3274 E ELGIN Street, Gilbert, AZ 85295, Gilbert, 85295 - 3 bed, 3 bath
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Gilbert, AZ 85295
This Spacious Traditional Home is a Strong Value Opportunity, listed at $510,000—positioned well below the $519,283 Fair Market Value by 1%. This valuation gap offers $9,283 in Instant Equity for buyers. The property maintains a Fair Condition Rating with recent interior refreshes, including new paint and fixtures. Featuring Solar Panels for energy efficiency and proximity to Top-Rated Schools like Williams Field High, it balances financial stability with lifestyle comfort. This is an ideal acquisition for Owner-Occupants or first-time buyers.
Spacious 3-bed Gilbert home with solar panels and recent updates. Listed at $510,000 with instant equity. Near top-rated schools. Perfect for first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3274 E ELGIN Street Subject | $510,000* List Price | 3 | 3 | 2,219 | $234 | - |
A 3431 E FAIRVIEW Street Sold | $555,000 | 3 | 2 | 1,862 | $298 | 0.3 mi |
B 3622 E BRIDGEPORT Parkway Sold | $558,000 | 4 | 3 | 2,412 | $231 | 0.5 mi |
C 3431 E FAIRVIEW Street Sold | $555,000 | 3 | 2 | 1,862 | $298 | 0.3 mi |
D 2864 E PONY Court Sold | $515,000 | 4 | 2 | 1,840 | $280 | 0.8 mi |
E 2706 S CUPERTINO Drive Sold | $545,000 | 3 | 3 | 2,625 | $208 | 0.6 mi |
F 3471 E FAIRVIEW Street Pending | $549,900 List Price | 3 | 2 | 2,212 | $249 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2004 (22 years old), the property falls into the 'Fair' category based on age. While it has been refreshed with new interior paint, flooring, and fixtures, the kitchen and bathrooms remain largely dated with original cabinetry and countertops that reflect the home's 20+ year age.
The floor plan offers exceptional flexibility with a living room, family room, downstairs den, and an upstairs loft, providing ample space for a home office, gym, or multiple entertainment areas.
The inclusion of solar panels with a low fixed monthly lease of $65 provides significant utility savings, a major advantage for managing cooling costs in the Arizona climate.
The home is move-in ready featuring new interior paint, updated lighting fixtures, and new faucets, complemented by a primary suite with a custom walk-in closet and garden tub.
The solar panels are on a lease with seven years remaining, which requires the buyer to qualify for and assume the monthly payment, potentially complicating the financing process for some.
At 2,219 square feet, the home only offers three bedrooms; buyers looking for higher density sleeping quarters might find the layout less efficient than other four-bedroom models in the area.
Welcome to your new home with plenty of room to entertain. With a living room, family room, and den downstairs, there is a room for everyone's activities. The large kitchen has stainless steel appliances, pantry, and an island. There are 3 bedrooms upstairs, as well as a loft. The primary bedroom has a large walk in custom closet, dual sinks, separate vanity and garden tub. The home has been refreshed with new interior paint and several new lighting fixtures, and faucets. The well kept yard has grass in the front, synthetic grass in the back with mature shade and fruit trees. Solar panels lower the electric bills and are on a fixed payment of $65 per month with a lease ending in 7 years.
No exterior & parking available.
Grades K-8 • 0.2 mi
Grades 7-8 • 2.4 mi
Grades 9-12 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,219 | 2,116 | 54% |
| Lot Size | 6,600 | 7,700 | 36% |
| Price | $510.0K | $0 | 71% |
| Price per sq ft | $230 | $0 | 60% |
| Built year | 2004 | 2003 | 55% |
| HOA | $85 | $122 | 36% |
| Days on market | 27 | 2804 | 1% |
May 10, 2026
$510,000
Initial Listing