1531 E BLACK DIAMOND Drive, Gilbert, AZ 85296, Gilbert, 85296 - 2 bed, 2 bath
Loading property details...
1531 E BLACK DIAMOND Drive
Gilbert, AZ 85296
ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,281Sq Ft
5,497Lot Size
Property Price
LIST PRICE$425,000
EST. MARKET VALUE
$429,029
SUMMARY
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $425,000—positioned well below the $429,030 Fair Market Value by 0.94%. This valuation gap offers $4,030 in Instant Equity. Featuring a 2024 A/C and water heater and a Condition Rating of 3, the home offers a Golf Course View and an Extended Covered Patio. Located near Top-Rated Schools like Mesquite Elementary, this property is an ideal fit for first-time buyers or Owner-Occupants seeking a move-in ready lifestyle.
Estimated Market Value
$429,029
Based on Realkey algorithm analyzing recent comparable sales in Gilbert.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1531 E BLACK DIAMOND Drive Subject | $425,000* List Price | 2 | 2 | 1,281 | $335 | - |
A 838 E CATHY Drive Sold | $464,500 | 3 | 2 | 1,370 | $339 | 0.9 mi |
B 2332 E STOTTLER Drive Sold | $448,000 | 3 | 2 | 1,145 | $391 | 1.0 mi |
C 1086 E ARABIAN Drive Sold | $445,000 | 3 | 2 | 1,544 | $288 | 0.7 mi |
D 1848 E SARATOGA Street Sold | $509,000 | 3 | 2 | 1,547 | $329 | 0.8 mi |
E 965 S HERITAGE Drive Sold | $369,000 | 2 | 2 | 1,214 | $304 | 0.9 mi |
F 1300 S Heritage Drive Pending | $465,000 List Price | 3 | 2 | 1,201 | $387 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1996, the property is well-maintained and move-in ready with significant recent system updates, including a 2024 A/C and water heater. The interior features an upgraded primary walk-in shower, stainless steel appliances, and clean tile flooring throughout, meeting the criteria for a functional and updated home.
PROSSTRENGTHS & OPPORTUNITIES
- Golf Course Frontage
The property boasts a premium location within the Western Skies community, featuring view fencing that overlooks the golf course and an extended covered patio with a built-in BBQ.
- Recent Mechanical Upgrades
Buyers benefit from significant peace of mind and energy efficiency with a brand-new 2024 A/C system and water heater already installed.
- Modernized Primary Suite
The primary bedroom offers a contemporary feel with direct patio access and a renovated en suite bathroom featuring dual sinks, a trendy barn door, and an upgraded walk-in shower.
CONSRISKS & DEFICIENCIES
- Limited Bedroom Count
With only two bedrooms and 1,281 square feet of living space, the home may have restricted appeal for growing families or those requiring multiple home offices.
- 1990s Era Footprint
Built in 1996, the home's overall square footage and layout may feel compact compared to newer residential developments in the Gilbert area.
About 1531 E BLACK DIAMOND Drive
Set in Gilbert's Western Skies golf course community, this inviting home offers easy living with desert landscaping and artificial turf, plus a 2024 A/C and water heater. Inside, vaulted ceilings and an open floorplan fill the home with natural light across tile flooring. The spacious great room flows into the breakfast nook and kitchen, featuring stainless steel appliances, island and breakfast bar. The laundry room is conveniently located off the kitchen. The generous primary suite opens to the patio and features an en suite bath with dual sinks, barn door, upgraded walk-in shower and walk-in closet. Enjoy an extended covered patio and view fencing overlooking the golf course & a built-in BBQ!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1996
- Lot Size
- 5,497 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $160 / Month
Neighborhood Insights
Gilbert Unified Schools
Mesquite Elementary School
Grades PK-6 • 1.1 mi
7/10
South Valley Jr. High School
Grades 7-8 • 1.6 mi
7/10
Campo Verde High School
Grades 8-12 • 3.5 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,281 | 2,210.986 |
| Lot Size | 5,497 | 7,346.256 |
| Price | $425.0K | $598.8K |
| Price per sq ft | $332 | $280 |
| Built year | 1996 | 2003 |
| HOA | $160 | $224 |
| Days on market | 13 | 71 |
Pricing History
Listed for Sale
Aug 27, 2026
$425,000
Initial Listing