1214 E FRANCES Lane, Gilbert, AZ 85295, Gilbert, 85295 - 3 bed, 3 bath
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1214 E FRANCES Lane
Gilbert, AZ 85295
ACTIVE
CONDITION: FAIR
3Beds
3Baths
1,960Sq Ft
4,627Lot Size
Property Price
LIST PRICE$461,000
EST. MARKET VALUE
$455,239
SUMMARY
This Single Family Residence is a Strong Value Opportunity, listed at $475,000—positioned well below the $474,179 Fair Market Value by a negligible margin, reflecting a stable, fair-market entry. Featuring a Condition Rating of 4, the home offers a functional layout with a work island kitchen and covered patio, though it retains original 2005 finishes ready for cosmetic updates. Located in the top-tier Spectrum at Val Vista community near Spectrum Elementary, this property is an ideal acquisition for Owner-Occupants or first-time buyers seeking long-term value.
Estimated Market Value
$455,239
Based on Realkey algorithm analyzing recent comparable sales in Gilbert.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1214 E FRANCES Lane Subject | $461,000* List Price | 3 | 3 | 1,960 | $232 | - |
A 1070 E LOWELL Court Sold | $410,000 | 3 | 3 | 1,576 | $260 | 0.5 mi |
B 3104 S LOIS Lane Sold | $499,000 | 4 | 3 | 2,194 | $227 | 0.2 mi |
C 2637 S SOUTHWIND Drive Sold | $425,000 | 3 | 2 | 1,576 | $270 | 0.7 mi |
D 3057 S SAILORS Way Active | $450,000 List Price | 3 | 2 | 1,674 | $269 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 2005, the property is 21 years old and retains its original finishes. While very well-maintained and move-in ready, the kitchen cabinetry, bathroom vanities, and fixtures are dated and original to the build, fitting the criteria for a property over 20 years old requiring cosmetic updates.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location and Schools
Situated in the highly desirable Spectrum at Val Vista community, this home is within walking distance to Spectrum Elementary (rated 7/10) and offers close proximity to top-rated middle and high schools.
- Functional and Spacious Layout
The 1,960 sqft floor plan is well-designed with a versatile upstairs loft, a primary suite featuring dual vanities with a separate tub and shower, and an open kitchen with a center island.
- Move-In Ready Incentives
The property includes a 100-day home warranty for buyer peace of mind and features a low-maintenance backyard, making it an ideal 'turn-key' residence for busy professionals or families.
CONSRISKS & DEFICIENCIES
- Limited Lot Size
The 4,627 sqft lot is relatively small for the area, which may limit outdoor activities or the potential for future additions like a private swimming pool.
- Significant Association Fees
The $444 association fee represents a notable recurring carrying cost that may impact the overall affordability and debt-to-income ratio for some prospective buyers.
About 1214 E FRANCES Lane
INCREDIBLE BUYER INCENTIVES: $7,000 MORTGAGE CONCESSION. Seller will pay up to $7,000 at closing towards your interest rate buydown if you finance with lender of sellers choice. 1214 E Frances Ln is a two-story Gilbert home built in 2005, with three bedrooms across a functional multi-level layout. The kitchen centers on a work island with generous counter space, wood cabinetry, and a built-in range and dishwasher that streamline meal preparation. A fireplace anchors the main living area, adding warmth beside the open staircase and breakfast nook. Upstairs, a loft overlooks the living space and connects the bedrooms, including a primary suite with a walk-in closet and a bathroom fitted with dual vanities plus a separate tub and shower.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2005
- Lot Size
- 4,627 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $444 / Month
Neighborhood Insights
Gilbert Unified Schools
Spectrum Elementary School
Grades PK-6 • 0.5 mi
7/10
South Valley Jr. High School
Grades 7-8 • 1.5 mi
7/10
Campo Verde High School
Grades 8-12 • 0.9 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,960 | 2,210.986 |
| Lot Size | 4,627 | 7,346.256 |
| Price | $461.0K | $598.8K |
| Price per sq ft | $235 | $280 |
| Built year | 2005 | 2003 |
| HOA | $444 | $224 |
| Days on market | 28 | 71 |
Pricing History
Listed for Sale
Aug 20, 2026
$461,000
$475,000
-3% Price Drop
Initial Listing
Price Change
Aug 12, 2026
$475,000
Initial Listing