111 E Palm Lane A, Phoenix, AZ 85004, Phoenix, 85004 - 2 bed, 2 bath
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Phoenix, AZ 85004
This Mid-Century Modern Cooperative is a Strong Value Opportunity, listed at $339,000—positioned well below the $362,460 Fair Market Value by 6%. This valuation gap provides $23,460 in Instant Equity for the incoming buyer. Boasting a Condition Rating of 3, the residence features a renovated granite kitchen, wood-like flooring, and a private patio. The comprehensive HOA covers property taxes and cooling, simplifying urban living steps from the Phoenix Art Museum. This cash-only acquisition is perfectly suited for mid-century enthusiasts or urban professionals seeking a turnkey sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 111 E Palm Lane A Subject | $339,000* List Price | 2 | 2 | 1,400 | $259 | - |
A 2201 N CENTRAL Avenue 5-E Active | $372,500 List Price | 2 | 2 | 1,250 | $298 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition with significant updates. The kitchen has been recently renovated with granite countertops, subway tile backsplash, and modern cabinetry. The home features new wood-like flooring throughout and updated lighting. While the bathrooms retain their original 1950s vintage tile, they are in pristine, well-maintained condition. Additionally, the unit includes a new air handler, indicating well-maintained major systems.
Situated in the heart of Phoenix, this property offers exceptional walkability to renowned museums, diverse dining options, and cultural attractions, making it ideal for an active city lifestyle.
The home features a perfect blend of 1950s charm and modern luxury, including a renovated granite kitchen, pristine vintage tile work, and high-quality wood-like flooring throughout.
The association fee provides significant value by covering nearly all major ownership costs, including property taxes and air conditioning, simplifying monthly budgeting for the resident.
As a cash-only complex, this property excludes buyers who require traditional mortgage financing, which significantly limits the pool of potential purchasers.
The $1,167 monthly HOA fee is substantially higher than typical residential associations in the area, which may be a deterrent for budget-conscious buyers despite the included utilities.
Beautifully updated and maintained in a mid-century complex nestled in the heart of the City surrounded by restaurants and museums!The spacious great room features a wall of windows with terrific natural light,art wall space and custom lighting. The kitchen has been updated with granite countertops and has cabinet and counter space galore! Both bedrooms have full wall closets and the primary has large arcadia doors to a private patio. Both baths have been amazinlgy maintained with vintage tile in pristine condition.The laundry has a stacked w/d unit & laundry sink.There are plantations shutters and wood like flooring t/o. Even the 1 car garage is pristine! HOA covers nearly ALL of your costs including a/c AND taxes! New air handler in unit. Incredible quality on this cash only complex.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1957 | - | 0% |
| HOA | $1167 | $0 | 0% |
| Days on market | - | - | 0% |
May 1, 2026
$339,000
$348,500
-3% Price Drop
Initial Listing
Apr 3, 2026
$348,500
Initial Listing