NOT LISTED FOR SALE

616 N Ocotillo Ln Unit II Gilbert, AZ 85233

Northwest Gilbert Neighborhood

Estimated Value: $482,104 - $508,000

3 Beds
2 Baths
1,627 Sq Ft
$305/Sq Ft Est. Value

Last Sold October 20, 2017

Last sale price $275,000 $169 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $2,789/month

20 Days on Market

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 2017

Location, 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

Tim Colquhoun

SMPL RE CO LLC License #BR639639000 Listed on: 08/24/2017

Last Buyer's Agent

Grace Tung

JK Realty License #SA630776000

JK Realty

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

HOA Fees

  • $38 Monthly HOA Fees

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
  • Kitchen Island

Bedrooms and Bathrooms

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

Schools

  • Playa Del Rey Elementary School
  • Mesquite Jr High Middle School
  • Mesquite High School

Utilities

  • Central Air
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Covered Patio or Porch

Community Details

  • Association fees include ground maintenance
  • 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

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,633

Year Built

Built in 1994

Lot Details

0

HOA Fees

$38 per month

Parking

2

Listing Details

  • Cross Street: Cooper & Guadalupe
  • Legal Info Range: 5E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 38.0
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1994
  • Tax Year: 2016
  • Directions: West on Guadalupe, South on Valero, West on Cayman Square, East on Tremaine, North on Ocotillo to home.
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.18
  • Subdivision Name: CAYMAN SQUARE UNIT 2
  • Architectural Style: Spanish
  • Property Attached Yn: No
  • Association Fees:HOA Fee2: 38.0
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet
  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Double Vanity, Eat-in Kitchen, No Interior Steps, Vaulted Ceiling(s), Kitchen Island, Pantry, 3/4 Bath Master Bdrm
  • Living Area: 1627.0
  • Stories: 1
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Family Room: Yes

Exterior Features

  • Fencing: Block
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Cul-De-Sac, Grass Front, Grass Back
  • Pool Features: None
  • Pool Private: No
  • Disclosures: Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted
  • Patio And Porch Features: Covered Patio(s)
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Garage Door Opener
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Open Parking Spaces: 2.0
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Association Fee: 38.0
  • Association Fee Frequency: Monthly
  • Association Name: Cayman Sqaure
  • Phone: 480-820-3451
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 113.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Cayman Sqaure
  • Association Fees:HOA Telephone4: 480-820-3451
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $

Fee Information

  • Association Fee Includes: Maintenance Grounds

Schools

  • Elementary School: Playa Del Rey Elementary School
  • High School: Mesquite High School
  • Junior High Dist: Gilbert Unified District
  • Middle Or Junior School: Mesquite Jr High School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 7985.0
  • Parcel #: 302-21-447

Building Info

  • Builder Name: Fulton

Tax Info

  • Tax Annual Amount: 1632.88
  • Tax Book Number: 302.00
  • Tax Lot: 196
  • Tax Map Number: 21.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2017
Closed on
Oct 19, 2017
Sold by
Zhao Chunmei and Chen Haili
Bought by
Chen Haili
Seller's Agent
Tim Colquhoun
SMPL RE CO LLC
Buyer's Agent
Grace Tung
JK Realty
List Price
$285,000
Sold Price
$275,000
Premium/Discount to List
-$10,000
-3.51%
Current Estimated Value
$495,526

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$220,526
Avg. Annual Appreciation
7.66%
Original Mortgage
$175,000
Outstanding Balance
$146,017
Interest Rate
3.78%
Mortgage Type
New Conventional
Estimated Equity
$349,509

Purchase Details

Listed on
Aug 24, 2017
Closed on
Oct 16, 2017
Sold by
Short Steven and Short Jamie
Bought by
Chen Haili
Seller's Agent
Tim Colquhoun
SMPL RE CO LLC
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
$146,017
Interest Rate
3.78%
Mortgage Type
New Conventional
Estimated Equity
$349,509

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
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 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 Francis Joseph E $98,503
Closed Short Steven $44,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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

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 $1,493 $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

  • T

    Seller's Agent in 2017

    Tim Colquhoun

    SMPL RE CO LLC

    (480) 577-2800

    10 Total Sales

    Tim Colquhoun
    Section Image

  • G

    Buyer's Agent in 2017

    Grace Tung

    JK Realty

    (480) 835-1518

    15 Total Sales

    Grace Tung
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5654686

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-21-447

Arizona Maricopa County Gilbert 85233 Northwest Gilbert

616 N Ocotillo Ln Unit II, Gilbert, AZ

This home is located at 616 N Ocotillo Ln Unit II, Gilbert, AZ 85233 since 24 August 2017 and is currently estimated at $495,526, approximately $304 per square foot. This property was built in 1994. 616 N Ocotillo Ln Unit II is a home located in Maricopa County with nearby schools including Playa Del Rey Elementary School, Mesquite High School, and Mesquite 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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