2856 E MEGAN Street, Gilbert, AZ 85295, Gilbert, 85295 - 3 bed, 3 bath
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2856 E MEGAN Street
Gilbert, AZ 85295
ACTIVE
CONDITION: GOOD
3Beds
3Baths
1,735Sq Ft
3,111Lot Size
Property Price
LIST PRICE$422,000
EST. MARKET VALUE
$432,917
SUMMARY
This Move-In Ready Single Family Residence is a Strong Value Opportunity, listed at $435,000—positioned well below the $438,960 Fair Market Value by 0.9%. This valuation gap offers $3,960 in Instant Equity. Featuring a Good Condition Rating, the home offers a functional layout with a covered patio and low-maintenance turf. Located in a district with Top-Rated Schools like Higley Elementary (9/10), this property is an ideal acquisition for Owner-Occupants or first-time buyers seeking a stable, well-maintained home.
Estimated Market Value
$432,917
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 |
|---|---|---|---|---|---|---|
★ 2856 E MEGAN Street Subject | $422,000* List Price | 3 | 3 | 1,735 | $250 | - |
A 3139 E Harrison Street Sold | $410,000 | 3 | 3 | 1,488 | $276 | 0.5 mi |
B 2842 E MEGAN Street Sold | $435,000 List Price | 3 | 3 | 1,488 | 0.0 mi | |
C 2784 E MEGAN Street Active | $435,000 List Price | 3 | 3 | 1,748 | $249 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2006 (20 years old), the property is well-maintained and move-in ready. The kitchen and bathrooms feature functional original finishes like dark wood cabinetry and tile counters, which are in good repair, and the inclusion of stainless steel appliances and clean carpet supports a 'Good' rating for its age bracket.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Middle School: Higley Elementary School (9/10).
- Top-Rated School District
The property is served by highly-rated schools, including Higley Elementary (9/10) and Williams Field High School (8/10), providing significant long-term value for families.
- Low-Maintenance Exterior
The backyard features a covered patio and artificial turf, offering a private outdoor space that requires minimal upkeep, ideal for busy professionals or investors.
CONSRISKS & DEFICIENCIES
- Small Lot Size
At 3,111 square feet, the lot is relatively compact for a single-family residence, which may limit options for significant landscaping or large outdoor gatherings.
- Dated Kitchen Surfaces
The kitchen utilizes tile countertops rather than modern stone or quartz, which may be perceived as a dated feature requiring a future capital investment to modernize.
About 2856 E MEGAN Street
INCREDIBLE BUYER INCENTIVES: $6,000 MORTGAGE CONCESSION. Seller will pay up to $6,000 at closing towards your interest rate buydown if you finance with lender of sellers choice. 2856 E Megan St is a two-story Gilbert home with a functional main-level layout finished in tile flooring. The kitchen features dark wood cabinetry, a peninsula with a raised breakfast bar, generous tile counter space, a stainless steel range, and a window over the sink, opening to the adjoining living and dining areas. Carpeted living spaces and bedrooms provide comfortable retreats, and the primary suite pairs with a full bathroom, while a secondary bath includes a tub-and-shower combination and a main-level half bath adds convenience. Out back, a covered patio overlooks the low-maintenance turf yard
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2006
- Lot Size
- 3,111 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $150 / Month
Neighborhood Insights
Gilbert Unified Schools
Higley Elementary School
Grades PK-8 • 1.0 mi
9/10
Cooley Middle School
Grades 7-8 • 1.5 mi
7/10
Higley Traditional Academy
Grades PK-8 • 1.6 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,735 | 2,210.986 |
| Lot Size | 3,111 | 7,346.256 |
| Price | $422.0K | $598.8K |
| Price per sq ft | $243 | $280 |
| Built year | 2006 | 2003 |
| HOA | $150 | $224 |
| Days on market | 21 | 71 |
Pricing History
Listed for Sale
Aug 28, 2026
$422,000
$435,000
-3% Price Drop
Initial Listing
Price Change
Aug 19, 2026
$435,000
Initial Listing