30 E PALO VERDE Street, Gilbert, AZ 85296, Gilbert, 85296 - 4 bed, 2 bath
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30 E PALO VERDE Street
Gilbert, AZ 85296
PENDING
CONDITION: FAIR
4Beds
2Baths
1,962Sq Ft
12,545Lot Size
Property Price
LIST PRICE$585,000
EST. MARKET VALUE
$551,706
6% AboveMARKET VALUE
SUMMARY
This Spacious Single Family Residence represents a High-Potential Investment Opportunity, listed at $585,000—positioned above the $529,258 Fair Market Value by 10%. While priced at a premium, the property offers significant utility through its 1/4+ acre lot, NO HOA, and a Detached Garage/Shop with AC. With a Fair Condition Rating, the home provides a solid foundation for cosmetic updates. Its proximity to the Downtown Gilbert Heritage District and the Historic Water Tower view ensures long-term lifestyle appeal for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, hobby-friendly property.
Estimated Market Value
$551,706
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 |
|---|---|---|---|---|---|---|
★ 30 E PALO VERDE Street Subject | $585,000* List Price | 4 | 2 | 1,962 | $281 | - |
A 241 E AVENIDA SIERRA MADRE Sold | $440,000 | 5 | 2 | 1,618 | $272 | 0.2 mi |
B 649 E AVENIDA SIERRA MADRE -- Sold | $565,000 | 3 | 2 | 1,970 | $287 | 0.7 mi |
C 222 E SILVER CREEK Road Sold | $599,900 | 3 | 2 | 2,432 | $247 | 0.2 mi |
D 221 E APPALOOSA Court Pending | $634,800 List Price | 3 | 2 | 1,982 | $320 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1981, the property is well-maintained with significant system updates including a newer roof, windows, and a powered shop. However, the interior finishes, specifically the bathroom cabinetry and countertops, are dated (15-30 year style), placing it in the Fair category despite its functional, move-in ready status.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12545, living area = 1962.
- Prime Location & Lifestyle
Situated near the Downtown Gilbert Heritage District, this home offers a highly walkable lifestyle with proximity to award-winning dining, entertainment, and a view of the historic water tower.
- Versatile Lot & Detached Shop
The oversized 1/4+ acre lot features no HOA, RV storage capacity, and a detached garage/shop fully equipped with AC and electricity, providing exceptional value for hobbyists.
CONSRISKS & DEFICIENCIES
- Property Age
Built in 1981, the home may still require updates to original plumbing or electrical systems that were not mentioned in the recent major renovations.
- Moderate School Ratings
The assigned elementary and middle schools carry a rating of 4, which may be a consideration for families prioritizing top-tier academic performance in the Gilbert area.
About 30 E PALO VERDE Street
Located near the highly sought-after Downtown Gilbert Heritage District, this beautifully maintained 4-bedroom 2-bath home offers the perfect combination of comfort, convenience, and outdoor living. Just 2 MINUTES from Downtown Gilbert's award-winning restaurants, shopping, entertainment, parks, and community events; you'll love the walkable lifestyle this home offers! Home features major updates, including tile flooring, roof and windows, providing added value and peace of mind. The backyard is an entertainer's dream, featuring oversized patios, spa, on .29 acre lot with plenty of room to relax, host gatherings, and store RV or toys, **NO HOA**, and a perfect view of Gilbert's Historic Water Tower! BONUS Detached Garage/Shop fully equipped with AC and plenty of electric!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1981
- Lot Size
- 12,545 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Gilbert Unified Schools
Gilbert Elementary School
Grades PK-6 • 0.3 mi
4/10
Mesquite Jr High School
Grades 6-8 • 0.5 mi
4/10
Gilbert High School
Grades 8-12 • 1.2 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,962 | 2,210.986 |
| Lot Size | 12,545 | 7,346.256 |
| Price | $585.0K | $598.8K |
| Price per sq ft | $298 | $280 |
| Built year | 1981 | 2003 |
| HOA | $0 | $224 |
| Days on market | 43 | 71 |
Pricing History
Listed for Sale
Jul 28, 2026
$585,000
Initial Listing