1345 N GREENFIELD Road, Gilbert, AZ 85234, Gilbert, 85234 - 4 bed, 4 bath
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Gilbert, AZ 85234
This property presents a High-Potential Investment Opportunity with a List Price of $1,400,000—positioned above the $1,346,476 Fair Market Value. While the pricing reflects a premium, the 1.25-acre lot with horse privileges and a 1,600 sq ft detached workshop provides significant utility. With a Fair Condition Rating, the home offers a blank canvas for cosmetic modernization. The dual master suites and expansive outdoor space with a private pool cater to high-end customization. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, large-scale property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1345 N GREENFIELD Road Subject | $1,400,000* List Price | 4 | 4 | 3,046 | $442 | - |
A 2815 E ORION Street Pending | $1,298,995 List Price | 4 | 4 | 3,416 | $380 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1984, the property is approximately 40 years old. While it is exceptionally well-maintained with a new water heater (2024) and granite kitchen updates, the overall aesthetic—including the oak cabinetry, wood shake roof, and 80s-style tile and vaulted wood ceilings—is dated. It fits the 'Fair' criteria as it is functional but requires cosmetic and system updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 56430, living area = 3046.
The 1.25-acre irrigated lot with horse privileges and no HOA offers rare autonomy and significant space for outdoor activities, livestock, or custom expansions in a prime Gilbert location.
A massive 1,600 sq ft detached workshop equipped with 110/220 electrical and additional parking provides exceptional utility for hobbyists, car enthusiasts, or home-based businesses.
Built in 1984, the home features a wood shake roof and older design aesthetics that may require significant capital investment for modern updates to meet current luxury market standards.
The combination of a large irrigated lot, private pool, and aging infrastructure necessitates higher ongoing maintenance costs and effort compared to newer, low-maintenance residential properties.
Single-story ranch on 1.25 irrigated acres w/horse privileges, NO HOA, and room for everything. 4 bedrooms, 3.5 baths, 3,046 sq ft. Two master suites, each with full bath and patio access. Walk-in closets in every bedroom. Vaulted wood cathedral ceiling in family room with wood-burning brick fireplace. Granite kitchen with reverse osmosis system. Tile, Carpet, and wood flooring throughout. Covered cedar patio spans ~12x54 ft across the back. Private pool. Fenced yard with/shade trees -- fully irrigated front and back. 2-car attached garage plus detached 1,600 sq ft workshop with 110/220 electrical and 2-car parking. RV gate and RV parking. New hot water heater (2024). Shake roof resealed. Solar screens.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 3.0 | 92% |
| Square foot | 3,046 | 2,075.5 | 87% |
| Lot Size | 56,430 | 6,839 | 95% |
| Price | $1.40M | $454.8K | 96% |
| Price per sq ft | $460 | $233 | 97% |
| Built year | 1984 | 1994 | 6% |
| HOA | $0 | $80 | 21% |
| Days on market | 38 | 2540 | 1% |
Apr 30, 2026
$1,400,000
Initial Listing