2774 S BALSAM Drive, Gilbert, AZ 85295, Gilbert, 85295 - 3 bed, 2 bath
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Gilbert, AZ 85295
This Turnkey Townhouse is a Strong Value Opportunity, listed at $390,000—positioned well below the $392,643 Fair Market Value by 0.67%. This valuation gap offers $2,643 in Instant Equity for the buyer. Featuring a Good Condition Rating, the home includes a private primary suite, newer flooring, and a versatile third-floor loft. Located in a gated lake community near top-rated schools like Spectrum Elementary, this property is an ideal sanctuary for Owner-Occupants or first-time buyers seeking a move-in ready lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2774 S BALSAM Drive Subject | $390,000* List Price | 3 | 2 | 1,467 | $268 | - |
A 1734 E HAMPTON Lane Sold | $419,500 | 2 | 3 | 1,432 | $293 | 0.1 mi |
B 2730 S PEWTER Drive 103 Active | $425,000 List Price | 3 | 2 | 1,368 | $311 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2007 (17 years old), the property falls within the 10-20 year range for a 'Good' rating. It is well-maintained and move-in ready with recent updates including interior paint and newer flooring. The kitchen features granite countertops and functional appliances that appear original to the build but are in good condition.
The unique three-story floor plan features a private first-floor primary suite and a versatile third-floor loft, offering excellent separation of space and functional flexibility for a home office or guest retreat.
The property boasts a recently painted interior and newer flooring throughout, significantly reducing immediate post-purchase maintenance costs for the new owner.
Situated in a desirable gated lake community in Gilbert, the home offers enhanced security and lifestyle amenities with a remarkably low HOA fee of $76.
The multi-level townhouse design and spiral staircase access to the loft may be difficult for individuals with mobility issues or families with small children.
With a small lot size of 820 sqft, the property lacks a traditional backyard, which may be a drawback for buyers seeking private outdoor living or pet space.
3 bedrooms + loft in one of Gilbert's gated lake communities. Recently painted interior with newer flooring throughout. Unique multi-level townhouse with the primary suite on the first level, separate from the main living spaces and secondary bedrooms. The second floor includes the kitchen, dining area, living room, two bedrooms, and full bath. An oversized loft on the third level, accessed by a spiral staircase, overlooks the main living area and provides flexible space for a home office, media room, fitness area, or guest retreat. Attached 2-car garage and convenient access to nearby shopping, dining, and entertainment.
No exterior & parking available.
Grades PK-6 • 0.5 mi
Grades 7-8 • 1.5 mi
Grades 8-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,467 | 1,308 | 80% |
| Lot Size | 820 | 1,144 | 40% |
| Price | $390.0K | $370.0K | 60% |
| Price per sq ft | $266 | $266 | 50% |
| Built year | 2007 | 2018 | 20% |
| HOA | $76 | $150 | 40% |
| Days on market | 19 | 1071 | 20% |
May 18, 2026
$390,000
Initial Listing