NOT LISTED FOR SALE

Estimated Value: $1,047,000 - $1,055,000

5 Beds
3 Baths
3,036 Sq Ft
$346/Sq Ft Est. Value

Last Sold March 04, 2019

Last sale price $630,000 $208 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $6,443/month

52 Days on Market

Highlights

  • Play Pool
  • Solar Power System
  • 0.29 Acre Lot
  • Chandler Traditional Academy Independence Campus Rated A
  • Gated Community
  • Community Lake

About This Home

As of March 2019

This professionally decorated home sits in the gated community of Laguna Cove. Situated on an oversized N/S exposure cul-de-sac lot this home includes several upgrades (fully paid solar system/wrought iron door/crown molding/gourmet kitchen/custom lighting/surround sound to name a few).The formal living/dining area is decorated as an open entertainment space. Kitchen/family room are remodeled to maximize space. Secondary bathroom & laundry room have been remodeled with granite/tiled shower/new flooring. The spacious master suite has private backyard access and a completely remodeled master bathroom (quartz counter/ glass tile/new cabinets). The large backyard includes pool with water feature/gas fire pit/built-in BBQ/sitting area/grass play area/rock waterfall and extensive hardscape. This home is close to CTA Independence (within one mile radius for admission), Basis, Intel, GM, Wells Fargo, The Village Health Club and shopping. 5kW fully paid solar panel system conveys with home to reduce energy bills by up to ~50%. This home has a new dishwasher, recently updated AC unit, newer flooring, newer water heater & reverse osmosis. There is a pool fence that can be put up when needed. Items not to convey – custom mirrors in master bathroom, curtains & sconces in formal area.

Last Agent to Sell the Property

Kiran Vedantam

Kosh Realty License #BR557655000 Listed on: 12/07/2018

Last Buyer's Agent

Manjeet Bhatia

HomeSmart License #SA654051000

HomeSmart

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,503

Year Built

  • Built in 2003

Lot Details

  • 0.29 Acre Lot
  • Cul-De-Sac
  • Block Wall Fence
  • Sprinklers on Timer
  • Grass Covered Lot

HOA Fees

Parking

  • 3 Car Garage
  • Garage Door Opener

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Concrete Roof
  • Stucco

Interior Spaces

  • 3,036 Sq Ft Home
  • 1-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Fireplace
  • Low Emissivity Windows
  • Security System Owned

Kitchen

  • Gas Cooktop
  • Built-In Microwave
  • Kitchen Island
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Remodeled Bathroom
  • Primary Bathroom is a Full Bathroom
  • 3 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub With Separate Shower Stall

Pool

  • Play Pool
  • Fence Around Pool
  • Pool Pump

Schools

  • Chandler Traditional Academy - Independence Elementary School
  • Bogle Junior High School
  • Hamilton High School

Utilities

  • Refrigerated Cooling System
  • Heating System Uses Natural Gas
  • Water Softener
  • High Speed Internet

Additional Features

  • Solar Power System
  • Fire Pit

Listing and Financial Details

  • Tax Lot 228
  • Assessor Parcel Number 303-90-264

Community Details

Overview

  • Association fees include ground maintenance
  • Balboa Premier Association, Phone Number (480) 704-2900
  • Ocotillo Association, Phone Number (480) 704-2900
  • Association Phone (480) 704-2900
  • Built by T W LEWIS
  • Laguna Cove At Ocotillo Subdivision, Hermosa Floorplan
  • Community Lake

Recreation

  • Bike Trail

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,503

Year Built

Built in 2003

Lot Details

0

HOA Fees

$146 per month

Parking

3

Listing Details

  • Cross Street: Alma School/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: 145.5
  • Basement: N
  • Updated Partial or Full Bathrooms: Partial
  • Bathrooms Year Updated: 2016
  • Updated Floors: Partial
  • Items Updated Floor Yr Updated: 2013
  • Updated Heating or Cooling Units: Partial
  • Items Updated Ht Cool Yr Updated: 2016
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: N
  • Solar Panels Grid: On
  • Solar Panelsk W: 5.0
  • Year Built: 2003
  • Tax Year: 2018
  • Directions: S. on Alma School, W. on Balboa Way, through the gates, L. on Kaibab, R. on Oleander, L. on Prescott, R onto Verbenia Ct
  • Master Model: Hermosa
  • Property Sub Type: Single Family - Detached
  • Horses: No
  • Lot Size Acres: 0.29
  • Subdivision Name: LAGUNA COVE AT OCOTILLO
  • Architectural Style: Ranch
  • Efficiency: Solar Panels
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Assessor
  • Association Fees:HOA Fee2: 89.0
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 5
  • Total Bedrooms: 5
  • Fireplace Features: Fire Pit
  • Fireplace: Yes
  • Interior Amenities: 9+ Flat Ceilings, Soft Water Loop, Kitchen Island, Double Vanity, Full Bth Master Bdrm, Separate Shwr & Tub, High Speed Internet, Granite Counters
  • Living Area: 3036.0
  • Stories: 1
  • Window Features: Low-E
  • Kitchen Features:RangeOven Gas: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Community Features:Gated Community2: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Community Features:BikingWalking Path: Yes
  • Other Rooms:Family Room: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Kitchen Features:Cook Top Gas: Yes
  • Kitchen Features:Gas Stub for Range: Yes
  • Fireplace:Firepit: Yes
  • Community Features:Lake Subdivision: Yes

Exterior Features

  • Fencing: Block
  • Lot Features: Cul-De-Sac, Grass Front, Grass Back, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Features: Play Pool, Variable Speed Pump, Fenced, Private
  • Pool Private: Yes
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile, Concrete
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Attch'd Gar Cabinets, Electric Door Opener
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features:Electric Door Opener: Yes
  • Parking Features:Attch_squote_d Gar Cabinets: Yes

Utilities

  • Cooling: Ceiling Fan(s), Programmable Thmstat, Refrigeration
  • Heating: Natural Gas
  • Security: Security System Owned
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Gated Community, Lake Subdivision, Biking/Walking Path
  • Amenities: Management
  • Association #2 Fee: 56.5
  • Association #2 Fee Frequency: Monthly
  • Association Fee: 89.0
  • Association Fee Frequency: Monthly
  • Association: Ocotillo
  • Association Name: Balboa - Premier
  • Association Phone #2: 480-704-2900
  • Phone: 480-704-2900
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 185.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Balboa - Premier
  • 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_: $

Fee Information

  • Association Fee Includes: Maintenance Grounds

Schools

  • Elementary School: Chandler Traditional Academy - Independence
  • 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: 12627.0
  • Parcel #: 303-90-264
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: T W LEWIS

Tax Info

  • Tax Annual Amount: 4503.0
  • Tax Book Number: 303.00
  • Tax Lot: 228
  • Tax Map Number: 90.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 24, 2023
Sold by
Wadhwani Vandana
Bought by
Bhatia Family Living Trust and Bhatia
Total Days on Market
52
Current Estimated Value
$1,050,424

Purchase Details

Listed on
Dec 7, 2018
Closed on
Feb 20, 2019
Sold by
Bhatia Nikhil Shakerlal and Wadhwani Vandana
Bought by
Wadhwani Vandana
Seller's Agent
Kiran Vedantam
Kosh Realty
Buyer's Agent
Manjeet Bhatia
HomeSmart
List Price
$675,000
Sold Price
$630,000
Premium/Discount to List
-$45,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.22%
Original Mortgage
$504,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Dec 7, 2018
Closed on
Feb 5, 2019
Sold by
Kumar Chetan M and Kumar Divya C
Bought by
Wadhwani Vandana D
Seller's Agent
Kiran Vedantam
Kosh Realty
Buyer's Agent
Manjeet Bhatia
HomeSmart
List Price
$675,000
Sold Price
$630,000
Premium/Discount to List
-$45,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$504,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 4, 2012
Sold by
Kumar Chetan M and Kumar Divya C
Bought by
Kumar Chetan M and Kumar Divya C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,500
Interest Rate
3.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 2012
Sold by
Kumar Chetan M and Kumar Divya C
Bought by
Kumar Chetan M and Kumar Divya C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 13, 2011
Sold by
Kumar Chetan M and Kumar Divya C
Bought by
Kumar Chetan M and Kumar Divya C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,000
Interest Rate
4.09%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Sep 25, 2003
Sold by
Tw Lewis Co
Bought by
Kumar Chetan M and Kumar Divya C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,700
Interest Rate
6.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 2003
Sold by
Taro Properties I Llc
Bought by
T W Lewis Co
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
Bhatia Family Living Trust -- None Listed On Document
Wadhwani Vandana -- Lawyers Title Of Arizona Inc
Wadhwani Vandana D $630,000 Lawyers Title Of Arizona Inc
Kumar Chetan M -- Accommodation
Kumar Chetan M -- Empire West Title Agency
Kumar Chetan M -- Empire West Title Agency
Kumar Chetan M -- Empire West Title Agency
Kumar Chetan M -- None Available
Kumar Chetan M $406,251 Chicago Title Insurance Co
T W Lewis Co $260,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wadhwani Vandana $488,918
Previous Owner Wadhwani Vandana D $495,088
Previous Owner Wadhwani Vandana D $504,000
Previous Owner Kumar Chetan M $266,500
Previous Owner Kumar Chetan M $270,000
Previous Owner Kumar Chetan M $273,000
Previous Owner Kumar Chetan M $322,700
Closed Kumar Chetan M $42,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2019 03/04/19 Sold $630,000 -4.5% $208 / Sq Ft
01/28/2019 01/28/19 Pending -- -- --
01/18/2019 01/18/19 Price Changed $659,900 -2.2% $217 / Sq Ft
01/04/2019 01/04/19 For Sale $675,000 +7.1% $222 / Sq Ft
12/18/2018 12/18/18 Off Market $630,000 -- --
12/07/2018 12/07/18 For Sale $675,000 -- $222 / 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 $5,007 $60,939 -- --
2024 $4,900 $58,038 -- --
2023 $4,900 $72,630 $14,520 $58,110
2022 $4,726 $55,500 $11,100 $44,400
2021 $4,874 $53,460 $10,690 $42,770
2020 $4,844 $50,760 $10,150 $40,610
2019 $4,653 $47,070 $9,410 $37,660
2018 $4,503 $46,420 $9,280 $37,140
2017 $4,194 $45,610 $9,120 $36,490
2016 $4,031 $48,530 $9,700 $38,830
2015 $3,841 $45,020 $9,000 $36,020
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5854897

Arizona Regional Multiple Listing Service (ARMLS)

APN: 303-90-264