1633 E LAKESIDE Drive 122, Gilbert, AZ 85234, Gilbert, 85234 - 2 bed, 2 bath
Loading property details...
Gilbert, AZ 85234
This property presents a Strong Value Opportunity with a List Price of $299,900—positioned well below the $283,121 Fair Market Value by -5%. While the property requires cosmetic updates given its Condition Rating of 4, the unit offers an upstairs end-unit layout with vaulted ceilings and a private balcony. Located in the desirable Val Vista Lakes community, residents enjoy extensive resort-style amenities and proximity to top-rated schools like Patterson Elementary. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add project in a prime Gilbert location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1633 E LAKESIDE Drive 122 Subject | $299,900* List Price | 2 | 2 | 890 | $318 | - |
A 1633 E LAKESIDE Drive 156 Sold | $305,000 | 2 | 2 | 975 | $313 | 0.1 mi |
B 1633 E LAKESIDE Drive 167 Active | $310,000 List Price | 2 | 2 | 890 | $348 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1996, this 30-year-old property appears to be in mostly original condition. The kitchen features dated white appliances, coil-top range, and laminate countertops, while the living areas show older carpeting. While functional and well-maintained, the home requires cosmetic updates and likely system overhauls due to its age.
Residents benefit from the extensive Val Vista Lakes HOA package, including access to community pools, spas, tennis, pickleball, volleyball courts, and a fitness center.
As an upstairs end unit with vaulted ceilings and a private garage, this property offers superior privacy and a more open, airy feel than standard interior units.
The property is situated in a highly sought-after Gilbert neighborhood, located just 0.11 miles from Val Vista Lakes Elementary School and close to parks and fishing.
With only 890 square feet for a two-bedroom, two-bathroom configuration, the interior may feel restrictive for buyers seeking larger living areas or storage.
A recent price reduction from $315,000 to $299,900 suggests the property may have faced challenges with its initial valuation relative to its size and condition.
Step into the convenience of condo living. This 2bd/2bath upstairs, end unit includes a private garage and has plenty of living area including formal living & dining areas, fireplace, open kitchen with breakfast bar, garden window, and ample cabinet & counter space. Spacious primary suite with double closet and full bath. Separate guest room & full bath. Enjoy your own private balcony. Vaulted ceilings give this home an open and airy appeal. Plenty of HOA amenities to enjoy too; including: community pools & spas, tennis, racquet & pickleball and volleyball courts, fitness & rec centers, parks, fishing and more! Don't wait! Make it yours today!
No exterior & parking available.
Grades PK-6 • 0.1 mi
Grades PK-6 • 0.8 mi
Grades 7-8 • 4.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 890 | 1,176 | 14% |
| Lot Size | 939 | 3,798 | 29% |
| Price | $299.9K | $0 | 57% |
| Price per sq ft | $337 | $0 | 86% |
| Built year | 1996 | 1987 | 86% |
| HOA | $159 | $109 | 71% |
| Days on market | 14 | 1514 | 14% |
May 31, 2026
$299,900
$315,000
-5% Price Drop
Initial Listing
May 23, 2026
$315,000
Initial Listing