NOT LISTED FOR SALE

1942 W Olive Way Chandler, AZ 85248

Ocotillo Neighborhood

Estimated Value: $461,868 - $502,000

3 Beds
2 Baths
1,338 Sq Ft
$361/Sq Ft Est. Value

Last Sold February 28, 2023

Last sale price $465,000 $348 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,019/month

3 Days on Market

Highlights

  • Golf Course Community
  • Fitness Center
  • Community Lake
  • Jacobson Elementary School Rated A
  • Gated Community
  • Wood Flooring

About This Home

As of February 2023

WOW! Fantastic Ocotillo location, 100% move-in-ready 3 bedroom, single level, home with no neighbors behind. Perfect lock & leave community with pool, spa, gym, lakes, tennis/pickle ball & club house! Gated neighborhood too! Great room opens to Kitchen/Dining area with wood floors, stainless steel appliances, granite countertops, breakfast bar, & pantry. Privacy wood shutters on most windows! Double French Doors lead to the back patio with stamped concrete & beautiful green landscaping. Add a high-top patio table for golf views over the fence while relaxing. Two car garage with storage & water softener! 2022 New Roof with Transferable Warranty! Walk to Ocotillo Golf Club/Restaurant, minutes to Downtown Ocotillo restaurants, Village Health Club, Chandler Mall, I-10, 101, & 202 Freeways!

Last Agent to Sell the Property

Henry Wang

eXp Realty License #SA552646000 Listed on: 01/26/2023

eXp Realty

Co-Listed By

Kristen Amen

Real Broker License #SA657979000

Last Buyer's Agent

Christian Hill

Jason Mitchell Real Estate License #SA690803000

Jason Mitchell Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,254

Year Built

  • Built in 2002

Lot Details

  • 3,620 Sq Ft Lot
  • Cul-De-Sac
  • Private Streets
  • Desert faces the front and back of the property
  • Block Wall Fence
  • Front and Back Yard Sprinklers

HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener

Home Design

  • Roof Updated in 2022
  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 1,338 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Double Pane Windows

Kitchen

  • Breakfast Bar
  • Built-In Microwave
  • Granite Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

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

Outdoor Features

  • Covered Patio or Porch

Schools

  • Anna Marie Jacobson Elementary School
  • Bogle Junior High School
  • Hamilton High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Water Softener
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 36
  • Assessor Parcel Number 303-48-652

Community Details

Overview

  • Association fees include ground maintenance, (see remarks), street maintenance, front yard maint
  • Premier Mgmt Association, Phone Number (480) 704-2900
  • Premier Association, Phone Number (480) 700-4290
  • Association Phone (480) 700-4290
  • Built by Meritage Homes
  • Montefino Village Subdivision
  • Community Lake

Recreation

  • Golf Course Community
  • Tennis Courts
  • Fitness Center
  • Community Pool
  • Community Spa
  • Bike Trail

Additional Features

  • Recreation Room
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,254

Year Built

Built in 2002

Lot Details

0

HOA Fees

$293 per month

Parking

2

Listing Details

  • Cross Street: Alma School/Ocotillo
  • Legal Info Range: 5E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2 Name: Premier
  • HOA #2 Phone Number: 480-7004-2900
  • HOA #2 Transfer Fee: 190.0
  • HOA #2: Y
  • HOA #3 Fee: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 292.86
  • Basement: N
  • Updated Roof: Full
  • Items Updated Roof Yr Updated: 2022
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2002
  • Tax Year: 2022
  • Directions: From Alma, go west on Ocotillo. North into Jacaranda Pkwy, South on Jojoba Way. Through gate, and take left (east) to second driveway on left (north side of road). #1942
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.08
  • Co List Office Mls Id: xpre18
  • Co List Office Phone: 480-722-9800
  • Subdivision Name: MONTEFINO VILLAGE
  • Property Attached Yn: No
  • Association Fees:HOA Fee2: 216.86
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Community Features:Community Spa2: Yes
  • Water Source City Water: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Wood
  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: 1 Fireplace
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Granite Counters, Double Vanity, See Remarks, Master Downstairs, Breakfast Bar, Soft Water Loop, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub
  • Living Area: 1338.0
  • Stories: 1
  • Window Features: Dual Pane
  • Community Features:ClubhouseRec Room: Yes
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Gas: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:BikingWalking Path: Yes
  • Community Features:Comm Tennis Court(s): Yes
  • Community Features:Community Spa Htd: Yes
  • Community Features:Workout Facility: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Kitchen Features:Non-laminate Counter: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:See Remarks2: Yes
  • Community Features:Gated: Yes
  • Community Features:Lake: Yes
  • Community Features:Golf: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Private Street(s)
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Desert Back, Desert Front, Cul-De-Sac
  • Pool Features: None
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Private Street(s): Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Garage Door Opener, Direct Access
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Open Parking Spaces: 2.0
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Direct Access: Yes

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Golf, Lake, Gated, Community Spa, Community Spa Htd, Community Pool, Tennis Court(s), Biking/Walking Path, Fitness Center
  • Association #2 Fee: 228.0
  • Association #2 Fee Frequency: Quarterly
  • Association Fee: 216.86
  • Association Fee Frequency: Monthly
  • Association: Premier
  • Association Name: Premier Mgmt
  • Association Phone #2: 480-7004-2900
  • Phone: 480-704-2900
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA DisclosureAddendum Affirmation: Yes
  • Association Fees:HOA Transfer Fee2: 400.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Premier Mgmt
  • Association Fees:HOA Telephone4: 480-704-2900
  • Association Fees:Special Assessment HOA: No
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Prepaid Association Fees HOA: 433.72
  • Association Fees:Disclosure Fees HOA: 400.0
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Paid Frequency 2: Quarterly
  • Association Fees:Special Assessment HOA 2: No
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fees:Disclosure Fees HOA 2: 190.0
  • Association Fees:PAD Fee2: 62.0
  • Association Fee Incl:Front Yard Maint: Yes
  • Association Fee Incl:Street Maint: Yes
  • Association Fee Incl:Other (See Remarks)5: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds, Other (See Remarks), Street Maint, Front Yard Maint

Schools

  • Elementary School: Anna Marie Jacobson Elementary School
  • 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: 3620.0
  • Parcel #: 303-48-652

Building Info

  • Builder Name: Meritage Homes

Tax Info

  • Tax Annual Amount: 2254.0
  • Tax Book Number: 303.00
  • Tax Lot: 36
  • Tax Map Number: 48.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2023
Closed on
Feb 28, 2023
Sold by
Jacobson William E
Bought by
Heun Brian John and Heun Cherryl
Seller's Agent
Henry Wang
eXp Realty
Buyer's Agent
Christian Hill
Jason Mitchell Real Estate
List Price
$465,000
Sold Price
$465,000
Views
60
Current Estimated Value
$482,967

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,967
Avg. Annual Appreciation
1.86%
Original Mortgage
$372,000
Outstanding Balance
$361,140
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$126,539

Purchase Details

Closed on
Jul 28, 2010
Sold by
Mehan Michael and Mehan Kristine
Bought by
Jacobson William E

Purchase Details

Closed on
Apr 5, 2005
Sold by
Saunders Katie J
Bought by
Mehan Michael and Mehan Kristine

Purchase Details

Closed on
Aug 13, 2002
Sold by
Meritage Homes Arizona Inc
Bought by
Saunders Katie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,752
Interest Rate
6.52%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Heun Brian John $465,000 Infinity Title
Jacobson William E $185,000 Fidelity Natl Title Ins Co
Mehan Michael $275,000 First American Title Ins Co
Saunders Katie J $157,752 Stewart Title & Trust
Meritage Homes Arizona Inc -- Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heun Brian John $372,000
Previous Owner Saunders Katie J $157,752
Closed Saunders Katie J $19,719
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2023 02/28/23 Sold $465,000 0.0% $348 / Sq Ft
01/29/2023 01/29/23 Pending -- -- --
01/26/2023 01/26/23 For Sale $465,000 -- $348 / 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 $1,982 $25,792 -- --
2024 $1,941 $18,740 -- --
2023 $1,941 $32,450 $6,490 $25,960
2022 $2,254 $23,960 $4,790 $19,170
2021 $2,317 $22,950 $4,590 $18,360
2020 $2,304 $21,230 $4,240 $16,990
2019 $2,223 $19,750 $3,950 $15,800
2018 $2,160 $18,330 $3,660 $14,670
2017 $2,071 $17,820 $3,560 $14,260
2016 $1,994 $18,250 $3,650 $14,600
2015 $1,921 $17,620 $3,520 $14,100
Source: Public Records

Agents Affiliated with this Home

  • Henry Wang

    Seller's Agent in 2023

    Henry Wang

    eXp Realty

    (480) 221-3112

    37 in this area

    258 Total Sales

    Henry Wang
    Section Image
  • Kristen Amen

    Seller Co-Listing Agent in 2023

    Kristen Amen

    Real Broker

    (480) 231-7051

    27 in this area

    93 Total Sales

    Kristen Amen
    Section Image

  • C

    Buyer's Agent in 2023

    Christian Hill

    Jason Mitchell Real Estate

    (602) 761-4600

    2 in this area

    32 Total Sales

    Christian Hill
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6512330

Arizona Regional Multiple Listing Service (ARMLS)

APN: 303-48-652

Arizona Maricopa County Chandler 85248 Ocotillo

1942 W Olive Way, Chandler, AZ

This home is located at 1942 W Olive Way, Chandler, AZ 85248 since 26 January 2023 and is currently estimated at $482,967, approximately $360 per square foot. This property was built in 2002. 1942 W Olive Way is a home located in Maricopa County with nearby schools including Jacobson Elementary School, Hamilton High School, and Bogle Junior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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