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Chandler 85248 Island at Ocotillo
1975 W PENINSULA Circle
Photo of 1975 W PENINSULA Circle
Sold on Mar 16, 2020

38

Map

Photo of 1975 W PENINSULA Circle
Photo of 1975 W PENINSULA Circle
$380,000
● House - Off Market

1975 W PENINSULA Circle

Chandler, AZ 85248
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,617 Ft²
$609,647
RealtyHop Estimate
56.40%
Since Apr 1, 2020
AZ-Phoenix
Primary Model

About This Property

This is a fantastic opportunity to own in a gated lake community! The home sits on a large corner lot and offers great curb appeal. The interior features, new paint, new quartz countertops, crisp white cabinets freshly painted, new stainless steel appliances, and refinished countertops in the bathrooms. The split floorplan boasts a family room with a fireplace, formal dining area, and a breakfast nook. The kitchen is nicely updated with lots of cabinetry and ample countertop space. The master suite is oversized with a full bathroom, double sinks and white cabinets, plus a walk-in closet. 3rd bedroom can be used as office. The backyard features a sparkling pool that's perfect during the summer months! This beautiful home is priced to sell and will not last long!! Schedule a showing today!
Unit Size
1,617 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$241
Property Type
House
Property Taxes
$195
HOA Dues
$124
Year Built
1988

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #6016395)

Price History

Date / Event Date Event Price
Mar 25, 2020 Sold
Premium
Sold
Dec 20, 2019 Listed by My Home Group Real Estate $389,800
Listed by My Home Group Real Estate
Oct 29, 2019 No longer available -
No longer available
Sep 29, 2019 Price Decreased $373,900
↓ $1K (0.3%)
Price Decreased
Aug 25, 2019 Price Decreased $374,900
↓ $4K (1.1%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • 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: 8
  • Location Influence Type: 82

    Dimensions

  • Lot Size Square Feet: 7,087
  • Total Building Area: 1,617
  • Gross Building Area: 1,617
  • Building Area: 1,617
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 10
  • Heating: 24
  • Heated Square Feet: 1,617
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PENINSULA
  • Land Acres: 0000000163
  • 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: 303-39-294
  • Lot: 49
  • Meridian: SEC 17 TWN 2S RNG 5E
  • Municipality: CHANDLER
  • Latitude: 33.2553
  • Longitude: -111.875

    Address

  • Full Address: 1975 W Peninsula Cir
  • Address - House Number: 1975
  • 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: $204,090
  • Tax Rate Code Area: 800302

    Appraisal Valuation

  • Standard Deviation: 0.146
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 82
  • Final Value: 577,593
  • High Value: 661,954
  • Low Value: 493,233

    Market Valuation

  • Market Total Value: $425,000
  • Market Land Value: $85,000
  • Market Improvement Value: $340,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $42,500
  • Assessed Land Value: $8,500
  • Assessed Improvements Value: $34,000

    Sales

  • Current Sale Contract Date: Mar 19, 2020
  • Current Sale Recording Date: Mar 25, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20200256257
  • Previous Sale Recording Date: Jun 18, 2019
  • Previous Sale Contract Date: May 09, 2019
  • Previous Sale Amount: $320,000
  • 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:

$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 3340 S Camellia Place, Chandler, AZ, 85248

$7,500 /mo

  • 4 Beds
  • 3 Baths
  • 2,460 ft²
3340 S Camellia Place, Chandler, AZ, 85248 Listing by Lorenzo Hofmann
Unit for rent at 948 W Yosemite Drive, Chandler, AZ, 85248

$4,499 /mo

  • 4 Beds
  • 3,236 ft²
948 W Yosemite Drive, Chandler, AZ, 85248 Listing by Aartie Aiyer
Unit for rent at 1740 W Bartlett Way, Chandler, AZ, 85248

$5,500 /mo

  • 4 Beds
  • 3 Baths
  • 3,234 ft²
1740 W Bartlett Way, Chandler, AZ, 85248 Listing by Hannah Proffitt

Rentals Near You

Click here to view more rentals in the neighborhood.
ARMLS

Listed by: George Laughton, My Home Group Real Estate
Last Updated: 5 months ago
Data Source: ARMLS, MLS# 6016395
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 1975 West Peninsula Circle built and last sold?
The property at 1975 West Peninsula Circle was built in 1988 and last sold on Mar 19, 2020 for $380,000.
How much is this home worth?
The estimated value of the home located at 1975 West Peninsula Circle is $402,732.
What are some comparable homes to 1975 West Peninsula Circle?
There are currently no comparable homes to 1975 West Peninsula Circle.
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