2740 S HONEYSUCKLE Lane, Gilbert, AZ 85295, Gilbert, 85295 - 5 bed, 3 bath
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2740 S HONEYSUCKLE Lane
Gilbert, AZ 85295
ACTIVE
CONDITION: EXCELLENT
5Beds
3Baths
3,318Sq Ft
10,000Lot Size
Property Price
LIST PRICE$839,000
EST. MARKET VALUE
$873,822
3% BelowMARKET VALUE
SUMMARY
This Turnkey Single-Family Residence is a Strong Value Opportunity, listed at $839,000—positioned well below the $873,822 Fair Market Value by 3%. This valuation gap offers $34,822 in Instant Equity for the buyer. Featuring a rare basement layout, a resort-style backyard with a heated pool and grotto, and an Excellent Condition Rating, this home offers immediate lifestyle appeal. Located in the gated Jake's Ranch community, it is an ideal acquisition for Owner-Occupants or lifestyle-focused families seeking a move-in-ready sanctuary.
Estimated Market Value
$873,822+$34,822 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Gilbert.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2740 S HONEYSUCKLE Lane Subject | $839,000* List Price | 5 | 3 | 3,318 | $263 | - |
A 2559 S BUTTE Lane Sold | $770,000 | 5 | 4 | 3,423 | $225 | 1.0 mi |
B 417 E FRANCES Lane Sold | $840,000 | 5 | 3 | 3,152 | $266 | 0.6 mi |
C 857 E CARLA VISTA Drive Sold | $720,000 | 5 | 3 | 3,398 | $212 | 0.8 mi |
D 3118 S Colonial Street Sold | $755,000 | 4 | 3 | 2,855 | $264 | 0.5 mi |
E 244 E JOSEPH Way Sold | $870,000 | 5 | 3 | 3,040 | $286 | 0.5 mi |
F 1026 E BOSTON Street Sold | $870,000 | 4 | 3 | 2,826 | $308 | 0.5 mi |
G 359 E Frances Lane Sold | $825,000 | 4 | 4 | 3,673 | $225 | 0.7 mi |
H 1002 E PARKVIEW Drive Sold | $1,015,000 | 5 | 4 | 4,271 | $238 | 0.4 mi |
I 892 E HAMPTON Lane Active | $900,000 List Price | 5 | 3 | 3,047 | $295 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 2000, the home has been recently remodeled (likely <5 years) featuring modern wood-look flooring, fresh neutral paint, updated lighting, and new carpet. Systems are well-maintained with a new pool heater installed in 2023, and the interior appears in mint, move-in-ready condition.
PROSSTRENGTHS & OPPORTUNITIES
- Rare Basement Layout
This property features a highly sought-after basement configuration in a neighborhood of primarily single-level homes, providing significant additional living space and natural cooling benefits ideal for the Arizona climate.
- Resort-Style Backyard
The outdoor living space offers a premium experience with a heated pool, waterslide, waterfall grotto, and hot tub, creating an immediate value-add for families and entertainment enthusiasts.
- Premium Community Amenities
Located in the gated Jakes Ranch, the home benefits from high-demand amenities including pickleball courts, sports fields, and basketball courts, enhancing both lifestyle and long-term resale appeal.
CONSRISKS & DEFICIENCIES
- Property Age
Built in 2000, the home is approaching a cycle where major systems or structural components may require maintenance or replacement, despite the interior remodeling.
- Moderate School Ratings
With local school ratings ranging from 6 to 7, the property may be less competitive for buyers specifically prioritizing top-tier (9-10 rated) academic districts in the Gilbert area.
About 2740 S HONEYSUCKLE Lane
Welcome to this remodeled and cozy, 5 BD 3 BA, +OFFICE, 3-car garage single level BASEMENT home (Main level: Kitchen and living areas, primary suite, 2 BD, 1 BA. Basement: 2 BD, 1 full BA, Living Area), complete with a backyard that has resort vibes: hot tub, heated pool (new heater in '23), a fun waterslide and a soothing waterfall grotto. This home is a rare find in a neighborhood of all single level homes. If you're a fan of Pickleball, you're in luck with the community amenities at Jake's Ranch, which also include green belts, a sports field, full-court basketball, a playground and a gated community.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2000
- Lot Size
- 10,000 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $233 / Month
Neighborhood Insights
Gilbert Unified Schools
Quartz Hill Elementary School
Grades K-6 • 1.4 mi
7/10
South Valley Jr. High School
Grades 7-8 • 0.9 mi
7/10
Campo Verde High School
Grades 8-12 • 1.6 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 3,318 | 2,210.986 |
| Lot Size | 10,000 | 7,346.256 |
| Price | $839.0K | $598.8K |
| Price per sq ft | $253 | $280 |
| Built year | 2000 | 2003 |
| HOA | $233 | $224 |
| Days on market | 28 | 71 |
Pricing History
Listed for Sale
Aug 12, 2026
$839,000
Initial Listing