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$509,500

Beds
2
Baths
1.0
sq ft
780

1002 East Palm Lane, Phoenix, AZ 85006

1002 East Palm Lane

Phoenix, AZ 85006

  • 62 days on market
    • Price drop $10,000↓
Coveted corner lot property in a great location! This delightful 2-bedroom residence welcomes you with an extended driveway, a double gate and an inviting front patio. The living room showcases a soothing palette, blinds for privacy, wood flooring, and a fireplace for relaxing evenings. Culinary adventures await in the eat-in kitchen, equipped with solid surface counters, white shaker cabinets, a subway tile backsplash, SS appliances, and a breakfast bar. Both bedrooms are cozy and well-sized, offering a private retreat with built-in closets. The enchanting backyard is a highlight, boasting an open patio and a sparkling pool for refreshing dips on hot days. Don't miss out on this fantastic opportunity! ''Investors, this is your chance to own a proven Airbnb, that's a guest FAVORITE''

Details

Property type

Single Family Residence

Est. home value

$484,530

Lot size

6,403 sq ft

Price per sq ft

$654

Year built

1925

Annual property taxes

$1,603

HOA

No

Price History

03/25/2025
ArizonaRegional

ArizonaRegional #6812801

Price change
$509,500
-1.92%
03/03/2025
ArizonaRegional

ArizonaRegional #6812801

Price change
$519,500
-0.95%
01/30/2025
ArizonaRegional

ArizonaRegional #6812801

Listed
$524,500
+66.51%

Schools & Community

Neighborhood: 

Encanto

Elementary school: 

Ralph Waldo Emerson Elementary School

Middle school: 

Ralph Waldo Emerson Elementary School

High school: 

North High School

High school district: 

Phoenix Union High School District

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$206,151
Asking price
$509,500
Closing costs (~8% of asking)
-$40,760
Est. remaining loan balance
-$262,589
Cash to seller
$206,151

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Village Capital & Investment Llc

Loan start date

September 2021

Original loan amount

$284,957

Est. remaining balance

$262,589

Interest rate

2.78%

Loan type

FHA, 30 year

Seller

Daniel A Tocora and Antonio Tocora

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 04/03/2025 at 1:45 AM

Listing updated: 03/25/2025 at 12:41 PM

Listed by: Harvey A Hill, West USA Realty Phone #: (602) 942-4200

MLS: ArizonaRegional #6812801

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