NOT LISTED FOR SALE

1615 W Palm Ln Phoenix, AZ 85007

Estimated Value: $499,000 - $511,000

3 Beds
2 Baths
1,238 Sq Ft
$409/Sq Ft Est. Value

Last Sold January 17, 2025

Last sale price $511,000 $413 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,021/month

214 Days on Market

Highlights

  • No HOA
  • Dual Vanity Sinks in Primary Bathroom
  • Tile Flooring
  • Phoenix Coding Academy Rated A
  • Breakfast Bar
  • Ceiling Fan

About This Home

As of January 2025

This peaceful 3 bed/2 bath home in historic Fairview Place is a dream for a primary owner or investor. Nicely updated in 2020 to incl.: new Kitchen,2 Bathrooms, windows, all new lighting & plumbing fixtures. Sellers added new pavers & landscaping & created a covered patio space to enjoy the beautiful AZ weather & there is still room for more! The oversized lot creates an opportunity to expand the footprint & value as a larger property amongst smaller historic homes in the neighborhood. A common attraction for this neighborhood is residence are within walking distance to the fairgrounds with the benefit of no street parking for events protecting neighborhood traffic. This home is close to everything downtown: sporting events, concerts, parks, restaurants and museums. What a lifestyle!!

Last Listed By

Samara Glassman-Utsunomiya

Realty ONE Group Brokerage Phone: 602-799-0683 License #BR556225000 Listed on: 05/15/2024

Realty ONE Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,307

Year Built

  • Built in 1951

Lot Details

  • 7,013 Sq Ft Lot
  • Wood Fence
  • Block Wall Fence

Parking

  • 1 Carport Space

Home Design

  • Composition Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,238 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Tile Flooring
  • Breakfast Bar

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom

Schools

  • Maie Bartlett Heard Elementary And Middle School
  • Central High School

Utilities

  • Refrigerated Cooling System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • Association fees include no fees
  • Fairview Place Blks 1 4 For Lot 2 See 118 49 Subdivision

Listing and Financial Details

  • Legal Lot and Block 2 / 6
  • Assessor Parcel Number 111-07-027

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,307

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Cross Street: 15th Ave and Encanto
  • Legal Info Range: 3E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 1.0
  • Parking Spaces Total Covered Spaces: 1.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1951
  • Tax Year: 2023
  • Directions: West on Encanto to 16th Ave, South on 16th Ave to Palm, West on Palm.
  • Attribution Contact: 602-799-0683
  • Property Sub Type: Single Family - Detached
  • Horses: No
  • Lot Size Acres: 0.16
  • Co List Office Mls Id: reog08
  • Co List Office Phone: 602-953-4000
  • Subdivision Name: FAIRVIEW PLACE BLKS 1-4 FOR LOT 2 SEE 118-49
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Assessor
  • Special Features: None

Interior Features

  • Flooring: Tile
  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Breakfast Bar, 3/4 Bath Master Bdrm, Double Vanity
  • Living Area: 1238.0
  • Stories: 1
  • Fireplace:No Fireplace: Yes
  • Kitchen Features:RangeOven Gas: Yes

Exterior Features

  • Fencing: Block, Wood
  • Lot Features: Dirt Front, Dirt Back
  • Pool Features: None
  • Pool Private: No
  • Disclosures: Seller Discl Avail
  • Construction Type: Painted, Stucco, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Carport Spaces: 1.0
  • Open Parking Spaces: 1.0

Utilities

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

Condo/Co-op/Association

  • 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

Fee Information

  • Association Fee Includes: No Fees

Schools

  • Elementary School: Maie Bartlett Heard School
  • High School: Central High School
  • Junior High Dist: Phoenix Union High School District
  • Middle Or Junior School: Maie Bartlett Heard School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7013.0
  • Parcel #: 111-07-027
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: unknown

Tax Info

  • Tax Annual Amount: 2307.0
  • Tax Block: 6
  • Tax Book Number: 111.00
  • Tax Lot: 2
  • Tax Map Number: 7.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2024
Closed on
Jan 3, 2025
Sold by
Bachofer Tara M and Lanzendorf Tara M
Bought by
Banda Nestor Daniel Panto and Nunez Pedro Carmona
Seller's Agent
Samara Glassman-Utsunomiya
Realty ONE Group
Buyer's Agent
Michael Castillo
Pulse Realty & Associates
List Price
$499,000
Sold Price
$511,000
Premium/Discount to List
$12,000
2.4%
Total Days on Market
214
Views
75
Current Estimated Value
$506,535

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,465
Avg. Annual Appreciation
-3.20%
Original Mortgage
$459,900
Outstanding Balance
$458,691
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$47,844

Purchase Details

Listed on
Mar 19, 2020
Closed on
May 6, 2020
Sold by
Venture Opportunities Llc
Bought by
Bachofer Tara M and Bachofer Ryan J
Seller's Agent
John Schloz
HomeSmart
Buyer's Agent
Samara Glassman-Utsunomiya
Realty ONE Group
List Price
$359,000
Sold Price
$350,000
Premium/Discount to List
-$9,000
-2.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.42%
Original Mortgage
$350,000
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 12, 2019
Closed on
Jan 7, 2020
Sold by
I M In Mud Llc
Bought by
Venture Opportunities Llc
Seller's Agent
Roberta Candelaria
Phoenix Urban Spaces
Buyer's Agent
Pam Prusha
Phoenix Urban Spaces
List Price
$295,000
Sold Price
$238,000
Premium/Discount to List
-$57,000
-19.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
168.82%
Original Mortgage
$218,250
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 12, 2019
Closed on
Dec 19, 2019
Sold by
Kronlund Jason E and Zelaya Kronlund Orquidia C
Bought by
I M In Mud Llc
Seller's Agent
Roberta Candelaria
Phoenix Urban Spaces
Buyer's Agent
Pam Prusha
Phoenix Urban Spaces
List Price
$295,000
Sold Price
$238,000
Premium/Discount to List
-$57,000
-19.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,250
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 2, 2018
Sold by
Kronlund Jason E and Zelaya Kronlund Orquidia C
Bought by
Kronlund Jason E and Zelaya Kronlund Orquidia C

Purchase Details

Closed on
Mar 24, 2009
Sold by
Zelaya Romilia D
Bought by
Zelaya Romilia D and Zelaya Santiago P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,500
Interest Rate
5.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 26, 2006
Sold by
Zelaya Romilia Dorotea and Zelaya Santiago P
Bought by
Zelaya Santiago P and Zelaya Romilia Dorotea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
6.36%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 23, 2006
Sold by
Zelaya Santiago Palacios
Bought by
Zelaya Romilia Dorotea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
6.36%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 12, 2002
Sold by
Zelaya Romilia D and Zelaya Romilia
Bought by
Zelaya Santiago P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,000
Interest Rate
6.69%

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
Banda Nestor Daniel Panto $511,000 Great American Title Agency
Banda Nestor Daniel Panto $511,000 Great American Title Agency
Bachofer Tara M $350,000 Empire West Title Agency Llc
Venture Opportunities Llc $242,500 None Available
I M In Mud Llc $238,000 West Title Agency Llc
Kronlund Jason E -- Lawyers Title Of Arizona Inc
Zelaya Romilia D -- Accommodation
Zelaya Santiago P -- None Available
Zelaya Santiago P -- Capital Title Agency Inc
Zelaya Romilia Dorotea -- Capital Title Agency Inc
Zelaya Santiago P -- Arizona Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Banda Nestor Daniel Panto $459,900
Closed Banda Nestor Daniel Panto $459,900
Previous Owner Bachofer Tara M $350,000
Previous Owner Venture Opportunities Llc $218,250
Previous Owner I M In Mud Llc $243,161
Previous Owner Zelaya Romilia D $91,500
Previous Owner Zelaya Romilia Dorotea $88,000
Previous Owner Zelaya Santiago P $62,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2025 01/17/25 Sold $511,000 +2.4% $413 / Sq Ft
12/16/2024 12/16/24 Pending -- -- --
11/22/2024 11/22/24 For Sale $499,000 0.0% $403 / Sq Ft
11/18/2024 11/18/24 Pending -- -- --
10/01/2024 10/01/24 Price Changed $499,000 -9.3% $403 / Sq Ft
08/04/2024 08/04/24 Price Changed $550,000 -8.2% $444 / Sq Ft
06/26/2024 06/26/24 Price Changed $599,000 -4.2% $484 / Sq Ft
05/15/2024 05/15/24 For Sale $625,000 +78.6% $505 / Sq Ft
05/13/2020 05/13/20 Sold $350,000 -2.5% $283 / Sq Ft
03/20/2020 03/20/20 For Sale $359,000 0.0% $290 / Sq Ft
03/20/2020 03/20/20 Price Changed $359,000 +2.6% $290 / Sq Ft
03/19/2020 03/19/20 Off Market $350,000 -- --
12/24/2019 12/24/19 Sold $238,000 -11.8% $192 / Sq Ft
10/17/2019 10/17/19 Price Changed $269,900 -0.8% $218 / Sq Ft
09/27/2019 09/27/19 Price Changed $272,000 -2.8% $220 / Sq Ft
08/22/2019 08/22/19 Price Changed $279,900 -2.8% $226 / Sq Ft
08/01/2019 08/01/19 Price Changed $287,900 -2.4% $233 / Sq Ft
07/12/2019 07/12/19 For Sale $295,000 -- $238 / 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 $2,329 $19,647 -- --
2024 $2,307 $18,711 -- --
2023 $2,307 $37,610 $7,520 $30,090
2022 $2,219 $28,180 $5,630 $22,550
2021 $2,221 $25,950 $5,190 $20,760
2020 $2,252 $24,710 $4,940 $19,770
2019 $2,515 $20,610 $4,120 $16,490
2018 $2,472 $19,410 $3,880 $15,530
2017 $2,415 $17,730 $3,540 $14,190
2016 $1,293 $14,310 $2,860 $11,450
2015 $1,196 $11,260 $2,250 $9,010
Source: Public Records

Agents Affiliated with this Home

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6697232

Arizona Regional Multiple Listing Service (ARMLS)

APN: 111-07-027