2228 S Banning Street, Gilbert, AZ 85295, Gilbert, 85295 - 3 bed, 2 bath
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2228 S Banning Street
Gilbert, AZ 85295
ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
1,498Sq Ft
7,965Lot Size
Property Price
LIST PRICE$500,000
EST. MARKET VALUE
$492,645
SUMMARY
This Stunning Move-In Ready Home is listed at $520,000, reflecting a stable market price relative to its $511,150 Fair Market Value. Featuring a comprehensive remodel with a modern kitchen, updated bathrooms, and new flooring, the property boasts an Excellent Condition Rating requiring zero immediate maintenance. Situated in a prime Gilbert location, the home offers proximity to top-rated schools like Williams Field High School and a spacious backyard with a patio. This residence is the perfect fit for growing families or first-time buyers seeking a polished, stress-free lifestyle.
Estimated Market Value
$492,645
Based on Realkey algorithm analyzing recent comparable sales in Gilbert.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2228 S Banning Street Subject | $500,000* List Price | 3 | 2 | 1,498 | $329 | - |
A 2509 E ERIE Court Sold | $599,000 List Price | 3 | 2 | 1,892 | 0.7 mi | |
B 3248 E JOSEPH Way Sold | $510,000 | 4 | 3 | 1,760 | $290 | 0.8 mi |
C 3248 E JOSEPH Way Sold | $510,000 | 4 | 3 | 1,760 | $290 | 0.8 mi |
D 1694 S ROCHESTER Drive Sold | $532,000 | 3 | 2 | 1,903 | $280 | 0.7 mi |
E 3048 E Erie Street Active | $525,000 List Price | 3 | 2 | 1,647 | $319 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 2000, the property has undergone a comprehensive recent remodel (likely <5 years) featuring a modern kitchen with stainless steel appliances, fully updated bathrooms, and new flooring throughout. It is in mint, move-in ready condition with no maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7965, living area = 1498.
- Turnkey Modern Renovations
The property is fully move-in ready, featuring a comprehensive remodel with stainless steel appliances, sleek countertops, updated bathrooms, and high vaulted ceilings that enhance the sense of space.
- Prime Educational Access
Ideally situated for families, the home is within walking distance (0.3 miles) of Williams Field High School, which boasts a high rating of 8, and is close to other well-rated K-8 institutions.
CONSRISKS & DEFICIENCIES
- High Price Per Square Foot
Listed at $520,000 for 1,498 square feet, the property carries a premium price point that may challenge buyers looking for more interior living space at this budget.
- HOA Constraints
The property is located within a managed HOA community, which involves recurring fees and potential restrictions on exterior modifications or vehicle storage that may not appeal to all buyers.
About 2228 S Banning Street
Welcome to your move-in ready dream home! This beautifully remodeled single-family residence features 3 spacious bedrooms and 2 fully updated bathrooms. Enjoy a light-filled, open-concept layout with stylish flooring, high vaulted ceilings, and a modern kitchen equipped with stainless steel appliances, sleek countertops, and crisp cabinetry. The primary suite serves as a true retreat, complete with a generous walk-in closet and a private ensuite bath. Additional highlights include a dedicated indoor laundry room, an attached garage, and a spacious backyard perfect for relaxing or entertaining. Located in a pristine HOA community close to local dining, shopping, and major roadways.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2000
- Lot Size
- 7,965 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $70 / Month
Neighborhood Insights
Gilbert Unified Schools
Chaparral Elementary School
Grades K-8 • 0.8 mi
7/10
Cooley Middle School
Grades 7-8 • 1.7 mi
7/10
Williams Field High School
Grades 9-12 • 0.3 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,498 | 2,210.986 |
| Lot Size | 7,965 | 7,346.256 |
| Price | $500.0K | $598.8K |
| Price per sq ft | $334 | $280 |
| Built year | 2000 | 2003 |
| HOA | $70 | $224 |
| Days on market | 42 | 71 |
Pricing History
Listed for Sale
Aug 28, 2026
$500,000
$507,900
-2% Price Drop
Initial Listing
Price Change
Aug 21, 2026
$507,900
$513,900
-1% Price Drop
Initial Listing
Price Change
Aug 20, 2026
$513,900
$514,000
+0% Price Increase
Initial Listing
Price Change
Aug 14, 2026
$514,000
$520,000
-1% Price Drop
Initial Listing
Price Change
Jul 29, 2026
$520,000
Initial Listing