1238 E MINERAL Road, Gilbert, AZ 85234, Gilbert, 85234 - 3 bed, 2 bath
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Gilbert, AZ 85234
This Spacious Single-Story Residence is a Strong Value Opportunity, listed at $498,000—positioned well below the $525,837 Fair Market Value by 5%. This valuation gap provides $27,837 in Instant Equity for the incoming buyer. While maintaining a Condition Rating of 4, the home features a private patio and large backyard, offering significant upside through cosmetic modernization of its original finishes. Located steps from Freestone Park and served by the top-rated Patterson Elementary (8/10), it balances lifestyle convenience with financial growth. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors seeking a stable Gilbert asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1238 E MINERAL Road Subject | $498,000* List Price | 3 | 2 | 1,896 | $277 | - |
A 930 E PAGE Street Sold | $539,900 | 3 | 2 | 1,647 | $328 | 0.4 mi |
B 1238 E HEATHER Avenue Sold | $500,000 | 3 | 2 | 1,704 | $293 | 0.1 mi |
C 850 N SAINT ELENA Street Sold | $449,000 List Price | 3 | 2 | 1,954 | 0.7 mi | |
D 1131 E Artesian Way Sold | $500,000 | 3 | 2 | 1,521 | $329 | 0.3 mi |
E 1158 E DOUGLAS Avenue Sold | $459,500 | 3 | 2 | 1,538 | $299 | 0.6 mi |
F 1141 E BRUCE Avenue Active | $565,000 List Price | 3 | 2 | 1,832 | $308 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1988, this property is well-maintained but shows clear signs of its age. While it features some modern updates such as stainless steel appliances and updated tile flooring, the kitchen retains dated white tile countertops and fluorescent light boxes. The brick fireplace and bathroom fixtures also reflect the original construction era, indicating the home is functional but requires cosmetic modernization to meet current standards.
The property is exceptionally located within a 10-minute bike ride of Downtown Gilbert and steps from Freestone Park, offering unparalleled access to dining, entertainment, and recreation.
Priced under $500,000 for nearly 1,900 square feet, this home offers a rare affordable entry point into the competitive Gilbert market for a single-family residence.
The home is situated less than half a mile from Patterson Elementary, which boasts a high 8/10 rating, providing significant appeal for families prioritizing quality education.
Built in 1988, the property likely requires cosmetic updates and potential mechanical modernizations to compete with newer or fully renovated homes in the area.
While the elementary school is highly rated, the assigned high school has a rating of 5/10, which may be a drawback for families with older children or those focused on long-term resale value.
AFFORDABLE IN GILBERT!!! Welcome home to a little tucked-away gem in the heart of Gilbert! This 3 bedroom, 2 bath, one-story home is priced to sell!!! Good-sized bedrooms, a ton of storage, 2 car garage and big back yard are just the beginning!! The LOCATION of this home is tough to beat!. Freestone Park is literally at the end of the street, and you are a 10minute bike ride from all Downtown Gilbert and all its has to offer! With easy access to the 60, the 202, great Gilbert schools, shopping, restaurants, and microbreweries, everyday living is easy here. The Riparian Preserve, Gilbert Public Library, Gilbert Farmers Market, and the list goes on for fun and sometimes free things to do. If location, convenience, and outdoor living matter, this one is a must-see!
No exterior & parking available.
Grades PK-6 • 0.4 mi
Grades 8-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 43% |
| Baths | 2.0 | 3.0 | 49% |
| Square foot | 1,896 | 2,050 | 44% |
| Lot Size | 6,203 | 6,913 | 37% |
| Price | $498.0K | $479.0K | 55% |
| Price per sq ft | $263 | $256 | 55% |
| Built year | 1988 | 1994 | 26% |
| HOA | $65 | $75 | 44% |
| Days on market | 12 | 2339 | 1% |
Apr 10, 2026
$498,000
Initial Listing