Rare opportunity in a remarkable location! Tucked away in a quintessential community of only 14 patio homes adjacent to the sought-after Los Olivos & Alvarado neighborhoods; turning into this private drive feels like entering a secret garden. Spacious 2 bedroom, 2 bath unit with large living room, an extra den/office, plus large functional laundry room with extra storage. This turn-key home has been lovingly updated and well-maintained by the seller. BEAUTIFUL galley-style kitchen with granite countertops, Sub Zero fridge, stainless steel hood, soft close cabinets, and plenty of counter space! Timeless travertine tile floors in all the main spaces. Anderson windows & Doors. Relax in the large primary suite with its lux ensuite bathroom and ample closet space. Enjoy the community pool just a few steps from this unit. Prime central location; walk or bike to work or some of the best restaurants, shopping, entertainment, and museums in downtown Central Phoenix.
Property Details
Property Features
Property Information:
Architectural Style: Territorial/Santa Fe
Year Built: 1969
Stories: 1
Living Area: 1,684 SqFt
Listing Office:
Office Name: HomeSmart
Office Phone: (602) 339-3567
Listing Agent: Lisa Brown
Interior Features
Interior Information:
Flooring Type: Carpet, Stone, Tile
Interior: No Interior Steps, Full Bth Master Bdrm, Granite Counters
Fireplace: Other (See Remarks)
Bedroom and Bathroom Information:
Total Bedroom Count: 2
Exterior Features
Exterior Information:
Private Pool: No
Exterior: Patio
Parking Information:
Garage Space: 2 spaces
Parking: Dir Entry frm Garage
Lot Features
Lot Information:
Lot: Desert Back, Desert Front, Grass Front
Lot Size: 0.06 Acres
Utilities
Utilities Information:
Heating: Electric, Natural Gas
School Info
Assigned Schools Information:
Phoenix Union Bioscience High School, Public District Grades 9-12
Franklin Police and Fire High School, Public District Grades 9-12
Central High School, Public District Grades 9-12
Ralph Waldo Emerson Elementary School, Public District Grades PK-6
Other
Directions Information:
Directions: North on 7th St from McDowell Road for 1/4 mile to Palm Lane, West on Palm Lane to community entrance. South into Community - second to last unit on right.
Price Information
Listing Price Info
Price Summary:
List Price: $665,000
Price Per SqFt: $395/SqFt
HOA Fees:
Amount: $320
Frequency: Monthly
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Phoenix, AZ.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$3,706
Per Month
Principal & Interest
$3,319
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$320
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$2,060
Powered By
Advertisement
NMLS#3030
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.
Elementary School
3
/10
Ralph Waldo Emerson Elementary School
915 E Palm Ln
Distance between this listing and this school0.28 miles
Public District Grades PK-6
High School
9
/10
Phoenix Union Bioscience High School
512 E Pierce St
Distance between this listing and this school0.89 miles
Public District Grades 9-12
8
/10
Franklin Police and Fire High School
1645 W Mcdowell Rd
Distance between this listing and this school1.65 miles
Public District Grades 9-12
3
/10
Central High School
4525 N Central Ave
Distance between this listing and this school2.38 miles
Public District Grades 9-12
Assigned Schools
3
/10
Ralph Waldo Emerson Elementary School
915 E Palm Ln
Distance between this listing and this school0.28 miles
Public District Grades PK-6
Nearby Schools
4
/10
Madison Camelview Elementary School
2002 E Campbell Ave
Distance between this listing and this school2.91 miles
Public District Grades PK-4
2
/10
Wilson Primary School
415 N 30th St
Distance between this listing and this school3.05 miles
Public District Grades KG-3
Nearby Schools
4
/10
Kenilworth Elementary School
1210 N 5th Ave
Distance between this listing and this school0.92 miles
Public District Grades PK-8
5
/10
Whittier Elementary School
2000 N 16th St
Distance between this listing and this school1.05 miles
Public District Grades PK-8
3
/10
Garfield School
811 N 13th St
Distance between this listing and this school1.09 miles
Public District Grades PK-8
Assigned Schools
9
/10
Phoenix Union Bioscience High School
512 E Pierce St
Distance between this listing and this school0.89 miles
Public District Grades 9-12
8
/10
Franklin Police and Fire High School
1645 W Mcdowell Rd
Distance between this listing and this school1.65 miles
Public District Grades 9-12
3
/10
Central High School
4525 N Central Ave
Distance between this listing and this school2.38 miles
The neighbors living near this home have an average income of $40,417. Typical income of Phoenix, AZ residents is less than $35k annually. Most families are single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 361 E Palm Ln
What is the listing price of this property?
The listing price of 361 E Palm Ln property is $665,000.
What type of property is this?
The property 361 E Palm Ln is a townhouse located in Phoenix, Arizona, 85004.
Is this property for sale now?
Active Listing: 361 E Palm Ln is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 361 E Palm Ln are: Ralph Waldo Emerson Elementary School: GreatSchools Rating 3/10Phoenix Union Bioscience High School: GreatSchools Rating 9/10Franklin Police and Fire High School: GreatSchools Rating 8/10Central High School: GreatSchools Rating 3/10
How many bedrooms and bathrooms does this property have?
The property at 361 E Palm Ln has 2 bedrooms and 2 bathrooms.
What is the square footage of this property?
The property 361 E Palm Ln is 1,684 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 361 E Palm Ln is 1969.
This home is located at 361 E Palm Ln in Phoenix, AZ and zip code 85004 in the Midtown neighborhood. This 1,684 square foot home, which was built in 1969, sits on a 0.06 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 25, 2024 and is currently priced at $665,000.
In March 2024, from all listings sold in Phoenix, AZ there were more than 282 sold above asking price, over 788 sold below and more than 418 were sold right at the asked price. In March 2024 in Phoenix, AZ there were 7.8% more homes for sale than in February 2024. In March 2024, listings were on the market for 54 days. During the same period, the median list price in this real estate market was $440,050.
From Rocket Homes Real Estate and based on county public records data.