NOT LISTED FOR SALE

1961 W Olive Way Chandler, AZ 85248

Ocotillo Neighborhood

Estimated Value: $567,000 - $642,000

5 Beds
3 Baths
2,581 Sq Ft
$232/Sq Ft Est. Value

Last Sold April 15, 2022

Last sale price $626,000 $243 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $3,521/month

About This Home

As of April 2022

SEE PICTURE OF NEW GRANITE COUNTERTOPS INSTALLED THROUGHOUT KITCHEN WITH OVERHANG ON ISLAND & CABINETS ARE GETTING REDONE TO WHITE PAINT!! NEW STOVE RANGE COOKTOP....STUNNING 5 BEDROOM (INCLUDES BONUS ROOM) AND LOFT!!! 2.5 BATH HOME IN GATED COMMUNITY 3 BLOCKS FROM THE NEW INTEL PLANT...2 BEDROOMS DOWNSTAIRS. 3 BEDROOMS WITH LOFT UPSTAIRS SPLIT MASTER. W/SUITE. HARDWOOD FLOORS AND UPGRADED CARPET THROUGHOUT. BACKYARD LOW MAINTENANCE. KITCHEN HAS ISLAND & ALL APPLIANCES ARE INCLUDED. WITH WASHER AND DRYER. THIS IS A LAKE & GOLF COURSE COMMUNITY WITH COMMUNITY POOL AND SPA! CLOSE TO SHOPPING AND EVERYTHING YOU NEED! HOME HAS EVERYTHING!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2022
Closed on
Mar 28, 2022
Sold by
Ganesh Rajagopalan
Bought by
Theodore And Geraldine Reed 2008 Trust
Seller's Agent
Randy Courtney
Weichert, Realtors - Courtney Valleywide
Buyer's Agent
Laurie Parent
AH Properties
List Price
$625,000
Sold Price
$626,000
Premium/Discount to List
$1,000
0.16%
Current Estimated Value
$598,471

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$27,529
Avg. Annual Appreciation
-1.33%
Original Mortgage
$469,500
Outstanding Balance
$443,033
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$156,840

Purchase Details

Listed on
Aug 20, 2015
Closed on
Dec 28, 2015
Sold by
Kumar Rajyashree
Bought by
Rajagopalan Ganesh
Seller's Agent
Jacqueline Moore
Opendoor Brokerage, LLC
Buyer's Agent
Thomas A. Burt
Home Brokers Realty, Inc.
List Price
$335,000
Sold Price
$329,000
Premium/Discount to List
-$6,000
-1.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.91%
Original Mortgage
$263,200
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 5, 2015
Sold by
Opendoor Homes Phoenix Llc
Bought by
Rajagopalan Ganesh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,200
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 28, 2015
Sold by
Stechly Tomasz and Stechly Miroslawa
Bought by
Opendoor Phoenix Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,750
Interest Rate
3.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 9, 2015
Sold by
Opendoor Phoenix Llc
Bought by
Opendoor Homes Phoenix Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,750
Interest Rate
3.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 22, 2004
Sold by
Meritage Homes Arizona Inc
Bought by
Stechly Tomasz and Stechly Miroslawa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,050
Interest Rate
5.64%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Average Value
Not Available
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
Theodore And Geraldine Reed 2008 Trust $626,000 Magnus Title
Rajagopalan Ganesh -- Fidelity Natl Title Agency
Rajagopalan Ganesh $329,000 Fidelity Natl Title Agency
Opendoor Phoenix Llc $329,000 Fidelity Natl Title Agency
Opendoor Homes Phoenix Llc -- Fidelity Natl Title Agency
Stechly Tomasz $228,870 Stewart Title & Trust
Meritage Homes Arizona Inc -- Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Theodore And Geraldine Reed 20 $469,500
Closed Theodore And Geraldine Reed 2008 Trust $469,500
Previous Owner Rajagopalan Ganesh $300,000
Previous Owner Rajagopalan Ganesh $263,200
Previous Owner Opendoor Homes Phoenix Llc $246,750
Previous Owner Stechly Tomasz $163,000
Previous Owner Stechly Tomasz $183,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2023 07/19/23 Rented $2,895 0.0% --
07/17/2023 07/17/23 Under Contract -- -- --
06/03/2023 06/03/23 For Rent $2,895 0.0% --
06/15/2022 06/15/22 Rented $2,895 0.0% --
06/01/2022 06/01/22 Under Contract -- -- --
05/09/2022 05/09/22 For Rent $2,895 0.0% --
05/09/2022 05/09/22 Price Changed $2,895 +3.6% $1 / Sq Ft
05/08/2022 05/08/22 Under Contract -- -- --
05/04/2022 05/04/22 Price Changed $2,795 -3.5% $1 / Sq Ft
04/29/2022 04/29/22 Price Changed $2,895 -3.3% $1 / Sq Ft
04/26/2022 04/26/22 Price Changed $2,995 -3.4% $1 / Sq Ft
04/20/2022 04/20/22 Price Changed $3,100 -5.9% $1 / Sq Ft
04/16/2022 04/16/22 For Rent $3,295 0.0% --
04/15/2022 04/15/22 Sold $626,000 +0.2% $243 / Sq Ft
03/13/2022 03/13/22 Pending -- -- --
03/01/2022 03/01/22 For Sale $625,000 +90.0% $242 / Sq Ft
01/29/2016 01/29/16 Sold $329,000 -1.5% $127 / Sq Ft
11/19/2015 11/19/15 Price Changed $334,000 -0.3% $129 / Sq Ft
08/20/2015 08/20/15 For Sale $335,000 -- $130 / Sq Ft

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 $2,255 $24,509 -- --
2024 $3,301 $23,342 -- --
2023 $3,301 $42,760 $8,550 $34,210
2022 $3,197 $31,600 $6,320 $25,280
2021 $2,847 $30,780 $6,150 $24,630
2020 $2,839 $29,370 $5,870 $23,500
2019 $2,769 $28,400 $5,680 $22,720
2018 $2,681 $27,010 $5,400 $21,610
2017 $2,610 $26,870 $5,370 $21,500
2016 $2,597 $28,800 $5,760 $23,040
2015 $2,529 $26,900 $5,380 $21,520
Source: Public Records

Agents Affiliated with this Home

  • Laurie Parent

    Seller's Agent in 2023

    Laurie Parent

    AH Properties

    (602) 863-1500

    1 in this area

    39 Total Sales

    Laurie Parent
    Section Image
  • Randy Courtney

    Seller's Agent in 2022

    Randy Courtney

    Weichert, Realtors - Courtney Valleywide

    (602) 615-6500

    9 in this area

    301 Total Sales

    Randy Courtney
    Section Image

  • K

    Buyer's Agent in 2022

    Kaye Nelson

    Howe Realty

    (602) 909-6513

    86 Total Sales

    Kaye Nelson
    Section Image
  • Jacqueline Moore

    Seller's Agent in 2016

    Jacqueline Moore

    Opendoor Brokerage, LLC

    (480) 462-5392

    2 in this area

    6,739 Total Sales

    Section Image

  • L

    Seller Co-Listing Agent in 2016

    Lisa Soltesz

    Opendoor Brokerage, LLC

    (720) 594-2727

    Lisa Soltesz
    Section Image
  • Thomas A. Burt

    Buyer's Agent in 2016

    Thomas A. Burt

    Home Brokers Realty, Inc.

    Section Image
See All Agents

Map

Arizona Maricopa County Chandler 85248 Ocotillo

1961 W Olive Way, Chandler, AZ

This home is located at 1961 W Olive Way, Chandler, AZ 85248 and is currently estimated at $598,471, approximately $231 per square foot. 1961 W Olive Way is a home located in Maricopa County with nearby schools including Jacobson Elementary School, Bogle Junior High School, and Hamilton 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.

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