126 S CATALINA Street, Gilbert, AZ 85233, Gilbert, 85233 - 3 bed, 2 bath
Loading property details...
Gilbert, AZ 85233
This Spacious Single-Family Residence represents a High-Potential Investment Opportunity with a List Price of $425,000—positioned well below the $493,902 Fair Market Value by 13%. This valuation gap provides $68,902 in Instant Equity for buyers ready to modernize this 1959 build. Featuring a Condition Rating of 4, the property offers a generous 1,971 sqft footprint and No HOA restrictions just moments from the Downtown Gilbert Heritage District. It is a strategic acquisition for Fix-and-Flip Investors or Owner-Occupants seeking a high-upside renovation project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 126 S CATALINA Street Subject | $425,000* List Price | 3 | 2 | 1,971 | $251 | - |
A 638 W Sierra Madre Avenue Sold | $540,000 | 3 | 2 | 2,058 | $262 | 0.6 mi |
B 568 S GOLDEN KEY Street Sold | $480,000 List Price | 4 | 3 | 2,018 | 0.7 mi | |
C 201 W SMOKE TREE Road Sold | $430,000 | 4 | 2 | 2,014 | $214 | 0.4 mi |
D 590 S NEELY Street Sold | $539,000 | 4 | 2 | 2,123 | $254 | 0.6 mi |
E 564 W Candlewood Lane Sold | $501,000 | 3 | 2 | 1,846 | $271 | 0.6 mi |
F 313 S ABILENE Drive Sold | $476,000 List Price | 3 | 3 | 1,973 | 0.6 mi | |
G 495 W FABENS Lane Active | $490,000 List Price | 4 | 2 | 2,056 | $238 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1959, the property is well-maintained and livable but significantly outdated. The kitchen features older laminate countertops, painted cabinetry, and basic tile flooring, while the living areas contain aged carpeting and standard fixtures. The listing description and property analysis explicitly identify the home as a candidate for a full modern renovation or a 'fix and flip' project.
The property is situated just moments from the vibrant Heritage District in Downtown Gilbert, providing immediate access to premier dining, shopping, and entertainment.
With no Homeowners Association, owners enjoy the freedom to park recreational vehicles and customize the property without the constraints of restrictive covenants.
Boasting nearly 2,000 square feet, the generous layout and solid 'bones' offer an excellent foundation for a high-end renovation or a strategic investment project.
The interior requires comprehensive modern updates and repairs, which will demand a substantial additional budget beyond the initial purchase price.
Built in 1959, the home may present challenges related to aging infrastructure and systems that are common in older residential structures.
Discover the ultimate opportunity, where location and lifestyle converge. This spacious residence is a rare find for savvy buyers, investors, or anyone looking to create their dream home with unbeatable proximity to Downtown Gilbert. You are just moments away from the vibrant Heritage District, offering dining, entertainment, shopping and the entergy of downtown wihile maintaining privacy of a residential street. With no HOA you have the freedom to personalize the home, park your recreational vehicles, or manage your property without the constraints of an HOA. While the interior awaits your modern updates and personal touch, the footprint is impressively spacious. With a generous layout and a prime Gilbert location, the ''bones'' are here to support a high-end renovation that could transform this into a true neighborhood showpiece. Whether you're looking to "fix and flip" or "renovate and stay," this home represents a strategic investment in a prime location.
No exterior & parking available.
Grades PK-6 • 0.2 mi
Grades 6-8 • 0.2 mi
Grades 8-12 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 45% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,971 | 1,963 | 51% |
| Lot Size | 6,327 | 7,139 | 33% |
| Price | $425.0K | $442.0K | 46% |
| Price per sq ft | $216 | $228 | 48% |
| Built year | 1959 | 1994 | 1% |
| HOA | $0 | $100 | 11% |
| Days on market | 27 | 2291 | 1% |
Mar 26, 2026
$425,000
Initial Listing