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 | $570,000* List Price | 5 | 3 | 2,529 | $254 | - |
A 3428 E RAVENSWOOD Drive Sold | $589,000 | 4 | 3 | 2,096 | $281 | 0.1 mi |
B 3428 E RAVENSWOOD Drive Sold | $589,000 | 4 | 3 | 2,096 | $281 | 0.1 mi |
C 3692 E MORNING STAR Lane Sold | $600,000 | 3 | 3 | 2,380 | $252 | 0.9 mi |
D 3405 E FLOWER Street Sold | $689,000 | 5 | 3 | 2,880 | $239 | 0.9 mi |
E 3405 E FLOWER Street Sold | $689,000 | 5 | 3 | 2,780 | $248 | 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.
Rare 5-Bedroom Opportunity in the Heart of Seville! Experience the pinnacle of Gilbert living in this expansive 5-bedroom, 3-bathroom residence located within the prestigious Seville Golf & Country Club. Offering a versatile 2,529 square feet, this home perfectly balances luxury and high-capacity functional design. Interior Highlights - Five True Bedrooms: Rare floor plan featuring a spacious downstairs 5th bedroom with a closet, located directly adjacent to a full bathroom--ideal for guests, multi-generational living, or a quiet executive office. Gourmet Entertaining: The open-concept kitchen serves as the home's centerpiece, boasting granite countertops, an island with breakfast bar seating, and a pantry. Master Retreat: The primary suite is a true sanctuary with double vanities, a separate soaking tub, a walk-in shower, and a large walk-in closet. Modern Living: Bright, airy interiors with a mix of durable tile and neutral tones, ready for a personalized touch. Outdoor & Community Lifestyle - Backyard Oasis: Enjoy the Arizona sunshine on the oversized covered patio. Completely renovated to include pavers, lush heat-tolerant plants, an irrigation system, misters, and so much more. The generous yard offers a private play area with North/South exposure for maximum comfort. Infrastructure: Energy-efficient dual-pane windows and a spacious 2-car garage with extra storage potential and a separate exit to the backyard. Seville Amenities: Live like you're on vacation with access to a championship golf course, resort-style pools, tennis and pickleball courts, and miles of scenic walking paths. Premier Location - Nestled in the award-winning Chandler Unified School District (Riggs Elementary and Casteel High School), this property offers a top-tier lifestyle in one of Gilbert's most desirable zip codes.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 82% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,529 | 2,351 | 59% |
| Lot Size | 6,050 | 8,170 | 17% |
| Price | $570.0K | $519.5K | 56% |
| Price per sq ft | $225 | $259 | 44% |
| Built year | 2005 | 2006 | 45% |
| HOA | $618 | $258 | 83% |
| Days on market | 36 | 2499 | 1% |
Mar 17, 2026
$570,000
Initial Listing