340 E RAWHIDE Avenue, Gilbert, AZ 85296, Gilbert, 85296 - 4 bed, 2 bath
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340 E RAWHIDE Avenue
Gilbert, AZ 85296
ACTIVE
CONDITION: GOOD
4Beds
2Baths
1,868Sq Ft
7,113Lot Size
Property Price
LIST PRICE$499,000
EST. MARKET VALUE
$536,784
7% BelowMARKET VALUE
SUMMARY
This Turnkey Single-Family Residence is a Strong Value Opportunity, listed at $538,000—positioned well below the $560,024 Fair Market Value by 3%. This valuation gap offers $22,024 in Instant Equity for the buyer. Featuring a Good Condition Rating, the home includes a Remodeled Kitchen, Updated Bathrooms, and a Resurfaced Pool with Extended Patio. Located within walking distance to Downtown Gilbert, this property is an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in ready lifestyle.
Estimated Market Value
$536,784+$37,784 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Gilbert.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 340 E RAWHIDE Avenue Subject | $499,000* List Price | 4 | 2 | 1,868 | $287 | - |
A 260 S YALE Court Sold | $520,000 | 3 | 2 | 1,820 | $286 | 0.1 mi |
B 311 E LAREDO Avenue Sold | $455,000 | 3 | 2 | 1,576 | $289 | 0.1 mi |
C 407 E CENTURY Avenue Sold | $499,900 | 3 | 2 | 1,760 | $284 | 0.4 mi |
D 244 E HORSESHOE Avenue Sold | $641,000 | 3 | 2 | 1,956 | $328 | 0.2 mi |
E 372 E ARABIAN Drive Sold | $590,000 | 4 | 3 | 2,530 | $233 | 0.5 mi |
F 108 S MORNING RIDGE Drive Sold | $599,900 | 4 | 3 | 2,360 | $254 | 0.3 mi |
G 245 E SMOKE TREE Road Pending | $595,000 List Price | 4 | 2 | 2,179 | $273 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1997, this property falls into the 'Good' category due to significant updates that make it move-in ready. The kitchen and bathrooms have been remodeled with granite countertops and modern fixtures, and the exterior features a resurfaced pool and updated decking, indicating high maintenance standards despite the home's age.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Walkable Location
The property is situated within walking distance to Downtown Gilbert's Heritage District, offering immediate access to top-tier dining, entertainment, and seasonal community events.
- Turnkey Outdoor Living
The backyard is a standout feature with a recently resurfaced pool, updated Cool Deck, and an extended full-length covered patio, perfect for the Arizona lifestyle.
- Modern Interior Updates
With a remodeled kitchen and updated bathrooms, this move-in-ready home eliminates the immediate need for costly renovations, providing a contemporary feel throughout.
CONSRISKS & DEFICIENCIES
- Average School Ratings
The assigned public schools for this address currently hold ratings between 4 and 5, which may be a consideration for families prioritizing high-ranking academic districts.
- Aging Infrastructure Potential
Built in 1997, the home is approaching a 30-year lifecycle, which may necessitate future capital expenditures for major systems like the roof or HVAC that were not explicitly listed as replaced.
About 340 E RAWHIDE Avenue
Walk to Downtown Gilbert! Don't miss this beautifully updated 4-bedroom, 2-bath home offering 1868 sqft on a spacious lot in one of Gilbert's most desirable locations. Features include an updated kitchen, remodeled bathrooms, and a split primary suite with a walk-in closet and full bath. The backyard is designed for Arizona living with a resurfaced sparkling pool, updated Cool Deck and patio decking, and an extended full-length covered patio perfect for entertaining. Enjoy easy access to Downtown Gilbert's restaurants, shopping, nightlife, parks, and year-round events. Close to highly rated schools, major freeways, and everyday conveniences. Move-in ready with modern updates and an unbeatable Gilbert location!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1997
- Lot Size
- 7,113 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $700 / Month
Neighborhood Insights
Gilbert Unified Schools
Gilbert Elementary School
Grades PK-6 • 0.7 mi
4/10
Mesquite Jr High School
Grades 6-8 • 0.7 mi
4/10
Gilbert High School
Grades 8-12 • 0.9 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,868 | 2,210.986 |
| Lot Size | 7,113 | 7,346.256 |
| Price | $499.0K | $598.8K |
| Price per sq ft | $267 | $280 |
| Built year | 1997 | 2003 |
| HOA | $700 | $224 |
| Days on market | 35 | 71 |
Pricing History
Listed for Sale
Sep 7, 2026
$499,000
$510,000
-2% Price Drop
Initial Listing
Price Change
Sep 3, 2026
$510,000
$538,000
-5% Price Drop
Initial Listing
Price Change
Aug 5, 2026
$538,000
Initial Listing