3247 S LOBACK Lane, Gilbert, AZ 85297, Gilbert, 85297 - 4 bed, 2 bath
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Gilbert, AZ 85297
This Highly Updated Single-Family Residence is a Strong Value Opportunity, listed at $560,000—positioned well below the $594,605 Fair Market Value by 5%. This valuation gap provides $34,605 in Instant Equity. Boasting a Mint Condition Rating, the home features a new roof (2026), remodeled granite kitchen, and a private pool with mountain views. Located within walking distance to 9/10 rated Higley High School, it balances lifestyle luxury with financial upside. This is an elite acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3247 S LOBACK Lane Subject | $560,000* List Price | 4 | 2 | 1,850 | $321 | - |
A 3942 S MANDARIN Way Sold | $520,000 | 4 | 3 | 2,006 | $259 | 0.9 mi |
B 3352 E WILDHORSE Drive Sold | $425,700 | 4 | 2 | 1,861 | $229 | 0.8 mi |
C 3353 E WILDHORSE Drive Sold | $537,000 | 4 | 2 | 1,595 | $337 | 0.8 mi |
D 3602 S LOBACK Lane Sold | $465,000 | 4 | 2 | 1,656 | $281 | 0.5 mi |
E 3602 S LOBACK Lane Sold | $465,000 | 4 | 2 | 1,656 | $281 | 0.5 mi |
F 3879 E DERRINGER Way Sold | $475,000 | 3 | 2 | 1,544 | $308 | 0.1 mi |
G 3669 E DERRINGER Way Active | $494,000 List Price | 4 | 2 | 1,656 | $298 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 2002, the property underwent extensive renovations between 2023 and 2026. Key updates include a new roof (2026), updated HVAC, remodeled kitchen with granite and stainless appliances, and fully renovated bathrooms. With major systems, exterior paint, and interior finishes updated within the last 5 years, it meets the criteria for mint condition.
Middle School: Sossaman Middle School (9/10). High School: Higley High School (9/10).
The property features significant high-ticket updates including a new roof (2026), fresh exterior paint (2026), updated A/C, and a repaved driveway (2023), ensuring low immediate maintenance costs for the buyer.
The home is situated on a desirable lot with no neighbors directly behind, offering enhanced privacy and scenic mountain views, complemented by a fenced play pool and new turf.
With four bedrooms configured within 1,850 square feet, individual room dimensions and common living areas may feel constrained compared to larger floor plans in the same price bracket.
Despite extensive cosmetic and system updates, the home's original 2002 construction may lack the ultra-modern open-concept flow or ceiling heights found in newer Gilbert developments.
This is it! Highly Updated 4 Bedroom Home in one of Gilbert's Top Rated Communities. Updated Kitchen with Granite Counters * Smooth Top Range * Painted Cabinets * Custom Backsplash * Island * Stainless Steel Appliance * Microwave * Tiled Floors * R/O System. New Roof * Fresh Exterior Paint * Back Yard Turf Installed, all in 2026! Low E Windows * Updated A/C * Driveway was Repaved 2023. This Home is Well Maintained and is MOVE in READY! Spacious Primary Bedroom with Remodeled Bathroom Granite Counters * Custom Walk-in Tiled Shower * Chair Rail Molding. Hall Bathroom has been Updated. Large Yard with No Homes Behind you * Wonderful Play Pool * Variable Speed Pump * Fenced Pool * Garage includes Epoxy Floor 2026 * Cabinets * Water Softener * Insulated Water Heater * Pedestrian Door * RV Gate
No exterior & parking available.
Grades PK-6 • 0.7 mi
Grades 7-8 • 2.7 mi
Grades 9-12 • 0.2 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 | 35% |
| Square foot | 1,850 | 2,393 | 24% |
| Lot Size | 6,600 | 7,700 | 32% |
| Price | $560.0K | $450.0K | 64% |
| Price per sq ft | $303 | $215 | 86% |
| Built year | 2002 | 2004 | 37% |
| HOA | $51 | $200 | 16% |
| Days on market | 8 | 2392 | 1% |
Apr 14, 2026
$560,000
Initial Listing