2850 E Spring Wheat Court, Gilbert, AZ 85296, Gilbert, 85296 - 4 bed, 3 bath
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2850 E Spring Wheat Court
Gilbert, AZ 85296
ACTIVE
CONDITION: EXCELLENT
4Beds
3Baths
2,742Sq Ft
7,500Lot Size
Property Price
LIST PRICE$825,000
EST. MARKET VALUE
$846,620
SUMMARY
This Stunning Move-In Ready Home is a Prime Investment Opportunity, listed at $825,000—positioned well below the $846,620 Fair Market Value by 2%. This valuation gap offers $21,620 in Instant Equity. Featuring an Excellent Condition Rating, the home boasts 10' ceilings, plank tile, and a versatile split floor plan. Located in the prestigious Morrison Ranch, it offers access to Top-Rated Schools like Greenfield Elementary. This property is an ideal acquisition for Owner-Occupants or discerning families seeking a sophisticated, low-maintenance lifestyle.
Estimated Market Value
$846,620
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 |
|---|---|---|---|---|---|---|
★ 2850 E Spring Wheat Court Subject | $825,000* List Price | 4 | 3 | 2,742 | $309 | - |
A 2860 E PINTO Drive Sold | $875,000 | 3 | 3 | 2,675 | $327 | 0.1 mi |
B 2901 E PINTO Drive N Sold | $850,000 List Price | 3 | 3 | 2,675 | 0.1 mi | |
C 2943 E BLOOMFIELD Parkway Sold | $850,000 | 3 | 3 | 2,517 | $338 | 0.2 mi |
D 3131 E BLOOMFIELD Parkway Sold | $830,000 | 3 | 3 | 2,262 | $367 | 0.4 mi |
E 2858 E Spring Wheat Court Sold | $850,000 | 3 | 3 | 2,436 | $349 | 0.0 mi |
F 2950 E Sherri Court Sold | $650,000 List Price | 4 | 3 | 2,584 | 0.5 mi | |
G 3420 E Appaloosa Road Sold | $707,000 | 4 | 3 | 2,122 | $333 | 0.7 mi |
H 2975 E COMSTOCK Drive Sold | $907,000 | 5 | 3 | 2,880 | $315 | 0.9 mi |
I 2929 E APPALOOSA Road Active | $882,500 List Price | 3 | 3 | 2,525 | $350 | 0.2 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.
Built in 2017, this property is 9 years old, falling within the under 10-year threshold for Excellent condition. The home features modern amenities like 10-foot ceilings, plank tile flooring, and a butler's pantry, with recent updates including new bedroom carpeting. Systems and bathrooms appear in mint condition with no visible maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Greenfield Elementary School (9/10).
- Versatile Modern Layout
The single-level split floor plan features two additional flex spaces and 10-foot ceilings, providing exceptional functional flexibility for home offices, gyms, or playrooms.
- Highly Desirable Community
Located on a quiet cul-de-sac in Morrison Ranch, the property offers a premium neighborhood aesthetic with white picket fences and greenbelts, plus access to top-rated schools.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2742, other record living area = 2525.
- Limited Bedroom Count
With only three dedicated bedrooms for over 2,700 square feet of living space, the home may not accommodate larger families as effectively as other properties in this price bracket.
- High Association Fees
The $438 association fee is a significant recurring expense that may impact the monthly carrying costs and overall affordability for budget-conscious buyers.
About 2850 E Spring Wheat Court
Welcome to tree-lined streets, greenbelts and iconic white picket fences. This single level home features a desirable split floor plan, flex space - ideal for home office, playroom, formal dining or additional living space. The kitchen flows seamlessly into the main living area and features a Butler's Pantry. The Master Suite offers a separate soaking tub, walk-in shower and convenient direct access to the laundry room from the spacious walk-in closet. The North facing backyard provides 3 separate patio spaces, perfect for entertaining. Gorgeous plank tile, new carpet in bedrooms, surround sound and 10' ceilings create a beautiful ambiance. Flexible spaces, thoughtful design and an inviting neighborhood setting make this home a standout in the heart of Gilbert. MORE... Conveniently located on a cul-de-sac lot and near restaurants, freeway access and Gilbert Unified School District. Sellers used eastern flex space as a fourth bedroom.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2017
- Lot Size
- 7,500 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $438 / Month
Neighborhood Insights
Gilbert Unified Schools
Greenfield Elementary School
Grades PK-6 • 1.1 mi
9/10
Highland Park Elementary School
Grades PK-6 • 1.6 mi
8/10
Towne Meadows Elementary School
Grades PK-6 • 2.7 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,742 | 2,210.986 |
| Lot Size | 7,500 | 7,346.256 |
| Price | $825.0K | $598.8K |
| Price per sq ft | $301 | $280 |
| Built year | 2017 | 2003 |
| HOA | $438 | $224 |
| Days on market | 28 | 71 |
Pricing History
Listed for Sale
Aug 12, 2026
$825,000
Initial Listing