NOT LISTED FOR SALE

56 E Palm Ln Phoenix, AZ 85004

Alvarado Historic District Neighborhood

Estimated Value: $2,160,000 - $2,421,000

4 Beds
5.5 Baths
5,032 Sq Ft
$455/Sq Ft Est. Value

Last Sold December 28, 2015

Last sale price $1,258,000 $250 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $12,669/month

83 Days on Market

Highlights

  • Private Pool
  • The property is located in a historic district
  • City Lights View
  • Phoenix Coding Academy Rated A
  • Gated Parking
  • 0.65 Acre Lot

About This Home

As of December 2015

Phenomenal Arizona Historic Register estate in the Arts District of Phoenix on 2/3 of an acre! Custom designed by the legendary Lescher & Mahoney architectural firm in 1926, this home has kept all of the old world charm with new modern amenities and upgrades! Words cannot describe the incredible architectural details throughout. Features include living room w/quarter-sawed oak floors and detailed red wood beam ceiling, study/library, theater room, huge Summer living room basement with fireplace and full bath, guest quarters and peaceful upstairs Conservatory sunroom with breathtaking views. Updated gourmet kitchen showcases custom cabinets, quartz counters, center chef’s island and top of the line appliances, including double wall ovens, separate warming drawer and new Sub-Zero built-in refrigerator-freezer! Tropical private backyard with alumawood treillage-covered patio, mature foliage, arched bridges, koi pond, fireplace and pool w/ 2 large water fall features! Updates to plumbing, electrical (400 Amp 3 phase service entrance), AC and the addition of home automation features have this home transcending time. Be sure to check out the photos and 3D video

Last Agent to Sell the Property

Brian Bair

OfferPad Brokerage, LLC License #SA569401000 Listed on: 08/26/2015

Last Buyer's Agent

Brian Bair

OfferPad Brokerage, LLC License #SA569401000 Listed on: 08/26/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,415

Year Built

  • Built in 1926

Lot Details

  • 0.65 Acre Lot
  • Block Wall Fence
  • Corner Lot
  • Misting System
  • Front and Back Yard Sprinklers
  • Private Yard
  • Grass Covered Lot

Parking

  • 3 Car Detached Garage
  • 2 Open Parking Spaces
  • 5 Carport Spaces
  • Garage Door Opener
  • Circular Driveway
  • Gated Parking

Property Views

  • City Lights
  • Mountain

Home Design

  • Spanish Architecture
  • Brick Exterior Construction
  • Tile Roof
  • Metal Roof
  • Metal Construction or Metal Frame
  • Stucco

Interior Spaces

  • 5,032 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Double Pane Windows
  • Low Emissivity Windows
  • Roller Shields
  • Wood Frame Window
  • Living Room with Fireplace
  • 3 Fireplaces
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Breakfast Bar
  • Gas Cooktop
  • Built-In Microwave
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Two Primary Bathrooms
  • Primary Bathroom is a Full Bathroom
  • 5.5 Bathrooms
  • Hydromassage or Jetted Bathtub
  • Bathtub With Separate Shower Stall
  • Solar Tube

Eco-Friendly Details

  • Energy Monitoring System

Outdoor Features

  • Private Pool
  • Covered Patio or Porch
  • Outdoor Fireplace

Location

  • Property is near public transit
  • Property is near a bus stop
  • The property is located in a historic district

Schools

  • Phoenix Prep Academy Elementary School
  • Faith North Elementary Middle School

Utilities

  • Refrigerated Cooling System
  • Refrigerated and Evaporative Cooling System
  • Zoned Heating
  • Heating System Uses Natural Gas
  • Water Filtration System
  • Water Softener
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Association fees include no fees
  • Built by LESCHER & MAHONEY
  • Los Olivos Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 118-52-056-D

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,415

Year Built

Built in 1926

Lot Details

0

Parking

3

Listing Details

  • Cross Street: Central & Palm Lane
  • Legal Info Range: 3E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Basement: Y
  • Cooling HVAC SEER Rating: 18
  • Updated Heating or Cooling Units: Partial
  • Items Updated Ht Cool Yr Updated: 2014
  • Updated Plumbing: Partial
  • Items Updated Plmbg Yr Updated: 2014
  • Updated Roof: Partial
  • Items Updated Roof Yr Updated: 2010
  • Updated Wiring: Partial
  • Items Updated Wiring Yr Updated: 2013
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 8.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 1926
  • Tax Year: 2014
  • Directions: South on Central Ave, East on Palm Ln
  • Property Sub Type: Single Family - Detached
  • Horses: No
  • Lot Size Acres: 0.65
  • Subdivision Name: LOS OLIVOS
  • Architectural Style: Spanish
  • Efficiency: Energy Audit, Solar Tubes, Multi-Zones
  • Property Attached Yn: No
  • Tax Parcel Letter: D
  • ResoBuildingAreaSource: Appraiser
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Technology:High Speed Internet Available: Yes
  • Windows:Low-E: Yes
  • Construction Brick: Yes
  • Special Features: None

Interior Features

  • Basement: Finished, Full
  • Flooring: Carpet, Tile, Wood
  • Basement YN: Yes
  • Spa Features: None
  • Possible Bedrooms: 7
  • Total Bedrooms: 4
  • Fireplace Features: 3+ Fireplace, Exterior Fireplace, Living Room, Gas
  • Fireplace: Yes
  • Interior Amenities: Upstairs, Breakfast Bar, Drink Wtr Filter Sys, Roller Shields, Soft Water Loop, Vaulted Ceiling(s), Wet Bar, Kitchen Island, Pantry, 2 Master Baths, Full Bth Master Bdrm, Separate Shwr & Tub, Tub with Jets, High Speed Internet, Granite Counters
  • Living Area: 5032.0
  • Stories: 2
  • Window Features: Dual Pane, Low-E, Mechanical Sun Shds, Wood Frames
  • ResoLivingAreaSource: Appraiser
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Kitchen Features Pantry: Yes
  • Fireplace:Exterior Fireplace: Yes
  • Other Rooms:Family Room: Yes
  • Fireplace:Gas Fireplace: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Other Rooms:BonusGame Room: Yes
  • Community Features:Near Bus Stop: Yes
  • Kitchen Features:Cook Top Gas: Yes
  • Fireplace:Fireplace Living Rm: Yes
  • Other Rooms:Guest Qtrs-Sep Entrn: Yes
  • Kitchen Features:Multiple Ovens: Yes
  • Community Features:Historic District: Yes
  • Other Rooms:Library-Blt-in Bkcse: Yes
  • Other Rooms:Separate Workshop: Yes
  • Other Rooms:Media Room: Yes
  • Community Features:Near Light Rail Stop: Yes
  • Other Rooms:ExerciseSauna Room: Yes
  • Basement Description:Finished2: Yes
  • Basement Description:Full: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Circular Drive, Covered Patio(s), Misting System, Patio, Private Yard
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Corner Lot, Grass Front, Grass Back, Irrigation Front, Irrigation Back
  • Pool Features: Private
  • Pool Private: Yes
  • View: City Lights, Mountain(s)
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Painted, Stucco, Brick, Frame - Metal
  • Roof: Tile, Metal
  • Construction:Frame - Metal: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Circular Drive: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes
  • Exterior Features:Misting System: Yes

Garage/Parking

  • Total Covered Spaces: 8.0
  • Parking Features: Attch'd Gar Cabinets, Electric Door Opener, Extnded Lngth Garage, Separate Strge Area, Detached, Gated
  • Attached Garage: No
  • Carport Spaces: 5.0
  • Garage Spaces: 3.0
  • Open Parking Spaces: 2.0
  • Parking Features:Electric Door Opener: Yes
  • Parking Features:Attch_squote_d Gar Cabinets: Yes
  • Parking Features:Extnded Lngth Garage: Yes
  • Parking Features:Gated Parking: Yes
  • Parking Features:Separate Strge Area: Yes
  • Parking Features:Detached: Yes

Utilities

  • Cooling: Refrigeration, Both Refrig & Evap, Programmable Thmstat, Ceiling Fan(s)
  • Heating: Natural Gas
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Near Light Rail Stop, Near Bus Stop, Historic District
  • Amenities: None
  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: %
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: %
  • Association Fee Incl:No Fees: Yes

Fee Information

  • Association Fee Includes: No Fees

Schools

  • Elementary School: Phoenix Prep Academy
  • High School: Other
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Faith North Elementary School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 28119.0
  • Parcel #: 118-52-056-D
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: LESCHER & MAHONEY

Tax Info

  • Tax Annual Amount: 6415.0
  • Tax Book Number: 118.00
  • Tax Lot: 1
  • Tax Map Number: 52.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2015
Closed on
Nov 16, 2015
Sold by
Bonn Paul V and Bonn Janet E
Bought by
Doxa South Llc
Seller's Agent
Brian Bair
OfferPad Brokerage, LLC
Buyer's Agent
Brian Bair
OfferPad Brokerage, LLC
List Price
$1,350,000
Sold Price
$1,258,000
Premium/Discount to List
-$92,000
-6.81%
Current Estimated Value
$2,289,595

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,031,595
Avg. Annual Appreciation
6.87%

Purchase Details

Closed on
Jul 19, 2012
Sold by
Bonn Paul V and Bonn Janet E
Bought by
Bonn Paul and Bonn Janet E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
3.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 17, 2010
Sold by
Bonn Paul V and Bonn Janet E
Bought by
Bonn Paul and Bonn Janet E

Purchase Details

Closed on
Feb 2, 2010
Sold by
Bonn Paul V and Bonn Janet E
Bought by
Bonn Paul and Bonn Janet E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 30, 2008
Sold by
Bonn Paul V and Bonn Janet E
Bought by
Bonn Paul and Bonn Janet E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 13, 2006
Sold by
Bonn Paul V and Bonn Janet E
Bought by
Bonn Paul and Bonn Janet E
Source: Public Records

Range of Values:

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Average Value
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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
Doxa South Llc $1,258,000 First American Title Ins Co
Bonn Paul -- Pioneer Title Agency Inc
Bonn Paul -- Pioneer Title Agency Inc
Bonn Paul -- Pioneer Title Agency Inc
Bonn Paul -- Pioneer Title Agency Inc
Bonn Paul -- None Available
Bonn Paul -- Ticor Title Company
Bonn Paul -- First American Title Ins Co
Bonn Paul -- First American Title Ins Co
Bonn Paul -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bonn Paul $290,000
Previous Owner Bonn Paul $300,000
Previous Owner Bonn Paul $300,000
Previous Owner Bonn Paul $53,648
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2015 12/28/15 Sold $1,258,000 -6.8% $250 / Sq Ft
11/17/2015 11/17/15 Pending -- -- --
08/26/2015 08/26/15 For Sale $1,350,000 -- $268 / 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 $6,939 $51,112 -- --
2024 $6,873 $48,678 -- --
2023 $6,873 $54,285 $10,855 $43,430
2022 $6,633 $47,105 $9,420 $37,685
2021 $6,583 $42,050 $8,410 $33,640
2020 $7,035 $44,615 $8,920 $35,695
2019 $7,023 $40,330 $8,065 $32,265
2018 $7,208 $47,655 $9,530 $38,125
2017 $7,024 $38,355 $7,670 $30,685
2016 $6,797 $36,390 $7,275 $29,115
2015 $6,356 $35,005 $7,000 $28,005
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2015

    Brian Bair

    OfferPad Brokerage, LLC

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5326001

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-52-056D

Arizona Maricopa County Phoenix 85004 Alvarado Historic District

56 E Palm Ln, Phoenix, AZ

This home is located at 56 E Palm Ln, Phoenix, AZ 85004 since 26 August 2015 and is currently estimated at $2,289,595, approximately $455 per square foot. This property was built in 1926. 56 E Palm Ln is a home located in Maricopa County with nearby schools including Emerson 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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