1494 S OWL Drive, Gilbert, AZ 85296, Gilbert, 85296 - 3 bed, 3 bath
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Gilbert, AZ 85296
This Charming 2-Story Home represents a High-Potential Investment Opportunity, listed at $420,000—positioned well above the $345,671 Fair Market Value by -21%. While priced above market, the property features Granite Countertops, Travertine Flooring, and a Private Patio within the amenity-rich Gardens community. With a Condition Rating of 4, the home is move-in ready but offers room for cosmetic updates. Located in the Top-Rated Higley USD, this property is an ideal acquisition for Owner-Occupants or first-time buyers seeking a lifestyle-focused residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1494 S OWL Drive Subject | $420,000* List Price | 3 | 3 | 1,375 | $251 | - |
A 4142 E SHEFFIELD Avenue Sold | $385,000 List Price | 3 | 3 | 1,533 | 0.3 mi | |
B 1560 S OWL Drive Sold | $350,000 | 3 | 3 | 1,295 | $270 | 0.1 mi |
C 4167 E Betsy Lane Sold | $465,000 | 4 | 3 | 1,533 | $303 | 0.2 mi |
D 1444 S LONGSPUR Lane Sold | $407,000 | 3 | 3 | 1,533 | $265 | 0.2 mi |
E 3782 E JASPER Drive Sold | $404,080 | 3 | 2 | 1,357 | $298 | 0.7 mi |
F 1300 S LOBACK Lane Sold | $403,000 | 3 | 3 | 1,661 | $243 | 0.7 mi |
G 1567 S AVOCET Street Pending | $394,000 List Price | 3 | 3 | 1,375 | $287 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2002, the property is over 20 years old and maintains many original features. While it has some upgrades like granite countertops and travertine flooring, the kitchen cabinetry and fluorescent lighting are dated. The home is functional and move-in ready but requires minor cosmetic updates to meet modern standards.
Located in the sought-after Gardens community, residents enjoy access to three heated pools, basketball courts, multiple parks, and scenic walking paths, providing a high-quality lifestyle.
The home features high-end travertine flooring, granite countertops, and recent updates including fresh paint and new master bedroom carpeting, ensuring a move-in-ready experience.
Situated within the top-rated Higley Unified School District and minutes from Agritopia and San Tan Marketplace, the property offers excellent educational opportunities and convenient access to shopping and dining.
At 1,375 square feet for a three-bedroom home, the interior layout may feel restrictive for families requiring larger common areas or more substantial storage.
The 3,354 square foot lot offers a limited backyard area, which may be a drawback for buyers seeking significant outdoor space or increased privacy from neighboring homes.
Charming 2-story home in Gilbert's sought-after The Gardens community! This 3 bed/2.5 bath, 1,375 sq ft home features granite countertops, travertine flooring on the main level and all baths, fresh interior paint in select rooms, and new carpet in the master bedroom. Enjoy a fenced backyard with a private patio -- perfect for entertaining. 2-car garage included. Community amenities include 3 pools (heated), basketball courts, parks, Playgrounds, and scenic walking paths. Top-rated Higley USD schools. Minutes to Agritopia, San Tan Marketplace, and US-202. A must-see!
No exterior & parking available.
Grades PK-8 • 0.7 mi
Grades 7-8 • 0.8 mi
Grades 9-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,375 | 2,089 | 12% |
| Lot Size | 3,354 | 6,891 | 11% |
| Price | $420.0K | $390.0K | 54% |
| Price per sq ft | $305 | $202 | 86% |
| Built year | 2002 | 2000 | 60% |
| HOA | $87 | $138 | 28% |
| Days on market | 26 | 3072 | 1% |
May 13, 2026
$420,000
Initial Listing