1342 N MCKENNA Lane, Gilbert, AZ 85233, Gilbert, 85233 - 5 bed, 3 bath
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Gilbert, AZ 85233
This Spacious Updated Residence is a High-Potential Investment Opportunity, listed at $579,900—positioned well below the $769,482 Fair Market Value by 24%. This significant valuation gap offers $189,582 in Instant Equity for the buyer. Boasting a Condition Rating of 3, the home features a Heated Pool & Spa, brand-new Quartz Countertops, and a recently replaced HVAC system. Located near Oak Tree Elementary, the five-bedroom layout provides immense lifestyle versatility. This property is a premier choice for Owner-Occupants or Buy-and-Hold Investors seeking immediate value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1342 N MCKENNA Lane Subject | $579,900* List Price | 5 | 3 | 2,650 | $290 | - |
A 1366 N GOLDEN KEY Street Sold | $445,000 List Price | 4 | 3 | 2,237 | 0.1 mi | |
B 634 W JUANITA Avenue Sold | $685,000 | 5 | 3 | 2,690 | $255 | 0.2 mi |
C 702 W SCOTT Avenue Sold | $533,000 | 4 | 2 | 1,899 | $281 | 0.6 mi |
D 473 W DESERT Avenue Pending | $710,000 List Price | 5 | 3 | 2,951 | $241 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has undergone significant recent updates, including a new HVAC system and water heater within the last two years. The kitchen features brand-new quartz countertops, a new backsplash, and new stainless steel appliances. While the home was built in 1998 and retains some original elements like the cabinetry style, the replacement of all major systems and the updated marble and laminate flooring throughout elevate its condition to good.
The property features a new HVAC system and water heater (2 years old), along with a recently remodeled kitchen boasting quartz countertops and new appliances, significantly reducing immediate capital expenditures for the buyer.
The backyard is a standout feature, equipped with a heated pool and spa for year-round use, a built-in BBQ, and a covered patio, offering a high-end entertainment space rare at this price point.
With five bedrooms plus a loft, the 2,650 square foot layout provides excellent flexibility for large families, multi-generational living, or dedicated home office requirements.
Although there is a bedroom on the main level, it is only served by a half-bathroom, which limits its functionality for guests or residents who prefer to avoid stairs for bathing.
The assigned elementary and high schools carry mid-range ratings of 5 and 4, which may be a drawback for families specifically seeking the top-tier educational performance Gilbert is often known for.
PRICED TO SELL-ALL MAJOR SYSTEMS AND APPLIANCES ARE REPLACED. Seller Open to Incentives & Concessions. Gilbert home with primary bedroom + 4 bedrooms upstairs + loft for desk or craft area and 2 full bathrooms upstairs. One bedroom and a 1/2 bathroom downstairs. Kitchen boasts brand new kitchen backsplash, island, and quartz countertops; and new appliances within 2 months, plus tall cabinets with lots of storage AND a pantry. New hvac & water heater (2years) for peace of mind. Marble & laminate flooring t/o.. Heated pool & spa for year-round enjoyment. New maintenance done on pool equiptment. Built-in BBQ, covered patio & mature plants.
No exterior & parking available.
Grades PK-6 • 0.2 mi
Grades 8-12 • 2.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 86% |
| Baths | 3.0 | 2.0 | 57% |
| Square foot | 2,650 | 1,963 | 80% |
| Lot Size | 6,595 | 7,139 | 39% |
| Price | $579.9K | $443.0K | 76% |
| Price per sq ft | $219 | $228 | 48% |
| Built year | 1998 | 1994 | 86% |
| HOA | $68 | $100 | 37% |
| Days on market | 55 | 2291 | 1% |
Feb 26, 2026
$579,900
Initial Listing