2859 E CATHY Drive, Gilbert, AZ 85296, Gilbert, 85296 - 4 bed, 3 bath
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Gilbert, AZ 85296
This Single Family Residence represents a Strong Value Opportunity, listed at $520,000—positioned well above the $485,943 Fair Market Value by 7%. While priced at a premium, the property features rare full plywood wrap construction and a versatile downstairs bedroom/office. With a Condition Rating of 4, the home is well-maintained but offers significant potential for cosmetic modernization. This unique layout and structural integrity make it an ideal acquisition for Owner-Occupants seeking a customizable home or Buy-and-Hold Investors targeting long-term appreciation in Gilbert.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2859 E CATHY Drive Subject | $520,000* List Price | 4 | 3 | 2,038 | $238 | - |
A 2535 E CAMELLIA Drive Sold | $465,000 | 4 | 3 | 2,303 | $202 | 0.5 mi |
B 2535 E CAMELLIA Drive Sold | $465,000 | 4 | 3 | 2,303 | $202 | 0.5 mi |
C 2762 E DEVON Court Sold | $460,000 | 4 | 3 | 1,892 | $243 | 0.3 mi |
D 1105 S PORTLAND Avenue Sold | $635,000 | 4 | 3 | 2,410 | $263 | 0.5 mi |
E 2853 E CATHY Drive Sold | $470,000 | 3 | 2 | 1,648 | $285 | 0.0 mi |
F 2865 E CATHY Drive Sold | $430,000 | 3 | 2 | 1,648 | $261 | 0.0 mi |
G 2347 E RANCH Road Active | $550,000 List Price | 4 | 2 | 2,004 | $274 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1999 (25 years old), the property is well-maintained but dated. While it features updated stainless steel appliances, the kitchen cabinetry, parquet flooring, and bathroom fixtures appear original to the build date, requiring cosmetic updates to meet modern standards.
Features a rare builder customization with full plywood wrap construction, providing enhanced structural integrity and durability that is unique within the Rancho Corona community.
The layout includes a highly desirable downstairs bedroom and full bathroom, currently configured as a professional office, offering flexibility for multi-generational living or remote work.
High-vaulted ceilings in the formal living and dining areas combined with large windows create an open, airy atmosphere with abundant natural light throughout the home.
At 5,571 square feet, the lot is relatively small for a four-bedroom residence, which may limit options for buyers seeking extensive private yard space or large-scale landscaping.
With a build date of 1999 and no mention of recent mechanical upgrades, buyers may need to account for the remaining useful life of original major systems like the HVAC or roof.
Fantastic 4-bed, 3-bath home in Rancho Corona! A 2-car garage, desert front yard, & a front porch are just the beginning. This home features a rare builder customization with full plywood wrap construction -- the only one in the community! The inviting interior showcases tons of natural light, designer paint, and tile & parquet wood flooring t/out. You'll love the formal living & dining room w/high-vaulted ceilings, alongside an inviting family room w/built-in media center & sliding doors to the back! The kitchen boasts SS appliances, wood cabinetry, recessed lighting, a walk-in pantry, extra eating area, & an island w/breakfast bar. One bedroom & one bathroom downstairs, with the downstairs bedroom fully furnished as an office perfect for working from home! Upstairs you will enjoy the large master bedroom, featuring an ensuite with dual sinks, separate tub/shower, & a walk-in closet. The large backyard, with covered & circular patios, is the ideal spot to relax or enjoy BBQ. A custom round concrete slab offers the perfect space for an above-ground pool, hot tub, gazebo, or outdoor seating area, Welcome home!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,038 | 2,039.5 | 50% |
| Lot Size | 5,571 | 6,897.5 | 29% |
| Price | $520.0K | $0 | 73% |
| Price per sq ft | $255 | $0 | 65% |
| Built year | 1999 | 1999 | 50% |
| HOA | $64 | $135 | 25% |
| Days on market | 23 | 3131 | 1% |
May 21, 2026
$520,000
Initial Listing