2471 E PENEDES Drive, Gilbert, AZ 85298, Gilbert, 85298 - 7 bed, 5 bath
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Gilbert, AZ 85298
This Spacious Multi-Generational Home is a Strong Value Opportunity, listed at $920,000—positioned above the $876,421 Fair Market Value. While priced slightly above market, the property offers a Condition Rating of 3, featuring a Chef's Kitchen and Updated Mechanical Systems with brand-new HVAC units. Located in the premier Freeman Farms community, it provides access to Top-Rated Schools like Perry High and Chandler Traditional Academy. This move-in ready residence is an ideal fit for large families or multi-generational households seeking a high-quality, functional lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2471 E PENEDES Drive Subject | $920,000* List Price | 7 | 5 | 4,710 | $186 | - |
A 2502 E PLUM Street Sold | $855,000 | 5 | 4 | 3,969 | $215 | 0.0 mi |
B 2502 E PLUM Street Sold | $855,000 | 5 | 4 | 3,969 | $215 | 0.0 mi |
C 2491 E PENEDES Drive Pending | $939,900 List Price | 6 | 5 | 4,481 | $210 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2013, the property falls within the 10-20 year age bracket. It is well-maintained and move-in ready with a functional chef's kitchen featuring granite countertops and stainless steel appliances. The HVAC systems are a highlight, with one brand new unit and one only a few years old, ensuring the home meets modern efficiency standards.
Elementary School: Chandler Traditional Academy-Freedom (9/10). Middle School: Sossaman Middle School (9/10). High School: Perry High School (9/10).
With 4,710 square feet, seven bedrooms, and two dedicated primary suites, this home is exceptionally well-suited for multi-generational living or accommodating large families.
The property features one brand-new AC unit and a second unit only a few years old, both with transferable warranties, providing significant peace of mind and value in the Arizona climate.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4710, other record living area = 4124.
The massive 4,710 square foot interior with seven bedrooms and five bathrooms will demand substantial ongoing utility costs and maintenance efforts compared to standard residential properties.
Given the expansive footprint of the home on an 8,400 square foot lot, the outdoor space may feel relatively small for buyers seeking a large private backyard to match the home's interior scale.
Welcome to Freeman Farms!! With 4,710 square feet of beautifully designed living space, this home combines comfort, functionality along with 2 primary suites to accommodate multi generational living or guests!. This home has one brand new AC and one that is a couple years old with transferable warranties. Step inside to find spacious open-concept living areas filled with natural light, elegant finishes, and seamless indoor-outdoor flow. The chef's kitchen opens to generous dining and living spaces--perfect for entertaining or everyday living. Large sliding glass doors lead to a private backyard retreat, ideal for relaxing or a side patio for more intimate gatherings. With seven true / spacious bedrooms, including, multiple walk in closets, and flex spaces, there is room for everyone! The shaded backyard is so nice along with the covered patio! Located in the desirable Freeman Farms community, residents enjoy access to HUGE grassy parks, scenic walking paths, basketball courts, a beautiful lake, and more--creating a vibrant, outdoor-friendly lifestyle. Gilbert Regional Park is just across the canal for sports, fishing and frequent entertainment! This is a rare opportunity to own a spacious, move-in-ready home in one of Gilbert's premier neighborhoods!
No exterior & parking available.
Grades PK-6 • 0.9 mi
Grades PK-6 • 1.1 mi
Grades PK-8 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 4.0 | 99% |
| Baths | 5.0 | 3.0 | 93% |
| Square foot | 4,710 | 2,380 | 94% |
| Lot Size | 8,400 | 8,683 | 46% |
| Price | $920.0K | $507.5K | 89% |
| Price per sq ft | $195 | $248 | 47% |
| Built year | 2013 | 2007 | 63% |
| HOA | $324 | $215 | 63% |
| Days on market | 53 | 2607 | 1% |
Apr 16, 2026
$920,000
Initial Listing