NOT LISTED FOR SALE

7121 E Olla Ave Mesa, AZ 85212

Morrison Ranch Neighborhood

Estimated Value: $512,863 - $566,000

5 Beds
3 Baths
1,949 Sq Ft
$281/Sq Ft Est. Value

Last Sold November 17, 2016

Last sale price $309,990 $159 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $3,011/month

25 Days on Market

Highlights

  • Vaulted Ceiling
  • Granite Countertops
  • 2 Car Direct Access Garage
  • Highland Jr High School Rated A-
  • Covered Patio or Porch
  • Double Pane Windows

About This Home

As of November 2016

This beautiful single story home is an Everything Included home built by Lennar. 5 bedrooms, 3 bath, and 2 car garage. Upgraded kitchen with 42'' raised panel cabinets, granite kitchen countertops, stainless steel kitchen appliances, including refrigerator. Upgraded flooring throughout, luxury bath package that includes tiled walk in shower with rain head in masters suite. Located in the popular community of Morrison Ranch near both US60 and Red Mountain 202 freeways. Also in the sought after Gilbert School District!

A PUBLIC REPORT IS AVAILABLE ON THE STATE REAL ESTATE DEPARTMENT'S WEBSITE.

Last Agent to Sell the Property

Dawn Faraci

Lennar Sales Corp License #SA572073000 Listed on: 10/06/2016

Last Buyer's Agent

Nancy Kallas

Treasured Real Estate, LLC License #BR517678000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,954

Year Built

  • Built in 2016

Lot Details

  • 5,750 Sq Ft Lot
  • Block Wall Fence
  • Front Yard Sprinklers
  • Grass Covered Lot

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 1,949 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Double Pane Windows
  • Low Emissivity Windows
  • Vinyl Clad Windows
  • Security System Owned

Kitchen

  • Built-In Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Outdoor Features

  • Covered Patio or Porch

Schools

  • Boulder Creek Elementary - Mesa
  • Highland Jr High Middle School
  • Desert Ridge High School

Utilities

  • Heating System Uses Natural Gas
  • Water Softener
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 24
  • Assessor Parcel Number 312-08-590

Community Details

Overview

  • Property has a Home Owners Association
  • Ccmc Association, Phone Number (480) 921-7500
  • Built by Lennar Homes
  • Desert Place At Morrison Ranch Phase 1 Subdivision, Lewis Floorplan

Recreation

  • Community Playground
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,954

Year Built

Built in 2016

Lot Details

0

Parking

2

Listing Details

  • Cross Street: Power and Guadalupe Road
  • Legal Info Range: 7E
  • Property Type: Residential
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 72.0
  • Basement: N
  • Cooling HVAC SEER Rating: 14
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2016
  • Tax Year: 2016
  • Master Model: Lewis
  • Property Sub Type: Single Family - Detached
  • Lot Size Acres: 0.13
  • Subdivision Name: DESERT PLACE AT MORRISON RANCH PHASE 1
  • Architectural Style: Ranch
  • New Construction: No
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Builder
  • General Property Description:PriceSqFt: 159.05
  • Association Fees:HOA Fee2: 72.0
  • Windows:Dual Pane: Yes
  • Technology:Cable TV Avail: Yes
  • Technology:High Speed Internet Available: Yes
  • Windows:Low-E: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Spa Features: None
  • Total Bedrooms: 5
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Soft Water Loop, Vaulted Ceiling(s), Double Vanity, High Speed Internet, Granite Counters
  • Living Area: 1949.0
  • Stories: 1
  • Window Features: Vinyl Frame, Double Pane Windows, Low Emissivity Windows
  • ResoLivingAreaSource: Builder
  • Fireplace:No Fireplace: Yes
  • Kitchen Features:RangeOven Gas: Yes
  • Kitchen Features:Dishwasher2: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Granite Countertops: Yes
  • Master Bathroom:Double Sinks: Yes
  • Community Features:BikingWalking Path: Yes
  • Kitchen Features:Disposal2: Yes
  • Other Rooms:Great Room: Yes
  • Kitchen Features:Non-laminate Counter: Yes
  • Community Features:Children_squote_s Playgrnd: Yes
  • Kitchen Features:Engy Star (See Rmks)2: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Covered Patio(s)
  • Lot Features: Sprinklers In Front, Grass Front
  • Pool Features: None
  • Disclosures: Seller Discl Avail
  • Home Warranty: Yes
  • Construction Type: Painted, Stucco, Frame - Wood
  • Property Condition: Complete Spec Home
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Construction Status:Complete Spec Home: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Dir Entry frm Garage, Electric Door Opener
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features:Dir Entry frm Garage: Yes
  • Parking Features:Electric Door Opener: Yes

Utilities

  • Cooling: Programmable Thmstat
  • Heating: Natural Gas
  • Laundry Features: Inside, Wshr/Dry HookUp Only
  • Security: Security System Owned
  • Water Source: City Water
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: Playground, Biking/Walking Path
  • Amenities: Management
  • Association Fee Frequency: Monthly
  • Association Name: Desert Place at MR
  • Phone: 480-921-7500
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 100.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Desert Place at MR
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: CCMC
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $

Schools

  • Elementary School: Boulder Creek Elementary - Mesa
  • High School: Desert Ridge High
  • Middle Or Junior School: Highland Jr High School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 5750.0
  • Parcel #: 312-08-590
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Lennar Homes

Tax Info

  • Tax Annual Amount: 1953.76
  • Tax Book Number: 312.00
  • Tax Lot: 24
  • Tax Map Number: 8.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2016
Closed on
Nov 8, 2016
Sold by
Lennar Arizona Inc
Bought by
Foster Thomas S and Foster Margaret R
Seller's Agent
Dawn Faraci
Lennar Sales Corp
Buyer's Agent
Nancy Kallas
Treasured Real Estate, LLC
List Price
$313,990
Sold Price
$309,990
Premium/Discount to List
-$4,000
-1.27%
Current Estimated Value
$546,966

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$236,976
Avg. Annual Appreciation
6.42%
Original Mortgage
$247,992
Outstanding Balance
$199,095
Interest Rate
3.42%
Mortgage Type
New Conventional
Estimated Equity
$347,871
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Foster Thomas S $309,990 North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Foster Thomas S $247,992
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2016 11/17/16 Sold $309,990 0.0% $159 / Sq Ft
10/30/2016 10/30/16 Pending -- -- --
10/17/2016 10/17/16 Off Market $309,990 -- --
10/05/2016 10/05/16 For Sale $313,990 -- $161 / 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 $1,752 $23,658 -- --
2024 $1,700 $22,531 -- --
2023 $1,700 $38,280 $7,650 $30,630
2022 $1,659 $30,170 $6,030 $24,140
2021 $1,797 $28,830 $5,760 $23,070
2020 $1,765 $26,910 $5,380 $21,530
2019 $1,636 $25,020 $5,000 $20,020
2018 $1,557 $23,010 $4,600 $18,410
2017 $1,509 $21,350 $4,270 $17,080
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    Dawn Faraci

    Lennar Sales Corp

  • Nancy Kallas

    Buyer's Agent in 2016

    Nancy Kallas

    Treasured Real Estate, LLC

    (480) 628-0990

    2 in this area

    43 Total Sales

    Nancy Kallas
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5507004

Arizona Regional Multiple Listing Service (ARMLS)

APN: 312-08-590

Arizona Maricopa County Mesa 85212 Morrison Ranch

7121 E Olla Ave, Mesa, AZ

Not Listed for Sale

Detached

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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