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Chandler 85248 Octotillo
1851 W PERIWINKLE Way
Photo of 1851 W PERIWINKLE Way
Sold on Jan 5, 2026

25

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Photo of 1851 W PERIWINKLE Way
Photo of 1851 W PERIWINKLE Way
$425,000
● House - Off Market

1851 W PERIWINKLE Way

Chandler, AZ 85248
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,317 Ft²
$2,797
Est. Monthly
$496
HOA / Fees
4.22%
Cap Rate

About This Property

Welcome to your beautiful move-in ready 2br/2ba+den home in the gated Montefino Village community of Ocotillo! This meticulously maintained home is updated with a newer roof + energy efficient Trane HVAC, tankless water heater, Bosch dishwasher and solar. There are 10' ceilings and ceramic tile flooring throughout, tall kitchen cabinets with pull-outs for ample storage and convenience and plantation shutters in the great room. The lush low-maintenance, low-water backyard features a covered patio and mature citrus. HOA includes front landscaping, lake, green spaces, walking paths, pool, spa and clubhouse with workout facility+the lakes, parks, tennis and pickleball courts of Ocotillo. Convenient to Intel, Ocotillo Golf Club, Price Corridor, Chandler Mall and Downtown Chandler.
Unit Size
1,317 Ft²
Days on Market
94 days
Land Size
0.08 acres
Price per sqft
$332
Property Type
House
Property Taxes
$155
HOA Dues
$496
Year Built
2003

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 5 months ago (ARMLS #6926292)

Price History

Date / Event Date Event Price
Jan 5, 2026 Sold
Premium
Sold
Dec 1, 2025 In contract -
In contract
Sep 29, 2025 Listed by Redfin Corporation $437,000
Listed by Redfin Corporation
Jul 2, 2025 Listed $460,000
Listed
Welcome to your beautiful move-in ready 2br/2ba+den home in the gated Montefino Village community of Ocotillo! This meticulously maintained home is updated with a newer roof + energy efficient Trane HVAC, tankless water heater, Bosch dishwasher and solar. There are 10' ceilings and ceramic tile flooring throughout, tall kitchen cabinets with pull-outs for ample storage and convenience and plantation shutters in the great room. The lush low-maintenance, low-water backyard features a covered patio and mature citrus. HOA includes front landscaping, lake, green spaces, walking paths, pool, spa and clubhouse with workout facility+the lakes, parks, tennis and pickleball courts of Ocotillo. Convenient to Intel, Ocotillo Golf Club, Price Corridor, Chandler Mall and Downtown Chandler.
Oct 28, 2003 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 4
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 38
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 105

    Dimensions

  • Lot Size Square Feet: 3,555
  • Total Building Area: 1,338
  • Gross Building Area: 1,338
  • Building Area: 1,338
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 10
  • Heating: 24
  • Heated Square Feet: 1,338
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MONTEFINO VILLAGE
  • Land Acres: 0000000082
  • Standard Land Use Code: 1001
  • County Land Use Code: 0131
  • State Land Use Code: 0131
  • Legal Description 1: MONTEFINO VILLAGE MCR 507-08

Neighborhood

  • School District Name: Chandler Unified District
  • Census Tract: 812600

Zoning

  • Zoning: PAD

Geography

  • Assessors Map Reference: 50708
  • Parcel: 303-48-632
  • Lot: 16
  • Meridian: SEC 20 TWN 2S RNG 5E
  • Municipality: CHANDLER
  • Latitude: 33.2472
  • Longitude: -111.873

    Address

  • Full Address: 1851 W Periwinkle Way
  • Address - House Number: 1851
  • Street Direction: W
  • Address - Street Name: Periwinkle
  • Address - Suffix Type: Way
  • State: AZ
  • City Name: Chandler
  • Carrier Code: R062
  • 4-Digit Zip Code: 4263
  • Zip Code: 85248

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $182,200
  • Tax Rate Code Area: 800302

    Appraisal Valuation

  • Standard Deviation: 0.1353
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 84
  • Final Value: 454,718
  • High Value: 516,258
  • Low Value: 393,179

    Market Valuation

  • Market Total Value: $308,100
  • Market Land Value: $61,600
  • Market Improvement Value: $246,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $30,810
  • Assessed Land Value: $6,160
  • Assessed Improvements Value: $24,650

    Sales

  • Current Sale Contract Date: Oct 17, 2003
  • Current Sale Recording Date: Oct 28, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 2003-1499209
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Octotillo

Stats & Trends

Median Asking:

$625,000

Sale Price/ft²

$326

Below Asking

0.02%

Average Days on Market

77

Average Home Size

2232 ft²

Average Home Age

20.5 years

Currently For Sale

61 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 2477 W Market Place, Chandler, AZ, 85248

$2,395 /mo

  • 3 Beds
  • 3 Baths
  • 1,680 ft²
2477 W Market Place #13, Chandler, AZ, 85248 Listing by Amy Smith
Unit for rent at 320 W Wisteria Place, Chandler, AZ, 85248

$2,250 /mo

  • 3 Beds
  • 2 Baths
  • 1,800 ft²
320 W Wisteria Place, Chandler, AZ, 85248 Listing by Dennis L Strobehn
Unit for rent at 705 W Queen Creek Road, Chandler, AZ, 85248

$2,100 /mo

  • 2 Beds
  • 2 Baths
  • 1,244 ft²
705 W Queen Creek Road #1121, Chandler, AZ, 85248 Listing by Monica Coker

Rentals Near You

Click here to view more rentals in the neighborhood.
ARMLS

Listed by: Kathleen Scott, Redfin Corporation
Last Updated: 5 months ago
Data Source: ARMLS, MLS# 6926292
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 1851 West Periwinkle Way built and last sold?
The property at 1851 West Periwinkle Way was built in 2003 and last sold on Oct 17, 2003 for $185,528.
How much is this home worth?
The estimated value of the home located at 1851 West Periwinkle Way is $443,358.
What are some comparable homes to 1851 West Periwinkle Way?
There are currently no comparable homes to 1851 West Periwinkle Way.
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