Sales comparison approach using recent sales in Coronado Historic District; adjusted for property size, condition, and recent renovations.
Art Moderne 3BR/2BA on Corner Lot in Coronado District
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.
See the properties helping shape the valuation.
Comparable sales
- 267 SF smaller
- 1 fewer bathroom
- Similar lot size
- 5 years newer
- 137 SF larger
- Similar lot size
- 3 years newer
A 1945 art moderne on 0.17 acres.
Building
Site & utilities
Coronado Historic District
Researched nearby locations
Location
1346 East Palm Lane, Phoenix, AZ 85006
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.
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.
A factual market snapshot around 1346 East Palm Lane.
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.
Single-Family Residence District
Zoning
Research-indicated uses
- Single Family
- Accessory Dwelling Unit
- Home Occupation
Assessment data and recorded transactions.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Tax assessment
Sale history
Rental references from the research record.
Context only—not an investment recommendation or guarantee of achievable rent.
Supporting lease references
- 267 SF smaller
- 1 fewer bathroom
- 137 SF larger
What the research supports — and what is still worth verifying.
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
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm lot dimensions and boundaries
- Verify renovation permits were properly pulled
- Confirm historic overlay restrictions
- Professional home inspection
- Roof condition assessment
What stands out about this property.
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
Sources & research confidence.
See where the property research came from and how confidence varies by field.