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1240 E Mercer Ln; Phoenix, AZ Property Details

1240 E Mercer Ln, Phoenix, AZ is a Single Family that was built in 1962. This property is currently Financed and is not for sale. Our records show that 1240 E Mercer Ln has 2 bathrooms, and a total of 1,120 square feet. The lot size of 1240 E Mercer Ln is 6,117 square feet.

Off market
1240 E Mercer Ln Phoenix, AZ 85020
$7,093 Estimated Value
2 Baths
1,120 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1962
  • Purchase Price: $118,500
  • Open Loans / Balance: 1 / $49,298
  • Est. Equity / %: $318,702 / 86.6%
  • Gross Yield: 5.87%
  • APN: 159-23-027
  • Situs County: Maricopa
  • Length Of Ownership: 23 years, 1 months

Rooms

  • Bathrooms: 2
  • Full Bathrooms: 2
  • Total Rooms: 3

Structure

  • Building Style: Concrete Block
  • Stories: 1
  • Exterior Wall Type: Block
  • Building Condition: Average
  • Building Quality: C
  • Roof Cover Type: Asphalt

Measurements

  • Total: 1,120/SqFt
  • Lot: 6,117/SqFt
  • Gross: 1,263/SqFt
  • Living: 1,120/SqFt
  • Building: 1,120/SqFt
  • Ground: 1,120/SqFt
  • Price Per Square Foot: $105.80

Legal Description

  • Description: PALO VERDE HILLS MCR 89/16
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Paradise Valley Unified District
  • Lat / Lon: 33.585358 / -112.05471
  • Subdivision: Palo Verde Hills
  • Property Class: Residential
  • Zoning: R-6
  • County Use Code: 0131

Amenities

  • Plus Four: 1112
  • Bathroom Fixtures: 6
  • Cooling: Evaporative Cooler
  • Garage: Garage
  • Heating: Forced air unit
  • Parking: 2

HOA

  • H O A One Type: Planned Unit Development

Ownership Info

1240 E Mercer Ln has no associated ownership info
1240 E Mercer Ln has no associated ownership info.

Taxes

1240 E Mercer Ln has 9 associated Taxes items

1240 E Mercer Ln, Phoenix, AZ pays taxes in Maricopa County, AZ. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $7,093. The APN we've located for 1240 E Mercer Ln is 159-23-027.

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Taxes
  • Assessed Value:  $7,093
  • Assessed Year:  2025
  • Assessed County:  Maricopa
  • APN:  159-23-027
  • Market Land Value:  55900
  • Tax Amount:  614.12
  • Tax Year:  2025
  • Market Value:  279700
  • Market Year:  2025

Tax History

1240 E Mercer Ln has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $7,093 Land Value Improvement Value Tax Amount $614.12 Change Rate +0.026236% Assessed CR Tax Rate +0.086581%
Year 2024 Assessed Value $6,755 Land Value Improvement Value Tax Amount $598.42 Change Rate +0.023395% Assessed CR Tax Rate +0.088589%
Year 2023 Assessed Value $24,730 Land Value $4,940 Improvement Value $19,790 Tax Amount $584.74 Change Rate +0.009356% Assessed CR Tax Rate +0.023645%
Year 2022 Assessed Value $19,280 Land Value $3,850 Improvement Value $15,430 Tax Amount $579.32 Change Rate -0.016201% Assessed CR Tax Rate +0.030048%
Year 2021 Assessed Value $16,750 Land Value $3,350 Improvement Value $13,400 Tax Amount $588.86 Change Rate +0.035486% Assessed CR Tax Rate +0.035156%
Year 2020 Assessed Value $15,050 Land Value $3,010 Improvement Value $12,040 Tax Amount $568.68 Change Rate -0.004586% Assessed CR Tax Rate +0.037786%
Year 2019 Assessed Value $12,270 Land Value $2,450 Improvement Value $9,820 Tax Amount $571.3 Change Rate +0.037708% Assessed CR Tax Rate +0.046561%
Year 2018 Assessed Value $10,680 Land Value $2,130 Improvement Value $8,550 Tax Amount $550.54 Change Rate +0.047132% Assessed CR Tax Rate +0.051549%
Year 2017 Assessed Value $9,220 Land Value $1,840 Improvement Value $7,380 Tax Amount $525.76 Change Rate +0.016158% Assessed CR Tax Rate +0.057024%
Year 2016 Assessed Value $8,630 Land Value $1,720 Improvement Value $6,910 Tax Amount $517.4 Change Rate +0.078007% Assessed CR Tax Rate +0.059954%
Year 2015 Assessed Value $7,460 Land Value $1,490 Improvement Value $5,970 Tax Amount $479.96 Change Rate -0.001581% Assessed CR Tax Rate +0.064338%
Year 2014 Assessed Value Land Value Improvement Value Tax Amount $480.72 Change Rate Assessed CR Tax Rate