NOT LISTED FOR SALE

1961 W Olive Way Chandler, AZ 85248

Ocotillo Neighborhood

Estimated Value: $545,000 - $636,000

5 Beds
2.5 Baths
2,581 Sq Ft
$225/Sq Ft Est. Value

Last Sold April 15, 2022

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

Est. 7% decrease in value since last sale

Current estimated payment $3,273/month

Highlights

  • Golf Course Community
  • Fitness Center
  • Clubhouse
  • Jacobson Elementary School Rated A
  • Gated Community
  • Vaulted Ceiling

About This Home

As of July 2023

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!

Last Agent to Rent the Property

Laurie Parent

AH Properties License #SA515846000 Listed on: 06/03/2023

Last Renter's Agent

Laurie Parent

AH Properties License #SA515846000 Listed on: 06/03/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,255

Year Built

  • Built in 2004

Lot Details

  • 4,265 Sq Ft Lot
  • Cul-De-Sac
  • Desert faces the front and back of the property
  • Block Wall Fence
  • Corner Lot
  • Grass Covered Lot

Parking

  • 2 Car Direct Access Garage

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,581 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Solar Screens

Kitchen

  • Eat-In Kitchen
  • Built-In Microwave
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 2.5 Bathrooms
  • Double Vanity
  • Bathtub With Separate Shower Stall

Laundry

  • Laundry in unit
  • 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

  • Covered Patio or Porch
  • Property is near a bus stop

Listing and Financial Details

  • Property Available on 7/5/23
  • $100 Move-In Fee
  • 12-Month Minimum Lease Term
  • $50 Application Fee
  • Tax Lot 117
  • Assessor Parcel Number 303-48-733

Community Details

Overview

  • Property has a Home Owners Association
  • Montefino Association, Phone Number (480) 892-5222
  • Built by MERITAGE HOMES
  • Montefino Village Subdivision, Toscana Floorplan

Amenities

  • Clubhouse
  • Recreation Room

Recreation

  • Golf Course Community
  • Fitness Center
  • Heated Community Pool
  • Community Spa
  • Bike Trail

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,255

Year Built

Built in 2004

Lot Details

0

Parking

2

Rental Info

  • HOA Paid By: Landlord
  • Available Date: 2023-07-05

Listing Details

  • Cross Street: Alma School and Ocotillo
  • Legal Info Range: 5E
  • Property Type: Residential Lease
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2004
  • Rental Info H O A Name: Montefino
  • Non Assistive Animals: Call
  • Rental Info Rental Tax Percent: 1.5
  • Initial Move In Costs Admin Fee: 100.0
  • Initial Move In Costs Application Fee: 50.0
  • Lease Term Minimum Lease Term Months: 12
  • Directions: W ON OCOTILLO. R ON JOJOBA. WAY THRU GATE SEE CODE ON MLS.....LEFT TO HOME ON RIGHT.
  • Master Model: Toscana
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.1
  • Subdivision Name: MONTEFINO VILLAGE
  • Property Attached Yn: No
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Technology:High Speed Internet Available: Yes
  • Laundry Features Inside: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Water2: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile, Wood
  • Basement YN: No
  • Furnished: Unfurnished
  • Spa Features: None
  • Appliances: Electric Cooktop
  • Possible Bedrooms: 7
  • Total Bedrooms: 5
  • Fireplace Features: No Fireplace
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Double Vanity, Upstairs, Eat-in Kitchen, 9+ Flat Ceilings, Vaulted Ceiling(s), Kitchen Island, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub
  • Living Area: 2581.0
  • Stories: 2
  • Window Features: Solar Screens, Dual Pane
  • Community Features:ClubhouseRec Room: Yes
  • Community Features:Community Pool: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Community Features:BikingWalking Path: Yes
  • Community Features:Community Pool Htd: Yes
  • Community Features:Community Spa Htd: Yes
  • Community Features:Workout Facility: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Great Room: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Community Features:Children_squote_s Playgrnd: Yes
  • Other Rooms:BonusGame Room: Yes
  • Community Features:Near Bus Stop: Yes
  • Other Rooms:Loft: Yes
  • Kitchen Features:Cook Top Elec: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Gated: Yes
  • Community Features:Golf: Yes
  • Master Bathroom:Double Vanity: Yes

Exterior Features

  • Fencing: Block
  • Lot Features: Corner Lot, Desert Back, Desert Front, Cul-De-Sac, Grass Front
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Tile
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes

Garage/Parking

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

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Natural Gas
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Golf, Gated, Community Spa Htd, Community Pool Htd, Community Pool, Near Bus Stop, Biking/Walking Path, Clubhouse, Fitness Center
  • Association Name: Montefino
  • 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: 4265.0
  • Parcel #: 303-48-733

Building Info

  • Builder Name: MERITAGE HOMES

Tax Info

  • Tax Book Number: 303.00
  • Tax Lot: 117
  • Tax Map Number: 48.00

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
$581,836

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$44,164
Avg. Annual Appreciation
-2.10%
Original Mortgage
$469,500
Outstanding Balance
$440,686
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$141,150

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
Tom 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:

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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
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 2008 Trust $469,500
Previous Owner Rajagopalan Ganesh $263,200
Previous Owner Opendoor Homes Phoenix Llc $246,750
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
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 $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

    Landlord's Agent in 2023

    Laurie Parent

    AH Properties

    (602) 863-1500

    1 in this area

    38 Total Sales

    Laurie Parent
    Section Image
  • Randy Courtney

    Seller's Agent in 2022

    Randy Courtney

    Weichert, Realtors - Courtney Valleywide

    (602) 615-6500

    11 in this area

    303 Total Sales

    Randy Courtney
    Section Image

  • K

    Buyer's Agent in 2022

    Kaye Nelson

    Howe Realty

    (602) 909-6513

    87 Total Sales

    Kaye Nelson
    Section Image

  • J

    Seller's Agent in 2016

    Jacqueline Moore

    Opendoor Brokerage, LLC

    Section Image

  • L

    Seller Co-Listing Agent in 2016

    Lisa Soltesz

    Opendoor Brokerage, LLC

    Lisa Soltesz
    Section Image

  • T

    Buyer's Agent in 2016

    Tom Burt

    Home Brokers Realty, Inc.

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6564537

Arizona Regional Multiple Listing Service (ARMLS)

APN: 303-48-733

Arizona Maricopa County Chandler 85248 Ocotillo

1961 W Olive Way, Chandler, AZ

This home is located at 1961 W Olive Way, Chandler, AZ 85248 since 03 June 2023 and is currently priced at $581,836. This property was built in 2004. 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.

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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