2614 E MEGAN Street, Gilbert, AZ 85295, Gilbert, 85295 - 2 bed, 3 bath
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Gilbert, AZ 85295
This Turnkey Single-Family Residence is a Prime Investment Opportunity listed at $395,000—positioned well below the $403,876 Fair Market Value by 2%. This valuation gap provides $8,876 in Instant Equity for the buyer. Boasting a Condition Rating of 3, the home features a modern kitchen with stainless steel appliances, a versatile loft office, and a private patio. Located in the prestigious Lyons Gate community, residents enjoy premium amenities and access to Top-Rated Schools like Higley Elementary (9/10). This low-maintenance sanctuary is a perfect match for first-time buyers or Owner-Occupants seeking a lock-and-leave lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2614 E MEGAN Street Subject | $390,000* List Price | 2 | 3 | 1,460 | $286 | - |
A 2842 E MEGAN Street Sold | $435,000 List Price | 3 | 3 | 1,488 | 0.3 mi | |
B 1917 E DEL RIO Street Sold | $379,000 List Price | 2 | 3 | 1,132 | 0.9 mi | |
C 1891 S VOYAGER Drive Sold | $479,500 | 3 | 3 | 1,716 | $279 | 1.0 mi |
D 2869 E BART Street Active | $429,000 List Price | 3 | 3 | 1,488 | $288 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006, this 20-year-old property is well-maintained and move-in ready. The interior features clean tile flooring and updated stainless steel appliances. The HVAC system and exterior stucco appear functional and in good repair, meeting the criteria for a well-cared-for home within the 10-20 year age bracket.
Middle School: Higley Elementary School (9/10).
Situated in the highly desirable Lyons Gate community, this home offers residents access to premium amenities including pools and parks, while being minutes away from San Tan Village shopping and major freeways.
The floor plan is exceptionally functional, featuring a dedicated loft office space and a second bedroom with its own private en-suite bathroom, making it ideal for roommates or a guest-friendly setup.
With only two bedrooms, the property may see restricted demand from larger families or buyers specifically looking for a traditional three-bedroom home in this price point.
The lot size is relatively small at under 3,000 square feet, which limits outdoor utility and may be a drawback for buyers prioritizing significant private yard space.
Stunning home boasts a spacious open floor plan with stainless steel appliances, eat in kitchen, and ceiling fans in all the right places. The living and dining area is light and bright from all the windows! The loft includes an office area. Huge primary bedroom with walk in closet. The second bedroom includes its own private bathroom. The home offers a prestigious Gilbert location, plenty of recreation including pools and parks and convenient access to the freeways. Close to San Tan Village for shopping and dining. Front yard maintenance is included. Very low backyard maintenance . This is a well cared home in a great community. Don't Miss Out!
No exterior & parking available.
Grades PK-8 • 1.2 mi
Grades 7-8 • 1.7 mi
Grades PK-8 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 5% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,460 | 2,129 | 13% |
| Lot Size | 2,989 | 7,700 | 8% |
| Price | $390.0K | $0 | 59% |
| Price per sq ft | $267 | $0 | 71% |
| Built year | 2006 | 2003 | 72% |
| HOA | $150 | $128 | 60% |
| Days on market | 57 | 2878 | 1% |
May 31, 2026
$390,000
$395,000
-1% Price Drop
Initial Listing
Apr 18, 2026
$395,000
Initial Listing