28 days on rocket

118 E Palm Ln, Phoenix, AZ, 85004

$2,200,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
4 Baths
3,915 SqFt
$562/SqFt
House

Location

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118 E Palm Ln, Phoenix$2,200,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttch'd Gar Cabinets, Electric Door Opener, Extnded Lngth Garage, RV Gate, Separate Strge Area, Detached, Gated
Garage2 spaces
Year Built1925
HeatingNatural Gas
CoolingCeiling Fan(s)
BasementYes
Fireplace2 Fireplace, Family Room, Living Room
Private PoolYes
MLS #6775423
Lot Size0.47 Acres
StatusActive

About 118 E Palm Ln

Own a piece of Phoenix history with the esteemed RA Cox House, a 1925 adobe by Hollywood architect C. Lewis Kelley. Situated next to the Alvarado historic district, and on the National Register of historic homes, this stunning Spanish Colonial shares her 20,000+ sf irrigated lot with numerous citrus, fig, Crepe Myrtle and palm trees. Complete with beamed ceilings, wood floors and restored windows, the home is timeless and elegant with fabulous entertaining spaces. The light-filled east-facing kitchen is a culinary dream, with Soapstone counters and Carrara marble island. The serene master suite comes complete with a spacious walk-in closet and recently renovated bath. French doors spanning the back of the home lead to the covered porch and oasis-like backyard, featuring a glass-tiled pool , mature landscape and raised-bed gardening area. Additional highlights include a temperature-controlled wine cellar with arched brick storage, high-capacity AC units, 2 car garage with additional storage area and reduced property taxes. This exceptional property offers a unique blend of history, luxury and tranquility.

Property Details

Property Features

Property Information:

  • Architectural Style: Spanish
  • Year Built: 1925
  • Stories: 2
  • Living Area: 3,915 SqFt

Listing Office:

  • Office Name: HomeSmart
  • Office Phone: (602) 230-7600
  • Listing Agent: Don K Mertes

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Tile, Wood
  • Interior: Master Downstairs, Eat-in Kitchen, Breakfast Bar, Wet Bar, Kitchen Island, Full Bth Master Bdrm, Separate Shwr & Tub, High Speed Internet
  • Fireplace: 2 Fireplace, Family Room, Living Room

Bedroom and Bathroom Information:

  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Exterior: Circular Drive, Covered Patio(s), Gazebo/Ramada

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Attch'd Gar Cabinets, Electric Door Opener, Extnded Lngth Garage, RV Gate, Separate Strge Area, Detached, Gated

Lot Features

Lot Information:

  • Lot: Sprinklers In Rear, Sprinklers In Front, Corner Lot, Grass Front
  • Lot Size: 0.47 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: Ceiling Fan(s)

Other

Directions Information:

  • Directions: From Central Avenue, turn east on Palm Lane to property on the north side of the street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,200,000
  • Price Per SqFt: $562/SqFt

Tax Information:

  • Annual Amount: $5,498
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Phoenix, AZ.

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Phoenix, AZ

City

Med. Sold Price

$450.9K

Med. Price/SqFt

$284

Avg. Days On Market

62

# of Sold Homes

1291

118 E Palm Ln vs Phoenix

28 DAYS ON ROCKET

-34 Days

$2,200,000

+$1.7M More

$562/SqFt

+$277 More

KEY TAKEAWAY

This property is $1.7M more than the Median Sold Price and $277/SqFt more than other homes in Phoenix, AZ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Arizona Regional Multiple Listing Service 2
  • MLS Number: #6775423

Listing Office:

  • Office Name: HomeSmart
  • Office Phone: (602) 230-7600
  • Listing Agent: Don K Mertes

IDX The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2024 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/22/2024, 10:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 23, 2018Home Sold
$1,050,000
Apr 24, 1997Home Sold
$338,000

Tax History

YEARPROP. TAXASSESSMENT
2021$5,498$36,975
2020$5,558$38,180
2019$5,458$35,575
2017$5,298$31,055

History based on county public records data.

Payment Calculator

$11K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,662

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-587208
4
/10

  • Asu Preparatory Academy- Phoenix Elementary School

  • 735 E Fillmore St

  • 1.17 miles

  • Public Charter Grades KG-4

school-card-donut-587209
7
/10

  • Basis Phoenix Central Primary School

  • 201 E Indianola Ave

  • 1.54 miles

  • Public Charter Grades KG-5

school-card-donut-587210
4
/10

  • Encanto Elementary School

  • 1426 W Osborn Rd

  • 1.72 miles

  • Public District Grades KG-3

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $40,417. Residents of Phoenix, AZ typically earn less than $35k each year. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 118 E Palm Ln

What is the listing price of this property?

The listing price of 118 E Palm Ln property is $2,200,000.

What type of property is this?

The property 118 E Palm Ln is a house located in Phoenix, Arizona, 85004.

Is this property for sale now?

Active Listing: 118 E Palm Ln is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $5,498 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on April 23, 2018 for $1,050,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 118 E Palm Ln has 4 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 118 E Palm Ln is 3,915 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 118 E Palm Ln is 1925.

Rocket Homes›Arizona›Maricopa County›Phoenix›85004›118 E Palm Ln

This home is located at 118 E Palm Ln in Phoenix, AZ and zip code 85004 in the Alvarado neighborhood. This 3,915 square foot home, which was built in 1925, sits on a 0.47 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since October 25, 2024 and is currently priced at $2,200,000.

In October 2024 more than 250 listings in Phoenix, AZ were sold above the asking price. During the same period more than 344 listings were sold at asking price, while more than 697 were sold below. Between September 2024 and October 2024, Phoenix, AZ real estate market has seen increase in the number of listings by 7.5%. In October 2024 median list price was $450,977 and the average listing age was 62 days.

From Rocket Homes Real Estate and based on county public records data.

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