284 S 162nd Street, Gilbert, AZ 85296, Gilbert, 85296 - 3 bed, 4 bath
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284 S 162nd Street
Gilbert, AZ 85296
ACTIVE
CONDITION: FAIR
3Beds
4Baths
3,313Sq Ft
82,938Lot Size
Property Price
LIST PRICE$3,200,000
SUMMARY
Analysis of 284 S 162nd Street, Gilbert, AZ 85296 is currently available with a list price of $3,200,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Gilbert Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1997 (29 years old), the property falls into the >20y age bracket. While the home features high-end materials like natural stone and custom cabinetry that appear well-maintained, the interior aesthetic is dated and the major systems/roof are likely approaching the end of their typical lifecycle, requiring updates to meet modern luxury standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 82938, living area = 3313.
- Great Schools
Elementary School: Greenfield Elementary School (9/10).
- Equestrian Amenities
The property features two irrigated acres with a professional block-constructed barn, separate electrical meter, and tack room, offering a rare turnkey setup for horse enthusiasts in a prime location.
CONSRISKS & DEFICIENCIES
- High Price per Square Foot
The $3.2M list price for a 3,313 sqft home represents a significant premium, which may challenge buyers who prioritize interior living space over land and equestrian facilities.
- Limited Bedroom Count
Offering only three bedrooms at this luxury price point may limit the property's appeal to larger families or buyers seeking more guest accommodations.
About 284 S 162nd Street
Private equestrian estate on 2 irrigated acres in Sawyer Estates. This custom home features hardwood and natural stone floors, custom cabinetry, granite countertops, fireplace, and a dedicated garage office. Indoor parking for 5 vehicles. Sparkling pool for relaxing & entertaining. Block-constructed barn with separate electrical meter and enclosed tack room. A rare blend of luxury living in the heart of Gilbert in a private, secluded setting with No HOA.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1997
- Lot Size
- 82,938 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Gilbert Unified Schools
Greenfield Elementary School
Grades PK-6 • 0.4 mi
9/10
Greenfield Junior High School
Grades 7-8 • 0.3 mi
7/10
Highland High School
Grades 8-12 • 2.5 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 3,313 | 2,210.986 |
| Lot Size | 82,938 | 7,346.256 |
| Price | $3.20M | $598.8K |
| Price per sq ft | $966 | $280 |
| Built year | 1997 | 2003 |
| HOA | $0 | $224 |
| Days on market | 48 | 71 |
Pricing History
Listed for Sale
Jul 23, 2026
$3,200,000
Initial Listing