616 N Ocotillo Ln Unit II Gilbert, AZ 85233
Northwest Gilbert NeighborhoodEstimated Value: $490,266 - $504,000
3
Beds
2
Baths
1,627
Sq Ft
$304/Sq Ft
Est. Value
Highlights
- Vaulted Ceiling
- Spanish Architecture
- Cul-De-Sac
- Playa Del Rey Elementary School Rated A-
- Covered patio or porch
- Eat-In Kitchen
About This Home
As of October 2017Location, location, location! Well maintained and upgraded single-level, 3 bed/2 bath home on a large, Cul-De-Sac lot in the heart of Gilbert, priced to sell! Featuring light, bright and open floor plan with vaulted ceilings, stainless appliances w/island in kitchen w/ample cabinet and pantry space, upgraded flooring, light fixtures and 2-inch blinds throughout. Spacious master bedroom boasts large walk-in closet w/master bathroom featuring dual sinks and large shower. Sliding back door leads to large, low maintenance landscaped backyard complete with a covered patio and space for a pool or large gatherings. Community is close to Downtown Gilbert, schools, restaurants, entertainment, and freeway access. Home is move in ready, welcome home!
Last Agent to Sell the Property
Raintree Properties License #SA639639000 Listed on: 09/01/2017
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,633
Year Built
- Built in 1994
Lot Details
- 7,985 Sq Ft Lot
- Cul-De-Sac
- Block Wall Fence
- Front and Back Yard Sprinklers
- Grass Covered Lot
Parking
- 2 Car Garage
- Garage Door Opener
Home Design
- Spanish Architecture
- Wood Frame Construction
- Tile Roof
- Stucco
Interior Spaces
- 1,627 Sq Ft Home
- 1-Story Property
- Vaulted Ceiling
- Ceiling Fan
- Carpet
Kitchen
- Eat-In Kitchen
- Dishwasher
- Kitchen Island
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
- Dual Vanity Sinks in Primary Bathroom
Laundry
- Laundry in unit
- Dryer
- Washer
Schools
- Playa Del Rey Elementary School
- Mesquite Jr High Middle School
- Mesquite High School
Utilities
- Refrigerated Cooling System
- Heating Available
- High Speed Internet
- Cable TV Available
Additional Features
- No Interior Steps
- Covered patio or porch
Community Details
- Property has a Home Owners Association
- Cayman Sqaure Association, Phone Number (480) 820-3451
- Built by Fulton
- Cayman Square Unit 2 Subdivision
Listing and Financial Details
- Tax Lot 196
- Assessor Parcel Number 302-21-447
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 1, 2017
Closed on
Oct 19, 2017
Sold by
Zhao Chunmei and Chen Haili
Bought by
Chen Haili
Seller's Agent
Tim Colquhoun
Raintree Properties
Buyer's Agent
Grace Tung
JK Realty
List Price
$285,000
Sold Price
$275,000
Premium/Discount to List
-$10,000
-3.51%
Total Days on Market
20
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$219,317
Avg. Annual Appreciation
8.01%
Original Mortgage
$175,000
Outstanding Balance
$148,115
Interest Rate
3.78%
Mortgage Type
New Conventional
Estimated Equity
$347,460
Purchase Details
Listed on
Sep 1, 2017
Closed on
Oct 16, 2017
Sold by
Short Steven and Short Jamie
Bought by
Chen Haili
Seller's Agent
Tim Colquhoun
Raintree Properties
Buyer's Agent
Grace Tung
JK Realty
List Price
$285,000
Sold Price
$275,000
Premium/Discount to List
-$10,000
-3.51%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Outstanding Balance
$148,115
Interest Rate
3.78%
Mortgage Type
New Conventional
Estimated Equity
$347,460
Purchase Details
Closed on
Feb 7, 2005
Sold by
Francis Joseph E
Bought by
Short Steven and Short Jamie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 9, 1994
Sold by
Fulton Homes Corp
Bought by
Francis Joseph E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,503
Interest Rate
9.1%
Mortgage Type
FHA
Purchase Details
Closed on
Sep 13, 1994
Sold by
Francis Kimberly
Bought by
Francis Joseph E
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Chen Haili | -- | Old Republic Title Agency | |
| Chen Haili | $275,000 | Old Republic Title Agency | |
| Short Steven | $220,000 | Capital Title Agency Inc | |
| Francis Joseph E | $99,635 | Security Title Agency | |
| Francis Joseph E | -- | Security Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Chen Haili | $175,000 | |
| Previous Owner | Short Steven | $176,000 | |
| Previous Owner | Short Steven | $176,000 | |
| Previous Owner | Francis Joseph E | $135,000 | |
| Previous Owner | Francis Joseph E | $105,000 | |
| Previous Owner | Francis Joseph E | $98,503 | |
| Closed | Short Steven | $44,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/20/2017 10/20/17 | Sold | $275,000 | -3.5% | $169 / Sq Ft |
| 09/13/2017 09/13/17 | Pending | -- | -- | -- |
| 08/24/2017 08/24/17 | For Sale | $285,000 | -- | $175 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $1,493 | $21,730 | -- | -- |
| 2024 | $1,595 | $20,695 | -- | -- |
| 2023 | $1,595 | $35,360 | $7,070 | $28,290 |
| 2022 | $1,547 | $26,970 | $5,390 | $21,580 |
| 2021 | $1,634 | $25,100 | $5,020 | $20,080 |
| 2020 | $1,609 | $23,200 | $4,640 | $18,560 |
| 2019 | $1,479 | $21,270 | $4,250 | $17,020 |
| 2018 | $1,435 | $19,670 | $3,930 | $15,740 |
| 2017 | $1,665 | $18,220 | $3,640 | $14,580 |
| 2016 | $1,701 | $17,550 | $3,510 | $14,040 |
| 2015 | $1,558 | $16,920 | $3,380 | $13,540 |
Source: Public Records
Agents Affiliated with this Home
-
Tim Colquhoun
T
Seller's Agent in 2017
Tim Colquhoun
Raintree Properties
(480) 577-2800
10 Total Sales
-
Grace Tung
G
Buyer's Agent in 2017
Grace Tung
JK Realty
(480) 835-1518
15 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5654686
APN: 302-21-447
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.
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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