Rare opportunity in a remarkable location! Tucked away in a quintessential community of only 14 patio homes adjacent to the sought-after Los Olivos & Alvarado neighborhoods; turning into this private drive feels like entering a secret garden. Enter through custom & secure iron front gate courtyard. Spacious single level 2 bedroom, 2 bath unit with large living room, an extra den/office, plus large functional laundry room with extra storage. This turn-key home has been lovingly updated and well-maintained by the seller. BEAUTIFUL galley-style kitchen with granite countertops, Sub Zero fridge, stainless steel hood, soft close cabinets, and plenty of counter space! Timeless travertine tile floors in all the main spaces. Anderson windows & Doors, TRANE AC. Relax in the large primary suite with its lux ensuite bathroom, ample closet space & steel security screen door to back patio. Enjoy the community pool just a few steps from this unit. Prime central location; walk or bike to work or some of the best restaurants, shopping, entertainment, and museums in downtown Central Phoenix. See this hidden gem before it's gone!
Sold for $570,800
$570,800
361 E PALM Lane, Phoenix, AZ 85004
2beds
2baths
1,684sqft
Single Family Residence
Built in 1969
2,509 Square Feet Lot
$565,000 Zestimate®
$339/sqft
$2,873 Estimated rent
Home value
$565,000
$514,000 - $622,000
$2,873/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Lisa Brown 602-339-3567,
HomeSmart
Bought with:
Carla England, SA641645000
eXp Realty
Source: ARMLS,MLS#: 6874529
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
Heating
- Electric, Natural Gas
Cooling
- Central Air
Features
- Granite Counters, No Interior Steps, Full Bth Master Bdrm
- Flooring: Carpet, Stone, Tile
- Has basement: No
- Has fireplace: Yes
- Fireplace features: Other
- Common walls with other units/homes: Two Common Walls
Interior area
- Total structure area: 1,684
- Total interior livable area: 1,684 sqft
Property
Parking
- Total spaces: 2
- Parking features: Direct Access
- Garage spaces: 2
Features
- Stories: 1
- Patio & porch: Patio
- Spa features: None
- Fencing: Block
Lot
- Size: 2,509 Square Feet
- Features: Desert Back, Desert Front, Grass Front
Details
- Parcel number: 11854073
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Territorial/Santa Fe
- Property subtype: Single Family Residence
- Attached to another structure: Yes
Materials
- Stucco, Painted, Slump Block
- Roof: Tile,Built-Up,Foam
Condition
- Year built: 1969
Utilities & green energy
- Sewer: Public Sewer
- Water: City Water
Community & HOA
Community
- Features: Near Light Rail Stop, Near Bus Stop, Historic District
- Subdivision: 353-371 EAST PALM LANE LOTS 1 THRU 14
HOA
- Has HOA: Yes
- Services included: Pest Control, Trash, Water, Maintenance Exterior
- HOA fee: $330 monthly
- HOA name: Palm Lane Alley HOA
- HOA phone: 480-759-4945
Location
- Region: Phoenix
Financial & listing details
- Price per square foot: $339/sqft
- Tax assessed value: $529,000
- Annual tax amount: $3,484
- Date on market: 6/25/2025
- Cumulative days on market: 16 days
- Listing terms: Cash,Conventional,1031 Exchange,VA Loan
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 8/7/2025 | Sold | $570,800-4.1%$339/sqft |
Source:  ARMLS #6874529 Report a problem | ||
| 7/11/2025 | Pending sale | $595,000$353/sqft |
Source: ARMLS #6874529 Report a problem | ||
| 7/2/2025 | Contingent | $595,000$353/sqft |
Source:  HomeSmart #6874529 Report a problem | ||
| 6/25/2025 | Listed for sale | $595,000-10.5%$353/sqft |
Source: ARMLS #6874529 Report a problem | ||
| 5/30/2024 | Listing removed | $665,000$395/sqft |
Source: ARMLS #6676838 Report a problem | ||
| 3/25/2024 | Listed for sale | $665,000+126.2%$395/sqft |
Source: ARMLS #6676838 Report a problem | ||
| 6/28/2013 | Sold | $294,000+96%$175/sqft |
Source: Public Record Report a problem | ||
| 3/22/2002 | Sold | $150,000$89/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,686 +6.6% | $52,900 -2.1% |
| 2024 | $3,456 +1% | $54,020 +104.3% |
| 2023 | $3,423 +3.1% | $26,439 -20.7% |
| 2022 | $3,320 -1.5% | $33,360 +3.1% |
| 2021 | $3,370 0% | $32,370 -0.3% |
| 2020 | $3,371 +42.6% | $32,470 +7.5% |
| 2019 | $2,363 | $30,210 +17.5% |
| 2018 | $2,363 +3.9% | $25,720 +18.5% |
| 2017 | $2,275 +13.3% | $21,700 +10% |
| 2016 | $2,009 +7.8% | $19,720 +3.5% |
| 2015 | $1,863 | $19,050 +57.2% |
| 2014 | -- | $12,120 +3.1% |
| 2013 | -- | $11,750 -10.3% |
| 2004 | -- | $13,100 |
| 2003 | -- | $13,100 +39.4% |
| 2002 | -- | $9,400 |
Find assessor info on the county website
Neighborhood: Encanto
Nearby homes
- $649,0002 bd2 ba1.5k sqft361 E Palm Ln #A, Phoenix, AZ 85004Off Market
- $600,3003 bd2 ba1.9k sqft359 E Palm Ln, Phoenix, AZ 85004Off Market
- $597,0003 bd2 ba1.9k sqft357 E Palm Ln, Phoenix, AZ 85004Off Market
- $585,5003 bd2 ba1.9k sqft369 E Palm Ln, Phoenix, AZ 85004Off Market
- $524,1002 bd2 ba1.5k sqft371 E Palm Ln, Phoenix, AZ 85004Off Market
- $526,9002 bd2 ba1.5k sqft371 E Palm Ln, Phoenix, AZ 85004Off Market
- $490,500-- bd2 ba1.5k sqft355 E Palm Ln, Phoenix, AZ 85004Off Market
- $521,8002 bd2 ba1.5k sqft355 E Palm Ln, Phoenix, AZ 85004Off Market
Nearby schools
GreatSchools rating
- 8/10Ralph Waldo Emerson Elementary SchoolGrades: PK-8Distance: 0.2 mi
- 3/10Central High SchoolGrades: 9-12Distance: 2.3 mi
Schools provided by the listing agent
- Elementary: Ralph Waldo Emerson Elementary School
- Middle: Ralph Waldo Emerson Elementary School
- High: Central High School
- District: Phoenix Elementary District
Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$565,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$565,000
- Arizona
- Maricopa County
- Phoenix
- 85004
- Encanto
- 361 E PALM Lane
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