1520 W DEVON Drive, Gilbert, AZ 85233, Gilbert, 85233 - 4 bed, 2 bath
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Gilbert, AZ 85233
This Beautifully Updated Single-Level Home is a Strong Value Opportunity, listed at $709,000—positioned well below the $748,145 Fair Market Value by 5%. This valuation gap provides $39,145 in Instant Equity for the incoming buyer. Boasting a Condition Rating of 3, the residence features a modernized kitchen, wood-look tile flooring, and a sparkling pool on an oversized lot. Located in the premier The Islands community near top Gilbert amenities and schools rated 4-6, it perfectly balances lifestyle luxury with financial upside. This is an ideal acquisition for Owner-Occupants or growing families seeking a move-in-ready sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1520 W DEVON Drive Subject | $709,000* List Price | 4 | 2 | 2,393 | $313 | - |
A 1224 W SHERRI Drive Sold | $760,000 List Price | 4 | 3 | 2,856 | 0.3 mi | |
B 1032 S COPPER KEY Court Sold | $699,000 | 3 | 2 | 2,592 | $270 | 0.4 mi |
C 920 W GRAND CAYMEN Drive Sold | $716,500 | 5 | 3 | 2,597 | $276 | 0.7 mi |
D 1043 W IRIS Drive Active | $749,900 List Price | 4 | 2 | 2,484 | $302 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1993-built home is move-in ready and well-maintained, featuring significant updates that elevate it above the 'fair' category. The kitchen has been modernized with stainless steel appliances and stone countertops, and the home features contemporary wood-look tile flooring throughout the main living areas. While some elements like the cabinetry reflect an older style, the overall condition of the interior, updated fixtures, and the well-kept pool and exterior landscaping indicate a property that has been extensively updated within the last 5 to 15 years.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9927, living area = 2393.
Situated in the highly sought-after 'The Islands' community, the property offers a prime location near both Downtown Gilbert and Downtown Chandler with easy access to local lakes and parks.
This move-in ready home features a functional single-level layout with thoughtful updates throughout, including a full-home water filtration system and a desirable 3-car garage.
The assigned public schools carry ratings ranging from 4 to 6, which may be a drawback for families specifically seeking the highest-rated districts in the Gilbert area.
Built in 1993, the home may soon require attention to original major systems or structural components that typically reach their lifecycle limits after 30 years.
Welcome to THE ISLANDS! This beautifully updated single-level home offers 4 bedrooms and a bright, functional layout designed for everyday living and entertaining. Thoughtful upgrades throughout make it truly move-in ready, including a full-home water filtration system. Situated on a low-maintenance oversized lot, the backyard delivers Arizona living with a sparkling pool and inviting space perfect for relaxing or hosting. A 3-car garage and location just minutes from Downtown Chandler and Downtown Gilbert put shopping, dining, lakes, and parks within easy reach.
No exterior & parking available.
Grades PK-6 • 0.4 mi
Grades PK-6 • 1.0 mi
Grades 6-8 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,393 | 1,963 | 73% |
| Lot Size | 9,927 | 7,144 | 88% |
| Price | $709.0K | $443.0K | 91% |
| Price per sq ft | $296 | $230 | 78% |
| Built year | 1993 | 1994 | 45% |
| HOA | $453 | $102 | 99% |
| Days on market | 55 | 2291 | 1% |
Feb 26, 2026
$709,000
Initial Listing