1507 E ASPEN Avenue, Gilbert, AZ 85234, Gilbert, 85234 - 4 bed, 2 bath
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Gilbert, AZ 85234
This Value-Add Residential Asset is listed at $480,000, currently positioned near its $449,531 Fair Market Value. While the interior maintains a Condition Rating of 4 and requires a full cosmetic overhaul, the property provides a solid foundation with recently replaced major systems, including the roof, HVAC, and water heater. Located in the sought-after Vista Estancia community near top-rated Patterson Elementary, this 4-bedroom home offers substantial forced appreciation potential. It is a prime acquisition for Fix-and-Flip Investors or Contractors looking to build equity through a strategic renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1507 E ASPEN Avenue Subject | $499,900* List Price | 4 | 2 | 2,175 | $209 | - |
A 850 N SAINT ELENA Street Sold | $449,000 List Price | 3 | 2 | 1,954 | 0.7 mi | |
B 1438 E MINERAL Road Sold | $578,500 | 4 | 3 | 2,229 | $260 | 0.4 mi |
C 1438 E MINERAL Road Sold | $578,500 | 4 | 3 | 2,229 | $260 | 0.4 mi |
D 1639 E REDFIELD Road Active | $450,000 List Price | 4 | 2 | 1,820 | $247 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1995, the property is nearly 30 years old and retains original, dated kitchen and bathroom finishes. While major systems like the roof and HVAC have been replaced, the interior requires cosmetic updates and minor repairs to meet modern standards, as noted in the listing's call for 'sweat equity'.
The roof, HVAC system, and water heater have all been recently replaced, providing peace of mind and significantly reducing immediate capital expenditure on high-ticket maintenance items.
Marketed as a 'flip or sweat equity' opportunity, this 4-bedroom home offers a spacious 2,175 sqft layout with significant upside potential for investors or buyers looking to build equity through renovation.
Situated in the desirable Vista Estancia neighborhood of Gilbert, the property is within walking distance to the highly-rated Patterson Elementary School (Rating 8), enhancing its long-term resale value.
The interior is in original 1995 condition and requires a full aesthetic overhaul, including flooring, cabinetry, and paint, to meet modern market standards and buyer expectations.
Due to the level of updating needed, the property is not move-in ready, which may limit the buyer pool to contractors, investors, or those with significant renovation experience.
Refreshed 4 bed 2 bath home with new interior and exterior paint, vinyl plank flooring, roof replaced, HVAC replaced, and water heater replaced. Nice sized lot with low maintenance landscaping, vaulted ceilings, and an ideal location with low HOA fees and a very nice neighborhood. Great layout, great location, and priced to sell quickly.
No exterior & parking available.
Grades PK-6 • 0.3 mi
Grades 8-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 49% |
| Square foot | 2,175 | 2,075.5 | 59% |
| Lot Size | 6,874 | 6,839 | 51% |
| Price | $499.9K | $454.8K | 59% |
| Price per sq ft | $230 | $228 | 50% |
| Built year | 1995 | 1994 | 54% |
| HOA | $105 | $82 | 65% |
| Days on market | 40 | 2540 | 1% |
May 31, 2026
$499,900
$480,000
+4% Price Increase
Initial Listing
Apr 28, 2026
$480,000
Initial Listing