124 E Palm Ln, Phoenix, AZ 85004
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OFF MARKET

124 E Palm Ln
Phoenix, AZ 85004

Encanto
  • 3 Beds
  • 3 Baths
  • 3,304 sqft (on 1.07 acres)

$1,871,600

Trulia Estimate
as of Aug 14, 2026
Est. Refi. Payment $10,346/mo*
Refinance Your Home

$1,871,600

Trulia Estimate
as of Aug 14, 2026
Est. Refi. Payment $10,346/mo*
Refinance Your Home
3 Beds
3 Baths
3,304 sqft
(on 1.07 acres)

Home Value

Trulia Estimate
$1.87M
Since last month
Decreased$51K (-2.7%)
Since last year
Decreased$29K (-1.5%)
Since last sale
Increased$366K (+24.4%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +141% in the last 10 years
MonthEstimated value
2026
August 2026$1.87M
July 2026$1.87M
June 2026$1.92M
May 2026$1.88M
April 2026$1.92M
March 2026$1.93M
February 2026$1.91M
January 2026$1.89M
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
144 W PALM Lane, Phoenix, AZ
0.42
Single-Family Home
$1,150,000
09/10/25
3
3
2,141
313 W HOLLY Street, Phoenix, AZ
0.49
Single-Family Home
$1,299,000
05/07/26
3
3
2,649
79 W CYPRESS Street, Phoenix, AZ
0.39
Single-Family Home
$1,070,000
11/21/25
3
3
1,964
326 W CYPRESS Street, Phoenix, AZ
0.55
Single-Family Home
$1,499,000
06/03/26
3
2.5
3,026
108 W ALMERIA Road W, Phoenix, AZ
0.39
Single-Family Home
$1,125,000
01/05/26
4
3
1,665
69 W LYNWOOD Street, Phoenix, AZ
0.53
Single-Family Home
$1,500,000
06/15/26
5
3.5
3,661
501 W PALM Lane, Phoenix, AZ
0.58
Single-Family Home
$1,290,000
11/24/25
3
3
2,118
2234 N 10TH Street, Phoenix, AZ
0.57
Single-Family Home
$1,074,000
07/14/26
4
3
3,114
34 W VERNON Avenue, Phoenix, AZ
0.42
Single-Family Home
$955,000
04/01/26
3
2
2,090
301 W PALM Lane, Phoenix, AZ
0.46
Single-Family Home
$1,060,000
03/16/26
3
2
1,813

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
2032 N ALVARADO Road, Phoenix, AZ 85004
0.07
$2,200,000
4
4
3,699
For Sale
101 E PALM Lane #C, Phoenix, AZ 85004
0.07
$210,000
2
2
1,450
Recently Sold
103 E PALM Lane #103-A, Phoenix, AZ 85004
0.07
$330,000
2
2
1,500
Recently Sold
123 E Palm Lane #A, Phoenix, AZ 85004
0.06
$465,000
3
2
1,948
Recently Sold
109 E PALM Lane #D, Phoenix, AZ 85004
0.08
$311,400
3
2
1,700
Off Market
109 E PALM Lane #B, Phoenix, AZ 85004
0.08
$315,600
3
2
1,700
Off Market
113 E PALM Lane #C, Phoenix, AZ 85004
0.08
$342,500
2
2
1,400
Off Market
107 E PALM Lane #B, Phoenix, AZ 85004
0.08
$346,600
2
2
1,740
Off Market
111 E Palm Lane #A, Phoenix, AZ 85004
0.08
$324,500
2
2
1,400
Recently Sold
113 E PALM Lane #B, Phoenix, AZ 85004
0.08
$336,800
2
2
1,450
Off Market
111 E PALM Lane #C, Phoenix, AZ 85004
0.08
$368,700
2
2
1,450
Off Market
131 E Palm Lane #B, Phoenix, AZ 85004
0.06
$500,100
3
2
1,948
Off Market

Local Information

  • Map ViewExplore the area around 124 E Palm Ln.
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1930
Lot Size
1.07 acres
Living Area
3,304 sqft
Price/Sqft
$566
Parking
Garage

About this House

Rare opportunity to purchase/rent this classic historic estate located on iconic Palm Lane in downtown Phoenix. Known as the Grunow Residence, this Spanish Revival home has been timelessly updated while still maintaining historic relevance. The chef's kitchen includes high-end Thermador appliances, granite c-tops and shaker-style cabinets w/ a large pantry. Other finishes include restored Hickory and Oak floors, newer Pella windows, dramatic beamed ceilings and gorgeous tile in the bathrooms. The finished basement is ideal for entertaining or family relaxation w/ a wet bar, surround-sound wiring and hand-painted murals (documented by the City of Phoenix) dating back to 1930. The lushly landscaped acre+ irrigated lot is a rare downtown commodity. Located a short walk from the light rail.
124 E Palm Ln, Phoenix, AZ 85004 is a 3 bedroom, 3 bathroom, 3,304 sqft single-family home in Encanto, built in 1930. It last sold for $1,500,000 on Oct 26, 2021. More recently, it was listed as a rental in March 2016 with an asking price of $3,900 per month. That rental listing was removed on April 11, 2016. It is currently off market. The Trulia Estimate is $1,871,600, with a rent estimate of $4,031/month.

Home Details for 124 E Palm Ln

Interior Features

Heating & Cooling
Heating: Other, ElectricAir ConditioningCooling System: RefrigeratorHeating Fuel: Other
Interior Details
Number of Rooms: 8Types of Rooms: Dining RoomCeiling Fan
Appliances & Utilities
DishwasherDryerMicrowaveRefrigeratorWasher
Fireplace & Spa
Fireplace
Levels, Entrance, & Accessibility
Floors: Tile

Exterior Features

Exterior Home Features
Roof: Other, TileExterior: StuccoPatio
Parking & Garage
GarageParking: Garage Attached

Property Information

Year Built
Year Built: 1930
Property Type / Style
Property Type: Single Family HomeArchitecture: Spanish

Community

Units in Building: 1

Lot Information

Lot Area: 1.07 acres

Price and Tax history

DateEventPrice
Oct 26, 2021
Source: ARMLS #6298989
Sold
$1,500,000
Sep 29, 2021
Source: ARMLS #6298989
Pending
$1,390,000
Sep 28, 2021
Source: ARMLS #6298989
ListingRemoved
$1,390,000
Sep 26, 2021
Source: ARMLS #6298989
Listed For Sale
$1,390,000
Mar 17, 2017
Source: N/A
Sold
$948,500

Market trends in Encanto

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$454K
$14.33KMoM
Sale-to-List Price
98.0%
0.2%MoM
Price per sq ft
$326
$15MoM
Available listings
283
1MoM
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Around this home

Neighborhood Overview

Encanto
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Encanto

At least 534 Trulia users voted on each feature.

  • 88 % Say it's dog friendly

  • 84 % Say there are sidewalks

  • 80 % Say car is needed

  • 79 % Say parking is easy

  • 70 % Say yards are well-kept

  • 69 % Say it's walkable to restaurants

  • 68 % Say there's holiday spirit

  • 59 % Say people would walk alone at night

  • 58 % Say streets are well-lit

  • 53 % Say it's quiet

  • 51 % Say they plan to stay for at least 5 years

  • 50 % Say it's walkable to grocery stores

  • 48 % Say kids play outside

  • 46 % Say neighbors are friendly

  • 32 % Say there are community events

  • 23 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.
  • Joan
    "I lived in this house for 4 years and it was a dream. Loved everything about it. It’s a safe neighborhood with great people. The walls are so thick so it’s very quiet. I worried when I moved in that there would be homeless or people walking down the streets (I can from LA) and it never happened. I would sit on the front porch for hours with my dog and it was just the best. Whoever gets this home (and closet!!) will love it. "
    1
    Flag
  • James Harold Bowens Jr.
    "Clear walk paths and not a lot of loose dogs. Plenty of open areas to allow your dog to get exercise. "
    0
    Flag
  • Unknown
    "There are many dog owners in my neighborhood. It is a friendly place for dogs and their owners. There is a landscaped and lit canal walking trail. "
    0
    Flag
  • Ciara Ruiz
    "Ok could be better. Not the greatest. A lot of homelessness. They sneak in to the apartment complex. "
    1
    Flag
  • Trulia User
    "My neighborhood is very close knit, its homes are owned by long term owners. We look out for each other and take pride in are homes. "
    2
    Flag
  • Trulia User
    "its in the desert smack dab downtown almost and close to the airport. its equidistant to almost all outskirts of the valley. its is located by everything that you dont need to travel far. This area is getting renovated and remodeling a lot of houses."
    10
    Flag
  • Trulia User
    "The state fair, of course. Permit parking even if you’re a resident. Having to maintain grass in the desert, and the occasional lovely visit to your porch, by some of the local charming vagrants."
    3
    Flag
  • Trulia User
    "My commute is pretty simple and safe from work to home. Have not encounter any violence in the past 2 years of living in the area "
    0
    Flag
  • Trulia User
    "It’s a very close knit community. Everyone here is helpful and kind. Definitely cannot leave your packages out front, but mostly good otherwise! "
    4
    Flag
  • Trulia User
    "Everyone has fenced yards, but some people walk their dogs, it’s safe to do that during the day or night"
    1
    Flag
  • Trulia User
    "I’ve lived in central Phoenix for over 20 years, it has changed a lot but the neighborhood is still the same in many ways lots of friendly people "
    1
    Flag
  • Trulia User
    "I’ve lived in central Phoenix over 25yrs, it is a great area to live. People are friendly and keep neighborhood nice "
    1
    Flag
  • Trulia User
    "The area is easily accessible to all other areas of the valley and typically it's not far to a bus stop or Lyft is good too. "
    0
    Flag
  • Trulia User
    "having to pick up their dog poop and dogs just running without a leash but they will like to have a dog play round and toys for pets or bathroom spot for dogs and somewhere where the dogs can drink water and rest at. "
    0
    Flag
  • Trulia User
    "Have not seen many community events around. Like the area though. Generally pretty quiet in my area "
    1
    Flag
  • Trulia User
    "This neighborhood is great for those willing to take public transportation. The bus routes are everywhere and very close to the light rail."
    0
    Flag
  • Trulia User
    "Beware of traffic, lots of fast moving traffic! There are car accidents almost daily and drivers seem unaware of what's going on not only in the intersections but also on 16th street and Osborn Rd both ... "
    0
    Flag
  • Trulia User
    "Neighborhood community group activities, neighborhood yard sales, shred events, historic neighborhood, neighborhood first aid & CPR classes. "
    0
    Flag
  • Trulia User
    "Lived here over 20 years, very quiet and safe place to live, friendly fun neighbors who walk their dogs, jog and spend time outside a lot "
    0
    Flag
  • Trulia User
    "Everyone is so friendly and neighbors are awesome there’s so many great things about living in central Phoenix. We all are really nice people we just have so many good neighbors. Everyone watch watches for each other nobody uses profanity on the streets is just so great to live in downtown Phoenix restaurants are always gree with service there is no issues with any restaurants at all. Parts are very clean and we are so close to hiking trails and biking routes"
    0
    Flag
  • Trulia User
    "Lots of long-time families live here. Even though the area isn't that safe, the neighbors at least try to maintain the street and notify one another of packaging. Really good people live in this area and try their best to keep things nice."
    1
    Flag
  • Trulia User
    "Lovely place to live, everyone super nice. Everyone in downtown Phoenix is such a great people. Parks are clean and all people so friendly, love the environment created in the city."
    0
    Flag
  • Chrissie L. A.
    "I have immediate access to the freeway and I have no issues. I work on tempe so the only bottleneck is of course at the tunnel."
    4
    Flag
  • Charlzstevens
    "The community feel is overall great , close enough to downtown without being too deep I’m a fan in general "
    2
    Flag
  • Jasminejohnsonmusic
    "Dogs are on leashes while being walked. No dogs running around as strays. Very dog-friendly community."
    2
    Flag
  • Toni S.
    "I think it’s fine. No issues with dog ownership that I have noticed. Good neighborhood for dogs or any animals "
    4
    Flag
  • Sid M.
    "I live on Osborn and would not have kids off the busy road. Good area over all. It is nice for walks with my dog and family."
    2
    Flag
  • Luanne
    "There are luminarias at Christmas and monthly cocktail parties, plus neighborhood front yard concerts."
    1
    Flag
  • Songnheart71159
    "There are many families in the neighborhood with diversity. It's a great area with accessibility to the museums and downtown nightlife."
    1
    Flag
  • Kirsten
    "I don’t know why I got this survey. Although I had a friend that lived in the neighborhood and loved it and enjoyed visiting. Love the dog park and the bars and restaurants nearby. I live nearby but would love to live in the area if given the opportunity. "
    2
    Flag
  • Sam D.
    "Most people own dogs and you’ll see them walking them. People stop to say hi and give treats. This is a dog friendly neighborhood "
    1
    Flag
  • Dustysusan
    "Many homeless, drug dealing, camping out in alley, going to the bathroom next to dumpsters...& more!"
    3
    Flag
  • Weston A.
    "Midtown is fantastic, things are really great and getting better all the time. We hope to buy here in the very near future, we've rented here for years."
    1
    Flag
  • Sam D.
    "Family neighborhood, quiet, clean, dog friendly, close to downtown, unique houses, a lot of renovation going on which will make the neighborhood better without losing its character"
    0
    Flag
  • Luanne
    "It’s a lovely neighborhood where everyone looks out for one another. It feels like a throwback to another era."
    2
    Flag
  • Tgrady
    "Willo-Encanto District tours, neighborhood crime watch, concerts, and Willo/Encanto quarterly updates/magazine. "
    0
    Flag
  • Keelyinphx
    "Encanto Park and golf course are really nice. Very close to the Fairgrounds. Close to events and nightlife in downtown and midtown."
    0
    Flag
  • Praphul N.
    "it's easy commute any where f on downtown.phoenix to camel back and Biltmore area. With new grocery stores like Sprouts and Safeway things have changed."
    1
    Flag
  • Freshd34
    "Encanto is a good neighborhood for diversity in lifestyle and amenities. There is a lot of parks and shopping centers nearby. An assortment of restaurants are nearby too. The cost of living is not extremely high. Just a good, solid place to live overall"
    0
    Flag
  • Toccara B.
    "Simple and far from complicated, only dislike in this neighborhood is the weird guys who honk at you for walking down the street "
    0
    Flag

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Homes for sale near 124 E Palm Ln

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Off Market Homes Near 124 E Palm Ln

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Frequently asked questions about 124 E Palm Ln

  • What is 124 E Palm Ln estimated to be worth?
    Trulia's estimated value for 124 E Palm Ln in Phoenix, AZ is $1,871,600.
  • What is the price history for 124 E Palm Ln?
    124 E Palm Ln in Phoenix, AZ last sold for $1,500,000 in October 2021.
  • Is Phoenix a buyer's or seller's market?
    Phoenix is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Phoenix?
    The median sale price in Phoenix is $454K. That is down $14.33K from the prior month.
  • Does 124 E Palm Ln have air conditioning?
    Yes, 124 E Palm Ln in Phoenix, AZ has air conditioning.
  • Does 124 E Palm Ln have laundry facilities?
    Yes, 124 E Palm Ln in Phoenix, AZ has in-unit laundry.