1541 S MALABAR Lane, Gilbert, AZ 85296, Gilbert, 85296 - 3 bed, 3 bath
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Gilbert, AZ 85296
This Updated Agritopia Cottage is a Strong Value Opportunity, listed at $490,000—positioned well below the $537,008 Fair Market Value by 8%. This valuation gap provides $47,008 in Instant Equity for the incoming buyer. Featuring quartz countertops, hardwood flooring, and a Move-in Ready Condition Rating, the interior requires no immediate capital expenditure. Located in a premier walkable community near the 9/10 rated Higley Elementary, the property balances lifestyle perks with strong financial fundamentals. This is an ideal acquisition for Owner-Occupants seeking a turnkey sanctuary or Buy-and-Hold Investors targeting high-demand Gilbert real estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1541 S MALABAR Lane Subject | $490,000* List Price | 3 | 3 | 1,464 | $367 | - |
A 1324 S BANNING Street Sold | $485,000 | 3 | 3 | 1,464 | $331 | 0.4 mi |
B 3060 E SUMMERSET Street Sold | $475,000 | 3 | 3 | 1,321 | $360 | 0.2 mi |
C 3068 E TAMARISK Street Sold | $542,000 | 4 | 3 | 1,991 | $272 | 0.2 mi |
D 1533 S MULBERRY Street Sold | $574,000 | 3 | 3 | 1,803 | $318 | 0.0 mi |
E 3027 E HOBART Street Sold | $545,000 List Price | 3 | 3 | 1,803 | 0.2 mi | |
F 3081 E CAMELLIA Drive Active | $565,000 List Price | 3 | 3 | 1,321 | $428 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2005, this property is move-in ready and falls within the 10-20 year age bracket for well-maintained homes. It features significant modern updates including quartz countertops, hardwood and tile flooring, and updated light fixtures. The interior is clean and cohesive with no signs of deferred maintenance, though it does not qualify as 'excellent' as it is not a brand-new construction or a total recent gut renovation.
Middle School: Higley Elementary School (9/10).
Situated in the highly sought-after Agritopia neighborhood, this home offers a unique lifestyle with access to an organic farm, community events, and popular local dining just steps away.
The interior is move-in ready, featuring high-end finishes such as quartz countertops, hardwood flooring, and a cohesive, neutral color palette that appeals to contemporary tastes.
The association fee of $839 is considerably higher than typical Gilbert subdivisions, which may deter budget-conscious buyers or impact monthly affordability.
With a modest lot size of 2,625 square feet, the property offers very little private yard space, which may be a drawback for those seeking significant outdoor area or privacy.
Located in the desirable Agritopia community, this updated cottage-style home offers charm and modern finishes in a prime Gilbert location. The 1,464 sq ft layout features tile flooring on the main level and hardwood upstairs, with neutral paint and a bright, move-in ready interior. The kitchen includes quartz countertops, ample cabinetry, and opens to the main living space--ideal for everyday living and entertaining. Bedrooms and bathrooms are well maintained with a clean, cohesive style. Agritopia is known for its tree-lined streets, community events, organic farm, and convenient access to dining, coffee, and parks. A great opportunity to own in one of Gilbert's most sought-after neighborhoods.
No exterior & parking available.
Grades PK-8 • 1.1 mi
Grades 7-8 • 1.4 mi
Grades PK-8 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 48% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,464 | 2,089 | 11% |
| Lot Size | 2,625 | 6,743 | 4% |
| Price | $490.0K | $445.0K | 60% |
| Price per sq ft | $335 | $232 | 89% |
| Built year | 2005 | 2001 | 65% |
| HOA | $839 | $140 | 99% |
| Days on market | 15 | 2527 | 1% |
Apr 7, 2026
$490,000
Initial Listing