107 S CATALINA Street, Gilbert, AZ 85233, Gilbert, 85233 - 4 bed, 3 bath
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Gilbert, AZ 85233
This Fully Remodeled Basement Residence is a Strong Value Opportunity, listed at $650,000—positioned well below the $695,075 Fair Market Value by 6%. This valuation gap provides $45,075 in Instant Equity. Boasting a Condition Rating of 2, the home features a rare Arizona basement, vaulted wood-plank ceilings, and a private backyard with a patio. Located steps from the Downtown Gilbert Heritage District, it offers a premium lifestyle without HOA restrictions. This is an elite acquisition for Owner-Occupants seeking a turnkey sanctuary or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 107 S CATALINA Street Subject | $640,000* List Price | 4 | 3 | 3,119 | $221 | - |
A 245 W SAGEBRUSH Street Sold | $805,000 | 5 | 3 | 3,170 | $254 | 0.5 mi |
B 854 W MESQUITE Street Sold | $667,500 | 4 | 3 | 2,979 | $224 | 0.9 mi |
C 602 W RAWHIDE Avenue Sold | $655,000 | 5 | 3 | 2,554 | $256 | 0.6 mi |
D 544 W AVIARY Way Sold | $580,000 | 4 | 3 | 2,836 | $205 | 0.6 mi |
E 632 W SIERRA MADRE Avenue Active Under Contract | $720,000 List Price | 5 | 3 | 2,851 | $253 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1956, the property has undergone an extensive, high-quality renovation within the last 5 years. The interior features modern wide-plank flooring, updated recessed and track lighting, vaulted wood-plank ceilings, and custom built-in cabinetry. The kitchen and bathrooms (as described and partially shown) reflect current design trends, and the home is presented in move-in ready condition with no visible deferred maintenance, meeting the criteria for a fully renovated property.
Situated within walking or biking distance to the vibrant Downtown Gilbert Heritage District, offering residents immediate access to premier dining, shopping, and entertainment.
This fully remodeled home features a rare Arizona basement that provides natural cooling and significant additional living space, all without the restrictions or fees of an HOA.
Boasting over 3,100 square feet with a floor plan optimized for entertaining, the property includes a private backyard with no rear neighbors for enhanced seclusion.
Originally built in 1956, the property may have aging infrastructure or structural components typical of older homes that require more ongoing maintenance than a modern build.
The assigned elementary, middle, and high schools currently hold a rating of 4, which may be a drawback for families prioritizing top-tier public school performance.
A one of a kind find in Downtown Gilbert! This is THE ONE! Fully remodeled and move in ready with BASEMENT and NO HOA! Three bedrooms in basement which stay cool all summer long. Primary bedroom on main floor with a den or 5th Bedroom. 3 Full bathrooms on main level and private backyard with no neighbors behind. Very quiet street and a short walk or bike ride to all your favorite spots in Downtown Gilbert. This floor plan was made to entertain! Come check it out! This home will not disappoint.
No exterior & parking available.
Grades PK-6 • 0.1 mi
Grades 6-8 • 0.2 mi
Grades 8-12 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 2.0 | 57% |
| Square foot | 3,119 | 1,963 | 94% |
| Lot Size | 7,275 | 7,144 | 55% |
| Price | $640.0K | $443.0K | 81% |
| Price per sq ft | $205 | $228 | 47% |
| Built year | 1956 | 1994 | 1% |
| HOA | $0 | $100 | 11% |
| Days on market | 62 | 2291 | 1% |
Apr 19, 2026
$640,000
$650,000
-2% Price Drop
Initial Listing
Feb 19, 2026
$650,000
Initial Listing