2942 E Appaloosa Road, Gilbert, AZ 85296, Gilbert, 85296 - 5 bed, 4 bath
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Gilbert, AZ 85296
This Spacious Modern Estate is a Strong Value Opportunity, listed at $1,049,990—positioned well below the $1,150,627 Fair Market Value by 8%. This valuation gap offers $100,637 in Instant Equity for buyers. Maintaining a Like-New Condition Rating, the property features a Chef’s Kitchen, Private Pool with Baja Shelf, and proximity to the 9/10 Rated Greenfield Elementary. Located in the iconic Morrison Ranch, it blends lifestyle luxury with significant financial upside. This is an ideal acquisition for Owner-Occupants or Growing Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2942 E Appaloosa Road Subject | $1,049,990* List Price | 5 | 4 | 3,786 | $304 | - |
A 3485 E SILO Drive Sold | $865,000 List Price | 5 | 3 | 2,563 | 0.8 mi | |
B 2901 E PINTO Drive N Sold | $850,000 List Price | 3 | 3 | 2,675 | 0.1 mi | |
C 2858 E Spring Wheat Court Sold | $850,000 | 3 | 3 | 2,436 | $349 | 0.2 mi |
D 3021 E AGRITOPIA Loop N Sold | $1,250,000 | 5 | 4 | 3,765 | $332 | 1.0 mi |
E 3162 E BLOOMFIELD Parkway Sold | $870,000 | 4 | 3 | 3,051 | $285 | 0.3 mi |
F 3527 E AUSTIN Drive Active Under Contract | $935,000 List Price | 5 | 3 | 2,992 | $313 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2017, this property is less than 10 years old and maintains a like-new condition. The chef's kitchen features premium stainless steel appliances, modern dark cabinetry, and high-quality stone countertops. The home boasts brand new carpeting, contemporary wood-look tile flooring, and updated light fixtures throughout. The bathrooms are spa-inspired with modern tiling and fixtures, and the overall property shows no signs of deferred maintenance, meeting the highest standards for quality and style.
Elementary School: Greenfield Elementary School (9/10).
Situated in the highly desirable Morrison Ranch, the property benefits from iconic tree-lined streets and a peaceful neighborhood atmosphere while remaining minutes from the 202 and top-tier Gilbert amenities.
The backyard offers exceptional privacy with no two-story homes directly behind, featuring a sparkling pool with a baja shelf, a charming gazebo, and an expansive covered patio for seamless indoor-outdoor living.
The three-car garage is in a tandem configuration, which can be less convenient for multi-vehicle households compared to a traditional side-by-side three-car layout.
While the local elementary school is highly rated (9/10), the assigned high school carries a lower rating (4/10), which may be a consideration for families prioritizing specific academic performance metrics.
Located in the heart of Gilbert's beloved Morrison Ranch community, this exceptional 5 bedroom home offers the perfect blend of charm, comfort and Arizona living at its finest. Tree lined streets, welcoming neighbors and picture perfect homes set the tone for a lifestyle that feels both connected and peaceful. This is the kind of neighborhood where community truly means something. With nearly 3800 square feet of beautifully designed living space and a prime location near the 202, you are minutes from top rated schools, premier shopping, exceptional dining and everything that makes Gilbert one of Arizona's most sought after places to call home. Step inside and feel the impact of soaring ceilings and a thoughtfully designed layout that balances elegance with everyday functionality. Formal living and dining spaces create the perfect setting for gatherings and celebrations. The chef's kitchen is designed to impress with a generous island, butler's pantry and premium stainless steel appliances that make hosting effortless. Just off the kitchen, a covered patio makes outdoor cooking and serving simple and seamless. The great room opens beautifully to a private backyard retreat. With no 2 story homes behind you, enjoy lush landscaping, added privacy and a sparkling pool complete with a baja shelf for relaxing under the Arizona sun. The expansive covered patio is ideal for outdoor dining, while the charming gazebo sets the scene for cozy evenings with family and friends. Downstairs, a private guest suite with a full bath and walk in shower offers the perfect setup for visitors or multi generational living. A 3 car tandem garage and a functional stop and drop area add convenience to daily life. Brand new carpet brings fresh comfort to the bedrooms. Upstairs, a dramatic staircase leads to a spacious bonus room that can easily transform into a game room, media space or home office. The primary suite feels like a true retreat, beginning with a private entry foyer and continuing into a spa inspired bath featuring a soaking tub, walk in shower, dual vanities and an expansive walk in closet. 2 additional bedrooms share a Jack and Jill bath, while a 5th bedroom and another full bath complete the upper level. This is more than a house. It is the backdrop for your next chapter. Come start making memories today!
No exterior & parking available.
Grades PK-6 • 1.0 mi
Grades PK-6 • 1.4 mi
Grades PK-6 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 84% |
| Baths | 4.0 | 3.0 | 88% |
| Square foot | 3,786 | 2,089.5 | 96% |
| Lot Size | 7,500 | 6,821 | 59% |
| Price | $1.05M | $445.0K | 95% |
| Price per sq ft | $277 | $232 | 71% |
| Built year | 2017 | 2001 | 90% |
| HOA | $429 | $140 | 91% |
| Days on market | 66 | 2528 | 1% |
Feb 16, 2026
$1,049,990
Initial Listing