1740 S HERITAGE Drive, Gilbert, AZ 85295, Gilbert, 85295 - 5 bed, 3 bath
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1740 S HERITAGE Drive
Gilbert, AZ 85295
ACTIVE
CONDITION: EXCELLENT
5Beds
3Baths
2,348Sq Ft
15,000Lot Size
Property Price
LIST PRICE$670,000
EST. MARKET VALUE
$691,940
3% BelowMARKET VALUE
SUMMARY
This Turnkey Single-Family Residence is a Strong Value Opportunity, listed at $700,000—positioned well below the $711,596 Fair Market Value by 1.6%. This valuation gap offers $11,596 in Instant Equity. Featuring a remodeled granite kitchen, newer flooring, and an Excellent Condition Rating, this home is move-in ready. Situated on a massive 15,000 sqft lot near top-rated schools like South Valley Jr. High, it offers immense potential for custom outdoor expansion. This is an ideal acquisition for Owner-Occupants or growing families seeking long-term value.
Estimated Market Value
$691,940+$21,940 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 |
|---|---|---|---|---|---|---|
★ 1740 S HERITAGE Drive Subject | $670,000* List Price | 5 | 3 | 2,348 | $295 | - |
A 1503 E IVANHOE Street Sold | $762,000 | 4 | 2 | 2,374 | $321 | 0.8 mi |
B 1494 E TULSA Street Sold | $725,000 | 5 | 3 | 2,603 | $279 | 0.8 mi |
C 1151 E PONY Lane Sold | $557,500 | 3 | 2 | 1,729 | $322 | 0.8 mi |
D 2053 S RED ROCK Court Pending | $629,000 List Price | 4 | 2 | 2,374 | $265 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
While built in 2000, the property has undergone a recent high-quality renovation (likely <5 years) featuring a remodeled kitchen with granite countertops, white cabinetry, and stainless appliances. The interior boasts newer flooring and fresh neutral finishes throughout, putting it in mint, move-in-ready condition.
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 = 15000, living area = 2348.
- Expansive Lot Size
Situated on over 1/3 of an acre (15,000 sqft), this property offers rare outdoor space in Gilbert, providing ample room for a pool, guest house, or RV garage.
- Modernized Kitchen & Interior
The home features a beautifully remodeled kitchen with granite countertops and white cabinetry, complemented by newer flooring and fresh neutral finishes throughout.
CONSRISKS & DEFICIENCIES
- Unfinished Landscaping
The backyard is currently a blank slate, requiring a significant additional financial investment and time from the buyer to design and install functional landscaping.
- Potential System Aging
While the interior is aesthetically updated, the home was built in 2000, meaning original major systems like the roof or HVAC may be approaching the end of their typical lifespan.
About 1740 S HERITAGE Drive
Space is becoming one of Gilbert's greatest luxuries, and this home delivers. Situated on over 1/3 of an acre, this Single story 5-bedroom, 3-bath ranch combines thoughtful updates with room to dream. The remodeled kitchen is filled with natural light and features white cabinetry, granite counters, a large island, coffee bar, and pantry overlooking the expansive great room. Newer flooring and fresh neutral finishes create a clean, timeless feel throughout. The oversized primary suite includes a soaking tub, separate shower, dual vanities, and an impressive walk-in closet. The backyard is intentionally left for your imagination--whether that's a resort-style pool, guest casita, RV garage, sport court, or the ultimate entertaining space. Endless Potential
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2000
- Lot Size
- 15,000 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $223 / Month
Neighborhood Insights
Gilbert Unified Schools
Ashland Elementary School
Grades PK-6 • 0.6 mi
7/10
South Valley Jr. High School
Grades 7-8 • 0.4 mi
7/10
Campo Verde High School
Grades 8-12 • 2.8 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,348 | 2,210.986 |
| Lot Size | 15,000 | 7,346.256 |
| Price | $670.0K | $598.8K |
| Price per sq ft | $285 | $280 |
| Built year | 2000 | 2003 |
| HOA | $223 | $224 |
| Days on market | 33 | 71 |
Pricing History
Listed for Sale
Aug 29, 2026
$670,000
$689,900
-3% Price Drop
Initial Listing
Price Change
Aug 17, 2026
$689,900
$700,000
-1% Price Drop
Initial Listing
Price Change
Aug 7, 2026
$700,000
Initial Listing
Sold
Jan 18, 2000
$180,855
Public Record