$340,000
SOLD JUL 7, 2021

The Cays at Ocotillo 2511 W Queen Creek Rd Unit 116 Chandler, AZ 85248

Ocotillo Neighborhood
1 Bed
1.5 Baths
1,008 Sq Ft
$305/mo HOA Fee

Recently Sold

$337 Per Sq Ft

7% Below List Price

43 Days on Market

Highlights

  • Fitness Center
  • Gated Parking
  • Theater or Screening Room
  • Jacobson Elementary School Rated A
  • Gated Community
  • Heated Community Pool

About This Home

As of July 2021

72 Hour Home Sale! Only 6 months old, quick move in. Would you like to enjoy luxury living at its finest AND feel like you are on a never ending vacation? The Cays at Downtown Ocotillo is literally right across the street from great restaurants, coffee shops, shopping, and walking paths along the canals. It's a great spot for meeting friends or making new ones! Very close to Intel which has announced historic expansion plans to add 3K+ jobs. This exceptionally designed single level condominium within a multi-level condominium building is a MUST SEE. Elevator access from a gated underground parking area w/one assigned spot, bike rack and extra storage. Almost BRAND NEW with over $30K in upgrades, an open, spacious floor plan, large covered balcony facing the quiet greenbelt, and a bright, modern kitchen This split floor plan offers a master suite and a well-hidden Murphy Bed in a separate den/office area. The RESORT offers a beautiful heated pool area with a hot tub, cabanas, BBQ/ kitchens and fire pits! The clubhouse is spectacular with a full indoor kitchen for entertaining as well as a fully equipped gym, yoga studio, shuffleboard, pool, steam rooms and more. It even has a business center for your convenience The entire property has smart technology & high-speed internet. It's a GOLFERS PARADISE here at The Cays. Owners at the Cays can utilize the Ocotillo Golf Club, pro shop and restaurants. This fantastic resort is owned by Phil Michelson and offers rolling hills and tree-lined fairways that is a great alternative to the typical desert courses in the area. The Cays is truly the choice for the discriminating owner! All in all, if you're looking for luxury living at its best, this home should not be missed!

Last Agent to Sell the Property

Stacey Tomasello

Momentum Brokers LLC License #SA623485000 Listed on: 05/03/2021

Co-Listed By

Kristy DeWitz

My Home Group Real Estate License #SA688150000

Last Buyer's Agent

Andi Ravenscroft

Real Broker License #SA678068000

Real Broker

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $404

Year Built

  • Built in 2020

HOA Fees

Parking

  • 1 Car Garage
  • Gated Parking
  • Parking Permit Required
  • Assigned Parking
  • Community Parking Structure

Home Design

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

Interior Spaces

  • 1,008 Sq Ft Home
  • 4-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Tile Flooring

Kitchen

  • Eat-In Kitchen
  • Built-In Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1.5 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom

Accessible Home Design

  • Accessible Hallway
  • Pool Ramp Entry
  • Multiple Entries or Exits
  • Stepless Entry

Schools

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

Utilities

  • Central Air
  • Heating Available
  • Water Softener

Listing and Financial Details

  • Tax Lot 116
  • Assessor Parcel Number 303-80-421

Community Details

Overview

  • Association fees include roof repair, insurance, pest control, ground maintenance, street maintenance, trash, roof replacement, maintenance exterior
  • The Cays At Ocotillo Association, Phone Number (480) 921-7500
  • Ocotillo Association, Phone Number (480) 704-2900
  • Association Phone (480) 704-2900
  • High-Rise Condominium
  • Built by Statesman
  • Cays At Downtown Ocotillo Condominium Amd Replat Subdivision

Amenities

  • Theater or Screening Room
  • Recreation Room

Recreation

  • Community Spa
  • Bike Trail

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$404

Year Built

Built in 2020

Lot Details

0

HOA Fees

$305 per month

Parking

1

Listing Details

  • Cross Street: Queen Creek Road and Dobson
  • Legal Info Range: 5E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2 Name: Ocotillo
  • HOA #2 Phone Number: 480-704-2900
  • 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: 305.0
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 1.0
  • Parking Spaces Total Covered Spaces: 1.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2020
  • Tax Year: 2020
  • Directions: 101 South to Price RD Exit. Continue 3 miles to Queen Creek Rd, Turn Left , 1st Right Turn, 3rd Lt ''The Cays'' marque entrance
  • Property Sub Type: Apartment
  • Horses: No
  • Lot Size Acres: 0.02
  • Co List Office Mls Id: hagu01
  • Co List Office Phone: 480-998-0110
  • Subdivision Name: CAYS AT DOWNTOWN OCOTILLO CONDOMINIUM AMD REPLAT
  • Property Attached Yn: Yes
  • Association Fees:HOA Fee2: 238.0
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Building Style:High Rise: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Special Features: None

Interior Features

  • Flooring: Tile
  • Basement YN: No
  • Spa Features: None
  • Accessibility Features: Zero-Grade Entry, Pool Ramp Entry, Mltpl Entries/Exits, Accessible Hallway(s)
  • Possible Bedrooms: 2
  • Total Bedrooms: 1
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Double Vanity, Eat-in Kitchen, Elevator, Soft Water Loop, 3/4 Bath Master Bdrm
  • Living Area: 1008.0
  • Stories: 4
  • Window Features: Dual Pane
  • Community Features:ClubhouseRec Room: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:BikingWalking Path: Yes
  • Community Features:Community Pool Htd: Yes
  • Community Features:Community Spa Htd: Yes
  • Community Features:Workout Facility: Yes
  • Community Features:Community Media Room: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Gated: Yes

Exterior Features

  • Fencing: None
  • Pool Features: None
  • Disclosures: Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted
  • Roof: Tile, Built-Up
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Gated, Assigned, Community Structure, Permit Required
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Open Parking Spaces: 1.0
  • Parking Features:Assigned Parking: Yes
  • Parking Features:PermitDecal Req_squote_d: Yes
  • Parking Features:Community Structure: Yes
  • Parking Features:Gated2: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Programmable Thmstat
  • Heating: Electric
  • Security: Fire Sprinkler System
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Gated, Community Spa Htd, Community Pool Htd, Community Media Room, Biking/Walking Path, Fitness Center
  • Association #2 Fee: 67.0
  • Association #2 Fee Frequency: Monthly
  • Association Fee: 238.0
  • Association Fee Frequency: Monthly
  • Association: Ocotillo
  • Association Name: The Cays at Ocotillo
  • Association Phone #2: 480-704-2900
  • Phone: 480-921-7500
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 382.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: The Cays at Ocotillo
  • Association Fees:HOA Telephone4: 4809217500
  • 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:Street Maint: Yes
  • Association Fee Incl:Exterior Mnt of Unit: Yes
  • Association Fee Incl:Roof Repair: Yes
  • Association Fee Incl:Roof Replacement: Yes
  • Association Fee Incl:Blanket Ins Policy: Yes
  • Association Fee Incl:Garbage Collection2: Yes
  • Association Fee Incl:Pest Control: Yes

Fee Information

  • Association Fee Includes: Roof Repair, Insurance, Pest Control, Maintenance Grounds, Street Maint, Trash, Roof Replacement, Maintenance Exterior

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: 1008.0
  • Parcel #: 303-80-421

Building Info

  • Builder Name: Statesman

Tax Info

  • Tax Annual Amount: 404.0
  • Tax Book Number: 303.00
  • Tax Lot: 116
  • Tax Map Number: 80.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 11, 2022
Sold by
E & A Ravenscroft Living Trust
Bought by
116 Cays
Current Estimated Value
$394,184

Purchase Details

Listed on
May 3, 2021
Closed on
Jun 9, 2021
Sold by
Clayton Philip
Bought by
Ravenscroft Eric V and Ravenscroft Andi L
Seller's Agent
Stacey Tomasello
Momentum Brokers LLC
Buyer's Agent
Andi Ravenscroft
Real Broker
List Price
$365,000
Sold Price
$340,000
Premium/Discount to List
-$25,000
-6.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.88%
Original Mortgage
$255,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2020
Sold by
The Cays Of Downtown Ocotillo Llc
Bought by
Clayton Phillip

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,954
Interest Rate
2.8%
Mortgage Type
VA
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 Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed $340,000 Lawyers Title Of Arizona Inc
Special Warranty Deed $285,954 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $255,000 New Conventional
Previous Owner $285,954 VA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2022 05/02/22 Rented $1,995 0.0% --
04/21/2022 04/21/22 Off Market $1,995 -- --
03/16/2022 03/16/22 Price Changed $1,995 -5.0% $2 / Sq Ft
02/24/2022 02/24/22 For Rent $2,100 0.0% --
07/07/2021 07/07/21 Sold $340,000 -2.9% $337 / Sq Ft
06/05/2021 06/05/21 Pending -- -- --
05/28/2021 05/28/21 Price Changed $350,000 -4.1% $347 / Sq Ft
04/23/2021 04/23/21 For Sale $365,000 -- $362 / 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 $1,829 $19,876 -- --
2024 $1,496 $18,930 -- --
2023 $1,496 $29,600 $5,920 $23,680
2022 $1,443 $25,250 $5,050 $20,200
2021 $406 $6,420 $6,420 $0
2020 $404 $6,210 $6,210 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Michele Rozansky

    Service Star Realty

    Section Image
  • Sasha Lopez

    Buyer's Agent in 2022

    Sasha Lopez

    Keller Williams Realty Sonoran Living

    (480) 442-7584

    2 in this area

    58 Total Sales

    Section Image
  • Stacey Tomasello

    Seller's Agent in 2021

    Stacey Tomasello

    Momentum Brokers LLC

    (480) 694-5579

    1 in this area

    118 Total Sales

    Section Image
  • Kristy DeWitz

    Seller Co-Listing Agent in 2021

    Kristy DeWitz

    My Home Group Real Estate

    (480) 773-4779

    8 in this area

    535 Total Sales

    Section Image

  • A

    Buyer's Agent in 2021

    Andi Ravenscroft

    Real Broker

    Section Image
  • Eric Ravenscroft

    Buyer Co-Listing Agent in 2021

    Eric Ravenscroft

    Real Broker

    (480) 269-5858

    3 in this area

    80 Total Sales

    Section Image
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About The Cays at Ocotillo

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6228159

Arizona Regional Multiple Listing Service (ARMLS)

APN: 303-80-421

Arizona Maricopa County Chandler 85248 Ocotillo

2511 W Queen Creek Rd Unit 116, Chandler, AZ

This home is located at 2511 W Queen Creek Rd Unit 116, Chandler, AZ 85248 and is currently priced at $340,000, approximately $337 per square foot. This property was built in 2020. 2511 W Queen Creek Rd Unit 116 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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