NOT LISTED FOR SALE

Estimated Value: $830,057 - $934,000

3 Beds
2 Baths
2,100 Sq Ft
$423/Sq Ft Est. Value

Last Sold April 06, 2016

Last sale price $439,000 $209 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $5,372/month

132 Days on Market

Highlights

  • Private Pool
  • RV Gated
  • Waterfront
  • Chandler Traditional Academy Independence Campus Rated A
  • Gated Community
  • Community Lake

About This Home

As of April 2016

This luxury lakefront home is situated in ''The Retreat at Ocotillo Lakes''. This homes unique setting offers both stunning lake front views, as well as privacy for your poolside gatherings. Amenities include, brand new white quartz counter tops, 12 foot ceilings, travertine tile, as well as NEW white-washed French oak floors and classy closets in the bedrooms. The backyard features a pebble-tec pool with waterfall and a flagstone patio. The home has been immaculately maintained by it's original owners.

Last Listed By

Michelle Johnson

eXp Realty License #SA638661000 Listed on: 10/20/2015

eXp Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,739

Year Built

  • Built in 2000

Lot Details

  • 10,082 Sq Ft Lot
  • Waterfront
  • Private Streets
  • Block Wall Fence
  • Corner Lot
  • Sprinklers on Timer
  • Grass Covered Lot

HOA Fees

Parking

  • 2 Car Garage
  • Garage Door Opener
  • RV Gated

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,100 Sq Ft Home
  • 1-Story Property
  • Ceiling height of 9 feet or more
  • Gas Fireplace
  • Double Pane Windows
  • Living Room with Fireplace
  • Security System Owned

Kitchen

  • Eat-In Kitchen
  • Built-In Microwave
  • Dishwasher

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 2 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Low Flow Plumbing Fixtures
  • Bathtub With Separate Shower Stall

Laundry

  • Dryer
  • Washer

Accessible Home Design

  • Accessible Hallway
  • Doors with lever handles
  • No Interior Steps
  • Multiple Entries or Exits
  • Stepless Entry

Outdoor Features

  • Private Pool
  • Covered patio or porch
  • Outdoor Storage

Schools

  • Chandler Traditional Academy - Independence Elementary School
  • Bogle Junior High School
  • Hamilton High School

Utilities

  • Refrigerated Cooling System
  • Heating System Uses Natural Gas
  • Water Softener
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 59
  • Assessor Parcel Number 303-48-380

Community Details

Overview

  • Association fees include ground maintenance, street maintenance
  • Ocotillo Lakes Association, Phone Number (480) 704-2908
  • Pmg Association, Phone Number (480) 829-7400
  • Association Phone (480) 829-7400
  • Built by Edmunds Toll
  • Ocotillo Lakes Parcel Ac Subdivision
  • Community Lake

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,739

Year Built

Built in 2000

Lot Details

0

HOA Fees

$103 per month

Parking

2

Listing Details

  • Cross Street: Alma School & Ocotillo
  • Legal Info Range: 5E
  • Property Type: Residential
  • HOA #2 Name: PMG
  • HOA #2 Phone Number: 480-829-7400
  • HOA #2: Y
  • HOA #3 Fee: 12.0
  • HOA #3 Name: PMG
  • HOA #3 Telephone: 480-829-7400
  • HOA #3 Fee: Y
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 114.5
  • Basement: N
  • Items Updated Floor Yr Updated: 2014
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2000
  • Tax Year: 2014
  • Directions: South on Alma School, west on Lake to Chaparral,left to gate, immediate right on Mead, south on Pecan, Pecan becomes Bartlett Way.
  • Property Sub Type: Single Family - Detached
  • Horses: No
  • Lot Size Acres: 0.23
  • Subdivision Name: OCOTILLO LAKES PARCEL AC
  • Architectural Style: Ranch
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Assessor
  • Association Fees:HOA Fee2: 56.5
  • Special Features: None

Interior Features

  • Flooring: Stone, Wood
  • Spa Features: None
  • Accessibility Features: Zero-Grade Entry, Mltpl Entries/Exits, Lever Handles, Accessible Hallway(s)
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: 1 Fireplace, Living Room, Gas
  • Fireplace: Yes
  • Interior Amenities: Eat-in Kitchen, 9+ Flat Ceilings, No Interior Steps, Soft Water Loop, Pantry, Double Vanity, Full Bth Master Bdrm, Separate Shwr & Tub, High Speed Internet
  • Living Area: 2100.0
  • Stories: 1
  • Window Features: Double Pane Windows
  • Kitchen Features:Dishwasher2: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Fireplace:_one_ Fireplace: Yes
  • Community Features:Gated Community2: Yes
  • Kitchen Features:Disposal2: Yes
  • Kitchen Features:Refrigerator2: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Kitchen Features:Non-laminate Counter: Yes
  • Fireplace:Gas Fireplace: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Kitchen Features:Wall Oven(s): Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Kitchen Features:Cook Top Elec: Yes
  • Fireplace:Fireplace Living Rm: Yes
  • Kitchen Features:Multiple Ovens: Yes
  • Community Features:Lake Subdivision: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Covered Patio(s), Patio, Private Street(s), Storage
  • Lot Features: Corner Lot, Grass Front, Grass Back, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Features: Private
  • Pool Private: Yes
  • Waterfront: Yes
  • Disclosures: Seller Discl Avail
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Storage: Yes
  • Exterior Features:Private Street(s): Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Attch'd Gar Cabinets, Electric Door Opener, Extnded Lngth Garage, RV Gate
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Open Parking Spaces: 2.0
  • Parking Features:Electric Door Opener: Yes
  • Parking Features:Attch_squote_d Gar Cabinets: Yes
  • Parking Features:RV Gate: Yes
  • Parking Features:Extnded Lngth Garage: Yes

Utilities

  • Cooling: Refrigeration
  • Heating: Natural Gas
  • Laundry Features: Dryer Included, Washer Included
  • Security: Security System Owned
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Gated Community, Lake Subdivision
  • Amenities: Management, Rental OK (See Rmks)
  • Association #2 Fee: 46.0
  • Association #2 Fee Frequency: Monthly
  • Association Fee: 56.5
  • Association Fee Frequency: Monthly
  • Association: PMG
  • Association Name: Ocotillo Lakes
  • Association Phone #2: 480-829-7400
  • Phone: 480-704-2908
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Ocotillo Lakes
  • Association Fees:HOA Telephone4: 480-704-2908
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:Street Maint: Yes
  • Association Fees:HOA Paid Frequency 3: Monthly

Fee Information

  • Association Fee Includes: Maintenance Grounds, Street Maint

Schools

  • Elementary School: Chandler Traditional Academy - Independence
  • High School: Hamilton High School
  • Junior High Dist: Chandler Unified District
  • Middle Or Junior School: Bogle Junior High School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10082.0
  • Parcel #: 303-48-380
  • ResoLotSizeUnits: SquareFeet

Green Features

  • Green Water Conservation: Low-Flow Fixtures

Building Info

  • Builder Name: Edmunds Toll

Tax Info

  • Tax Annual Amount: 2739.0
  • Tax Book Number: 303.00
  • Tax Lot: 59
  • Tax Map Number: 48.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2015
Closed on
Mar 29, 2016
Sold by
Morgan Stephen P and Morgan Kelly B
Bought by
Appachu Kariappa M and Appachu Kariappa
Seller's Agent
Michelle Johnson
eXp Realty
Buyer's Agent
Kaushik Sirkar
Real Broker
List Price
$499,000
Sold Price
$439,000
Premium/Discount to List
-$60,000
-12.02%
Total Days on Market
132
Current Estimated Value
$887,264

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$448,264
Avg. Annual Appreciation
8.14%
Original Mortgage
$417,050
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 11, 2000
Sold by
Edmunds Toll Ltd Partnership
Bought by
Morgan Stephen P and Morgan Kelly B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,000
Interest Rate
8%
Mortgage Type
New Conventional

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Appachu Kariappa M $439,000 Lawyers Title Of Arizona Inc
Morgan Stephen P $258,664 Westminster Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Appachu Kariappa M $300,000
Closed Appachu Kariappa $363,650
Closed Appachu Kariappa M $375,890
Closed Appachu Kariappa M $417,050
Previous Owner Morgan Stephen P $318,000
Previous Owner Morgan Stephen P $330,518
Previous Owner Morgan Stephen P $359,650
Previous Owner Morgan Stephen P $89,000
Previous Owner Morgan Stephen P $237,000
Closed Morgan Stephen P $29,651
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/06/2016 04/06/16 Sold $439,000 -6.4% $209 / Sq Ft
02/29/2016 02/29/16 Pending -- -- --
02/19/2016 02/19/16 Price Changed $469,000 -6.0% $223 / Sq Ft
02/13/2016 02/13/16 For Sale $499,000 +13.7% $238 / Sq Ft
12/11/2015 12/11/15 Off Market $439,000 -- --
12/11/2015 12/11/15 For Sale $499,000 0.0% $238 / Sq Ft
12/11/2015 12/11/15 Price Changed $499,000 0.0% $238 / Sq Ft
10/25/2015 10/25/15 Pending -- -- --
10/20/2015 10/20/15 For Sale $499,000 -- $238 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,484 $44,383 -- --
2024 $3,405 $42,270 -- --
2023 $3,405 $62,520 $12,500 $50,020
2022 $3,279 $48,360 $9,670 $38,690
2021 $3,387 $46,670 $9,330 $37,340
2020 $3,365 $44,030 $8,800 $35,230
2019 $3,233 $34,450 $6,890 $27,560
2018 $3,131 $33,020 $6,600 $26,420
2017 $2,918 $32,400 $6,480 $25,920
2016 $2,797 $35,010 $7,000 $28,010
2015 $2,724 $32,680 $6,530 $26,150
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5351404

Arizona Regional Multiple Listing Service (ARMLS)

APN: 303-48-380