Property listing for 1346 East Palm Lane, Phoenix, AZ 85006
For SaleSingle Family Home

$525,000

1346 East Palm Lane, Phoenix, AZ 85006

Art Moderne 3BR/2BA on Corner Lot in Coronado District

3 Bed · 2 Bath · 1,275 Sq Ft

Updated historic home with copper epoxy floors, new roof & ADU potential

3

Beds

2

Baths

1,275

Sq Ft

1945

Built

0.17 acres

Lot

1-car attached

Garage

About 1346 East Palm Lane

This Art Moderne residence at 1346 East Palm Lane stands out immediately for its corner-lot presence and surprising sequence of thoughtful updates. The home’s 1,275 square feet have been refurbished with character-forward choices: copper epoxy cement floors run through the main living areas, the kitchen was modernized with quartz countertops, and major systems were replaced in 2025 with a new built-up roof and a modern HVAC system—reducing near-term maintenance concerns while preserving the home’s historic lines.

Inside, rooms feel distinct without being compartmentalized — a measured layout that suits both everyday living and entertaining. The kitchen’s clean surfaces and updated finishes anchor the home, while two full bathrooms serve three bedrooms comfortably. The one-story plan and level lot make indoor-outdoor access easy; the property’s frontage faces both East Palm Lane and 14th Street, giving it a pronounced street presence and flexible yard space for gardening, play, or an outdoor entertaining area.

Beyond the house itself, this corner parcel—zoned R-6—offers upside for buyers who want options: the lot size and zoning present potential for an accessory dwelling unit (ADU) subject to historic overlay regulations and permitting. For investors, the neighborhood’s rental demand and a local rent estimate near $2,200/month make this a compelling acquisition. For owner-occupants, the Coronado Historic District lifestyle is a defining benefit: short walks to Coronado Park, nearby museums, community events, and a lively mix of cafés and neighborhood shops.

Buyers should note a few due-diligence items identified in research: confirm any historic-district overlay restrictions before planning exterior changes, verify permits for past renovations, and complete a professional home inspection and roof assessment. With recent comparable sales in the immediate block and a listing price aligned to neighborhood trends, this Art Moderne home delivers historic character, recent system upgrades, and practical future potential in one of Phoenix’s most walkable, culturally active districts.

Home Highlights

Move-in ready conditionRecently renovated kitchen with quartz countertopsCopper epoxy cement floorsNew roof and HVAC installed in 2025Corner lot with R-6 zoning and ADU potential1,275 SF single-story Art Moderne home1-car attached garage and drivewayClose walk to Coronado Park and cultural institutions

Property Features

Interior Features

  • 3 bedrooms, 2 full bathrooms
  • Copper epoxy cement floors through main living areas
  • Updated kitchen with quartz countertops
  • One-story layout with defined living and sleeping wings
  • Central air conditioning and electric heating

Exterior & Lot

  • Corner lot: frontage on East Palm Lane and 14th Street
  • 0.17-acre lot (7,296 SF)
  • 1-car attached garage plus driveway parking
  • Built-up roof replaced in 2025
  • Stucco over wood frame construction

Location & Neighborhood

  • Located in Coronado Historic District
  • 0.3 miles to Coronado Park
  • 1.2 miles to Phoenix Art Museum; 1.5 miles to Heard Museum
  • Approximately 2 miles to Downtown Phoenix
  • Historic overlay — exterior changes may require review

Walkability & Recreation

  • Walkability Rating: 75/100 — Some errands on foot
  • Coronado Park and neighborhood green spaces within a short walk
  • Access to local museums, coffee shops, and boutiques
  • Community recreation: neighborhood pool and tennis courts nearby
  • Short drive or bike to downtown cultural and dining options

Neighborhood & Location

Coronado Historic District blends residential charm with cultural energy. Tree-lined streets, periodic community events, and mural art contribute to a neighborhood with strong local identity. Residents enjoy easy access to Coronado Park, a community pool and tennis courts, and a short trip to the Phoenix Art Museum and Heard Museum. The area’s walkability, independent restaurants, and proximity to downtown make it appealing to creatives, professionals, and small-family households seeking an urban-but-neighborhood feel.

Market Insights

Coronado Historic District is currently favoring sellers. Inventory sits around 2.5 months and homes average roughly 30 days on market, conditions that regularly prompt multiple-offer scenarios. Median sale price for the area is near $500,000; one-year appreciation is modest at about 5%, while five-year gains have been stronger (approximately 25%), reflecting steady buyer appetite for historic stock near downtown. Recent nearby comps include sales at $500,000 and $489,000 on the same block; the property at 1346 E Palm Lane listed at $525,000 in early 2026, aligning with the upper end of current comparables and the local price-per-square-foot trends.

Single-family homes in Coronado perform well due to high walkability, proximity to museums and downtown employment centers, and limited inventory. For buyers, this environment means competition—act decisively, bring pre-approval, and be prepared for shorter negotiation timelines. For sellers and investors, the market supports listings that combine authentic historic character with tangible upgrades (new roof/HVAC, modern kitchen) and demonstrable rental potential—the local rental estimate of about $2,200/month supports cash-flow strategies or owner-occupier offset scenarios. Ultimately, disciplined buyers can still find value by focusing on condition, permitted improvements, and zoning opportunities like ADUs.

Nearby Schools

Whittier Elementary School

Elementary

5/10

Phoenix Prep Academy

Middle

N/A

North High School

High

2/10

Walkability & Recreation

75
Walkability
80
Recreation

Excellent neighborhood recreation with Coronado Park 0.3 miles away, easy access to Phoenix Art Museum (1.2 miles) and Heard Museum (1.5 miles), community pool and tennis courts, plus short trips to downtown cultural amenities.

Investment Highlights

  • Recently updated kitchen with quartz countertops and new roof and HVAC system (2025)
  • Located in the Coronado Historic District, known for its eclectic culture and strong sense of community
  • Corner lot with potential for accessory dwelling unit (ADU) development
  • Proximity to downtown Phoenix amenities, including museums and parks
  • Steady appreciation in property values within the neighborhood

Key Findings

  • Recent listing at $525,000 aligns with market expectations
  • Assessed value of $16,585 appears below market value
  • Zoned R-6, allowing for single-family residences and potential ADUs
  • Located in a historic district with potential restrictions on exterior modifications
  • Nearby schools have average to below-average ratings, which may impact family buyer interest

Things to Consider

  • Historic overlay may restrict exterior modifications and additions
  • High school ratings are below average, which may impact family buyer interest
  • Potential for increased maintenance costs due to the property's age

Opportunity Analysis

Well-maintained historic home in a desirable neighborhood with recent renovations and potential for additional development. Strong community appeal and proximity to downtown amenities suggest continued appreciation.

Potential Use Scenarios

  • Potential primary residence in a walkable neighborhood with strong community appeal
  • Opportunity to develop an accessory dwelling unit (ADU) for additional income
  • Investment potential due to steady appreciation in the Coronado Historic District

Risk Factors

  • Historic overlay may restrict exterior modifications
  • Below-average high school ratings may deter some family buyers
  • Potential for increased maintenance costs due to the property's age

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$500K

Midpoint

$525K

High

$550K

$412/SF estimated price per square foot

85% confidence

Sales comparison approach using recent sales in Coronado Historic District; adjusted for property size, condition, and recent renovations.

As of 2026-03-06

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Area Median Price$500,000
Avg Days on Market30 days
Inventory2.5 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)15,000
Median Income (1 mi)$55,000

The Coronado Historic District has seen steady appreciation due to its historic charm and proximity to downtown Phoenix. Walkability Rating estimate: 75/100.

Nearby Points of Interest

  • Coronado Park (0.3 mi)
  • Phoenix Art Museum (1.2 mi)
  • Heard Museum (1.5 mi)
  • Downtown Phoenix (2 mi)

Located in the Coronado Historic District, known for its eclectic culture, walkability, and strong sense of community. Close to parks, museums, and downtown amenities.

School District

DistrictPhoenix Union High School District
ElementaryWhittier Elementary School (5/10)
MiddlePhoenix Prep Academy (N/A)
HighNorth High School (2/10)

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built1945
Constructionstucco over wood frame
Stories1
Roofbuilt-up
Heatingelectric
Coolingcentral air
Basementnone
FireplaceNo
Conditiongood

Lot & Site

Lot Size0.17 acres (7,296 SF)
Topographylevel
Parkingattached_garage_and_driveway
Parking Spaces2
FrontageFrontage on East Palm Lane and 14th Street

Utilities

Watermunicipal
Sewerpublic
ElectricAPS
GasSouthwest Gas

Zoning & Land Use

Zoning CodeR-6
DescriptionSingle-Family Residence District
JurisdictionCity of Phoenix

Allowed Uses

single familyaccessory dwelling unithome occupation
Current Useresidential
Assessor UseSingle Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$16,585
Land$3,315
Improvements$13,270
Annual Tax (2022)$1,053

Sale History

2025-01-30$525,000

$412/SF

Recent sale; potential for investment or business use

2015-08-31$269,500

$211/SF

Significant appreciation over 10 years

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