240 W BROOKS Street, Gilbert, AZ 85233, Gilbert, 85233 - 4 bed, 2 bath
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Gilbert, AZ 85233
This Modern Ranch-Style Residence is a Prime Investment Opportunity, listed at $599,000—positioned well below the $613,540 Fair Market Value by 2%. This valuation gap provides $14,540 in Instant Equity. Boasting a Condition Rating of 3, the interior features 12-foot ceilings, Italian plank tile, and a spacious kitchen island. The exterior offers a private play pool and Arizona room with no rear neighbors. Located near Downtown Gilbert, it balances lifestyle appeal with market stability. This is an ideal match for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 240 W BROOKS Street Subject | $599,000* List Price | 4 | 2 | 1,903 | $322 | - |
A 568 S GOLDEN KEY Street Sold | $480,000 List Price | 4 | 3 | 2,018 | 0.6 mi | |
B 590 S NEELY Street Sold | $539,000 | 4 | 2 | 2,123 | $254 | 0.4 mi |
C 380 W SMOKE TREE Road Sold | $581,000 List Price | 4 | 2 | 1,642 | 0.5 mi | |
D 545 S ASH Street Sold | $535,000 | 3 | 2 | 1,479 | $362 | 0.4 mi |
E 417 S BONITO Drive Sold | $630,000 | 4 | 2 | 1,642 | $384 | 0.6 mi |
F 141 W BAYLOR Lane Pending | $540,000 List Price | 4 | 2 | 2,051 | $263 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained, featuring significant recent updates such as new Italian plank tile flooring throughout, a 2025 exterior repaint, and an upgraded primary walk-in shower. While the home was built in 2001 and retains some original cabinetry, the addition of modern light fixtures, granite countertops, and epoxy garage floors aligns it with the 'good' condition category.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7800, living area = 1903.
Situated just blocks from vibrant downtown Gilbert with easy access to major highways, offering a perfect blend of suburban quiet and urban convenience.
The property features a large backyard with a sparkling play pool, a covered patio, and an Arizona room, all with the added privacy of no rear neighbors.
While the elementary and middle schools are well-rated, the assigned high school has a lower rating, which may be a consideration for families with older children.
The 2.5-stall garage uses a tandem configuration, which can be less convenient for households requiring frequent access to multiple vehicles compared to a standard side-by-side layout.
Welcome to your dream retreat in the heart of Gilbert! Just blocks away from the vibrant downtown area, this stunning split floor plan 4-bedroom, 2-bath ranch home offers the perfect blend of comfort, style, and privacy. Step inside to soaring 12-foot ceilings, beautiful Italian plank tile throughout, and an open floor plan that creates a light and airy feel. You will love the spacious kitchen with an expansive island, as well as ample counter space and cabinetry. The primary suite features an upgraded tile shower and access to the Arizona room and backyard. Three additional bedrooms offer flexibility for family and guests, and there is an additional bonus room, perfect for a home office or multi use room. Enjoy Arizona living at its finest with a huge backyard and no neighbors behind you. The exterior of this home was completely repainted in 2025! You'll find plenty of options for relaxing or activities either in the sparkling play pool, under the covered patio or in the Arizona room. This home also offers a 2.5-stall tandem garage complete with epoxy floors providing generous space for vehicles, storage, or a workshop setup. This home is conveniently located with easy access to Loop 202 and US-60, as well downtown Gilbert, highly ranked school districts, shopping, restaurants and more!
No exterior & parking available.
Grades PK-6 • 0.9 mi
Grades 7-8 • 2.0 mi
Grades 8-12 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,903 | 1,952.5 | 48% |
| Lot Size | 7,800 | 7,148.5 | 64% |
| Price | $599.0K | $446.0K | 78% |
| Price per sq ft | $315 | $233 | 82% |
| Built year | 2001 | 1994 | 97% |
| HOA | $72 | $101 | 39% |
| Days on market | 34 | 2273 | 1% |
Mar 19, 2026
$599,000
Initial Listing