216 E WASHINGTON Avenue, Gilbert, AZ 85234, Gilbert, 85234 - 3 bed, 1 bath
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Gilbert, AZ 85234
This Renovated Single Family Residence represents a Strong Value Opportunity, listed at $549,000—positioned above the $507,388 Fair Market Value. While the list price reflects a premium, the property features a Mint Condition Rating following a high-end renovation, including a modern open-concept kitchen. Located in Gilbert’s vibrant Downtown Heritage District, it offers exceptional walkability and access to top-rated schools like Burk Elementary. This turnkey home is an ideal acquisition for Owner-Occupants seeking a lifestyle-focused property or first-time buyers prioritizing location and modern finishes.
Property is new construction or fully renovated.
Although built in 1972, the property has undergone a complete high-end renovation within the last 5 years. It features a modern open-concept kitchen with quartz countertops, stainless steel appliances, updated flooring, and contemporary fixtures, placing it in mint, move-in ready condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7170, living area = 1032.
Situated in Gilbert's sought-after Downtown Heritage District, the property offers exceptional walkability to the area's premier dining, shopping, and nightlife.
The home features comprehensive interior updates, highlighted by a stylish open-concept kitchen and dining area that caters to contemporary buyer preferences.
The home includes only one bathroom for three bedrooms, which may pose a significant inconvenience for families and impact overall marketability.
At 1,032 square feet for a $549,000 list price, the property carries a high price-per-square-foot premium that may challenge appraisal values.
Beautifully renovated home in Gilbert's Downtown Heritage District. Steps away from the best restaurants and nightlife Gilbert has to offer. This cozy home has so much to offer! Renovations throughout the property are highlighted by an open-concept kitchen/ dining room!
No exterior & parking available.
Grades PK-6 • 0.6 mi
Grades 6-8 • 0.7 mi
Grades 8-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 47% |
| Baths | 1.0 | 3.0 | 1% |
| Square foot | 1,032 | 2,062 | 1% |
| Lot Size | 7,170 | 6,839 | 60% |
| Price | $549.0K | $454.8K | 71% |
| Price per sq ft | $532 | $233 | 97% |
| Built year | 1972 | 1994 | 1% |
| HOA | $0 | $80 | 21% |
| Days on market | 52 | 2540 | 1% |
Apr 16, 2026
$549,000
Initial Listing