NOT LISTED FOR SALE

2050 W Olive Way Chandler, AZ 85248

Ocotillo Neighborhood

Estimated Value: $436,893 - $517,000

2 Beds
2 Baths
1,311 Sq Ft
$370/Sq Ft Est. Value

Last Sold November 01, 2016

Last sale price $241,000 $184 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $3,074/month

177 Days on Market

Highlights

  • Gated Community
  • Clubhouse
  • Community Pool
  • Jacobson Elementary School Rated A
  • Santa Barbara Architecture
  • Tennis Courts

About This Home

As of November 2016

This Meritage Home jewel is located in gated Montefino Village in the Chandler Community of Ocotillo. The kitchen has black appliances, pantry and a breakfast bar. This home has an open concept living area with a bonus room (plantation shutters), Family room and dining area. The large Master Suite includes a bathroom retreat, with double sink vanity, separate large soaking tub and shower, walk in closet and toilet room. The misted outdoor living is accessed through sliding doors from the Living area and Master Suite. Walk or bike to Intel, Orbital, community pool and club house, fine dining and soccer/baseball fields. This is golf living at its finest with the Troon Ocotillo Golf Course nearby. The exclusive Montefino Village features paths, streams, lake and lush mature trees. Washer, dryer and refrigerator included. Ceiling fans throughout. Gas port on back patio for outdoor living.

Last Agent to Sell the Property

Thomas Wright

Coldwell Banker Realty Listed on: 03/21/2016

Last Buyer's Agent

Yue Zhao

Gold Trust Realty License #SA664062000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,624

Year Built

  • Built in 2001

Lot Details

  • 3,735 Sq Ft Lot
  • Desert faces the back of the property
  • Block Wall Fence
  • Misting System
  • Grass Covered Lot

HOA Fees

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Santa Barbara Architecture
  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 1,311 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Built-In Microwave

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 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

  • Refrigerated Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 54
  • Assessor Parcel Number 303-48-670

Community Details

Overview

  • Association fees include ground maintenance, front yard maint
  • Montefino Village Association, Phone Number (480) 704-2900
  • Ocotillo Association, Phone Number (480) 704-2900
  • Association Phone (480) 704-2900
  • Built by Meritage Homes
  • Montefino Village Subdivision, Sienna Floorplan

Amenities

  • Clubhouse
  • Recreation Room

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool
  • Community Spa
  • Bike Trail

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,624

Year Built

Built in 2001

Lot Details

0

HOA Fees

$208 per month

Parking

2

Listing Details

  • Cross Street: Alma School and Ocotillo
  • Legal Info Range: 5E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2 Name: Ocotillo
  • HOA #2 Phone Number: 480-704-2900
  • HOA #2 Transfer Fee: 185.0
  • 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: 207.5
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2001
  • Tax Year: 2015
  • Directions: Go West on Ocotillo from Alma School, turn Right on Jacaranda, then turn Left at the guard house at Jojoba, then an immediate Right on Olive Way.
  • Master Model: Sienna
  • Property Sub Type: Single Family - Detached
  • Horses: No
  • Lot Size Acres: 0.09
  • Subdivision Name: MONTEFINO VILLAGE
  • Architectural Style: Santa Barbara/Tuscan
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Assessor
  • Association Fees:HOA Fee2: 145.0
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 4
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Double Vanity, Full Bth Master Bdrm, Separate Shwr & Tub
  • Living Area: 1311.0
  • Stories: 1
  • Fireplace:No Fireplace: Yes
  • Community Features:ClubhouseRec Room: Yes
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Gas: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Community Features:Gated Community2: Yes
  • Community Features:BikingWalking Path: Yes
  • Community Features:Comm Tennis Court(s): Yes
  • Community Features:Children_squote_s Playgrnd: Yes
  • Other Rooms:BonusGame Room: Yes
  • Community Features:Community Spa: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Covered Patio(s), Misting System, Patio
  • Lot Features: Desert Back, Grass Front
  • Pool Features: None
  • Pool Private: No
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Stucco, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Misting System: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Electric Door Opener
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Open Parking Spaces: 2.0
  • Parking Features:Electric Door Opener: Yes

Utilities

  • Cooling: Refrigeration, Ceiling Fan(s)
  • Heating: Natural Gas
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Gated Community, Community Spa, Community Pool, Tennis Court(s), Playground, Biking/Walking Path, Clubhouse
  • Amenities: Management
  • Association #2 Fee: 62.5
  • Association #2 Fee Frequency: Monthly
  • Association Fee: 145.0
  • Association Fee Frequency: Monthly
  • Association: Ocotillo
  • Association Name: Montefino Village
  • Association Phone #2: 480-704-2900
  • Phone: 480-704-2900
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Montefino Village
  • Association Fees:HOA Telephone4: 480-704-2900
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Paid Frequency 2: Monthly
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:Front Yard Maint: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds, 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: 3735.0
  • Parcel #: 303-48-670
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Meritage Homes

Tax Info

  • Tax Annual Amount: 1624.0
  • Tax Book Number: 303.00
  • Tax Lot: 54
  • Tax Map Number: 48.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 7, 2022
Sold by
Le Quynh Giao
Bought by
Le Quynh Giao and Vu Christina Quynh
Current Estimated Value
$484,723

Purchase Details

Listed on
Mar 21, 2016
Closed on
Oct 25, 2016
Sold by
Lucadamo Virginia R and Garofalo April Anne
Bought by
Zhao Yue and Su Yue
Seller's Agent
Thomas Wright
Coldwell Banker Realty
Buyer's Agent
Yue Zhao
Gold Trust Realty
List Price
$250,000
Sold Price
$241,000
Premium/Discount to List
-$9,000
-3.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.23%
Original Mortgage
$180,750
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 2016
Sold by
Garofalo Robert
Bought by
Garofalo April Anne

Purchase Details

Closed on
Aug 28, 2001
Sold by
Meritage Homes Arizona Inc
Bought by
Lucadamo Alfred A and Lucadamo Virginia R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,600
Interest Rate
7.09%
Mortgage Type
New Conventional
Source: Public Records

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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
Le Quynh Giao -- None Listed On Document
Zhao Yue $241,000 Equity Title Agency
Garofalo April Anne -- None Available
Lucadamo Virginia R -- None Available
Lucadamo Alfred A $145,770 Stewart Title & Trust
Meritage Homes Arizona Inc -- Stewart Title & Trust
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zhao Yue $166,000
Previous Owner Zhao Yue $180,750
Previous Owner Lucadamo Alfred A $138,718
Previous Owner Lucadamo Alfred A $138,000
Previous Owner Lucadamo Alfred A $136,500
Previous Owner Lucadamo Alfred A $116,600
Closed Lucadamo Alfred A $21,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2016 11/01/16 Sold $241,000 -2.8% $184 / Sq Ft
09/01/2016 09/01/16 Price Changed $248,000 -0.8% $189 / Sq Ft
03/21/2016 03/21/16 For Sale $250,000 -- $191 / 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 $25,834 -- --
2024 $2,332 $24,604 -- --
2023 $2,332 $32,520 $6,500 $26,020
2022 $2,258 $24,070 $4,810 $19,260
2021 $2,321 $23,030 $4,600 $18,430
2020 $2,308 $21,320 $4,260 $17,060
2019 $2,227 $19,820 $3,960 $15,860
2018 $2,163 $18,360 $3,670 $14,690
2017 $2,076 $17,860 $3,570 $14,290
2016 $2,002 $18,270 $3,650 $14,620
2015 $1,624 $17,700 $3,540 $14,160
Source: Public Records

Agents Affiliated with this Home

  • Thomas Wright

    Seller's Agent in 2016

    Thomas Wright

    Coldwell Banker Realty

    Section Image
  • Yue Zhao

    Buyer's Agent in 2016

    Yue Zhao

    Gold Trust Realty

    (480) 246-2153

    1 Total Sale

    Yue Zhao
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5420649

Arizona Regional Multiple Listing Service (ARMLS)

APN: 303-48-670

Arizona Maricopa County Chandler 85248 Ocotillo

2050 W Olive Way, Chandler, AZ

This home is located at 2050 W Olive Way, Chandler, AZ 85248 since 21 March 2016 and is currently estimated at $484,723, approximately $369 per square foot. This property was built in 2001. 2050 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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