338 N HERITAGE Drive, Gilbert, AZ 85234, Gilbert, 85234 - 3 bed, 2 bath
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Gilbert, AZ 85234
This Updated Gilbert Townhouse represents a strategic acquisition listed at $410,000, positioned below the $412,777 Fair Market Value by 1%. This valuation offers $2,777 in Instant Equity for a property with a Good Condition Rating. Key upgrades include a Modernized Kitchen and a Brand-New HVAC System, ensuring immediate functionality. Located steps from Freestone Park and zoned for the high-performing Sonoma Ranch Elementary, the property also permits Short-Term Rentals, maximizing its utility. This is an ideal match for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 338 N HERITAGE Drive Subject | $410,000* List Price | 3 | 2 | 1,360 | $304 | - |
A 71 N CONCORD Street Sold | $395,000 List Price | 2 | 2 | 1,171 | 0.4 mi | |
B 850 E VAUGHN Avenue Sold | $464,900 List Price | 3 | 2 | 1,397 | 0.1 mi | |
C 908 E VAUGHN Avenue Sold | $410,000 | 3 | 2 | 1,355 | $303 | 0.1 mi |
D 830 E BRUCE Avenue Active | $465,000 List Price | 3 | 2 | 1,347 | $345 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has been well-maintained with significant updates. Key improvements include a brand-new HVAC system and a modernized kitchen featuring white shaker-style cabinetry and updated countertops. The bathrooms have also been refreshed with modern vanities, stone counters, and updated lighting fixtures. While the structure dates to 1987, these essential interior and mechanical upgrades, combined with the overall clean condition shown in images, meet the criteria for a 'good' rating.
The property is perfectly positioned steps from the community pool and Freestone Park, offering residents immediate access to lakes, sports courts, and walking trails.
A brand-new HVAC system provides significant peace of mind and efficiency, while the updated kitchen offers modern finishes and a functional layout.
The HOA's acceptance of short-term rentals is a rare and valuable feature in this area, making it an attractive option for both owner-occupants and investors.
Built in 1987, the home may have aging infrastructure or original components that require ongoing maintenance beyond the recent HVAC and kitchen updates.
While the elementary school is highly rated (8/10), the assigned high school has a lower rating of 5/10, which may be a concern for families with older children.
Welcome to 338 N Heritage, perfectly positioned in one of Gilbert's most convenient locations--just steps from the community pool and moments from Freestone Park's lakes, sports courts, playgrounds, and walking paths. This beautifully maintained home features an updated kitchen with modern finishes, stylish cabinetry, and a layout ideal for both daily living and entertaining. A brand-new HVAC system provides year-round comfort and added peace of mind. Enjoy being close to Downtown Gilbert's dining and shopping while tucked into a neighborhood that offers recreation right outside your door. This is easy, active Gilbert living at its best. Short-term rentals accepted by HOA.
No exterior & parking available.
Grades PK-6 • 1.3 mi
Grades 7-8 • 2.1 mi
Grades 8-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.5 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,360 | 1,265.5 | 63% |
| Lot Size | 3,781 | 3,789.5 | 50% |
| Price | $410.0K | $152.5K | 75% |
| Price per sq ft | $301 | $151 | 50% |
| Built year | 1987 | 1987 | 50% |
| HOA | $83 | $96 | 50% |
| Days on market | 63 | 1427 | 13% |
Feb 18, 2026
$410,000
Initial Listing