1150 N WADE Drive, Gilbert, AZ 85234, Gilbert, 85234 - 4 bed, 3 bath
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Gilbert, AZ 85234
This Renovated Gilbert Residence is a High-Potential Investment Opportunity, with a List Price of $719,000—positioned well below the $949,439 Fair Market Value by 24%. This significant valuation gap secures $230,439 in Instant Equity for the buyer. Featuring a Modernized Condition Rating, the property includes a New Roof, New AC, and a Private Sparkling Pool. Walking distance to the Top-Rated Carol Rae Ranch Elementary, it balances lifestyle luxury with massive financial upside. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1150 N WADE Drive Subject | $719,000* List Price | 4 | 3 | 2,622 | $362 | - |
A 3535 E TERRACE Avenue Sold | $580,000 | 4 | 3 | 2,623 | $221 | 0.5 mi |
B 4219 E SAN REMO Avenue Sold | $605,000 | 5 | 3 | 2,521 | $240 | 0.8 mi |
C 4131 E STANFORD Avenue Sold | $560,000 | 4 | 3 | 2,321 | $241 | 0.8 mi |
D 4131 E STANFORD Avenue Sold | $560,000 | 4 | 3 | 2,321 | $241 | 0.8 mi |
E 3648 E CODY Avenue Active | $565,000 List Price | 4 | 3 | 2,301 | $246 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1997, this property has undergone extensive recent renovations that bring it up to modern standards. Key upgrades include a new roof, new AC system, and high-quality wood-look tile flooring. The kitchen is fully modernized with white shaker-style cabinetry, stainless steel appliances (including a gas range), and premium stone countertops. The bathrooms have been updated with contemporary fixtures and finishes. With vaulted ceilings, plantation shutters, and a well-maintained private pool, the home shows no signs of deferred maintenance and reflects current design trends.
The property features a brand-new roof and a new AC system, providing buyers with immediate peace of mind and protection against major near-term maintenance expenses.
Situated within walking distance of the highly-rated Carol Rae Ranch Elementary, this home offers exceptional convenience and value for families prioritizing top-tier education.
The backyard serves as a private oasis with a sparkling pool and lush landscaping, perfectly designed for the Arizona lifestyle and effortless outdoor entertaining.
With a 7,022 sqft lot, the footprint of the 2,622 sqft home and the private pool leaves minimal additional green space for gardening or play areas.
Built in 1997, the home may still possess certain architectural styles or layout characteristics that feel less contemporary compared to newer construction in the Gilbert area.
You are NOT going to want to miss this stunning Gilbert gem! Located in the highly desirable Carol Rae Ranch, this beautifully upgraded home truly checks every box. With 4 bedrooms plus a den, 3 full bathrooms, vaulted ceilings, and an open floor plan, the home feels even larger than its square footage suggests. Step outside to a lush backyard oasis featuring a private, sparkling pool--perfect for Arizona living and effortless entertaining. Inside, the oversized kitchen is a true showstopper with stainless steel appliances, a gas range, granite countertops, and abundant workspace ideal for hosting. Retreat to your spacious primary suite, complete with a luxurious en-suite bathroom offering dual vanities, a soaking tub, and a separate walk-in shower. Each additional bedroom provides generous living space and ample closet storage, ensuring comfort for everyone. Even better, you're walking distance to Carol Rae Elementary. Major upgrades include a new roof, new AC, wood shutters, epoxy garage flooring, and so much more.
No exterior & parking available.
Grades PK-6 • 0.2 mi
Grades 7-8 • 1.8 mi
Grades 8-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,622 | 2,039 | 77% |
| Lot Size | 7,022 | 6,913 | 54% |
| Price | $719.0K | $479.0K | 89% |
| Price per sq ft | $274 | $256 | 63% |
| Built year | 1997 | 1994 | 66% |
| HOA | $145 | $75 | 75% |
| Days on market | 62 | 2339 | 1% |
Feb 19, 2026
$719,000
Initial Listing