1207 E SAN REMO Avenue, Gilbert, AZ 85234, Gilbert, 85234 - 3 bed, 2 bath
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Gilbert, AZ 85234
This Spacious Single-Family Residence represents a High-Potential Investment Opportunity with a List Price of $498,000—positioned well below the $595,869 Fair Market Value by 16%. This valuation gap provides $97,869 in Instant Equity for the incoming buyer. Maintaining a Condition Rating of 4, the home features travertine flooring, high ceilings, and a private forested greenbelt view on an oversized lot with no HOA. Located near top-rated Patterson Elementary, it offers immediate comfort with clear appreciation potential. 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 |
|---|---|---|---|---|---|---|
★ 1207 E SAN REMO Avenue Subject | $493,900* List Price | 3 | 2 | 2,161 | $252 | - |
A 850 N SAINT ELENA Street Sold | $449,000 List Price | 3 | 2 | 1,954 | 0.3 mi | |
B 1238 E HEATHER Avenue Sold | $500,000 | 3 | 2 | 1,704 | $293 | 0.6 mi |
C 521 E ENCINAS Avenue Sold | $479,000 | 3 | 2 | 1,702 | $281 | 0.9 mi |
D 1349 E Lobster Bay Circle Sold | $605,000 | 4 | 3 | 2,166 | $279 | 0.6 mi |
E 1134 N SAINT ELENA Street Active | $519,900 List Price | 4 | 2 | 1,954 | $266 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1988, is well-maintained and move-in ready but shows significant signs of its age. While it features upgraded travertine flooring and clean neutral carpeting, the interior retains dated elements such as popcorn ceilings, older light fixtures, and a kitchen with oak cabinetry and white appliances. It fits the 'fair' criteria as a home that has been maintained through regular upkeep but has not undergone a full modern renovation, with major systems and aesthetic features nearing the end of their typical trend cycle.
The property is situated on an oversized lot with no homes directly behind, providing a rare sense of seclusion and quiet within a suburban neighborhood.
With over 2,100 square feet, high ceilings, and premium travertine flooring, the home offers a sophisticated and airy atmosphere that exceeds standard 3-bedroom expectations.
The absence of an association fee is a significant financial advantage in Gilbert, offering homeowners more flexibility and lower monthly carrying costs.
Built in 1988, the property may soon require updates to major systems such as the roof or HVAC to maintain modern efficiency and performance.
While the elementary school is highly rated, the assigned high school currently holds a lower rating of 5, which may be a factor for families prioritizing top-tier secondary education.
Welcome to your new cozy and spacious home! This stunning property boasts three generously sized bedrooms and two full bathrooms, offering ample space for comfort and relaxation. The home is situated on an oversized lot with no homes behind, providing an added sense of privacy. The low maintenance front and backyards are perfect for those who prefer easy upkeep. Inside, you'll find beautiful travertine floors & neutral carpet, complemented by high ceilings for that spacious feel. A cozy fireplace adds a touch of warmth and charm. The location is unbeatable, with a variety of restaurants, shopping centers, and schools. For those who enjoy outdoor activities, there are walking and biking paths nearby. This home truly offers a blend of convenience, comfort, and style.
No exterior & parking available.
Grades PK-6 • 0.3 mi
Grades PK-6 • 0.5 mi
Grades 7-8 • 4.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 47% |
| Baths | 2.0 | 3.0 | 49% |
| Square foot | 2,161 | 2,075.5 | 58% |
| Lot Size | 6,708 | 6,817 | 46% |
| Price | $493.9K | $454.8K | 58% |
| Price per sq ft | $229 | $227 | 50% |
| Built year | 1988 | 1994 | 26% |
| HOA | $0 | $80 | 21% |
| Days on market | 95 | 2540 | 1% |
Apr 26, 2026
$493,900
$498,000
-1% Price Drop
Initial Listing
Mar 4, 2026
$498,000
Initial Listing