2 months on rocket

56 E Palm Ln, Phoenix, AZ, 85004

$2,300,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
6 Baths
5,494 SqFt
$419/SqFt
House
Schools Nearby

Location

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56 E Palm Ln, Phoenix$2,300,000

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, Separate Strge Area, Detached, Gated
Garage3 spaces
Year Built1926
HeatingNatural Gas
CoolingCeiling Fan(s)
BasementYes
Fireplace3+ Fireplace, Exterior Fireplace, Living Room, Gas
ViewCity Lights, Mountain(s)
Private PoolYes
MLS #6661128
Lot Size0.65 Acres
StatusActive

About 56 E Palm Ln

Stately & elegant estate property in the Alvarado Historic District. This 1929, Spanish Colonial home was designed by the legendary Lescher & Mahoney architectural firm for the Lakin family and is situated on a beautiful 2/3 acre lot. All of its' historic architectural features have been meticulously preserved while the home has been updated with modern amenities. Original architectural features include hardwood floors, beamed ceilings, custom millwork, elegant staircases with original wrought iron railings. The kitchen has been updated with custom cabinetry, quartz countertops & top of the line appliances. Beautiful, private backyard which features a pool and multiple patios. 3 car detached garage. The home is on the National Register of Historic Properties

Property Details

Property Features

Property Information:

  • Architectural Style: Spanish
  • Year Built: 1926
  • Stories: 2
  • Living Area: 5,494 SqFt

Listing Office:

  • Office Name: Russ Lyon Sotheby's International Realty
  • Office Phone: (480) 287-5200
  • Listing Agent: Chad D Christian Jr, R M Joe Bushong

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Carpet, Tile, Wood
  • Interior: 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
  • Fireplace: 3+ Fireplace, Exterior Fireplace, Living Room, Gas

Bedroom and Bathroom Information:

  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • View: City Lights, Mountain(s)
  • Exterior: Circular Drive, Covered Patio(s), Misting System, Patio, Private Yard

Parking Information:

  • Garage Space: 3 spaces
  • Parking: Attch'd Gar Cabinets, Electric Door Opener, Extnded Lngth Garage, Separate Strge Area, Detached, Gated

Lot Features

Lot Information:

  • Lot: Sprinklers In Rear, Sprinklers In Front, Corner Lot, Grass Front
  • Lot Size: 0.65 Acres

Utilities

Utilities Information:

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

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: From Central and Palm Lane, Head East to the property on the left/North side of the street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,300,000
  • Price Per SqFt: $419/SqFt

Tax Information:

  • Annual Amount: $6,583
  • 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

$440K

Med. Price/SqFt

$281

Avg. Days On Market

54

# of Sold Homes

1488

56 E Palm Ln vs Phoenix

66 DAYS ON ROCKET

+12 Days

$2,300,000

+$1.8M More

$419/SqFt

+$138 More

KEY TAKEAWAY

This property is $1.8M more than the Median Sold Price and $138/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: #6661128

Listing Office:

  • Office Name: Russ Lyon Sotheby's International Realty
  • Office Phone: (480) 287-5200
  • Listing Agent: Chad D Christian Jr, R M Joe Bushong

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: 4/28/2024, 7:25:20 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 28, 2015Home Sold
$1,258,000

Tax History

YEARPROP. TAXASSESSMENT
2021$6,583$42,050
2020$7,034$44,615
2019$7,207$40,330
2017$7,024$38,355

History based on county public records data.

Payment Calculator

$11.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,962

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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.

Elementary School

school-card-donut-2538358
3
/10

  • Ralph Waldo Emerson Elementary School

  • 915 E Palm Ln

  • 0.56 miles

  • Public District Grades PK-6

High School

school-card-donut-2538359
9
/10

  • Phoenix Union Bioscience High School

  • 512 E Pierce St

  • 0.98 miles

  • Public District Grades 9-12

school-card-donut-2538360
8
/10

  • Franklin Police and Fire High School

  • 1645 W Mcdowell Rd

  • 1.39 miles

  • Public District Grades 9-12

school-card-donut-2538361
3
/10

  • Central High School

  • 4525 N Central Ave

  • 2.29 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $40,417. The majority of Phoenix, AZ residents have income less than $35k annually. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 56 E Palm Ln

What is the listing price of this property?

The listing price of 56 E Palm Ln property is $2,300,000.

What type of property is this?

The property 56 E Palm Ln is a house located in Phoenix, Arizona, 85004.

Is this property for sale now?

Active Listing: 56 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 56 E Palm Ln are:
Ralph Waldo Emerson Elementary School: GreatSchools Rating 3/10
Phoenix Union Bioscience High School: GreatSchools Rating 9/10
Franklin Police and Fire High School: GreatSchools Rating 8/10
Central High School: GreatSchools Rating 3/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $6,583 (source: MLS/based on county public records data).

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

The last sale was on December 28, 2015 for $1,258,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 56 E Palm Ln has 4 bedrooms and 6 bathrooms.

What is the square footage of this property?

The property 56 E Palm Ln is 5,494 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 56 E Palm Ln is 1926.

Rocket Homes›Arizona›Maricopa County›Phoenix›85004›56 E Palm Ln

This home is located at 56 E Palm Ln in Phoenix, AZ and zip code 85004 in the Alvarado neighborhood. This 5,494 square foot home, which was built in 1926, sits on a 0.65 acre lot. Features: 4 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since February 22, 2024 and is currently priced at $2,300,000.

While more than 282 listings in Phoenix, AZ in March 2024 were sold above asking price, there were more than 418 listings sold at asking price, and more than 788 were sold below. In March 2024 in Phoenix, AZ there were 7.8% more homes for sale than in February 2024. In March 2024 median list price was $440,050 and the average listing age was 54 days.

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

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