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$3,000,000

Beds
6
Baths
7.0
sq ft
5,232

1838 North Palmcroft Way Northwest, Phoenix, AZ 85007

1838 North Palmcroft Way Northwest

Phoenix, AZ 85007

  • 12 days on market
Nestled in the heart of the prestigious Encanto/Palmcroft Historic District, this stunning 1937 home is a masterful blend of timeless charm and contemporary luxury. With a 2018 complete rebuild that honors its historic roots, this 5,200-square-foot residence sits on over 1/3 acre of beautifully landscaped grounds. Offering 5 bedrooms and 4.5 baths in the main house, plus an amazing full guest house/entertaining pavilion, this is truly one of the finest homes ever to hit the market in Encanto/Palmcroft. Enter through the classic foyer to the heart of the home- the stunning open kitchen, featuring a massive center island, built-in banquette, and top-of-the-line appliances. Stacking glass doors open the main living areas to a private patio, seamlessly blending the indoor and outdoor living. The butler's pantry with a built-in beverage refrigerator and separate walk-in pantry both offer additional storage and prep space, making this a perfect home for intimate family time or for hosting large gatherings. The primary suite is truly a private retreat, with its own fireplace, a beautiful bath, sitting room/sun room with French doors to the private pool and yard, and a charming gallery space. A separate dedicated exercise studio offers a private space for workouts, yoga, or spin. The home has an attached 2 car garage plus another gated one-car covered parking area, a workshop and gardening area. Situated on one of the palm-lined circles in one of Phoenix's most desirable neighborhoods, this home offers a fantastic lifestyle with exceptional design, history and charm

Details

Property type

Single Family Residence

Est. home value

$1,264,157

Lot size

0.38 acres

Price per sq ft

$574

Year built

1937

Annual property taxes

$5,992

HOA

No

Price History

01/01/2025
ArizonaRegional

ArizonaRegional #6790527

Listed
$3,000,000
+488.24%
03/29/2017
ArizonaRegional

ArizonaRegional #5471437

Sold
$510,000

Schools & Community

Neighborhood: 

Encanto

Elementary school: 

Kenilworth Elementary School

Middle school: 

Central High School

High school: 

Central High School

Community features: 

Golf, Tennis Court(s)

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

$2,610,862
Asking price
$3,000,000
Closing costs (~8% of asking)
-$240,000
Est. remaining loan balance
-$149,138
Cash to seller
$2,610,862

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

Seller’s Loan History

Lender

Freedom Mortgage Corp

Loan start date

July 2021

Original loan amount

$186,150

Est. remaining balance

$149,138

Interest rate

2.27%

Loan type

VA, 15 year

Seller

David A Kerr and Dena R Kerr

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: 01/12/2025 at 7:20 PM

Listing updated: 01/10/2025 at 12:50 PM

Listed by: R M Joe Bushong, Russ Lyon Sotheby's International Realty Phone #: (480) 287-5200

MLS: ArizonaRegional #6790527

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