3164 E Tonto Drive, Gilbert, AZ 85298, Gilbert, 85298 - 6 bed, 5 bath
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Gilbert, AZ 85298
This Expansive Multi-Generational Estate is a High-Potential Investment Opportunity, listed at $854,900—positioned well below the $1,025,345 Fair Market Value by 16%. This valuation gap provides $170,445 in Instant Equity. Boasting a Condition Rating of 3, the home features a rare 550 sq. ft. attached casita, owned solar panels, and a resort-style diving pool. Located near the 9/10 rated Chandler Traditional Academy-Freedom, it offers significant lifestyle and financial upside. This is an ideal acquisition for Owner-Occupants seeking a house-hack or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3164 E Tonto Drive Subject | $840,000* List Price | 6 | 5 | 4,115 | $208 | - |
A 3300 E ANIKA Drive Sold | $875,000 | 4 | 5 | 4,120 | $212 | 0.3 mi |
B 2502 E PLUM Street Sold | $855,000 | 5 | 4 | 3,969 | $215 | 0.9 mi |
C 2502 E PLUM Street Sold | $855,000 | 5 | 4 | 3,969 | $215 | 0.9 mi |
D 3405 E FLOWER Street Sold | $689,000 | 5 | 3 | 2,880 | $239 | 0.7 mi |
E 3260 E MEAD Drive Active Under Contract | $699,000 List Price | 4 | 5 | 4,120 | $170 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006, this property is well-maintained and move-in ready, fitting the 10-20 year age criteria for a 'good' rating. The interior features significant cosmetic updates, including modern wide-plank flooring and a refreshed kitchen with white cabinetry, granite countertops, and stainless steel appliances. While some bathrooms retain original 2006 elements like oak-finish cabinetry and Hollywood-style lighting, the overall condition is excellent with high-value additions such as owned solar panels and a separate casita.
Elementary School: Chandler Traditional Academy-Freedom (9/10).
The property includes a rare 550 sq. ft. attached casita, providing an ideal solution for guest quarters, a home office, or multi-generational living arrangements.
The home features fully owned solar panels, offering substantial utility cost savings and environmental benefits, which is a significant value-add in the Arizona market.
The primary bedroom retreat is located upstairs, which may be a deterrent for buyers prioritizing long-term accessibility or a main-floor master layout.
Given the 2006 build date, original major systems and cosmetic finishes may be nearing the end of their typical lifespan, potentially requiring near-term capital investment.
Are you looking for multi-generation living or maybe separate guest quarters? If so, then this is the home for you as it comes with an est. 550 sq. ft. attached casita. As you enter the courtyard, you will fall in love with the oasis that this home provides. From the moment you enter the home, you will notice how light and bright it is including a gorgeous kitchen that features a gas stove, large island, plenty of extra storage, not one but two dishwashers and granite countertops. Head upstairs to the primary bedroom retreat, complete with its own huge sitting area, walk-in-closet, and jetted tub for pure relaxation. Whether you're relaxing in the courtyard or in the diving pool, you'll be able to enjoy the glorious outdoor lifestyle that comes with living in AZ. Solar is owned!
No exterior & parking available.
Grades PK-6 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 95% |
| Baths | 5.0 | 3.0 | 95% |
| Square foot | 4,115 | 2,351 | 93% |
| Lot Size | 10,000 | 8,347.5 | 72% |
| Price | $840.0K | $519.5K | 84% |
| Price per sq ft | $204 | $259 | 41% |
| Built year | 2006 | 2006 | 50% |
| HOA | $239 | $255 | 48% |
| Days on market | 25 | 2499 | 1% |
Apr 19, 2026
$840,000
$849,900
-1% Price Drop
Initial Listing
Apr 16, 2026
$849,900
$854,900
-1% Price Drop
Initial Listing
Mar 28, 2026
$854,900
Initial Listing