2907 E DERRINGER Way, Gilbert, AZ 85297, Gilbert, 85297 - 6 bed, 4 bath
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Gilbert, AZ 85297
Analysis of 2907 E DERRINGER Way, Gilbert, AZ 85297 is currently available with a list price of $850,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Gilbert Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
While the home was built in 2012 (14 years old), it has sustained significant flood damage and is being sold strictly as-is for renovation. The requirement for a full rehab to address potential safety, electrical, and structural issues from water damage overrides its relatively young age.
Middle School: Sossaman Middle School (9/10). High School: Higley High School (9/10).
With an as-is list price of $850,000 and renovated comparable homes valued at approximately $1.2 million, this property offers a substantial $350,000 margin for value-add renovation and equity growth.
The property features an oversized 12,600 sqft lot backing to a greenbelt in a highly desirable Gilbert neighborhood, complemented by top-rated schools with ratings of 8 and 9.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 5637, other record living area = 7200. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 8.
The home has sustained significant flood damage, requiring a comprehensive and costly restoration process to address remediation, structural, and cosmetic issues.
Sold strictly in as-is condition, the property places all remediation responsibility on the buyer and may present significant challenges for securing traditional financing.
Rare opportunity to restore a former model home in a highly desirable neighborhood! Originally designed with extensive builder upgrades, this spacious home offers 6 bedrooms, an office, loft, media room, and an oversized lot backing to a greenbelt. The property sustained flood damage and is being sold strictly as-is, creating an outstanding opportunity for investors or buyers looking to renovate, customize, and build equity. The as-is appraised value is $850,000, while renovated comparable homes in the area have sold for approximately $1.2 million, highlighting the property's exceptional potential. Bring your vision and transform this home into something truly special. Buyer to verify all facts and conduct their own due diligence.
No exterior & parking available.
Grades PK-6 • 0.7 mi
Grades 7-8 • 3.6 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 6,169 | - |
| Lot Size | 12,600 | - |
| Price | $850.0K | $554.5K |
| Price per sq ft | $138 | $287 |
| Built year | 2012 | 0 |
| HOA | $90 | $0 |
| Days on market | 31 | 2717 |
Jun 23, 2026
$850,000
Initial Listing