289 E HORSESHOE Avenue, Gilbert, AZ 85296, Gilbert, 85296 - 5 bed, 3 bath
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Gilbert, AZ 85296
This Extensively Remodeled Residence is a High-Potential Investment Opportunity, featuring a List Price of $785,000—positioned well below the $888,279 Fair Market Value by 11%. This valuation gap secures $103,279 in Instant Equity. Boasting a Condition Rating of 2, the interior showcases a Remodeled Quartz Kitchen, Custom Tiled Showers, and Two Newer HVAC Units. With a Sparkling Play Pool and proximity to Downtown Gilbert, this home balances luxury with significant financial upside. It is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 289 E HORSESHOE Avenue Subject | $785,000* List Price | 5 | 3 | 3,245 | $274 | - |
A 230 E ARABIAN Drive Sold | $800,000 | 5 | 3 | 2,735 | $293 | 0.7 mi |
B 339 E HORSESHOE Avenue Sold | $677,500 | 4 | 3 | 3,245 | $209 | 0.1 mi |
C 249 E PALOMINO Court Sold | $770,000 | 5 | 3 | 2,735 | $282 | 0.5 mi |
D 756 E PALOMINO Drive Sold | $653,000 | 5 | 3 | 2,220 | $294 | 0.8 mi |
E 102 S HONEYSUCKLE Lane Sold | $699,900 List Price | 5 | 3 | 3,054 | 0.6 mi | |
F 278 E SAGEBRUSH Street Sold | $595,000 | 4 | 2 | 2,262 | $263 | 0.4 mi |
G 418 S BURK Street Active | $750,000 List Price | 5 | 3 | 2,726 | $275 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1997, the property has undergone extensive recent renovations within the last 5 years. Key updates include a fully remodeled kitchen with quartz countertops and newer stainless steel appliances, completely updated bathrooms with custom tile and quartz, new carpeting, and major mechanical upgrades including two newer HVAC units, making it move-in ready with no deferred maintenance.
The property features high-end updates including a remodeled kitchen with quartz countertops and stainless appliances, plus custom-tiled bathrooms with quartz finishes, offering a move-in-ready aesthetic.
At 3,245 square feet with five bedrooms, a first-floor bedroom and full bath, and an additional bonus room, the layout is perfectly suited for multi-generational living or a dedicated home office.
The installation of two newer HVAC units provides significant value and peace of mind regarding energy efficiency and climate control in the Arizona heat.
The assigned elementary, middle, and high schools carry ratings of 4 and 5, which may be less competitive for buyers specifically targeting Gilbert's top-tier academic districts.
While the interior is beautifully remodeled, the 1997 build date suggests that original exterior or structural components, such as the roof, may be approaching the end of their typical lifespan.
WOW! Seller offering 2/1Buy Down on Buyer's Loan! Hurry Wonderful Remodeled 5bdrm 3ba home with Sparkling Pool on corner lot! Fantastic location just minutes from Downtown Gilbert. This Former Model is located in the private Farmhouse Meadows Community with 2+ acre park. Remodeled with new custom baths with custom tiled showers and quartz counters! 2 Newer HVAC units! Gorgeous kitchen with refinished white cabinets w/ new hardware and new quartz counters! Newer stainless steel appliances! 1 bedroom and bath on 1st floor along with bonus room, perfect for office or kids play room! Entertaining backyard with fenced sparkling play pool and grass for the kids and pets!
No exterior & parking available.
Grades PK-6 • 0.6 mi
Grades 6-8 • 0.6 mi
Grades 8-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 84% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,245 | 2,089.5 | 87% |
| Lot Size | 7,606 | 6,821 | 61% |
| Price | $785.0K | $445.0K | 89% |
| Price per sq ft | $242 | $232 | 54% |
| Built year | 1997 | 2001 | 34% |
| HOA | $700 | $140 | 98% |
| Days on market | 40 | 2528 | 1% |
Mar 14, 2026
$785,000
Initial Listing
Jan 23, 1998
$203,253
Public Record