$586,000
SOLD DEC 16, 2024

The Cays at Ocotillo 2511 W Queen Creek Rd Unit 418 Chandler, AZ 85248

Ocotillo Neighborhood
3 Beds
3 Baths
1,577 Sq Ft
$529/mo HOA Fee

Recently Sold

$372 Per Sq Ft

3% Below List Price

1 Day on Market

Highlights

  • Fitness Center
  • Unit is on the top floor
  • Mountain View
  • Jacobson Elementary School Rated A
  • Gated Parking
  • Community Lake

About This Home

As of December 2024

This luxury penthouse in the heart of downtown Ocotillo offers resort-style living in a prestigious lake community. Designed for the discerning homeowner, the gourmet kitchen boasts white maple cabinetry, elegant quartz countertops, a spacious pantry, and upgraded KitchenAid stainless steel appliances & lighting. An airy loft area includes a full bathroom and closet, perfect for a private retreat or guest space.
Enjoy two dedicated parking spaces in a gated garage plus storage cage. Unwind on the oversized, north-facing balcony with breathtaking mountain views. The community amenities are unparalleled: a heated pool, spa, boutique fitness center, steam room with lockers and showers, a Club Room, media center, business center, BBQ areas, and cozy firepits. Elevator access in all buildings.
The penthouse's prime location also puts you within walking distance of local restaurants, entertainment, a farmers' market, and much more, making it the ultimate urban oasis.

Last Agent to Sell the Property

Rebecca Smeraldo

Gentry Real Estate Brokerage Phone: 480-390-6129 License #SA103810000 Listed on: 11/15/2024

Gentry Real Estate

Last Buyer's Agent

Angela Fazio

eXp Realty License #BR525989000

eXp Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,396

Year Built

  • Built in 2021

Lot Details

  • Wrought Iron Fence
  • Grass Covered Lot

HOA Fees

Parking

  • 2 Car Garage
  • Garage Door Opener
  • Gated Parking
  • Parking Permit Required
  • Assigned Parking

Home Design

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

Interior Spaces

  • 1,577 Sq Ft Home
  • 4-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Double Pane Windows
  • Low Emissivity Windows
  • Vinyl Clad Windows
  • Tinted Windows

Kitchen

  • Breakfast Bar
  • Electric Cooktop
  • Built-In Microwave
  • Kitchen Island

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom

Home Security

  • Security System Owned
  • Smart Home

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Storage

Location

  • Unit is on the top floor
  • Property is near a bus stop

Schools

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

Utilities

  • Central Air
  • Heating Available
  • Water Softener
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 418
  • Assessor Parcel Number 303-80-471

Community Details

Overview

  • Association fees include roof repair, insurance, sewer, cable TV, ground maintenance, street maintenance, front yard maint, trash, water, roof replacement
  • Ccmc Association, Phone Number (602) 957-9191
  • Ocotillo Community Association, Phone Number (480) 624-7068
  • Association Phone (480) 624-7068
  • High-Rise Condominium
  • Built by Statesman
  • Cays At Downtown Ocotillo Condominium Amd Replat Subdivision, Montecito Plus Loft Floorplan
  • Community Lake

Amenities

  • Theater or Screening Room
  • Recreation Room

Recreation

  • Community Spa
  • Bike Trail

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,396

Year Built

Built in 2021

Lot Details

0

HOA Fees

$529 per month

Parking

2

Listing Details

  • Cross Street: Price Road & Queen Creek RD
  • Legal Info Range: 5E
  • Property Type: Residential
  • Ownership: Condominium
  • Association Fees Community Facilities District: N
  • HOA #2 Name: Ocotillo Community
  • HOA #2 Phone Number: 480-624-7068
  • HOA #2 Transfer Fee: 190.0
  • 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: 529.13
  • Basement: N
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2021
  • Tax Year: 2024
  • Master Model: Montecito Plus Loft
  • Property Sub Type: Apartment
  • Horses: No
  • Lot Size Acres: 0.03
  • Subdivision Name: CAYS AT DOWNTOWN OCOTILLO CONDOMINIUM AMD REPLAT
  • Architectural Style: Contemporary
  • Property Attached Yn: Yes
  • Association Fees:HOA Fee2: 452.13
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Windows:Low-E: Yes
  • Building Style:High Rise: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Kitchen Features:Electric Cooktop: Yes
  • Technology:Smart Home: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Possible Use: None
  • Spa Features: None
  • Appliances: Electric Cooktop
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Smart Home, Double Vanity, Breakfast Bar, 9+ Flat Ceilings, Soft Water Loop, Kitchen Island, 3/4 Bath Master Bdrm
  • Living Area: 1577.0
  • Stories: 4
  • Window Features: Low-Emissivity Windows, Dual Pane, Tinted Windows, Vinyl Frame
  • Community Features:ClubhouseRec Room: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:BikingWalking Path: Yes
  • Community Features:Comm Tennis Court(s): Yes
  • Community Features:Community Pool Htd: Yes
  • Community Features:Community Spa Htd: Yes
  • Community Features:Pickleball Court(s): Yes
  • Community Features:Workout Facility: Yes
  • Kitchen Features:Non-laminate Counter: Yes
  • Community Features:Community Media Room: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Community Features:Near Bus Stop: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Lake: Yes

Exterior Features

  • Fencing: Wrought Iron
  • Exterior Features: Balcony, Storage
  • Lot Features: Grass Front, Grass Back
  • Pool Features: None
  • View: Mountain(s)
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Common Walls: Neighbor Below
  • Construction Type: Stucco, Wood Frame, Painted
  • Patio And Porch Features: Covered Patio(s)
  • Roof: Tile, Built-Up
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Balcony: Yes
  • Exterior Features:Storage: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Gated, Garage Door Opener, Assigned, Permit Required
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features:Assigned Parking: Yes
  • Parking Features:PermitDecal Req_squote_d: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Gated2: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Pickleball, Lake, Community Spa Htd, Community Pool Htd, Near Bus Stop, Community Media Room, Tennis Court(s), Biking/Walking Path, Fitness Center
  • Association #2 Fee: 231.0
  • Association #2 Fee Frequency: Quarterly
  • Association Fee: 452.13
  • Association Fee Frequency: Monthly
  • Association: Ocotillo Community
  • Association Name: The Cays
  • Association Phone #2: 480-624-7068
  • Phone: 602-957-9191
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA DisclosureAddendum Affirmation: Yes
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: The Cays
  • Association Fees:Special Assessment HOA: No
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 1808.52
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Prepaid Association Fees HOA: 904.26
  • Association Fees:Disclosure Fees HOA: 400.0
  • Association Fees:Other Fees HOA: 129.0
  • Association Fees:Other Fees Description: Entertainment Package
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: AAM
  • Association Fees:HOA Management Phone: 602-957-9191
  • Association Fees:HOA Paid Frequency 2: Quarterly
  • Association Fees:Special Assessment HOA 2: No
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fees:Prepaid Association Fees HOA 2: 231.0
  • Association Fee Incl:Front Yard Maint: Yes
  • Association Fee Incl:Street Maint: Yes
  • Association Fee Incl:Roof Repair: Yes
  • Association Fee Incl:Roof Replacement: Yes
  • Association Fee Incl:Blanket Ins Policy: Yes
  • Association Fee Incl:Water6: Yes
  • Association Fee Incl:Sewer6: Yes
  • Association Fee Incl:Garbage Collection2: Yes
  • Association Fees:HOA Management Company 2: CCMC
  • Association Fee Incl:Cable or Satellite: Yes

Fee Information

  • Association Fee Includes: Roof Repair, Insurance, Sewer, Cable TV, Maintenance Grounds, Street Maint, Front Yard Maint, Trash, Water, Roof Replacement

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: 1349.0
  • Parcel #: 303-80-471

Building Info

  • Builder Name: Statesman

Tax Info

  • Tax Annual Amount: 2396.0
  • Tax Book Number: 303.00
  • Tax Lot: 418
  • Tax Map Number: 80.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2024
Closed on
Dec 24, 2024
Sold by
Fazio Angela and Fazio Charles
Bought by
Houses Llc
Seller's Agent
Rebecca Smeraldo
Gentry Real Estate
Buyer's Agent
Angela Fazio
eXp Realty
List Price
$605,000
Sold Price
$586,000
Premium/Discount to List
-$19,000
-3.14%
Views
10
Current Estimated Value
$572,542

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,458
Avg. Annual Appreciation
-2.67%
Original Mortgage
$439,500
Outstanding Balance
$435,997
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$136,545

Purchase Details

Listed on
Nov 15, 2024
Closed on
Dec 6, 2024
Sold by
Rheinheimer Kimberly and Salzman Brian David
Bought by
Fazio Angela and Fazio Charles
Seller's Agent
Rebecca Smeraldo
Gentry Real Estate
Buyer's Agent
Angela Fazio
eXp Realty
List Price
$605,000
Sold Price
$586,000
Premium/Discount to List
-$19,000
-3.14%
Views
10

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$439,500
Outstanding Balance
$435,997
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$136,545

Purchase Details

Closed on
May 26, 2021
Sold by
Salzman Brian David
Bought by
Salzman Brian David and Rheinheimer Kimberly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,925
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 2021
Sold by
The Cays Of Downtown Ocotillo Llc
Bought by
Salzman Brian David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,925
Interest Rate
3%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed -- None Listed On Document
Warranty Deed $586,000 Magnus Title Agency
Interfamily Deed Transfer -- Accommodation
Special Warranty Deed $470,500 Pioneer Title Agency Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $439,500 New Conventional
Previous Owner $399,925 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2024 12/16/24 Sold $586,000 -3.1% $372 / Sq Ft
11/17/2024 11/17/24 Pending -- -- --
11/15/2024 11/15/24 For Sale $605,000 -- $384 / 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 $2,435 $26,040 -- --
2024 $2,350 $24,800 -- --
2023 $2,350 $36,710 $7,340 $29,370
2022 $2,276 $33,080 $6,610 $26,470
2021 $406 $6,420 $6,420 $0
2020 $404 $6,210 $6,210 $0
Source: Public Records

Agents Affiliated with this Home

  • Rebecca Smeraldo

    Seller's Agent in 2024

    Rebecca Smeraldo

    Gentry Real Estate

    (480) 390-6129

    33 in this area

    92 Total Sales

    Rebecca Smeraldo
    Section Image

  • A

    Buyer's Agent in 2024

    Angela Fazio

    eXp Realty

    (480) 570-8070

    2 in this area

    6 Total Sales

    Angela Fazio
    Section Image
  • Chuck Fazio

    Buyer Co-Listing Agent in 2024

    Chuck Fazio

    eXp Realty

    (480) 570-8020

    1 in this area

    2 Total Sales

    Chuck Fazio
    Section Image
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About The Cays at Ocotillo

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6783338

Arizona Regional Multiple Listing Service (ARMLS)

APN: 303-80-471

Arizona Maricopa County Chandler 85248 Ocotillo

2511 W Queen Creek Rd Unit 418, Chandler, AZ

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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