3242 E BONANZA Road, Gilbert, AZ 85297, Gilbert, 85297 - 4 bed, 2 bath
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Gilbert, AZ 85297
This Turnkey Single-Family Residence is listed at $485,000, representing a stable acquisition near its $443,346 Fair Market Value. Boasting a Condition Rating of 3, the home features a brand-new HVAC system, a refreshed kitchen with stainless steel appliances, and modern vinyl flooring. The property is exceptionally positioned for education, zoned for Top-Rated Schools including Higley High (9/10) and Sossaman Middle (9/10). With a low-maintenance backyard featuring artificial pet turf and a private patio, this home offers a seamless lifestyle transition. It is the perfect fit for a growing family or first-time buyers seeking a move-in-ready sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3242 E BONANZA Road Subject | $465,000* List Price | 4 | 2 | 1,525 | $286 | - |
A 3352 E WILDHORSE Drive Sold | $425,700 | 4 | 2 | 1,861 | $229 | 0.1 mi |
B 3353 E WILDHORSE Drive Sold | $537,000 | 4 | 2 | 1,595 | $337 | 0.1 mi |
C 3602 S LOBACK Lane Sold | $465,000 | 4 | 2 | 1,656 | $281 | 0.7 mi |
D 3602 S LOBACK Lane Sold | $465,000 | 4 | 2 | 1,656 | $281 | 0.7 mi |
E 3649 S LOBACK Lane Sold | $450,000 List Price | 3 | 2 | 1,540 | 0.7 mi | |
F 3306 E BONANZA Road Sold | $472,000 | 3 | 2 | 1,595 | $296 | 0.1 mi |
G 3669 E DERRINGER Way Active | $487,500 List Price | 4 | 2 | 1,656 | $294 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained, featuring a brand-new HVAC system and recent cosmetic updates. The kitchen has been refreshed with painted cabinetry and stainless steel appliances, and the flooring consists of modern vinyl and tile. While some finishes like the laminate countertops and basic bathroom fixtures reflect its 2001 build, the overall condition is high with no immediate repairs needed.
Middle School: Sossaman Middle School (9/10). High School: Higley High School (9/10).
The property features a brand-new HVAC system, providing immediate value and peace of mind regarding one of the most significant maintenance costs in the Arizona climate.
Located in a top-tier district with school ratings of 8 and 9, the home is exceptionally well-positioned just 0.25 miles from San Tan Elementary School.
While the cabinets are freshly painted, the use of laminate countertops may be perceived as a drawback for buyers expecting stone surfaces at this price point.
With 1,525 square feet configured as a 4-bedroom home, individual room sizes may feel constrained compared to other single-family residences in the subdivision.
NEW HVAC! Charming 1-story home in the heart of Gilbert offering 3 bedrooms and 2 bathrooms, perfect starter home or investment property. The kitchen features freshly painted cabinets, durable laminate countertops, and sleek stainless steel appliances, providing both style and functionality. Enjoy a mix of vinyl and tile flooring throughout for easy maintenance. Split master and very thoughtful floor plan maximizing space throughout. Low maintenance backyard with ample shade from mature trees, artificial pet turf, sun shade, and built in planters.
No exterior & parking available.
Grades PK-6 • 0.3 mi
Grades 7-8 • 3.1 mi
Grades 9-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 36% |
| Square foot | 1,525 | 2,322.5 | 9% |
| Lot Size | 6,487 | 7,523.5 | 32% |
| Price | $465.0K | $0 | 63% |
| Price per sq ft | $305 | $0 | 87% |
| Built year | 2001 | 2004 | 22% |
| HOA | $154 | $180 | 42% |
| Days on market | 58 | 2613 | 1% |
May 28, 2026
$465,000
$469,000
-1% Price Drop
Initial Listing
May 10, 2026
$469,000
$479,900
-2% Price Drop
Initial Listing
May 3, 2026
$479,900
$485,000
-1% Price Drop
Initial Listing
Apr 11, 2026
$485,000
Initial Listing