311 E LAREDO Avenue, Gilbert, AZ 85296, Gilbert, 85296 - 3 bed, 2 bath
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Gilbert, AZ 85296
This Well-Maintained Single-Family Residence is a High-Potential Investment Opportunity, listed at $500,000—positioned well below the $600,230 Fair Market Value by 16%. This significant valuation gap offers $100,230 in Instant Equity. The home holds a Fair Condition Rating, featuring functional updates like wood-look flooring and stainless appliances alongside original oak cabinetry. Located in the sought-after Farmhouse Meadows near downtown Gilbert, the property includes a private patio and open-concept living. It is an ideal match for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 311 E LAREDO Avenue Subject | $500,000* List Price | 3 | 2 | 1,576 | $381 | - |
A 309 E MESQUITE Street Sold | $460,000 | 3 | 2 | 1,581 | $291 | 0.1 mi |
B 960 E SARATOGA Street Sold | $465,000 List Price | 4 | 2 | 1,656 | 0.9 mi | |
C 590 E KYLE Drive Sold | $445,000 | 3 | 2 | 1,283 | $347 | 0.9 mi |
D 53 E HORSESHOE Avenue Sold | $585,000 | 3 | 2 | 1,638 | $357 | 0.4 mi |
E 1083 S COTTONWOOD Court Sold | $460,000 | 3 | 2 | 1,340 | $343 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1997, this property is well-maintained but shows its age through original oak cabinetry and dated kitchen/bathroom aesthetics. While it features positive updates such as modern wood-look flooring and stainless steel appliances, it has not undergone an extensive renovation. It fits the 'fair' criteria as a home over 20 years old that is functional and move-in ready but remains stylistically outdated.
Situated in the sought-after Farmhouse Meadows community in Gilbert, this property offers a prime location known for its suburban comfort and high demand.
The home features a bright, open-concept floor plan that maximizes the living space, creating an inviting atmosphere ideal for both daily living and entertaining.
Described as beautifully maintained, this property offers peace of mind for buyers looking for a move-in-ready home with a spacious kitchen and private primary retreat.
The assigned public schools carry ratings between 4 and 5, which may be a drawback for families specifically seeking top-tier educational districts.
Built in 1997, the property is approaching a 30-year milestone, potentially requiring upcoming capital investments in major systems like the roof or HVAC if not recently updated.
Beautifully maintained home in the sought after community of Gilbert. Offering comfort and convenience. This open-concept floor plan features a bright living area, spacious kitchen with ample cabinetry and counter space, and generously sized bedrooms. The primary suite provides a private retreat with dual sinks and a soak tub. Don't miss this opportunity!
No exterior & parking available.
Grades PK-6 • 0.8 mi
Grades 6-8 • 0.7 mi
Grades 8-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 48% |
| Baths | 2.0 | 3.0 | 43% |
| Square foot | 1,576 | 2,089 | 16% |
| Lot Size | 6,608 | 6,743 | 48% |
| Price | $500.0K | $445.0K | 62% |
| Price per sq ft | $317 | $232 | 86% |
| Built year | 1997 | 2001 | 34% |
| HOA | $700 | $140 | 98% |
| Days on market | 38 | 2528 | 1% |
Mar 16, 2026
$500,000
Initial Listing