
Gilbert, AZ 85296
This Renovated Ranch-Style Home is a Strong Value Opportunity, listed at $599,900—positioned well below the $630,837 Fair Market Value by 4%. This valuation gap offers $30,937 in Instant Equity for the buyer. Featuring a Good Condition Rating, the property includes Paid-Off Solar Panels, a Private Pool, and a rare basement layout on an oversized lot. Located minutes from Downtown Gilbert, this home is an ideal acquisition for Owner-Occupants seeking lifestyle flexibility or Buy-and-Hold Investors targeting high-demand areas.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 222 E SILVER CREEK Road Subject | $599,900* List Price | 3 | 2 | 2,432 | $259 | - |
A 278 E SAGEBRUSH Street Sold | $595,000 | 4 | 2 | 2,262 | $263 | 0.5 mi |
B 26 E PALO VERDE Street Sold | $615,000 | 5 | 3 | 2,904 | $212 | 0.2 mi |
C 462 E PINTO Drive Sold | $599,000 | 4 | 2 | 2,310 | $259 | 0.7 mi |
D 756 E PALOMINO Drive Sold | $653,000 | 5 | 3 | 2,220 | $294 | 0.9 mi |
E 649 E AVENIDA SIERRA MADRE -- Active | $560,000 List Price | 3 | 2 | 1,970 | $284 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1981 but features significant renovations that make it move-in ready. The kitchen has been modernized with dark cabinetry, updated flooring, and a brick backsplash. The property includes high-value system upgrades like paid-off solar panels and a well-maintained pool and exterior. While some secondary areas like the laundry room appear slightly more dated, the overall maintenance and key living areas align with the 'Good' criteria.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10655, living area = 2432.
Situated minutes from Downtown Gilbert's Heritage District, the property offers exceptional access to premier dining, nightlife, and entertainment via bike or golf cart.
The home features fully paid-off solar panels included at the close of escrow, providing significant long-term utility savings and increased property value.
The assigned elementary and middle schools currently hold lower ratings (4/10), which may be a drawback for families prioritizing high-performing academic districts.
Built in 1981, the home may require more frequent maintenance of original structural components or aging infrastructure compared to newer developments in Gilbert.
Welcome to Gilbert living at its finest! Located just minutes from the heart of Downtown Gilbert, this beautifully renovated ranch-style home blends timeless charm, modern upgrades, and one of the area's most desirable lifestyles. Situated on an oversized corner lot just shy of a quarter acre, this rare basement home offers flexibility, character, and space that is incredibly hard to find in this location. Inside, you'll find a home full of warmth and personality with thoughtful renovations completed throughout ownership. The basement creates endless possibilities -- game room, media space, home gym, guest retreat, office, or multi-generational living. Outside, the expansive lot offers room to spread out while the extended driveway provides exceptional flexibility with space large enough for RV parking, additional vehicles, toys, or even future expansion opportunities. The backyard is designed for true Arizona living, featuring a sparkling pool perfect for cooling off on summer days, entertaining guests, or creating your own private outdoor retreat. An added bonus? The home comes with fully paid-off solar at close of escrow, offering long-term energy savings and efficiency without the added expense of a solar payment. The location is truly hard to beat. Ride your bike or take a quick golf cart ride to all the excitement of Downtown Gilbert including some of the East Valley's hottest restaurants, nightlife, coffee shops, breweries, farmers markets, and entertainment. Enjoy nearby favorites like Farm House Village, the vibrant Heritage District, top-rated schools, shopping at San Tan Village, and convenient freeway access for easy commuting throughout the Valley. Homes with this much charm, flexibility, lot space, and location rarely become available in the heart of Gilbert.
No exterior & parking available.
Grades PK-6 • 0.5 mi
Grades 6-8 • 0.6 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 | 50% |
| Baths | 2.0 | 3.0 | 41% |
| Square foot | 2,432 | 2,089 | 68% |
| Lot Size | 10,655 | 6,904 | 90% |
| Price | $599.9K | $390.0K | 79% |
| Price per sq ft | $247 | $202 | 65% |
| Built year | 1981 | 1999 | 3% |
| HOA | $0 | $138 | 7% |
| Days on market | 19 | 3072 | 1% |
May 20, 2026
$599,900
Initial Listing