NOT LISTED FOR SALE

1948 W Olive Way Chandler, AZ 85248

Ocotillo Neighborhood

Estimated Value: $495,000 - $551,000

3 Beds
2 Baths
1,892 Sq Ft
$279/Sq Ft Est. Value

Last Sold October 22, 2020

Last sale price $377,620 $200 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $2,940/month

Highlights

  • Golf Course Community
  • Gated Community
  • Contemporary Architecture
  • Jacobson Elementary School Rated A
  • Community Lake
  • Community Pool

About This Home

As of January 2024

3Bed / 2Bath single family home in a Gated Community in Ocotillo Golf Community. This home boast a split plan with a tall ceiling & private yard. Community pool and the walking path is conveniently located.

Last Agent to Rent the Property

Andrew Song

West USA Realty Brokerage Phone: (480) 229-6232 License #SA577826000 Listed on: 11/08/2023

West USA Realty

Last Renter's Agent

Non-MLS Agent

Non-MLS Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,769

Year Built

  • Built in 2002

Lot Details

  • 6,939 Sq Ft Lot
  • Private Streets
  • Desert faces the front and back of the property
  • Block Wall Fence
  • Front and Back Yard Sprinklers

Parking

  • 2 Car Direct Access Garage
  • Shared Driveway

Home Design

  • Contemporary Architecture
  • Wood Frame Construction
  • Tile Roof
  • Built-Up Roof
  • Stucco

Interior Spaces

  • 1,892 Sq Ft Home
  • 1-Story Property
  • Ceiling height of 9 feet or more
  • Gas Fireplace
  • Double Pane Windows

Kitchen

  • Breakfast Bar
  • Built-In Microwave
  • Laminate Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Schools

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

Utilities

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

Additional Features

  • No Interior Steps
  • Covered Patio or Porch

Listing and Financial Details

  • Property Available on 11/11/23
  • $60 Move-In Fee
  • 12-Month Minimum Lease Term
  • $60 Application Fee
  • Tax Lot 37
  • Assessor Parcel Number 303-48-653

Community Details

Overview

  • Property has a Home Owners Association
  • Montefino Village Association, Phone Number (480) 892-5222
  • Built by Meritage Homes
  • Montefino Village Subdivision
  • Community Lake

Recreation

  • Golf Course Community
  • Pickleball Courts
  • Community Pool
  • Community Spa

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,769

Year Built

Built in 2002

Lot Details

0

Parking

2

Rental Info

  • HOA Paid By: Landlord
  • Rent Includes: None
  • Available Date: 2023-11-11

Listing Details

  • Cross Street: Alma School and Ocotillo
  • Legal Info Range: 5E
  • Property Type: Residential Lease
  • Basement: N
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2002
  • Rental Info H O A Name: Montefino Village
  • Non Assistive Animals: Call
  • Rental Info Rental Tax Percent: 1.5
  • Initial Move In Costs Application Fee: 60.0
  • Lease Term Minimum Lease Term Months: 12
  • Directions: West on Ocotillo from Alma School. Turn right(N) on Jacaranda Pkwy to gated entry for Montefino Village on Left(S). Once in the gate, park at the pool and head East(R) to the address.
  • Attribution Contact: (480) 229-6232
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.16
  • Subdivision Name: MONTEFINO VILLAGE
  • Architectural Style: Contemporary
  • Property Attached Yn: No
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Technology:Cable TV Avail: Yes
  • Technology:High Speed Internet Available: Yes
  • Construction:Wood Frame: Yes
  • Community Features:Community Spa2: Yes
  • Community Features:Pickleball: Yes
  • Water Source City Water2: Yes
  • Fireplace Features Gas Fireplace2: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Furnished: Unfurnished
  • Spa Features: None
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Gas Fireplace, 1 Fireplace
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Double Vanity, Breakfast Bar, 9+ Flat Ceilings, No Interior Steps, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub, Laminate Counters
  • Living Area: 1892.0
  • Stories: 1
  • Window Features: Dual Pane
  • Community Features:Community Pool: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features Pantry: Yes
  • Kitchen Features:Laminate Counters: Yes
  • Other Rooms:Family Room: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Gated: Yes
  • Community Features:Lake: Yes
  • Community Features:Golf: Yes
  • Master Bathroom:Double Vanity: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Private Street(s)
  • Lot Features: Desert Back, Desert Front, Irrigation Front, Irrigation Back
  • Disclosures: Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted
  • Patio And Porch Features: Covered Patio(s)
  • Roof: Tile, Built-Up
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Private Street(s): Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Direct Access, Garage Door Opener, Shared Driveway
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features:Dir Entry frm Garage: Yes
  • Parking Features:Electric Door Opener: Yes
  • Parking Features:Shared Driveway: Yes

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas
  • Laundry Features: Dryer Included, Washer Included
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Golf, Pickleball, Lake, Gated, Community Spa, Community Pool
  • Association Name: Montefino Village
  • Phone: 480-892-5222
  • Association: Yes
  • Pets Allowed: Call

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

  • Lot Size Sq Ft: 6939.0
  • Parcel #: 303-48-653

Building Info

  • Builder Name: Meritage Homes

Tax Info

  • Tax Book Number: 303.00
  • Tax Lot: 37
  • Tax Map Number: 48.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 1, 2022
Sold by
Lee and Jongseon
Bought by
Lee Family Trust
Current Estimated Value
$526,924

Purchase Details

Listed on
Sep 22, 2020
Closed on
Oct 12, 2020
Sold by
Woo Harry and Woo Katalina
Bought by
Lee Pungchoo and Lee Jongseon
Seller's Agent
Leah Lichter-Roedig
Coldwell Banker Realty
Buyer's Agent
Jong Won Kim
My Home Group Real Estate
List Price
$383,000
Sold Price
$377,620
Premium/Discount to List
-$5,380
-1.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.75%

Purchase Details

Closed on
Dec 4, 2013
Sold by
Woo Katalina and Slinn Calvin
Bought by
Woo Harry and Woo Katalina

Purchase Details

Closed on
Jun 7, 2007
Sold by
Woo Katalina
Bought by
Woo Katalina and Slinn Calvin

Purchase Details

Closed on
Jun 6, 2002
Sold by
Meritage Homes Arizona Inc
Bought by
Woo Katalina

Purchase Details

Closed on
May 3, 2002
Sold by
Woo Harry
Bought by
Woo Katalina

Purchase Details

Closed on
Sep 27, 2001
Sold by
Taro Properties Arizona I Llc
Bought by
Meritage Homes Construction Inc
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
Lee Family Trust -- Scotts Docs Llc
Lee Pungchoo $377,620 Equity Title Agency Inc
Woo Harry -- Accommodation
Woo Katalina -- Stewart Title & Trust Of Pho
Woo Katalina $187,200 Stewart Title & Trust
Meritage Homes Arizona Inc -- Stewart Title & Trust
Woo Katalina -- Stewart Title & Trust
Meritage Homes Construction Inc $195,000 First American Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2024 01/12/24 Rented $2,525 +1.0% --
01/10/2024 01/10/24 Under Contract -- -- --
01/03/2024 01/03/24 Price Changed $2,500 -2.9% $1 / Sq Ft
12/15/2023 12/15/23 Price Changed $2,575 -2.8% $1 / Sq Ft
12/07/2023 12/07/23 Price Changed $2,650 -0.9% $1 / Sq Ft
12/02/2023 12/02/23 Price Changed $2,675 +2.9% $1 / Sq Ft
12/02/2023 12/02/23 For Rent $2,600 0.0% --
11/27/2023 11/27/23 Off Market $2,600 -- --
11/08/2023 11/08/23 For Rent $2,600 -1.9% --
05/18/2023 05/18/23 Rented $2,650 +1.9% --
05/07/2023 05/07/23 Under Contract -- -- --
04/22/2023 04/22/23 Price Changed $2,600 -3.7% $1 / Sq Ft
04/06/2023 04/06/23 Price Changed $2,700 -3.2% $1 / Sq Ft
03/26/2023 03/26/23 For Rent $2,790 0.0% --
10/22/2020 10/22/20 Sold $377,620 -1.4% $200 / Sq Ft
10/04/2020 10/04/20 Pending -- -- --
09/20/2020 09/20/20 For Sale $383,000 -- $202 / 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 $1,769 $31,533 -- --
2024 $2,373 $30,032 -- --
2023 $2,373 $38,200 $7,640 $30,560
2022 $2,289 $28,410 $5,680 $22,730
2021 $2,399 $27,450 $5,490 $21,960
2020 $2,817 $25,770 $5,150 $20,620
2019 $2,718 $24,170 $4,830 $19,340
2018 $2,641 $22,410 $4,480 $17,930
2017 $2,512 $22,050 $4,410 $17,640
2016 $2,416 $22,980 $4,590 $18,390
2015 $2,327 $22,070 $4,410 $17,660
Source: Public Records

Agents Affiliated with this Home

  • Andrew Song

    Landlord's Agent in 2024

    Andrew Song

    West USA Realty

    (480) 229-6232

    3 in this area

    76 Total Sales

    Andrew Song
    Section Image

  • N

    Tenant's Agent in 2024

    Non-MLS Agent

    Non-MLS Office

  • Dave Messner

    Buyer's Agent in 2023

    Dave Messner

    Realty One Group

    (602) 526-5200

    1 in this area

    113 Total Sales

    Dave Messner
    Section Image

  • J

    Buyer Co-Listing Agent in 2023

    Jared Falk

    Realty One Group

    (480) 315-1240

    1 in this area

    49 Total Sales

    Jared Falk
    Section Image
  • Leah Lichter-Roedig

    Seller's Agent in 2020

    Leah Lichter-Roedig

    Coldwell Banker Realty

    (480) 326-1011

    1 in this area

    6 Total Sales

    Leah Lichter-Roedig
    Section Image
  • Jong Won Kim

    Buyer's Agent in 2020

    Jong Won Kim

    My Home Group

    (805) 259-9712

    3 in this area

    15 Total Sales

    Jong Won Kim
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6627951

Arizona Regional Multiple Listing Service (ARMLS)

APN: 303-48-653

Arizona Maricopa County Chandler 85248 Ocotillo

1948 W Olive Way, Chandler, AZ

This home is located at 1948 W Olive Way, Chandler, AZ 85248 since 08 November 2023 and is currently priced at $526,924. This property was built in 2002. 1948 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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