2062 E PALOMINO Drive, Gilbert, AZ 85296, Gilbert, 85296 - 5 bed, 3 bath
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Gilbert, AZ 85296
This Updated 5-Bedroom Pool Home represents a Prime Investment Opportunity, listed at $605,000—positioned well below the $627,096 Fair Market Value by 3%. This strategic pricing secures $22,096 in Instant Equity for the incoming buyer. Maintaining a Good Condition Rating, the residence features a brand-new HVAC system (2026), an Updated Granite Kitchen, and a Sparkling Pool with a recently resurfaced deck. Situated within the desirable Finley Farms community near Finley Farms Elementary, this rare layout balances immediate financial upside with premium lifestyle amenities. It is an ideal acquisition for Owner-Occupants or growing families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2062 E PALOMINO Drive Subject | $600,000* List Price | 5 | 3 | 2,249 | $278 | - |
A 1663 E SPUR Street Sold | $590,000 | 3 | 2 | 2,159 | $273 | 0.5 mi |
B 2150 E PINTO Drive Sold | $425,000 | 3 | 3 | 1,610 | $264 | 0.1 mi |
C 1511 E BLACK DIAMOND Drive Pending | $560,000 List Price | 4 | 2 | 1,925 | $291 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition with significant recent upgrades that elevate it above the standard for its 1996 build date. Key improvements include a brand-new HVAC system (2026), a kitchen renovated approximately five years ago with granite countertops and stainless steel appliances, and fresh interior paint with new wood-style flooring and carpet. While some original elements like windows and ceiling fans remain, the major systems (pool pump, patio roof, HVAC) have been well-maintained or replaced, meeting the criteria for a high-quality 'Good' rating.
The home features significant high-ticket improvements including a brand-new HVAC system (March 2026), a newer patio roof, fresh interior paint, and new flooring throughout, minimizing immediate capital expenditures for the buyer.
Ideal for the Arizona climate, the property boasts a sparkling pool with a recently resurfaced deck and a newer pool pump, providing a ready-to-use outdoor entertainment space.
Offering five full bedrooms in a community where homes are rarely sold, this layout provides exceptional utility and value for larger families or those needing multiple home office spaces.
At 5,502 square feet, the lot is relatively small for a five-bedroom home with a pool, which may result in limited green space and closer proximity to neighboring properties.
While the kitchen and main surfaces have been refreshed, the 1996 construction suggests that original windows and certain plumbing or electrical components may eventually require modernization to match the recent upgrades.
Rare, updated, 5 bedroom pool home with large yard and in a community where homes are rarely sold. Lovingly maintained and thoughtfully updated, it features 5 bedrooms, 3 bathrooms, and a sparkling pool--ideal for Arizona living. Recent upgrades include fresh interior paint, wood-style flooring throughout the main level, new carpet, and a resurfaced patio and pool deck. The kitchen was updated approximately five years ago with granite countertops, refreshed cabinetry, a gas stove, and a new refrigerator. Additional improvements include a newer dishwasher, washer and dryer, a pool pump replaced approximately three years ago, and a patio roof replaced within the past four years. A rare opportunity in a prime Gilbert location--don't miss it. Grass photos enhanced, some photos virtually stage NEW HVAC unit March 2026!
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades 7-8 • 0.9 mi
Grades 8-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 82% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,249 | 2,089 | 56% |
| Lot Size | 5,502 | 6,891 | 24% |
| Price | $600.0K | $390.0K | 79% |
| Price per sq ft | $267 | $202 | 73% |
| Built year | 1996 | 1999 | 23% |
| HOA | $198 | $139 | 65% |
| Days on market | 100 | 3072 | 1% |
Apr 23, 2026
$600,000
$605,000
-1% Price Drop
Initial Listing
Feb 28, 2026
$605,000
Initial Listing