1151 S KAREN Lane, Gilbert, AZ 85296, Gilbert, 85296 - 3 bed, 3 bath
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Gilbert, AZ 85296
This Renovated Turnkey Residence is a High-Potential Investment Opportunity, listed at $510,000—positioned well below the $669,942 Fair Market Value by 23%. This significant valuation gap provides $159,942 in Instant Equity. Boasting a Condition Rating of 2, the home features a Modern Kitchen with white shaker cabinetry and an Upgraded Primary Suite with a freestanding tub. Located in a premier Gilbert neighborhood near 9/10 Rated Schools, it offers immediate 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 |
|---|---|---|---|---|---|---|
★ 1151 S KAREN Lane Subject | $510,000* List Price | 3 | 3 | 1,892 | $354 | - |
A 2853 E CATHY Drive Sold | $470,000 | 3 | 2 | 1,648 | $285 | 0.1 mi |
B 2762 E DEVON Court Sold | $460,000 | 4 | 3 | 1,892 | $243 | 0.1 mi |
C 2535 E CAMELLIA Drive Sold | $465,000 | 4 | 3 | 2,303 | $202 | 0.4 mi |
D 1105 S PORTLAND Avenue Sold | $635,000 | 4 | 3 | 2,410 | $263 | 0.4 mi |
E 2336 E SAN TAN Drive Active Under Contract | $509,000 List Price | 3 | 2 | 1,598 | $319 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1999, the property has undergone extensive recent renovations that meet current high-quality standards. The kitchen is fully updated with modern white shaker cabinetry, dark countertops, a subway tile backsplash, and stainless steel appliances. The primary bathroom features a high-end renovation including a freestanding soaking tub, a modern glass-enclosed shower with contemporary tiling, and updated vanities. With fresh interior paint and new wood-look flooring, the home is in pristine, move-in-ready condition.
Elementary School: Greenfield Elementary School (9/10). Middle School: Higley Elementary School (9/10).
The home features fresh interior paint and partial flooring replacements, providing a refreshed, move-in-ready aesthetic for new owners.
Located in a highly desirable Gilbert neighborhood, the property is served by excellent schools with ratings as high as 9/10, offering significant value for families.
Built in 1999, the property may soon require capital improvements for aging infrastructure, such as the roof or HVAC, if they have not been recently replaced.
The mention of 'partial' flooring replacement suggests that some older or mismatched flooring remains, which may require further investment to achieve a cohesive look.
Explore 1151 S Karen Ln, recently updated with fresh interior paint and partial flooring replacement throughout. The kitchen features all stainless steel appliances and an accent backsplash. The primary bedroom includes a walk in closet, and its bathroom provides double sinks with a separate tub and shower. A covered patio leads to a fenced in backyard, This home is a perfect blend of style and functionality. Don't miss out on this gem! Included 100-Day Home Warranty with buyer activation
No exterior & parking available.
Grades PK-6 • 1.5 mi
Grades 7-8 • 1.3 mi
Grades 7-8 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 48% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,892 | 2,089 | 41% |
| Lot Size | 6,151 | 6,743 | 42% |
| Price | $510.0K | $445.0K | 62% |
| Price per sq ft | $270 | $232 | 66% |
| Built year | 1999 | 2001 | 47% |
| HOA | $198 | $140 | 69% |
| Days on market | 19 | 2527 | 1% |
Apr 3, 2026
$510,000
Initial Listing