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$1,355,000

Beds
3
Baths
2.0
sq ft
1,942

1307 West Palm Lane, Phoenix, AZ 85007

1307 West Palm Lane

Phoenix, AZ 85007

  • 10 days on market
    • Price drop $65,000↓
Nestled in highly sought-after Encanto-Palmcroft, this exquisite Spanish Revival home offers a rare opportunity to own a piece of Phoenix history. Set along picturesque, tree-lined Palm Lane, the property exudes timeless curb appeal, featuring a charming front courtyard and an original arched front door. Inside, the elegant living room features a fireplace, original American oak hardwood floors, and beamed ceilings. Glass doorknobs and original hardware found throughout home. The spacious dining room flows into the upscale kitchen and family room, perfect for entertaining. The kitchen impresses with satin-finished marble countertops, custom Belgian white oak cabinetry, and top-tier appliances, including a BlueStar professional range, Dacor refrigerator, Fisher & Paykel dishwasher, and a Franke sink w/ Grohe fixtures. Thoughtful details like a hand-painted tile backsplash, custom Roman shades, large pantry, Legrand under-cabinet lighting and outlets elevate the space. Manganese-colored fleur-de-lis Saltillo tile floors add warmth, while a breakfast nook is framed by graceful arches and bathed in natural light. The primary suite offers a sitting area, a walk-in closet with custom built-ins, and an en-suite bath featuring an Italian marble double vanity, hand-painted tiles, Kohler and Grohe fixtures. Two additional guest bedrooms provide refined comfort with original oak floors and cedar-lined closets. The guest bath includes a Kohler vintage cast iron tub and Kohler/Grohe fixtures, marble flooring, and hand-painted tile, blending elegance with historic character. Basement features abundant storage, a laundry/utility area, including Rinnai tankless water heater and water softener. The detached garage presents an excellent opportunity for a casita. The home seamlessly blends historic character with modern upgrades. A recent full renovation brought thoughtful improvements, while custom wall grilles from Pacific Register Co. complement the home's Spanish Revival style. In addition, the home features Romex wiring throughout and a structured cable (Cat 6) panel for enhanced connectivity. Exterior Kichler low-voltage lighting adds ambiance to the beautifully landscaped yard. Outside, a large pergola sets the stage for al fresco dining, while the expansive lawn and peaceful side yard provide a serene and relaxing retreat. A truly rare find in one of Phoenix's most desirable neighborhoods!

Details

Property type

Single Family Residence

Est. home value

$822,880

Lot size

8,228 sq ft

Price per sq ft

$698

Year built

1940

Annual property taxes

$2,591

HOA

No

Price History

02/16/2025
ArizonaRegional

ArizonaRegional #6819363

Price change
$1,355,000
-4.58%
02/12/2025
ArizonaRegional

ArizonaRegional #6819363

Listed
$1,420,000
+234.12%
02/13/2017
ArizonaRegional

ArizonaRegional #5451433

Sold
$425,000

Schools & Community

Neighborhood: 

Encanto

Elementary school: 

Kenilworth Elementary School

Middle school: 

Kenilworth Elementary School

High school: 

Central High School

Community features: 

Golf, Tennis Court(s), Playground, Pool, Sidewalks

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

$885,082
Asking price
$1,355,000
Closing costs (~8% of asking)
-$108,400
Est. remaining loan balance
-$361,518
Cash to seller
$885,082

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

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

March 2021

Original loan amount

$396,500

Est. remaining balance

$361,518

Interest rate

2.79%

Loan type

New Conventional, 30 year

Seller

Logan P Laux and Lauren D Laux

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: 02/23/2025 at 2:00 AM

Listing updated: 02/16/2025 at 10:00 AM

Listed by: Michele Wolff, Russ Lyon Sotheby's International Realty Phone #: (480) 287-5200

MLS: ArizonaRegional #6819363

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