3161 E LEXINGTON Avenue E, Gilbert, AZ 85234, Gilbert, 85234 - 3 bed, 2 bath
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Gilbert, AZ 85234
This Immaculate Single-Family Residence in Higley Groves represents a Strong Value Opportunity, listed at $699,000—positioned slightly above the $690,204 Fair Market Value. While not a deep discount, the property offers exceptional stability in a high-demand area. Featuring a Resort-Style Backyard with a Pebble Tec pool and a versatile split floor plan, the home maintains a Good Condition Rating. With its large 10,200 sq. ft. lot and meticulous upkeep, this property is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors seeking a turnkey asset in Gilbert.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3161 E LEXINGTON Avenue E Subject | $699,000* List Price | 3 | 2 | 2,105 | $328 | - |
A 3315 E Ford Avenue Sold | $580,000 | 4 | 2 | 1,824 | $318 | 0.9 mi |
B 3157 E PARK Avenue Pending | $759,900 List Price | 4 | 2 | 2,265 | $335 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2002 (24 years old), the property is meticulously maintained and move-in ready. While the kitchen cabinetry and countertops appear original and dated, the bathrooms have undergone significant modern renovations with updated tile work, and the kitchen features newer stainless steel appliances. The overall condition and partial updates align with the 'Good' criteria for well-maintained homes with 5-15 year old renovations.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10200, living area = 2105.
The property features an exceptional outdoor entertaining space with a Pebble Tec pool, built-in BBQ, gas fireplace, and pergola, perfect for the Arizona lifestyle.
The 2,105 sq. ft. open-concept layout includes a split floor plan and a dedicated office/den, offering both privacy and functional space for remote work.
Built in 2002, the home may require upcoming investments in major components such as the roof or HVAC systems if they are original to the house.
At a $699,000 price point, the three-bedroom configuration may be a constraint for buyers specifically seeking four or more dedicated bedrooms.
Nestled in the highly sought-after Higley Groves community, this immaculate and meticulously maintained home offers the perfect blend of comfort, functionality, and outdoor living. Featuring an open-concept floor plan with a spacious great room, this home is ideal for both everyday living and entertaining. The kitchen is equipped with stainless steel appliances, a center island, and picturesque backyard views. A desirable split floor plan offers 3 bedrooms plus an office/den and 2 bathrooms. The spacious primary suite features private backyard access, a large walk-in closet, dual sinks, and an oversized tiled shower. Step outside to your resort-style backyard retreat complete with a sparkling Pebble Tec pool, extended covered patio, pergola, outdoor gas fireplace, and built-in BBQ wi bar-top seating -- perfect for Arizona entertaining year-round. Additional upgrades include an RV gate, garage cabinetry, storage shed, gutters, outlets in the eaves for holiday lighting, water softener, and crown molding throughout.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 47% |
| Baths | 2.0 | 3.0 | 49% |
| Square foot | 2,105 | 2,075.5 | 52% |
| Lot Size | 10,200 | 6,839 | 85% |
| Price | $699.0K | $454.8K | 92% |
| Price per sq ft | $332 | $241 | 86% |
| Built year | 2002 | 1994 | 81% |
| HOA | $156 | $82 | 79% |
| Days on market | 14 | 2539 | 1% |
May 23, 2026
$699,000
Initial Listing
Apr 1, 2002
$196,986
Public Record