2944 E Megan Street, Gilbert, AZ 85295, Gilbert, 85295 - 3 bed, 3 bath
Loading property details...
2944 E Megan Street
Gilbert, AZ 85295
ACTIVE
CONDITION: GOOD
3Beds
3Baths
1,748Sq Ft
3,833Lot Size
Property Price
LIST PRICE$425,000
EST. MARKET VALUE
$437,223
SUMMARY
This Move-In Ready Single Family Residence is a Strong Value Opportunity, listed at $434,900—positioned well below the $440,541 Fair Market Value by 1.28%. This valuation gap offers $5,641 in Instant Equity for the buyer. Featuring a Good Condition Rating with recent flooring and paint updates, the home is situated in a top-tier district with Higley Elementary (9/10) and Williams Field High (8/10). This is an ideal acquisition for Owner-Occupants or first-time buyers seeking a polished, well-located home.
Estimated Market Value
$437,223
Based on Realkey algorithm analyzing recent comparable sales in Gilbert.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2944 E Megan Street Subject | $425,000* List Price | 3 | 3 | 1,748 | $250 | - |
A 2220 S BUCKAROO Trail Sold | $432,000 | 3 | 3 | 1,764 | $245 | 1.0 mi |
B 3139 E Harrison Street Sold | $410,000 | 3 | 3 | 1,488 | $276 | 0.4 mi |
C 2154 S MARTINGALE Road Sold | $460,000 | 3 | 3 | 1,781 | $258 | 0.8 mi |
D 1753 S BALBOA Drive Sold | $439,000 | 3 | 3 | 1,748 | $251 | 0.3 mi |
E 2842 E MEGAN Street Sold | $435,000 List Price | 3 | 3 | 1,488 | 0.1 mi | |
F 2563 E BART Street Pending | $445,000 List Price | 3 | 3 | 1,748 | $255 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2007 (17 years old), this property falls within the 10-20 year age bracket for a 'Good' rating. The home is well-maintained and move-in ready, featuring recent cosmetic refreshments including new flooring and fresh interior paint. While the kitchen and bathrooms appear to retain their original 2007 cabinetry and laminate countertops, they are functional and clean.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Middle School: Higley Elementary School (9/10).
- Move-In Ready Condition
The home features recent aesthetic updates including new flooring and fresh interior paint in neutral tones, offering a clean, modern aesthetic that requires no immediate renovation.
- Highly-Rated School District
The property is situated within the boundaries of top-performing schools, including Higley Elementary (9/10) and Williams Field High (8/10), providing significant long-term value for families.
CONSRISKS & DEFICIENCIES
- Limited Outdoor Space
The compact lot size of 3,833 square feet results in a smaller backyard, which may be a disadvantage for buyers seeking extensive outdoor living or play areas.
- Aging Major Systems
Built in 2007, the property's original mechanical systems and roof are approaching the end of their typical 20-year life cycle, which may necessitate future capital expenditures.
About 2944 E Megan Street
Cute and clean home located in a prime central Gilbert location! This beautifully refreshed home features 3 bedrooms, 2.5 baths, new flooring, and fresh interior paint. Neutral colors and modern finishes create a clean and inviting feel throughout. The thoughtfully designed floor plan offers comfortable living spaces with plenty of natural light and a versatile layout. Enjoy the convenience of being located near some of Gilbert's best restaurants, shopping, entertainment, and everyday amenities. Whether you're looking for a stylish place to make your home or a great location close to everything Gilbert has to offer, this home is a must-see. Fresh, clean, and ready for its next owner!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2007
- Lot Size
- 3,833 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $90 / Month
Neighborhood Insights
Gilbert Unified Schools
Higley Elementary School
Grades PK-8 • 0.9 mi
9/10
Cooley Middle School
Grades 7-8 • 1.4 mi
7/10
Higley Traditional Academy
Grades PK-8 • 1.5 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,748 | 2,210.986 |
| Lot Size | 3,833 | 7,346.256 |
| Price | $425.0K | $598.8K |
| Price per sq ft | $243 | $280 |
| Built year | 2007 | 2003 |
| HOA | $90 | $224 |
| Days on market | 29 | 71 |
Pricing History
Listed for Sale
Aug 20, 2026
$425,000
$434,900
-2% Price Drop
Initial Listing
Price Change
Aug 11, 2026
$434,900
Initial Listing
Sold
May 24, 2007
$231,403
Public Record