3320 E MERLOT Street, Gilbert, AZ 85298, Gilbert, 85298 - 5 bed, 3 bath
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Gilbert, AZ 85298
This Spacious Multi-Generational Residence is a High-Potential Investment Opportunity, listed at $570,000—positioned well below the $641,696 Fair Market Value by 11%. This valuation gap secures $71,696 in Instant Equity for the buyer. Maintaining a Good Condition Rating, the home features a granite kitchen, a rare downstairs guest wing, and a renovated backyard oasis with mountain views. Located in the prestigious Seville Golf & Country Club near 8/10 rated schools, it perfectly balances luxury lifestyle with financial upside. This is an elite find for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3320 E MERLOT Street Subject | $549,500* List Price | 5 | 3 | 2,529 | $217 | - |
A 3700 E VALLEJO Drive Sold | $600,000 | 4 | 3 | 2,410 | $249 | 0.5 mi |
B 3428 E RAVENSWOOD Drive Sold | $589,000 | 4 | 3 | 2,096 | $281 | 0.1 mi |
C 3428 E RAVENSWOOD Drive Sold | $589,000 | 4 | 3 | 2,096 | $281 | 0.1 mi |
D 2970 E ANDRE Avenue Sold | $470,000 | 4 | 2 | 2,171 | $216 | 0.4 mi |
E 3478 E FLOWER Street Sold | $525,000 List Price | 4 | 3 | 2,356 | 0.9 mi | |
F 3328 E MERLOT Street Active | $570,000 List Price | 5 | 3 | 2,529 | $225 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2005, this property is in well-maintained, move-in-ready condition. The kitchen features desirable granite countertops and updated stainless steel appliances, while the primary bathroom includes a separate soaking tub and shower. The home shows minimal wear with durable tile flooring and neutral paint throughout. While some finishes like the cabinetry and light fixtures appear original to the 19-year-old build, the recent extensive renovation of the backyard and the overall cleanliness of the interior justify a 'good' rating.
The rare floor plan includes a downstairs bedroom and full bathroom, making it ideal for multi-generational living, guests, or a dedicated home office.
Located in the prestigious Seville Golf & Country Club, residents enjoy access to a championship golf course, resort-style pools, tennis, and pickleball courts.
The backyard has been fully renovated with pavers, an irrigation system, and misters, providing a comfortable and low-maintenance space optimized for the Arizona climate.
The $618 association fee represents a significant recurring expense that may impact the overall monthly carrying costs for potential buyers.
Built in 2005, the home may require cosmetic modernizations to the original finishes and neutral interiors to align with current luxury market trends.
Welcome to your private oasis in the highly coveted Seville Golf & Country Club community! Nestled within the award-winning Chandler Unified School District, this spectacular 5-bedroom, 3-bathroom residence perfectly blends casual elegance with a resort-style lifestyle. Step inside to an open-concept layout bathed in natural light, featuring a chef-inspired kitchen complete with premium granite countertops, sleek cabinetry, and an expansive island perfect for entertaining. The versatile floor plan offers the ultimate flexibility, featuring a main-floor bedroom and full bath--ideal for guests, a home office, or multi-generational living. The real showstopper is your upgraded backyard sanctuary. Designed for effortless Arizona outdoor living, this private retreat is perfect for weekend BBQs, stargazing, or simply unwinding after a long day. Enjoy all the world-class amenities Seville has to offer, from championship golf and walking trails to club activities. Welcome home!
No exterior & parking available.
Grades PK-6 • 0.4 mi
Grades PK-6 • 1.4 mi
Grades 7-8 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,529 | - |
| Lot Size | 6,050 | - |
| Price | $549.5K | $554.5K |
| Price per sq ft | $217 | $287 |
| Built year | 2005 | 0 |
| HOA | $618 | $0 |
| Days on market | 128 | 2717 |
Jul 15, 2026
$549,500
$564,500
-3% Price Drop
Initial Listing
Jun 15, 2026
$564,500
$569,500
-1% Price Drop
Initial Listing
Apr 30, 2026
$569,500
$570,000
+0% Price Increase
Initial Listing
Mar 17, 2026
$570,000
Initial Listing