1500 S OWL Drive, Gilbert, AZ 85296, Gilbert, 85296 - 3 bed, 3 bath
Loading property details...
Gilbert, AZ 85296
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $399,900—positioned well above the $336,968 Fair Market Value by 18%. While the price reflects a premium, the property maintains a Condition Rating of 4, offering a move-in ready layout with a versatile loft. Located near top-rated schools like Williams Field High (Rating 8), this home provides long-term stability. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance lifestyle in a prime Gilbert location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1500 S OWL Drive Subject | $399,900* List Price | 3 | 3 | 1,375 | $245 | - |
A 1444 S LONGSPUR Lane Sold | $407,000 | 3 | 3 | 1,533 | $265 | 0.2 mi |
B 1560 S OWL Drive Sold | $350,000 | 3 | 3 | 1,295 | $270 | 0.1 mi |
C 4142 E SHEFFIELD Avenue Sold | $385,000 List Price | 3 | 3 | 1,533 | 0.3 mi | |
D 4167 E Betsy Lane Sold | $465,000 | 4 | 3 | 1,533 | $303 | 0.2 mi |
E 1300 S LOBACK Lane Sold | $403,000 | 3 | 3 | 1,661 | $243 | 0.7 mi |
F 3882 E GIDEON Way Sold | $429,900 | 3 | 3 | 1,907 | $225 | 0.9 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 retains many original features. While the home is well-maintained and move-in ready, the bathrooms and fixtures are dated, and the systems are likely approaching the end of their typical primary life cycle, requiring minor updates to meet modern standards.
Situated in a highly desirable Gilbert neighborhood with access to top-rated schools like Williams Field High (Rating 8), offering excellent long-term value for families.
The move-in ready interior features a flexible loft space and a light-filled layout, providing the adaptability needed for a home office, playroom, or additional lounge area.
Priced under $400,000, this property represents a rare and affordable opportunity to own a single-family residence in a sought-after East Valley market.
The small 2,912 sqft lot results in a very compact backyard, which may not appeal to buyers seeking significant outdoor recreation or gardening space.
With 1,375 sqft spread across two levels including a loft, the individual room sizes may feel constrained for buyers requiring more spacious living areas.
Live smart, and live easy in Gilbert! This move-in ready 3 bedroom, 2.5 bath home features a light-filled layout with a flexible loft that delivers the space you need and the lifestyle you want. Thoughtful two-story design offers privacy and flow, while the loft adapts to your life - office, lounge, or playroom. Enjoy a low-maintenance backyard set for relaxing or entertaining. Located near shopping, dining, and daily convenience, this home checks all the boxes for comfort and value. Opportunities like this don't last--come see it today!
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 | 2,912 | 6,891 | 6% |
| Price | $399.9K | $390.0K | 50% |
| Price per sq ft | $291 | $202 | 81% |
| Built year | 2002 | 2000 | 60% |
| HOA | $161 | $139 | 64% |
| Days on market | 25 | 3072 | 1% |
May 14, 2026
$399,900
Initial Listing