2940 E Eleana Lane, Gilbert, AZ 85298, Gilbert, 85298 - 3 bed, 2 bath
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Gilbert, AZ 85298
This Single-Level Shamrock Estates Residence is a Strong Value Opportunity, listed at $649,750—positioned well below the $713,092 Fair Market Value by 8%. This valuation gap provides $63,342 in Instant Equity for the buyer. Maintained in Good Condition, the home features a salt water pool, mountain views, and a newer A/C system. Its location within walking distance of the 9/10 rated CTA Freedom Elementary ensures long-term desirability and lifestyle convenience. This property is an exceptional acquisition for Owner-Occupants seeking a turnkey lifestyle or Buy-and-Hold Investors targeting high-demand school districts.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2940 E Eleana Lane Subject | $649,750* List Price | 3 | 2 | 2,180 | $327 | - |
A 6219 S BANNING Street Sold | $675,000 | 5 | 3 | 2,446 | $276 | 0.4 mi |
B 3478 E FLOWER Street Sold | $525,000 List Price | 4 | 3 | 2,356 | 0.9 mi | |
C 6219 S BANNING Street Sold | $675,000 | 5 | 3 | 2,446 | $276 | 0.4 mi |
D 3435 E ANIKA Court Sold | $485,000 | 3 | 2 | 1,749 | $277 | 0.6 mi |
E 2935 E MEAD Drive Sold | $575,000 | 4 | 3 | 1,974 | $291 | 0.2 mi |
F 3021 E TONTO Drive Sold | $455,000 | 4 | 2 | 1,651 | $276 | 0.1 mi |
G 6171 S BANNING Street Active | $650,000 List Price | 4 | 3 | 2,165 | $300 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property was built in 2008 (18 years old), which aligns with the 'good' condition criteria. It is move-in ready and shows high pride of ownership with well-maintained systems. Key updates include a newer A/C unit, newer hot water heater, and all-new kitchen appliances. While the dark wood cabinetry and tile flooring reflect the original construction style rather than a full modern renovation, the home features high-end shutters and a well-kept salt water pool, indicating minimal physical depreciation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9476, living area = 2180.
Elementary School: Chandler Traditional Academy-Freedom (9/10).
Situated in the highly desirable Shamrock Estates, the home is a short walk to the top-rated CTA Freedom Elementary and minutes from the expansive Gilbert Regional Park, offering exceptional lifestyle convenience.
With only three bedrooms for over 2,100 square feet, the layout may lack the flexibility or additional office space often sought by larger families or remote workers in this price bracket.
The property is subject to mandatory HOA fees and community regulations, which adds to the recurring carrying costs and imposes specific guidelines on property modifications.
Beautifully maintained single level home in highly desirable Shamrock Estates in SE Gilbert, just a 5 minute walk to one of the area's most sought after Elementary schools, CTA Freedom. Situated on a premium, easy maintenance corner lot; this home boasts exceptional functionality and pride of ownership throughout. Spacious kitchen features all new appliances, abundance of cabinetry & counter space and a walk-in pantry. 3 bedrooms and 2 bathrooms with primary suite overlooking peaceful backyard with two walk-in closets. High-end window shutters throughout. Backyard complete with sparkling salt water pool, covered patio, and mature desert plants. Perfect for enjoying AZ living year-round. 3 car garage. Newer A/C unit & hot water heater. Walkable to multiple neighborhood parks. Less than 5 minutes south of Gilbert Regional Park which hosts multiple concerts and events every year and is home to 16 pickleball courts, tennis courts, basketball courts, sand volleyball courts, large multi-level play area, splash pad, lake for fishing.
No exterior & parking available.
Grades PK-6 • 0.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 47% |
| Baths | 2.0 | 3.0 | 40% |
| Square foot | 2,180 | 2,341.5 | 42% |
| Lot Size | 9,476 | 8,347.5 | 67% |
| Price | $649.8K | $519.5K | 68% |
| Price per sq ft | $298 | $260 | 70% |
| Built year | 2008 | 2006 | 57% |
| HOA | $289 | $258 | 52% |
| Days on market | 59 | 2499 | 1% |
Feb 23, 2026
$649,750
Initial Listing