2935 E LEXINGTON Avenue, Gilbert, AZ 85234, Gilbert, 85234 - 3 bed, 3 bath
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Gilbert, AZ 85234
This Spacious Single-Level Residence is a Strong Value Opportunity, listed at $730,000—positioned well below the $806,203 Fair Market Value by 9%. This valuation gap provides $76,203 in Instant Equity for buyers. While maintaining a Condition Rating of 4, the home features a Rare 4-Car Garage and updated Energy-Efficient AC units, though the interior offers significant upside through cosmetic modernization. Situated on an Expansive 10,439 sqft Lot in Higley Groves West, this asset balances immediate equity with long-term lifestyle potential. 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 |
|---|---|---|---|---|---|---|
★ 2935 E LEXINGTON Avenue Subject | $730,000* List Price | 3 | 3 | 2,784 | $290 | - |
A 3254 E WASHINGTON Avenue Active | $730,000 List Price | 4 | 3 | 2,490 | $293 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2001, the property is well-maintained and move-in ready but shows its age through original finishes. The kitchen features dated Corian countertops, white appliances, and 2001-era cabinetry. While the AC units have been updated (2013/2020) and the tile flooring is durable, the overall interior aesthetic and fixtures require cosmetic modernization to meet current market standards for a home of this size.
The property features a rare four-car garage, providing exceptional storage and parking space that is highly sought after for single-level homes in this community.
Enhanced with extra attic insulation and updated AC units from 2013 and 2020, the home offers improved utility efficiency and climate control reliability in the Arizona heat.
Situated on a generous 10,439 sqft lot with room for a pool, the spacious 2,784 sqft interior features an open, airy floor plan and a desirable split master suite.
With Corian countertops and original 2001 styling, the kitchen and bathrooms may require cosmetic updates to meet modern luxury design standards.
Despite the large square footage of nearly 2,800 sqft, the home only offers three bedrooms, which may limit its appeal to larger families seeking more sleeping quarters.
Rare single level home in Higley Groves west with a 4 CAR GARAGE. Located well within the community, this home is quiet and spacious. At the time of build, the owner added extra attic insulation for more efficient utilities. The AC units are 2013 and 2020. The interior is open and airy with a split master suite. The master bath includes a Jacuzzi tub, dual vanities and a HUGE walk in closet. The kitchen is large with 48'' uppers and corian counter tops. The entire home has tile floors for easy upkeep. The back yard includes a covered patio and is large enough for a pool. Recent appraisal at 730k Come see this place and make it your Gilbert home!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 44% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,784 | 2,039 | 83% |
| Lot Size | 10,439 | 6,913 | 86% |
| Price | $730.0K | $479.0K | 89% |
| Price per sq ft | $262 | $256 | 53% |
| Built year | 2001 | 1994 | 81% |
| HOA | $156 | $75 | 80% |
| Days on market | 33 | 2339 | 1% |
Mar 20, 2026
$730,000
Initial Listing