NOT LISTED FOR SALE

5623 N Palacio Way Phoenix, AZ 85014

Camelback East Village Neighborhood

Estimated Value: $486,000 - $520,000

2 Beds
2 Baths
1,416 Sq Ft
$354/Sq Ft Est. Value

Last Sold May 26, 2016

Last sale price $272,500 $192 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $3,029/month

28 Days on Market

Highlights

  • Property is near public transit
  • Vaulted Ceiling
  • 1 Fireplace
  • Phoenix Coding Academy Rated A
  • Santa Barbara Architecture
  • Private Yard

About This Home

As of May 2016

Rare opportunity to own in prime walkable location. Be close to work, shopping, dining, & located within the Madison School District. This home is tucked away from the busy road in a quiet and friendly community. Large bedrooms & closets, custom built bathrooms with a claw foot soaking tub in the Master suite. Tile flooring throughout. The kitchen overlooks the formal dining area with beautiful wood beams, vaulted ceiling, and wood burning fireplace. Both dining room & bedroom have views & natural light from the gated courtyard entry. Your Master bedroom retreat has access to the private covered patio tastefully finished with pavers, plants, and trees. Two car garage, community pool, new water heater & all appliances convey. Home will convey with 1 year Old Republic Home Warranty.

Last Agent to Sell the Property

Melisa Camp

HomeSmart License #BR628269000 Listed on: 03/31/2016

Last Buyer's Agent

Millicent Jones

West USA Realty License #SA107010000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,991

Year Built

  • Built in 1973

Lot Details

  • 3,559 Sq Ft Lot
  • Desert faces the front of the property
  • 1 Common Wall
  • Wrought Iron Fence
  • Block Wall Fence
  • Private Yard

HOA Fees

  • $133 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Santa Barbara Architecture
  • Patio Home
  • Property Attached
  • Tile Roof
  • Stucco

Interior Spaces

  • 1,416 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • 1 Fireplace
  • Wood Frame Window
  • Tile Flooring

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Built-In Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 2 Bathrooms

Location

  • Property is near public transit
  • Property is near a bus stop

Schools

  • Madison Rose Lane Elementary School
  • Madison #1 Middle School
  • Central High School

Utilities

  • Refrigerated Cooling System
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Covered Patio or Porch

Listing and Financial Details

  • Tax Lot 17
  • Assessor Parcel Number 162-03-086

Community Details

Overview

  • Association fees include insurance, ground maintenance, (see remarks)
  • Palacio Del Sol Association, Phone Number (602) 279-4965
  • Palacio Del Sol Subdivision

Recreation

  • Community Pool
  • Bike Trail

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,991

Year Built

Built in 1973

Lot Details

0

HOA Fees

$133 per month

Parking

2

Listing Details

  • Cross Street: Bethany Home and 12th St.
  • 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: 133.33
  • Basement: N
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1973
  • Tax Year: 2015
  • Directions: Take 12th St. South from Bethany, home is just south of Montebello. Turn in on Palacio Way from 12th St., take second left to the back of the community past pool, home is on right.
  • Property Sub Type: Patio Home
  • Horses: No
  • Lot Size Acres: 0.08
  • Subdivision Name: Palacio Del Sol
  • Architectural Style: Santa Barbara/Tuscan
  • Property Attached Yn: Yes
  • ResoBuildingAreaSource: Assessor
  • Association Fees:HOA Fee2: 400.0
  • Dining Area:Breakfast Bar: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Technology:High Speed Internet Available: Yes
  • Special Features: None

Interior Features

  • Flooring: Tile
  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: 1 Fireplace
  • Fireplace: Yes
  • Interior Amenities: Eat-in Kitchen, Breakfast Bar, No Interior Steps, Vaulted Ceiling(s), Full Bth Master Bdrm, High Speed Internet
  • Living Area: 1416.0
  • Stories: 1
  • Window Features: Wood Frames
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Community Features:BikingWalking Path: Yes
  • Other Rooms:Family Room: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Community Features:Near Bus Stop: Yes
  • Community Features:Near Light Rail Stop: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Block, Wrought Iron
  • Exterior Features: Covered Patio(s), Patio, Private Yard
  • Lot Features: Desert Front
  • Pool Features: None
  • Pool Private: No
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Common Walls: 1 Common Wall
  • Construction Type: See Remarks, Stucco
  • Roof: Tile
  • Construction:Other (See Remarks)23: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Electric Door Opener, Separate Strge Area
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features:Electric Door Opener: Yes
  • Parking Features:Separate Strge Area: Yes

Utilities

  • Cooling: Refrigeration, Ceiling Fan(s)
  • Heating: Electric
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Community Pool, Near Light Rail Stop, Near Bus Stop, Biking/Walking Path
  • Amenities: Self Managed
  • Association Fee: 400.0
  • Association Fee Frequency: Quarterly
  • Association Name: Palacio Del Sol
  • Phone: 602-279-4965
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 100.0
  • Association Fees:HOA Paid Frequency: Quarterly
  • Association Fees:HOA Name4: Palacio Del Sol
  • Association Fees:HOA Telephone4: 6022794965
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:Blanket Ins Policy: Yes
  • Association Fee Incl:Other (See Remarks)5: Yes

Fee Information

  • Association Fee Includes: Insurance, Maintenance Grounds, Other (See Remarks)

Schools

  • Elementary School: Madison Rose Lane School
  • High School: Central High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Madison #1 Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 3559.0
  • Parcel #: 162-03-086
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: unknown

Tax Info

  • Tax Annual Amount: 1991.0
  • Tax Book Number: 162.00
  • Tax Lot: 17
  • Tax Map Number: 3.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2016
Closed on
May 3, 2016
Sold by
Hayes Sheri G
Bought by
Reimer Scott B
Seller's Agent
Melisa Camp
HomeSmart
Buyer's Agent
Millicent Jones
West USA Realty
List Price
$285,000
Sold Price
$272,500
Premium/Discount to List
-$12,500
-4.39%
Current Estimated Value
$501,228

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$228,728
Avg. Annual Appreciation
6.71%
Original Mortgage
$267,563
Outstanding Balance
$212,442
Interest Rate
3.58%
Mortgage Type
FHA
Estimated Equity
$288,786

Purchase Details

Closed on
Nov 27, 2000
Sold by
Rich Heather A
Bought by
Hayes Sheri G

Purchase Details

Closed on
Oct 31, 2000
Sold by
Haley Mark
Bought by
Hayes Sheri G

Purchase Details

Closed on
Mar 29, 1999
Sold by
Jared Janet L
Bought by
Rich Heather A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,600
Interest Rate
6.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 1995
Sold by
Jared Janet L
Bought by
Jared Janet L
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
Reimer Scott B $272,500 Chicago Title Agency Inc
Hayes Sheri G $141,500 Security Title Agency
Hayes Sheri G -- Security Title Agency
Rich Heather A $132,000 Grand Canyon Title Agency In
Jared Janet L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reimer Scott B $267,563
Previous Owner Rich Heather A $105,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/26/2016 05/26/16 Sold $272,500 -4.4% $192 / Sq Ft
04/28/2016 04/28/16 Pending -- -- --
03/31/2016 03/31/16 For Sale $285,000 0.0% $201 / Sq Ft
02/23/2015 02/23/15 Rented $1,600 0.0% --
01/27/2015 01/27/15 Under Contract -- -- --
01/10/2015 01/10/15 For Rent $1,600 -- --
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 $2,864 $26,264 -- --
2024 $2,780 $25,013 -- --
2023 $2,780 $35,330 $7,060 $28,270
2022 $2,691 $29,850 $5,970 $23,880
2021 $2,746 $30,020 $6,000 $24,020
2020 $2,701 $28,030 $5,600 $22,430
2019 $2,640 $27,220 $5,440 $21,780
2018 $2,339 $22,470 $4,490 $17,980
2017 $2,220 $21,070 $4,210 $16,860
2016 $2,140 $19,910 $3,980 $15,930
2015 $1,991 $20,330 $4,060 $16,270
Source: Public Records

Agents Affiliated with this Home

  • M

    Buyer's Agent in 2016

    Millicent Jones

    West USA Realty

    Section Image

  • M

    Seller's Agent in 2015

    Melisa Camp

    HomeSmart

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5420513

Arizona Regional Multiple Listing Service (ARMLS)

APN: 162-03-086

Arizona Maricopa County Phoenix 85014 Camelback East Village

5623 N Palacio Way, Phoenix, AZ

This home is located at 5623 N Palacio Way, Phoenix, AZ 85014 since 31 March 2016 and is currently estimated at $501,228, approximately $353 per square foot. This property was built in 1973. 5623 N Palacio Way is a home located in Maricopa County with nearby schools including Madison Rose Lane Elementary School, Madison No. 1 Middle 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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