1662 S Martingale Road, Gilbert, AZ 85295, Gilbert, 85295 - 2 bed, 3 bath
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Gilbert, AZ 85295
This Turnkey Single Family Residence is a Prime Investment Opportunity, listed at $385,000—positioned well below the $396,053 Fair Market Value by 2%. This valuation gap offers $11,053 in Instant Equity for the buyer. Featuring a Good Condition Rating with 2024 interior/exterior paint and new carpet, this home offers a low-maintenance lifestyle near Top-Rated Schools like Higley Elementary. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in-ready home in Gilbert.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1662 S Martingale Road Subject | $385,000* List Price | 2 | 3 | 1,460 | $271 | - |
A 2220 S BUCKAROO Trail Sold | $432,000 | 3 | 3 | 1,764 | $245 | 0.7 mi |
B 2842 E MEGAN Street Sold | $435,000 List Price | 3 | 3 | 1,488 | 0.7 mi | |
C 4027 E MILKY Way Sold | $378,000 | 2 | 3 | 1,347 | $281 | 1.0 mi |
D 3342 E MILKY Way Active Under Contract | $425,000 List Price | 3 | 3 | 1,488 | $286 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2009 (17 years old), this property fits the 'Good' criteria as a well-maintained, move-in-ready home. It features a 2024 refresh with new interior/exterior paint and brand-new carpeting. While the kitchen and bathrooms appear to be original to the build date rather than recently renovated, they are functional and clean. Systems like the HVAC appear maintained, and the overall condition shows no immediate need for major repairs.
Middle School: Higley Elementary School (9/10).
The home is move-in ready with a freshly painted interior and exterior (2024) and brand-new carpeting throughout, significantly reducing immediate maintenance costs for a new owner.
Situated in the desirable Lyons Gate community, the property offers access to three pools and extensive parks while being less than two miles from SanTan Village and the Loop 202.
With only two bedrooms, the home may face a narrower buyer pool compared to the more common three-bedroom configurations found in suburban Gilbert.
The small lot size and low-maintenance side yard offer limited space for gardening, pets, or large outdoor gatherings compared to traditional single-family lots.
This move-in-ready home is nestled in the highly desirable master-planned community of Lyons Gate in Gilbert. Featuring a freshly painted interior and brand-new carpet throughout, as well as a newly painted exterior in 2024. The downstairs boasts a bright, open-concept living area that flows seamlessly into a spacious eat-in kitchen complete with all appliances. Upstairs, you will find two bedrooms, two bathrooms, and a versatile loft area that serves as the perfect space for a home office nitch. Outside, the home features a cute, low-maintenance side yard, while the HOA takes care of all front yard landscaping for ultimate convenience. Living here grants you access to three sparkling community pools, endless playgrounds equipped with picnic areas and grills, and countless lush greenbelts winding throughout the neighborhood. This home offers incredibly quick access to the Loop 202, local grocery stores, and excellent dining, and is located less than two miles from the premier shopping and entertainment at SanTan Village Mall.
No exterior & parking available.
Grades PK-8 • 0.7 mi
Grades 7-8 • 1.0 mi
Grades PK-8 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,460 | - |
| Lot Size | 3,479 | - |
| Price | $385.0K | $554.5K |
| Price per sq ft | $264 | $287 |
| Built year | 2009 | 0 |
| HOA | $150 | $0 |
| Days on market | 37 | 2717 |
Jun 15, 2026
$385,000
Initial Listing
May 15, 2009
$155,672
Public Record