2042 E DIAS Drive, Gilbert, AZ 85234, Gilbert, 85234 - 5 bed, 3 bath
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Gilbert, AZ 85234
This Spacious Val Vista Lakes Residence is a Strong Value Opportunity, listed at $749,500—positioned well below the $829,592 Fair Market Value by 9%. This valuation gap delivers $80,092 in Instant Equity for buyers. While the property holds a Fair Condition Rating and requires pool repairs, the 3,758 sqft layout features a Granite Kitchen and access to premier community amenities and top-rated Patterson Elementary. This asset offers significant upside through cosmetic modernization in a high-demand lakefront community. It is an ideal acquisition for Owner-Occupants seeking forced appreciation or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2042 E DIAS Drive Subject | $749,500* List Price | 5 | 3 | 3,758 | $221 | - |
A 1819 E LAKECREST Drive Sold | $760,000 List Price | 5 | 4 | 3,503 | 0.6 mi | |
B 1533 E DOUGLAS Avenue Sold | $550,000 List Price | 5 | 3 | 2,445 | 0.6 mi | |
C 1919 E CLIPPER Court Active Under Contract | $650,000 List Price | 5 | 3 | 2,549 | $255 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1994, the home shows a mix of aged and partially updated elements. While the kitchen features granite countertops and stainless steel appliances, the overall interior styling, including paint choices, light fixtures, and flooring, appears dated. The listing explicitly mentions the pool requires repair and the property is being sold in its current physical condition, which aligns with the 'fair' criteria of needing minor repairs and showing signs of being outdated.
Located in the prestigious Val Vista Lakes, residents benefit from high-end clubhouse facilities, lakefront access, and recreational options like pickleball courts and event halls.
With over 3,700 square feet, five bedrooms, and soaring ceilings, this home offers a generous and flexible floor plan ideal for large families or hosting guests.
The kitchen comes equipped with modern granite countertops and stainless steel appliances, providing a solid foundation for a contemporary culinary space.
The private pool requires repainting and refilling, and the property is sold in as-is condition, indicating potential for additional upfront repair costs.
The 'do not disturb occupant' instruction and as-is sale status suggest potential challenges with viewing the interior or securing immediate possession.
Spacious home located in the highly sought after VAL VISTA LAKES community, offering generous living areas, unique architectural features, and plenty of room to make it your own! This home features soaring ceilings, large windows that bring in a ton of natural light& a well-appointed kitchen w/ granite countertops, abundant cabinetry, and stainless steel appliances. Multiple living and entertaining spaces provide flexibility for everyday living and hosting. The backyard includes a private pool that has been repaired and is ready to be repainted & refilled! Residents enjoy access to premier clubhouse facilities, lakefront setting, pickleball courts and multiple event halls! Property is being sold in its current physical condition. PLEASE DO NOT DISTURB OCCUPANT.
No exterior & parking available.
Grades PK-6 • 0.5 mi
Grades PK-6 • 1.0 mi
Grades 7-8 • 3.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 84% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,758 | 2,039 | 95% |
| Lot Size | 8,455 | 6,913 | 70% |
| Price | $749.5K | $479.0K | 89% |
| Price per sq ft | $199 | $256 | 36% |
| Built year | 1994 | 1994 | 50% |
| HOA | $155 | $75 | 75% |
| Days on market | 41 | 2339 | 1% |
Mar 12, 2026
$749,500
Initial Listing