2733 E RAKESTRAW Lane, Gilbert, AZ 85298, Gilbert, 85298 - 5 bed, 3 bath
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Gilbert, AZ 85298
This Spacious Modern Residence is a Prime Investment Opportunity, listed at $840,000—positioned well below the $936,887 Fair Market Value by 10%. This valuation gap provides $96,887 in Instant Equity for the buyer. Maintaining a Good Condition Rating, the home features a Modern Gourmet Kitchen with quartz counters and a private backyard oasis with a Swimming Pool and Spa. Located near Top-Rated Schools including Perry High and CTA-Freedom, it balances luxury with significant financial upside. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2733 E RAKESTRAW Lane Subject | $840,000* List Price | 5 | 3 | 3,083 | $304 | - |
A 2587 E LODGEPOLE Drive Sold | $800,000 | 4 | 3 | 2,692 | $297 | 0.2 mi |
B 2441 E PENEDES Drive Active | $724,999 List Price | 5 | 4 | 2,880 | $252 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2010, this property perfectly fits the 10-20 year age bracket for a 'good' condition rating. The home is move-in ready and shows evidence of significant aesthetic updates, including a modern kitchen with quartz countertops, raised-panel cabinetry, and stainless steel appliances. The interior features contemporary wood-look tile flooring, updated lighting fixtures, and well-maintained neutral paint. While the property is highly functional and aesthetically pleasing, it does not meet the 'excellent' criteria of being built within 10 years or having a documented full-scale renovation within the last 5 years.
Elementary School: Chandler Traditional Academy-Freedom (9/10). Middle School: Sossaman Middle School (9/10). High School: Perry High School (9/10).
The property features a private backyard oasis complete with a swimming pool, spa, and an extended covered patio, offering an ideal setup for the Arizona lifestyle and outdoor entertaining.
The kitchen is highly upgraded with quartz countertops, raised panel cabinetry, stainless steel appliances, and a central eat-in island, providing a contemporary and functional heart to the home.
With a large 3,083 sq ft floor plan and a pool occupying much of the 6,900 sq ft lot, there is minimal remaining green space for buyers seeking a traditional yard or garden.
The home is situated in a high-density residential parcel, which may result in reduced privacy from neighboring properties compared to more expansive luxury estates.
Beautiful single family home featured in the highly desirable Freeman Farms subdivision located in Gilbert, AZ. This home incorporates a subtle balance of contemporary finishes with a modern design. The home offers 5 bedrooms, 3 full baths, an open concept 3,083 sq ft] floor plan, upgraded kitchen w/ raised panel cabinetry, quartz counter tops, ss appliances, center (eat-in) island, and pantry. Additional home details will also include 9ft+ high ceilings, a dedicated dining space, formal & informal living space(s), tile flooring, modern plumbing/lighting fixtures, ceiling fans, and lots of windows offering great natural light throughout the living spaces. The master retreat boasts spacious sleeping quarters, an en suite w/ dual vanities, separate soaking tub & shower, and large.. walk-in closet. Lastly, the home features a whole house water filtration system, 4-stage reverse osmosis system, a 3-car garage, large/private back yard w/ low maintenance landscaping, extended covered patio space, and outdoor swimming pool & spa--perfect for entertaining family and friends. Freeman Farms offers residents close proximity to Gilbert Regional Park, Lifetime Fitness [Opening May 2026], Banner Hospital system, and downtown Gilbert. APPLIANCES WILL CONVEY IN THIS SALE!
No exterior & parking available.
Grades PK-6 • 1.0 mi
Grades PK-6 • 1.3 mi
Grades PK-8 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 82% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,083 | 2,351 | 78% |
| Lot Size | 6,900 | 8,170 | 30% |
| Price | $840.0K | $519.5K | 84% |
| Price per sq ft | $272 | $260 | 56% |
| Built year | 2010 | 2006 | 59% |
| HOA | $324 | $258 | 56% |
| Days on market | 67 | 2499 | 1% |
Feb 15, 2026
$840,000
Initial Listing