2808 E PARK Avenue, Gilbert, AZ 85234, Gilbert, 85234 - 4 bed, 2 bath
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Gilbert, AZ 85234
This Spacious Single-Family Residence represents a High-Potential Investment Opportunity, listed at $649,000—positioned well above the $576,406 Fair Market Value by -12%. While the property requires cosmetic modernization to reach its full potential, its Fair Condition Rating and prime location in the sought-after Morrison Ranch community offer significant long-term value. Featuring a 3-car garage, large 10,199 sqft lot, and proximity to top-rated Gilbert Public Schools, this home is an ideal project for Value-Add Investors or Owner-Occupants seeking to build equity through strategic renovations.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2808 E PARK Avenue Subject | $649,000* List Price | 4 | 2 | 2,105 | $274 | - |
A 2977 E LEXINGTON Avenue Active | $749,750 List Price | 4 | 2 | 2,584 | $290 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2001 (25 years old), the property is well-maintained but remains largely dated. The kitchen features older white appliances and basic countertops, while the living area retains original honey-oak built-ins. It meets the 'Fair' criteria as it is over 20 years old and requires cosmetic updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10199, living area = 2105.
Situated in the highly sought-after Morrison Ranch area, the property offers proximity to top-rated Gilbert Public Schools and easy access to major freeways and amenities.
The generous 10,199 sqft lot features mature trees and lush grass, providing a private and established outdoor environment that is rare for the area.
With a build year of 2001 and no mention of recent major renovations, the interior finishes may require modernization to compete with newer luxury builds.
The large grass backyard and mature vegetation, while aesthetically pleasing, imply higher water costs and more intensive ongoing maintenance for the homeowner.
Beautiful single-level 4-bedroom, 2-bath home located in the highly desirable Morrison Ranch in Gilbert! Located within top-rated Gilbert Public Schools and conveniently close to the Loop 202 and U.S. Route 60, along with shopping and restaurants. This fabulous home features a spacious and functional floor plan with a 3-car garage and a large family room complete with a built-in entertainment center. The kitchen offers plenty of space for cooking and gathering, featuring an island, built-in microwave, and a walk-in pantry. The primary suite includes a walk-in closet and an inviting bathroom with double sinks, a separate tub and shower, and a private toilet room. Step outside to a large backyard with mature trees, lush grass, and an entertainment area--perfect for relaxing or hosting family and friends. Additional conveniences include a laundry room with a utility sink. A wonderful opportunity to own in one of Gilbert's most sought-after communities!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 49% |
| Square foot | 2,105 | 2,075.5 | 52% |
| Lot Size | 10,199 | 6,839 | 85% |
| Price | $649.0K | $454.8K | 91% |
| Price per sq ft | $308 | $233 | 78% |
| Built year | 2001 | 1994 | 80% |
| HOA | $156 | $82 | 78% |
| Days on market | 19 | 2540 | 1% |
May 19, 2026
$649,000
Initial Listing