1441 W Lobster Trap Drive, Gilbert, AZ 85233, Gilbert, 85233 - 2 bed, 2 bath
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Gilbert, AZ 85233
This Well-Maintained Bungalow is a Strong Value Opportunity, listed at $449,500—positioned well below the $476,868 Fair Market Value by 5%. This valuation gap provides $27,368 in Instant Equity for the incoming buyer. Featuring a Condition Rating of 4, the home is move-in ready but offers upside through cosmetic updates. Located in the premier The Islands community, the property boasts a Greenbelt View and a versatile Flex Room for a third bedroom. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1441 W Lobster Trap Drive Subject | $449,500* List Price | 2 | 2 | 1,317 | $362 | - |
A 861 W SHELLFISH Drive Sold | $550,000 | 3 | 3 | 1,704 | $323 | 0.8 mi |
B 861 W SHELLFISH Drive Sold | $550,000 | 3 | 3 | 1,704 | $323 | 0.8 mi |
C 354 S BAY SHORE Boulevard Sold | $505,000 | 3 | 2 | 1,582 | $319 | 0.6 mi |
D 942 W BARBADOS Drive Active | $449,000 List Price | 2 | 2 | 1,262 | $356 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1988, this home is well-maintained but shows clear signs of its age. While the flooring has been updated to a modern wood-look laminate, the kitchen and bathrooms remain largely dated. The kitchen features older white appliances and a fluorescent light box, and the bathrooms retain original-style cabinetry and fixtures. The property is move-in ready but requires cosmetic updates to meet contemporary standards.
Situated in the desirable 'The Islands' lake community, the property offers a quiet, secluded setting that backs directly onto a greenbelt for enhanced privacy and space between neighbors.
The floor plan includes a versatile flex room that can easily serve as a home office or a third bedroom, providing functional options for modern lifestyles and remote work.
The home is within walking distance of the community swimming pool and lake, allowing residents to easily enjoy the premium recreational benefits of the neighborhood.
Built in 1988, the home may require cosmetic updates or system modernizations to meet the aesthetic preferences of contemporary buyers in the competitive Gilbert market.
The assigned middle and high schools carry average ratings (4/10), which may be a drawback for families specifically prioritizing top-tier educational districts.
Sweet little Bungalow nestled in this beautiful Lake neighborhood. Quiet and secluded away from the city noise. Backs up to a greenbelt. Plenty of room between neighbors. Clean and maintained home with a flex room for office space or 3rd bedroom. Walking distance from the swimming pool and lake.
No exterior & parking available.
Grades PK-6 • 0.5 mi
Grades PK-6 • 0.8 mi
Grades 6-8 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 2% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,317 | 1,963 | 4% |
| Lot Size | 6,229 | 7,340 | 28% |
| Price | $449.5K | $215.0K | 53% |
| Price per sq ft | $341 | $100 | 90% |
| Built year | 1988 | 1994 | 11% |
| HOA | $78 | $102 | 41% |
| Days on market | 86 | 2502 | 1% |
Mar 13, 2026
$449,500
Initial Listing
Nov 12, 1999
$125,000
Public Record