1787 E ERIE Street, Gilbert, AZ 85295, Gilbert, 85295 - 3 bed, 2 bath
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Gilbert, AZ 85295
This Modernized Single-Story Residence is a High-Potential Investment Opportunity, with a List Price of $509,900 positioned well below the $612,610 Fair Market Value by 16%. This significant valuation gap secures $102,710 in Instant Equity for the buyer. The home maintains a Good Condition Rating, featuring a granite kitchen, remodeled primary bath, and a private lot with no neighbors behind or to the east. Located near 7-rated schools, it offers a turnkey lifestyle with substantial built-in financial upside. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors seeking a high-equity Gilbert asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1787 E ERIE Street Subject | $509,900* List Price | 3 | 2 | 1,655 | $370 | - |
A 1831 E TOLEDO Street Sold | $430,000 List Price | 3 | 2 | 1,401 | 0.1 mi | |
B 1741 E CARLA VISTA Drive Sold | $490,000 | 3 | 3 | 1,617 | $303 | 0.1 mi |
C 1933 E DUBLIN Street Sold | $484,900 List Price | 3 | 2 | 1,688 | 0.7 mi | |
D 1891 S VOYAGER Drive Sold | $479,500 | 3 | 3 | 1,716 | $279 | 0.5 mi |
E 1789 E CARLA VISTA Drive Active | $475,000 List Price | 3 | 3 | 1,617 | $294 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1998-built home is in move-in ready condition with several key updates that elevate it above the 'fair' category. The interior features modern wood-look flooring, neutral paint, and vaulted ceilings. The kitchen has been updated with granite countertops, a contemporary tile backsplash, and stainless steel appliances. Additionally, the primary bathroom has been remodeled, and the exterior features low-maintenance artificial turf. While the structural age is nearly 30 years, the level of interior renovation and maintenance aligns with the 'good' criteria.
The property occupies a premium lot with no two-story homes behind and no neighbors to the east, offering a rare level of seclusion within the community.
The home features high-end upgrades including granite countertops, stainless steel appliances, and a fully remodeled primary bathroom with dual sinks and a separate tub and shower.
Both the front and backyards are equipped with artificial turf, providing year-round curb appeal and significant water savings with minimal upkeep required.
Built in 1998, the property may soon require capital investments for major systems like the roof or HVAC if they have not been recently replaced.
The 5,550 square foot lot is relatively modest, which may limit outdoor utility for buyers seeking a large yard or space for a private pool.
Located in the highly sought-after Gilbert Ranch community, this well-maintained single-story home offers a bright and spacious layout with soaring vaulted ceilings, separate living and family rooms, and modern neutral finishes throughout. The open kitchen features granite countertops, stainless steel appliances, and a center island with breakfast bar, while the remodeled primary bathroom offers dual sinks and a separate tub and shower. Both the front and backyard feature low-maintenance landscaping with artificial turf, and the backyard is very private with no two-story homes behind and no neighbors on the east side. Prime location close to shopping, restaurants, and freeways.
No exterior & parking available.
Grades PK-6 • 0.8 mi
Grades 7-8 • 1.3 mi
Grades 8-12 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 49% |
| Baths | 2.0 | 3.0 | 30% |
| Square foot | 1,655 | 2,116 | 20% |
| Lot Size | 5,550 | 7,477 | 38% |
| Price | $509.9K | $407.5K | 69% |
| Price per sq ft | $308 | $214 | 89% |
| Built year | 1998 | 2004 | 6% |
| HOA | $88 | $122 | 36% |
| Days on market | 12 | 2464 | 1% |
Apr 10, 2026
$509,900
Initial Listing