
Gilbert, AZ 85295
This residential asset represents a Prime Investment Opportunity with a List Price of $425,000—positioned well below the $521,150 Fair Market Value by 18%. This valuation gap provides $96,150 in Instant Equity. While the home features a 2021 HVAC system and engineered wood flooring, its Condition Rating of 4 requires cosmetic modernization to reach peak market standards. Situated on a 7,047 sqft corner lot near Williams Field High and SanTan Village, this short sale offers significant forced appreciation potential. It is an ideal acquisition for Fix-and-Flip Investors or Value-Add Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2674 S SETON Avenue Subject | $425,000* List Price | 3 | 3 | 1,546 | $337 | - |
A 3323 E ELGIN Street Sold | $315,000 List Price | 3 | 2 | 1,575 | 0.3 mi | |
B 3336 E JOSEPH Way Sold | $425,000 List Price | 4 | 3 | 1,760 | 0.2 mi | |
C 2864 E PONY Court Sold | $515,000 | 4 | 2 | 1,840 | $280 | 0.6 mi |
D 2872 E CARLA VISTA Court Sold | $465,000 | 3 | 2 | 1,310 | $355 | 0.8 mi |
E 2872 E CARLA VISTA Court Sold | $465,000 | 3 | 2 | 1,310 | $355 | 0.8 mi |
F 2549 S SUNNYVALE Avenue Sold | $445,000 | 4 | 2 | 1,450 | $307 | 0.3 mi |
G 3248 E JOSEPH Way Active Under Contract | $514,800 List Price | 4 | 3 | 1,760 | $293 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 2002, is over 20 years old and retains many original features, including the oak kitchen cabinetry and standard tile flooring, which are functional but stylistically outdated. While the home has been maintained with a newer HVAC system (2021) and engineered wood flooring, the interior requires cosmetic updates—such as repainting rooms with highly specific murals and modernizing the kitchen and bathrooms—to meet current market standards for a higher rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7047, living area = 1546.
Situated in highly desirable South Gilbert, the property is within walking distance to top-rated schools like Williams Field High and minutes from the premier SanTan Village shopping and dining district.
The home features a 2021 A/C compressor, furnace, and heater, providing significant value and peace of mind regarding major system longevity in the Arizona climate.
The sale is subject to lender approval, which typically involves a more complex, unpredictable, and lengthy closing process compared to a traditional real estate transaction.
Short sales carry a higher risk of the deal falling through if the lender's valuation does not meet the list price or if they require terms that the buyer may not find acceptable.
Charming 3 bed, 2.5 bath Shea home on a large corner lot in highly desirable South Gilbert. Located in a top-rated school district and close to SanTan Village, restaurants, schools, and Loop 202 freeway. Great Room floor plan with engineered wood flooring in living areas and bedrooms, 20'' tile in kitchen and baths. Recent updates include 2021 A/C compressor, furnace, and heater. Property offers added privacy with only one side neighbor. Walking/biking distance to parks and schools. Short sale subject to lender approval.
No exterior & parking available.
Grades K-8 • 0.2 mi
Grades 7-8 • 2.2 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 49% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,546 | 2,129 | 15% |
| Lot Size | 7,047 | 7,491 | 46% |
| Price | $425.0K | $410.0K | 52% |
| Price per sq ft | $275 | $214 | 73% |
| Built year | 2002 | 2004 | 36% |
| HOA | $250 | $125 | 87% |
| Days on market | 37 | 2472 | 1% |
Mar 16, 2026
$425,000
Initial Listing
Jun 26, 2002
$142,408
Public Record