2843 E Lexington Court, Gilbert, AZ 85234, Gilbert, 85234 - 4 bed, 2 bath
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Gilbert, AZ 85234
This Spacious Single Family Residence represents a Strong Value Opportunity, listed at $675,000—positioned above the $615,056 Fair Market Value by 9%. While priced at a premium, the property offers significant lifestyle appeal with a 4-bedroom split floorplan, a sparkling pool, and a large 10,199 sqft lot in the desirable Higley Groves/Morrison Ranch area. With a Condition Rating of 4, the home is move-in ready but offers room for cosmetic modernization. This is an ideal acquisition for Owner-Occupants or long-term investors seeking a prime location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2843 E Lexington Court Subject | $675,000* List Price | 4 | 2 | 2,105 | $292 | - |
A 2808 E PARK Avenue Active | $649,000 List Price | 4 | 2 | 2,105 | $308 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2001 (23 years old), the property is well-maintained but dated. The kitchen and bathrooms feature original-style cabinetry, laminate/cultured marble countertops, and older fixtures that lack modern updates. While the home is move-in ready and features some newer appliances and a water heater, the overall aesthetic reflects its 20+ year age, requiring minor cosmetic updates to meet current market 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 on a quiet cul-de-sac in the highly sought-after Higley Groves/Morrison Ranch area, the property offers immediate access to lush greenbelts, scenic trails, and the Riparian Preserve.
The oversized 10,199 sqft lot features a sparkling pool, a built-in BBQ area, and a large covered patio, making it an ideal space for outdoor entertaining and relaxation.
With a build date of 2001 and no mention of major kitchen or bathroom renovations, the interior may require cosmetic updates to meet modern aesthetic preferences.
For a four-bedroom home of over 2,100 square feet, having only two bathrooms may be a drawback for larger families or those seeking a more modern bed-to-bath ratio.
Oh-so-desirable split floorplan, with a full 3 car garage, in Higley Groves/Morrison Ranch! On a cul-de-sac street that dead-ends at a long and lush greenbelt (and Eastern Canal/Santan Vista Trails)- this is the 3rd property in from the greenbelt. You can walk to the Riparian Preserve at Water Ranch. If you've made it this far, you probably already know how this whole area is prized for it's greenery- mature trees and grass abound. Ideally located between the US60 and AZ202 freeways. And then there's the property itself! 4 actual bedrooms, large and open kitchen/dining/living area, all on a generously sized lot with fantastic curb appeal. All appliances, Ring doorbell included. Newer water heater, kitchen fridge, and washer/dryer. Lots of storage t/o the home. Large covered back patio with built-in BBQ area, surprisingly spacious side yards, and a sparkling pool. Ask for details if interested in any personal items, such as the furniture. Don't wait on this one!
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 | $675.0K | $454.8K | 91% |
| Price per sq ft | $321 | $233 | 83% |
| Built year | 2001 | 1994 | 80% |
| HOA | $156 | $82 | 78% |
| Days on market | 3 | 2539 | 1% |
Jun 3, 2026
$675,000
Initial Listing
Aug 28, 2001
$233,856
Public Record