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Chandler 85248 Island at Ocotillo
1951 W PENINSULA Circle
Photo of 1951 W PENINSULA Circle
Sold on May 28, 2026

19

Map

Photo of 1951 W PENINSULA Circle
Photo of 1951 W PENINSULA Circle
$530,000
● House - Off Market

1951 W PENINSULA Circle

Chandler, AZ 85248
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,781 Ft²
$3,375
Est. Monthly
$507
HOA / Fees

About This Property

Gated neighborhood - golf course community - turnkey property! Set on a north-south facing lot, this home enjoys a prime position in the private Peninsula neighborhood, an intimate enclave of 56 homes. Discover comfort and style in this beautiful home, featuring brand-new carpet in every bedroom, updated light fixtures, and fresh interior paint that brings a clean, modern look throughout. Enjoy added peace of mind with a new water heater and new AC unit for year-round efficiency. Quick freeway access and close proximity to Chandler's best dining, shopping, and golf, this home strikes the perfect balance between everyday ease and private, upscale living.
Unit Size
1,781 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$309
Property Type
House
Property Taxes
$169
HOA Dues
$507
Year Built
1996

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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: 6 months ago (ARMLS #6981364)

Price History

Date / Event Date Event Price
May 28, 2026 Sold
Premium
Sold
May 15, 2026 Price Decreased $549,500
↓ $23K (3.9%)
Price Decreased
Feb 7, 2026 Listed by HomeSmart $572,000
Listed by HomeSmart
Oct 28, 2025 Price Decreased $585,000
↓ $10K (1.7%)
Price Decreased
Oct 5, 2025 Listed $595,000
Listed
Step into comfort and style in this beautifully maintained home featuring brand-new carpet in all bedrooms, updated light fixtures throughout, and a fresh coat of interior paint that gives every room a clean, modern feel. Enjoy peace of mind with a new water heater and a new AC unit, ensuring year-round efficiency and comfort. All appliances convey, making your move-in seamless. With thoughtful upgrades and timeless charm, this home is ready to welcome its next owner.
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 6
  • Building Quality: 4
  • 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

    Dimensions

  • Lot Size Square Feet: 5,902
  • Total Building Area: 1,781
  • Gross Building Area: 1,781
  • Building Area: 1,781
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 10
  • Heating: 24
  • Heated Square Feet: 1,781
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PENINSULA
  • Land Acres: 0000000136
  • Standard Land Use Code: 1001
  • County Land Use Code: 0141
  • State Land Use Code: 0141
  • Legal Description 1: PENINSULA MCR 319-41

Neighborhood

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

Zoning

  • Zoning: PAD

Geography

  • Assessors Map Reference: 31941
  • Parcel: 303-39-295
  • Lot: 50
  • Meridian: SEC 17 TWN 2S RNG 5E
  • Municipality: CHANDLER
  • Latitude: 33.2552
  • Longitude: -111.875

    Address

  • Full Address: 1951 W Peninsula Cir
  • Address - House Number: 1951
  • Street Direction: W
  • Address - Street Name: Peninsula
  • Address - Suffix Type: Cir
  • State: AZ
  • City Name: Chandler
  • Carrier Code: R003
  • 4-Digit Zip Code: 3528
  • Zip Code: 85248

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $219,398
  • Tax Rate Code Area: 800302

    Appraisal Valuation

  • Standard Deviation: 0.1919
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 74
  • Final Value: 531,164
  • High Value: 633,103
  • Low Value: 429,225

    Market Valuation

  • Market Total Value: $428,300
  • Market Land Value: $85,600
  • Market Improvement Value: $342,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $42,830
  • Assessed Land Value: $8,560
  • Assessed Improvements Value: $34,270

    Sales

  • Current Sale Contract Date: Sep 16, 2022
  • Current Sale Recording Date: Sep 20, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 721841
  • Previous Sale Recording Date: Mar 25, 2022
  • Previous Sale Contract Date: Mar 22, 2022
  • Previous Sale Amount: $624,400
  • Previous Sale Document Type: 71
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:

$629,000

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 1783 W Mead Place, Chandler, AZ, 85248

$7,000 /mo

  • 3 Beds
  • 2 Baths
  • 2,531 ft²
1783 W Mead Place, Chandler, AZ, 85248 Listing by Bradley MacLay
Unit for rent at 757 W Aloe Place, Chandler, AZ, 85248

$3,400 /mo

  • 5 Beds
  • 3 Baths
  • 2,773 ft²
757 W Aloe Place, Chandler, AZ, 85248 Listing by Janelle Qualm
Unit for rent at 2050 W Olive Way, Chandler, AZ, 85248

$4,900 /mo

  • 2 Beds
  • 2 Baths
  • 1,311 ft²
2050 W Olive Way, Chandler, AZ, 85248 Listing by Yue Zhao

Rentals Near You

Click here to view more rentals in the neighborhood.
ARMLS

Listed by: Michelle Myers, HomeSmart
Last Updated: 6 months ago
Data Source: ARMLS, MLS# 6981364
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 1951 West Peninsula Circle built and last sold?
The property at 1951 West Peninsula Circle was built in 1996 and last sold on Sep 16, 2022 for $520,000.
How much is this home worth?
The estimated value of the home located at 1951 West Peninsula Circle is $0.
What are some comparable homes to 1951 West Peninsula Circle?
There are currently no comparable homes to 1951 West Peninsula Circle.
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