296 E FRANCES Lane, Gilbert, AZ 85295, Gilbert, 85295 - 5 bed, 4 bath
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Gilbert, AZ 85295
This Spacious Updated Residence is a Strong Value Opportunity, listed at $850,000—positioned well below the $932,961 Fair Market Value by 8%. This valuation gap secures $82,961 in Instant Equity for the incoming buyer. Boasting a Condition Rating of 3, the home features a Resort-Style Backyard with a heated pool and spa, alongside a Modern Granite Kitchen and over 4,000 sq. ft. of living space. With major capital improvements including a Newer Roof and A/C, this property balances luxury lifestyle with significant financial upside. It is an ideal acquisition for Growing Families or Owner-Occupants looking to build wealth in a prime Gilbert location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 296 E FRANCES Lane Subject | $850,000* List Price | 5 | 4 | 4,093 | $228 | - |
A 331 E PHELPS Street Sold | $808,000 | 5 | 3 | 3,479 | $232 | 0.2 mi |
B 643 E LOWELL Avenue Sold | $900,000 List Price | 5 | 4 | 4,000 | 0.6 mi | |
C 586 E Julian Drive Sold | $784,000 | 5 | 3 | 2,979 | $263 | 0.4 mi |
D 909 E BRIDGEPORT Parkway Sold | $867,000 | 4 | 3 | 3,275 | $265 | 0.9 mi |
E 3153 S SIERRA Street Active | $950,000 List Price | 5 | 4 | 4,258 | $223 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features significant capital improvements, including a newer roof and A/C system. While built in 2003, the home has been updated with modern kitchen finishes, granite countertops, and a mix of tile and hardwood flooring. The interior images show well-maintained spaces with contemporary paint schemes and updated baseboards, meeting the criteria for a well-maintained home with major systems within their functional lifespan.
The property features a premium outdoor retreat equipped with a heated pool, spa, and built-in BBQ, offering high-end entertainment value and year-round utility.
The inclusion of a newer roof and updated A/C systems significantly reduces the risk of near-term maintenance costs and enhances the home's overall energy efficiency.
Boasting over 4,000 sq. ft. with five bedrooms, a separate study, and a large upstairs bonus room, the layout provides exceptional space for multi-generational living or remote work.
The substantial square footage combined with the maintenance of a heated pool and spa will likely result in higher-than-average utility and upkeep costs for the homeowner.
The assigned schools carry ratings of 6 and 7, which, while good, may not meet the expectations of buyers specifically targeting Gilbert's top-tier 9 or 10-rated school zones.
Spacious and beautifully updated. This 5 bedroom, 3.5 bath home offers over 4,000 sq. ft. of comfortable living in a prime Gilbert location. The property features a 3-car garage, newer roof and A/C and a resort-style backyard, designed for entertaining. Inside you'll find an open and inviting layout with tile and hardwood flooring throughout. The updated kitchen boasts modern finishes, granite counters, a walk-in pantry and flows seamlessly into the dining and living areas. A large T.V. room upstairs and separate study provide space for work, play, or relaxation. The oversized laundry room adds convenience and extra storage. Step outside to your private retreat with heated pool, spa and built-in BBQ, perfect for year-round gatherings. This home truly combines comfort, style and functionality in one of Gilbert's most desirable neighborhoods.
No exterior & parking available.
Grades K-6 • 1.5 mi
Grades 7-8 • 1.5 mi
Grades 8-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 80% |
| Baths | 4.0 | 3.0 | 86% |
| Square foot | 4,093 | 2,136 | 93% |
| Lot Size | 10,200 | 7,500 | 82% |
| Price | $850.0K | $410.0K | 94% |
| Price per sq ft | $208 | $214 | 50% |
| Built year | 2003 | 2004 | 46% |
| HOA | $0 | $120 | 3% |
| Days on market | 52 | 2472 | 1% |
Mar 1, 2026
$850,000
Initial Listing