NOT LISTED FOR SALE

507 W Rio Grande Dr Unit 52 Chandler, AZ 85248

Ocotillo Neighborhood

Estimated Value: $2,295,000 - $4,757,947

0.68 Acre
$5,842,628 Price per Acre
29,621 Sq Ft Lot

Last Sold March 15, 2016

Last sale price $545,000

Est. 629% increase in value since last sale

Current estimated payment $23,674/month

69 Days on Market

Highlights

  • Gated Community
  • Waterfront
  • 0.68 Acre Lot
  • Fulton Elementary School Rated A

About This Lot

As of March 2016

One of the few remaining ready to build waterfront estate lots in Chandler. This particular lot is very rare as it has both water views out the front/side and waterfront in the back. Additionally the slightly irregular lot shape (see photo) allows your architect/builder flexibility and room for creativity in your home design / layout. Bring your architect and explore the possibilities. This can be very special.

Last Agent to Sell the Property

John Groves

Keller Williams Realty Sonoran Living License #SA585777000 Listed on: 12/10/2015

Last Buyer's Agent

Paul Yontz

Berkshire Hathaway HomeServices Arizona Properties License #BR039617000

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,155

Lot Details

  • 0.68 Acre Lot
  • Waterfront

HOA Fees

  • $315 Monthly HOA Fees

Schools

  • Ira A. Fulton Elementary School
  • Bogle Junior High School
  • Hamilton High School

Listing and Financial Details

  • Tax Lot 52
  • Assessor Parcel Number 303-49-509

Community Details

Overview

  • Fulton Ranch Association, Phone Number (480) 345-0046
  • Fulton Ranch Parcel 6 Subdivision

Security

  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$5,155

Lot Details

0

HOA Fees

$315 per month

Listing Details

  • Cross Street: Alma School & Ocotillo
  • Legal Info Range: 5E
  • Property Type: Land
  • Zoning: Single Family
  • Tax Year: 2015
  • Directions: South on Alma School to Fulton Ranch Blvd.East to S Peden Drive. North thru gates. East on Sunshine Pl to Ethan Pl. North to Rio Grande. East to 2nd lot on the right.
  • Lot Size Acres: 0.68
  • Subdivision Name: FULTON RANCH PARCEL 6
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Land Features:Gated Community3: Yes

Exterior Features

  • Lot Features: Waterfront, Gated Community
  • Disclosures: None
  • Land Features:Waterfront: Yes

Utilities

  • Electric: SRP, Underground
  • Water Source: City Franchise

Condo/Co-op/Association

  • Annual HOA Fees: 945.0
  • HOA Paid Frequency: Quarterly
  • HOA Telephone: (480) 345-0046
  • HOA Transfer Fee: 150.0
  • Association Fee: 945.0
  • Association Fee Frequency: Quarterly
  • Association Name: Fulton Ranch
  • Phone: 480-345-0046
  • Association: Yes

Schools

  • Elementary School: Ira A. Fulton Elementary
  • High School: Hamilton High School
  • Middle Or Junior School: Bogle Junior High School

Lot Info

  • Lot Size: Irregular
  • Lot Size Sq Ft: 29473.0
  • Additional Parcels: No
  • Parcel #: 303-49-509
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 5155.0
  • Tax Book Number: 303.00
  • Tax Lot: 52
  • Tax Map Number: 49.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 18, 2019
Sold by
Patel Jayantibhai and Patel Ramila
Bought by
Jrnn Patel Family Lp
Current Estimated Value
$3,972,987

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,500
Interest Rate
3.87%
Mortgage Type
Construction

Purchase Details

Listed on
Dec 10, 2015
Closed on
Mar 1, 2016
Sold by
Mangola Dennis and Mangola Pamela J
Bought by
Patel Jayantibhai and Patel Ramila
Seller's Agent
John Groves
Keller Williams Realty Sonoran Living
Buyer's Agent
Paul Yontz
Berkshire Hathaway HomeServices Arizona Properties
List Price
$550,000
Sold Price
$545,000
Premium/Discount to List
-$5,000
-0.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.99%

Purchase Details

Closed on
Oct 17, 2013
Sold by
Mangola Robert J and Mangola Dennis
Bought by
Mangola Dennis and Mangola Pamela J

Purchase Details

Closed on
Mar 26, 2010
Sold by
Mangola Dennis
Bought by
Mangola Robert J

Purchase Details

Closed on
Sep 25, 2007
Sold by
Fulton Homes Sales Corp
Bought by
Mangola Dennis

Purchase Details

Closed on
Sep 24, 2007
Sold by
Fulton Homes Corp
Bought by
Fulton Homes Sales Corp
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Jrnn Patel Family Lp -- Accommodation
Patel Jayantibhai $545,000 Magnus Title Agency
Mangola Dennis $190,000 Magnus Title Agency
Mangola Robert J -- Accommodation
Mangola Dennis $696,041 The Talon Group Tempe Supers
Fulton Homes Sales Corp $696,041 The Talon Group Tempe Supers
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jrnn Patel Family Limited Part $999,999
Closed Patel Jayantibhai $404,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2016 03/15/16 Sold $545,000 -0.9% --
02/16/2016 02/16/16 Pending -- -- --
12/09/2015 12/09/15 For Sale $550,000 -- --
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 $19,274 $209,467 -- --
2024 $18,904 $199,492 -- --
2023 $18,904 $333,320 $66,660 $266,660
2022 $17,361 $256,110 $51,220 $204,890
2021 $5,957 $106,395 $106,395 $0
2020 $5,924 $98,055 $98,055 $0
2019 $5,717 $64,890 $64,890 $0
2018 $5,554 $55,860 $55,860 $0
2017 $5,218 $49,020 $49,020 $0
2016 $5,040 $52,380 $52,380 $0
2015 $5,155 $49,872 $49,872 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    John Groves

    Keller Williams Realty Sonoran Living

    Section Image

  • P

    Buyer's Agent in 2016

    Paul Yontz

    Berkshire Hathaway HomeServices Arizona Properties

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5371790

Arizona Regional Multiple Listing Service (ARMLS)

APN: 303-49-509

Arizona Maricopa County Chandler 85248 Ocotillo

507 W Rio Grande Dr Unit 52, Chandler, AZ

This home is located at 507 W Rio Grande Dr Unit 52, Chandler, AZ 85248 since 10 December 2015 and is currently estimated at $3,972,987. 507 W Rio Grande Dr Unit 52 is a home located in Maricopa County with nearby schools including Fulton Elementary School, Hamilton High School, and Bogle Junior 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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