NOT LISTED FOR SALE

940 W Palm Ln Phoenix, AZ 85007

North Encanto Neighborhood

Estimated Value: $1,038,000 - $1,274,000

3 Beds
2 Baths
2,416 Sq Ft
$483/Sq Ft Est. Value

Last Sold April 28, 2014

Last sale price $530,000 $219 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $6,576/month

260 Days on Market

Highlights

  • Private Pool
  • The property is located in a historic district
  • Wood Flooring
  • Phoenix Coding Academy Rated A
  • Living Room with Fireplace
  • Spanish Architecture

About This Home

As of April 2014

This fantastic Spanish Revival home is located in the very heart of the coveted Encanto/Palmcroft Historic District. The large living room features vaulted and beamed ceilings, hardwood flooring and a great fireplace. The floor plan also features 3 bedrooms, 2 baths, a formal dining room and a large open family room with views to the backyard and swimming pool. The classic Spanish architecture with its red tiled roof is the most sought after style in the neighborhood. Do not miss this wonderful home.

Last Agent to Sell the Property

Chad Christian Jr

Russ Lyon Sotheby's International Realty License #SA536279000 Listed on: 07/31/2013

Russ Lyon Sotheby's International Realty

Co-Listed By

Grant Almquist

Russ Lyon Sotheby's International Realty License #SA038955000

Last Buyer's Agent

Patrick Bradley

HomeSmart License #BR008433000

HomeSmart

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,130

Year Built

  • Built in 1930

Lot Details

  • 9,056 Sq Ft Lot
  • Block Wall Fence
  • Artificial Turf
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Grass Covered Lot

Parking

  • 3 Open Parking Spaces

Home Design

  • Spanish Architecture
  • Roof Updated in 2103
  • Brick Exterior Construction
  • Tile Roof
  • Foam Roof

Interior Spaces

  • 2,416 Sq Ft Home
  • 1-Story Property
  • Skylights
  • Two Way Fireplace
  • Living Room with Fireplace
  • 3 Fireplaces
  • Partial Basement
  • Dishwasher

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Pool

  • Pool Updated in 3013
  • Private Pool

Outdoor Features

  • Outdoor Fireplace
  • Outdoor Storage

Location

  • The property is located in a historic district

Schools

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

Utilities

  • Refrigerated Cooling System
  • Heating System Uses Natural Gas
  • Water Filtration System
  • Water Softener
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Encanto Subdivision, Historic Floorplan

Listing and Financial Details

  • Tax Lot 49
  • Assessor Parcel Number 111-11-049

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,130

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Cross Street: 7th Avenue and Encanto Blvd
  • Property Type: Residential
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Basement: Y
  • Cooling HVAC SEER Rating: 16
  • Bathrooms Year Updated: 2001
  • Items Updated Ht Cool Yr Updated: 2001
  • Items Updated Pool Yr Updated: 3013
  • Items Updated Rm Adtn Yr Updated: 2001
  • Items Updated Roof Yr Updated: 2103
  • Items Updated Wiring Yr Updated: 2001
  • Parking Spaces Slab Parking Spaces: 3.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1930
  • Tax Year: 2012
  • Directions: From 7th Ave and Encanto Blvd, go West to 9th Ave, turn left (South) to Palm Lane, turn right (West) to property on the right.
  • Master Model: HISTORIC
  • Property Sub Type: Single Family - Detached
  • Lot Size Acres: 0.21
  • Co List Office Mls Id: lyon19
  • Co List Office Phone: 480-287-5200
  • Subdivision Name: Encanto
  • Architectural Style: Spanish
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Assessor
  • Laundry:Washer Included: Yes
  • Laundry:Dryer Included: Yes
  • Technology:Cable TV Avail: Yes
  • Construction Brick: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: Partial
  • Flooring: Stone, Wood
  • Spa Features: None
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: 3+ Fireplace, Two Way Fireplace, Exterior Fireplace, Living Room
  • Fireplace: Yes
  • Interior Amenities: Drink Wtr Filter Sys, Soft Water Loop
  • Living Area: 2416.0
  • Stories: 1
  • Window Features: Skylight(s)
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Dishwasher2: Yes
  • Kitchen Features:Disposal2: Yes
  • Kitchen Features:Refrigerator2: Yes
  • Fireplace:Exterior Fireplace: Yes
  • Other Rooms:Family Room: Yes
  • Fireplace:Fireplace Living Rm: Yes
  • Fireplace:_three_ Fireplace: Yes
  • Community Features:Historic District: Yes
  • Other Rooms:Arizona RoomLanai: Yes
  • Fireplace:Two Way Fireplace: Yes
  • Basement Description:Partial: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Storage
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Grass Front, Synthetic Grass Back, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Features: Private
  • Disclosures: Seller Discl Avail
  • Construction Type: Painted, Brick
  • Roof: Tile, Foam
  • Exterior Features:Storage: Yes

Garage/Parking

  • Open Parking Spaces: 3.0

Utilities

  • Cooling: Refrigeration
  • Heating: Natural Gas
  • Laundry Features: Dryer Included, Washer Included
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: 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

Schools

  • Elementary School: Kenilworth Elementary School
  • High School: Central High School
  • Middle Or Junior School: Phoenix Prep Academy

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 9056.0
  • Parcel #: 111-11-049
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Unknown

Tax Info

  • Tax Annual Amount: 2130.0
  • Tax Book Number: 111.00
  • Tax Lot: 49
  • Tax Map Number: 11.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 18, 2014
Sold by
Gayle Richard S and Krejca Kim L
Bought by
Gayle Family Trust
Current Estimated Value
$1,167,014

Purchase Details

Listed on
Jul 31, 2013
Closed on
Apr 25, 2014
Sold by
Gayle Richard S and Krejca Kim L
Bought by
Gayle Richard S and Krejca Kim L
Seller's Agent
Chad Christian Jr
Russ Lyon Sotheby's International Realty
Buyer's Agent
Patrick Bradley
HomeSmart
List Price
$595,000
Sold Price
$530,000
Premium/Discount to List
-$65,000
-10.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.60%
Original Mortgage
$330,000
Outstanding Balance
$252,134
Interest Rate
4.32%
Mortgage Type
FHA
Estimated Equity
$963,217

Purchase Details

Listed on
Jul 31, 2013
Closed on
Apr 18, 2014
Sold by
Vogel Martin A C and Vogel Claude
Bought by
Gayle Richard S and Krejca Kim L
Seller's Agent
Chad Christian Jr
Russ Lyon Sotheby's International Realty
Buyer's Agent
Patrick Bradley
HomeSmart
List Price
$595,000
Sold Price
$530,000
Premium/Discount to List
-$65,000
-10.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Outstanding Balance
$252,134
Interest Rate
4.32%
Mortgage Type
FHA
Estimated Equity
$963,217

Purchase Details

Closed on
Mar 19, 2001
Sold by
Stewart Douglas R
Bought by
Vogel Martin A C and Vogel Claude

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
6.97%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 21, 1995
Sold by
Harding Donald H
Bought by
Stewart Douglas R

Purchase Details

Closed on
Sep 26, 1995
Sold by
Stewart Jane A
Bought by
Stewart Douglas R
Source: Public Records

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
Gayle Family Trust -- None Available
Gayle Richard S -- Accommodation
Gayle Richard S $530,000 Great American Title Agency
Vogel Martin A C $380,000 Transnation Title Insurance
Stewart Douglas R $220,000 Transamerica Title Ins Co
Stewart Douglas R -- Transamerica Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gayle Richard S $187,000
Open Gayle Richard S $330,000
Previous Owner Vogel Martin A C $56,000
Previous Owner Vogel Martin A C $304,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2014 04/28/14 Sold $530,000 -6.2% $219 / Sq Ft
03/18/2014 03/18/14 Pending -- -- --
11/14/2013 11/14/13 Price Changed $565,000 -5.0% $234 / Sq Ft
07/01/2013 07/01/13 For Sale $595,000 -- $246 / 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 $2,612 $19,536 -- --
2024 $2,587 $18,605 -- --
2023 $2,587 $33,430 $6,685 $26,745
2022 $2,495 $25,530 $5,105 $20,425
2021 $2,476 $26,265 $5,250 $21,015
2020 $2,505 $24,560 $4,910 $19,650
2019 $2,501 $22,460 $4,490 $17,970
2018 $2,458 $22,160 $4,430 $17,730
2017 $2,401 $20,660 $4,130 $16,530
2016 $2,331 $17,785 $3,555 $14,230
2015 $2,157 $17,915 $3,580 $14,335
Source: Public Records

Agents Affiliated with this Home

  • Chad Christian Jr

    Seller's Agent in 2014

    Chad Christian Jr

    Russ Lyon Sotheby's International Realty

    (480) 287-5200

    16 in this area

    76 Total Sales

    Chad Christian Jr
    Section Image
  • Grant Almquist

    Seller Co-Listing Agent in 2014

    Grant Almquist

    Russ Lyon Sotheby's International Realty

    (602) 615-2799

    102 Total Sales

    Grant Almquist
    Section Image

  • P

    Buyer's Agent in 2014

    Patrick Bradley

    HomeSmart

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 4975811

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-11-049

Arizona Maricopa County Phoenix 85007 North Encanto

940 W Palm Ln, Phoenix, AZ

This home is located at 940 W Palm Ln, Phoenix, AZ 85007 since 31 July 2013 and is currently estimated at $1,167,014, approximately $483 per square foot. This property was built in 1930. 940 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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