1566 E CHEYENNE Street, Gilbert, AZ 85296, Gilbert, 85296 - 3 bed, 2 bath
Loading property details...
1566 E CHEYENNE Street
Gilbert, AZ 85296
ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,655Sq Ft
7,736Lot Size
Property Price
LIST PRICE$488,000
EST. MARKET VALUE
$504,469
3% BelowMARKET VALUE
SUMMARY
This Move-In Ready Single Family Residence is a Prime Investment Opportunity, listed at $499,000—positioned well below the $511,387 Fair Market Value by 2%. This valuation gap offers $12,387 in Instant Equity. Featuring a Good Condition Rating, the home boasts a Granite Kitchen, new flooring, and a private Backyard Pool. Located near top-rated elementary schools, this property balances lifestyle comfort with financial stability. It is an ideal acquisition for Owner-Occupants seeking a turnkey home or first-time buyers looking to build immediate wealth.
Estimated Market Value
$504,469+$16,469 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 1566 E CHEYENNE Street Subject | $488,000* List Price | 3 | 2 | 1,655 | $305 | - |
A 1694 E SIERRA MADRE Avenue Sold | $460,000 | 4 | 2 | 1,805 | $255 | 0.2 mi |
B 2237 E AUSTIN Drive Sold | $535,000 | 3 | 2 | 1,719 | $311 | 1.0 mi |
C 1848 E SARATOGA Street Sold | $509,000 | 3 | 2 | 1,547 | $329 | 0.6 mi |
D 1435 E SILVER CREEK Road Sold | $570,000 | 4 | 3 | 2,039 | $280 | 0.2 mi |
E 2233 E RAWHIDE Street Sold | $478,000 | 4 | 2 | 1,642 | $291 | 0.9 mi |
F 1269 E CENTURY Avenue Sold | $439,500 | 3 | 2 | 1,655 | $266 | 0.4 mi |
G 1476 E SIERRA MADRE Avenue Sold | $503,000 | 3 | 2 | 1,655 | $304 | 0.1 mi |
H 1086 E ARABIAN Drive Sold | $445,000 | 3 | 2 | 1,544 | $288 | 0.9 mi |
I 1800 E SAGEBRUSH Street Pending | $545,000 List Price | 4 | 2 | 1,710 | $319 | 0.5 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 updates including new flooring throughout, a newly updated bathroom, and a kitchen featuring granite countertops and stainless steel appliances. Recent exterior maintenance, such as the refinished pool and new cool decking, further supports a 'Good' rating despite the home's age.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7736, living area = 1655.
- Outdoor Entertainment Oasis
The backyard is a premier feature of the home, offering a refinished pool with new cool decking, a built-in gas BBQ kitchen, and a tranquil water feature designed for the Arizona lifestyle.
- Modern Interior Upgrades
This move-in-ready residence features significant recent improvements, including new flooring throughout, granite countertops, cherrywood cabinetry, and updated bathrooms, providing a contemporary feel.
CONSRISKS & DEFICIENCIES
- Average High School Rating
While the elementary and junior high schools are well-rated at 7/10, the assigned Gilbert High School has a lower rating of 5/10, which may be a concern for education-focused buyers.
- Property Age
Built in 1996, the home is approaching 30 years of age, which may necessitate future investments in major systems or structural maintenance despite the recent cosmetic renovations.
About 1566 E CHEYENNE Street
Welcome to the lifestyle you've been dreaming of in the highly desirable Val Vista Place community, where the best of Mesa and Gilbert is just minutes from your front door. Perfectly situated between Gilbert's vibrant Heritage District and the shopping and dining destinations of Dana Park Village Square, this move-in-ready, north/south-facing home offers the ideal blend of comfort, convenience, and Arizona outdoor living. Step inside to discover a bright floor plan highlighted by soaring vaulted ceilings, abundant natural light, and newly installed flooring throughout. The 1655sf spacious living floor plan flows seamlessly from one space to the next. The beautifully appointed kitchen is the heart of the home, with granite countertops, a center island, rich cherrywood cabinetry... and stainless steel appliances that create a welcoming space for everyday living and effortless entertaining. The oversized primary suite is a true retreat, featuring a generous walk-in closet, private ensuite bath, and direct access to the backyard--perfect for an early morning swim or a peaceful evening under the stars. Guests will appreciate the newly updated bathroom, while recent improvements, including new flooring, refinished pool surfacing, and brand-new cool decking, provide modern style and peace of mind. Outside, your own backyard oasis awaits. Designed for year-round Arizona living, the expansive landscaped yard features an inviting covered patio, outdoor kitchen with built-in gas BBQ, sparkling crystal-blue pool, and tranquil water feature. Whether you're hosting weekend cookouts, celebrating with family and friends, or simply unwinding after a long day, this outdoor space is made for creating lasting memories. Beyond the home, Val Vista Place offers exceptional community amenities, including a basketball court, sand volleyball court, playground, shaded ramada with picnic tables, charcoal grills, and expansive green spaces that encourage neighbors to gather and enjoy the Arizona sunshine. This is more than a home--it's an opportunity to experience the vibrant lifestyle that makes Mesa and Gilbert two of the Valley's most sought-after communities.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1996
- Lot Size
- 7,736 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $185 / Month
Neighborhood Insights
Gilbert Unified Schools
Mesquite Elementary School
Grades PK-6 • 0.7 mi
7/10
Greenfield Junior High School
Grades 7-8 • 1.1 mi
7/10
Gilbert High School
Grades 8-12 • 0.7 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,655 | 2,210.986 |
| Lot Size | 7,736 | 7,346.256 |
| Price | $488.0K | $598.8K |
| Price per sq ft | $295 | $280 |
| Built year | 1996 | 2003 |
| HOA | $185 | $224 |
| Days on market | 44 | 71 |
Pricing History
Listed for Sale
Sep 4, 2026
$488,000
$489,000
+0% Price Increase
Initial Listing
Price Change
Aug 28, 2026
$489,000
$499,000
-2% Price Drop
Initial Listing
Price Change
Jul 27, 2026
$499,000
Initial Listing