2997 E PARKVIEW Drive, Gilbert, AZ 85295, Gilbert, 85295 - 4 bed, 3 bath
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Gilbert, AZ 85295
This Spacious Single-Level Residence represents a High-Potential Investment Opportunity, with a List Price of $725,000—positioned well below the $977,315 Fair Market Value by 25%. This significant valuation gap secures $252,315 in Instant Equity for the buyer. While maintaining a Fair Condition Rating due to original 2001 finishes, the home features a resort-style backyard with a pool and spa and sits on a premium greenbelt lot. Located near top-rated Williams Field High School, this property perfectly balances lifestyle perks with forced appreciation potential. It is an ideal acquisition for Owner-Occupants seeking a value-add home or Buy-and-Hold Investors targeting a high-equity asset in Gilbert.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2997 E PARKVIEW Drive Subject | $725,000* List Price | 4 | 3 | 2,862 | $341 | - |
A 2945 E CLIFTON Avenue Sold | $699,000 | 4 | 3 | 2,862 | $244 | 0.3 mi |
B 3519 E BRIDGEPORT Parkway Sold | $845,000 | 4 | 3 | 2,740 | $308 | 0.7 mi |
C 2965 E VERMONT Drive Sold | $810,000 | 4 | 3 | 3,663 | $221 | 0.2 mi |
D 2864 E PONY Court Sold | $515,000 | 4 | 2 | 1,840 | $280 | 0.5 mi |
E 2689 S ROCKWELL Street Sold | $900,000 | 4 | 3 | 2,862 | $314 | 0.1 mi |
F 3113 E BOSTON Street Active Under Contract | $625,000 List Price | 4 | 2 | 2,524 | $248 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is exceptionally well-maintained and move-in ready, but it aligns with the 'Fair' criteria due to its age (built 2001) and lack of a comprehensive interior renovation. While it features significant maintenance updates like a new HVAC system, recent exterior paint, and new pool decking, the kitchen and bathrooms retain their original 2001 styling, including raised maple cabinets, older granite patterns, and a mix of white and stainless appliances.
The outdoor space is a premier feature, offering a private pool with a spa, new cool decking, mature shade trees, and a covered patio with surround sound, ideal for Arizona entertaining.
The thoughtfully designed split floor plan includes four bedrooms plus a private den with double doors, providing excellent separation of space and flexibility for a home office or media room.
Set on a desirable north/south facing lot that sides a community common area, the property offers increased privacy and better energy efficiency compared to standard interior lots.
With 42-inch raised maple cabinets and 2001-era styling, the kitchen and bathrooms may require cosmetic updates to meet the expectations of buyers seeking a modern aesthetic.
While the HVAC and exterior paint are recently updated, other original 2001 components such as the roof and windows may be approaching the end of their functional lifespan.
Welcome to this thoughtfully designed single-level home in the desirable Chaparral Estates West community. Set on a premium north/south facing lot, siding community common area, the split floor plan offers 4-bedroom, 3-baths plus private den and flexible dining space--ideal for both everyday living and entertaining. At the heart of the home, the kitchen brings people together with a generous island, granite countertops, 42'' raised maple cabinets, and a sunny breakfast nook overlooking the backyard. The great room flows seamlessly from the kitchen and features an electric fireplace, and surround sound, perfect for gatherings that move effortlessly inside and out. The primary suite is a true retreat with double-door entry, direct patio access, and a spa-inspired bathroom complete with a walk-in shower, soaking tub, dual vanities, and a walk-through closet. Secondary bedrooms are well-appointed and comfortable, while the double doors at the den offers a quiet space for work, hobbies, or a media room. Step outside to enjoy a backyard designed for Arizona living, featuring a covered patio with surround sound, mature shade trees, grassy play space, and a resort-style play pool with spa. New cool decking completed in 2026 enhances both comfort and style, making this backyard an inviting space year-round. Additional highlights include tile flooring throughout main living areas, shutters on most windows, a functional laundry room, and a 3-car garage with ample storage. With recent updates including exterior paint and HVAC, this home offers comfort, flexibility, and an easy lifestyle in one of Gilbert's established neighborhoods. The community includes children's play grounds plus green spaces: is close to shopping, restaurants and Hwy 202 offering easy access to surrounding amenities.
No exterior & parking available.
Grades K-8 • 0.5 mi
Grades 7-8 • 2.3 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,862 | 2,136 | 76% |
| Lot Size | 10,000 | 7,500 | 76% |
| Price | $725.0K | $410.0K | 89% |
| Price per sq ft | $253 | $214 | 64% |
| Built year | 2001 | 2004 | 29% |
| HOA | $312 | $125 | 92% |
| Days on market | 55 | 2472 | 1% |
Feb 26, 2026
$725,000
Initial Listing