250
Outstanding Balance
$199,024
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$80,207

Purchase Details

Closed on
Sep 17, 2020
Sold by
Russell Elizabeth A and Elizabeth A Russell Family Tru
Bought by
Lake Kenneth F and Russell Elizabeth A

Purchase Details

Closed on
Aug 28, 2015
Sold by
Russell Elizabeth A and Lake Kenneth F
Bought by
Elizabeth A Russell Family Trust

Purchase Details

Closed on
Jun 12, 2015
Sold by
Johnson Jeffrey A and Lockwood Ralph G
Bought by
Russell Elizabeth A and Lake Kenneth F

Purchase Details

Closed on
Jan 14, 2011
Sold by
G8 Capital Llc
Bought by
Johnson Jeffrey A and Lockwood Ralph G

Purchase Details

Closed on
Sep 30, 2010
Sold by
Fannie Mae
Bought by
G8 Capital Llc

Purchase Details

Closed on
May 7, 2010
Sold by
Suntrust Mortgage Inc
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Mar 5, 2010
Sold by
Barnes Gary D
Bought by
Suntrust Mortgage Inc

Purchase Details

Closed on
May 23, 2007
Sold by
Dempsey Jean M
Bought by
Barnes Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,600
Interest Rate
6.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 15, 1998
Sold by
Hud
Bought by
Dempsey Jean M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,900
Interest Rate
6.73%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 21, 1997
Sold by
Ft Mtg Companies
Bought by
Hud

Purchase Details

Closed on
Sep 2, 1997
Sold by
Cardenas Barney
Bought by
Ft Mtg Companies
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Thompson Gail Ann $225,000 Chicago Title Agency Inc
Lake Kenneth F -- None Available
Elizabeth A Russell Family Trust -- None Available
Russell Elizabeth A -- None Available
Johnson Jeffrey A $28,000 Lawyers Title Of Arizona Inc
G8 Capital Llc $27,340 None Available
Federal National Mortgage Association -- Servicelink
Suntrust Mortgage Inc $128,252 Servicelink
Barnes Gary $123,600 Transnation Title Ins Co
Dempsey Jean M -- First Southwestern Title
Hud -- Fidelity Title
Ft Mtg Companies -- Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thompson Gail Ann $218,250
Previous Owner Barnes Gary $123,600
Previous Owner Dempsey Jean M $37,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/20/2021 10/20/21 Sold $225,000 0.0% $211 / Sq Ft
09/22/2021 09/22/21 Pending -- -- --
09/01/2021 09/01/21 For Sale $225,000 -- $211 / 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 $1,058 $3,677 -- --
2024 $391 $3,502 -- --
2023 $391 $14,610 $2,920 $11,690
2022 $389 $11,760 $2,350 $9,410
2021 $451 $10,960 $2,190 $8,770
2020 $439 $9,830 $1,960 $7,870
2019 $420 $8,470 $1,690 $6,780
2018 $406 $6,370 $1,270 $5,100
2017 $373 $5,470 $1,090 $4,380
2016 $360 $4,210 $840 $3,370
2015 $335 $3,230 $640 $2,590
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6287725

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-45-327A