3448 E MERRILL Avenue, Gilbert, AZ 85234, Gilbert, 85234 - 5 bed, 3 bath
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Gilbert, AZ 85234
This Spacious Renovated Residence is a High-Potential Investment Opportunity with a List Price of $649,900—positioned well below the $789,627 Fair Market Value by 17%. This valuation gap provides $139,727 in Instant Equity. Boasting a Condition Rating of 2, the home features a Gourmet Kitchen, Covered Patio, and expansive 3,513 SqFt Layout. Located steps from top-rated Carol Rae Ranch Elementary, it balances luxury living with significant financial upside. This is an elite acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3448 E MERRILL Avenue Subject | $649,900* List Price | 5 | 3 | 3,513 | $225 | - |
A 3535 E TERRACE Avenue Sold | $580,000 | 4 | 3 | 2,623 | $221 | 0.3 mi |
B 2970 E SANTA ROSA Drive Sold | $589,000 List Price | 5 | 3 | 3,390 | 0.6 mi | |
C 3533 E HARWELL Road Sold | $570,000 | 4 | 3 | 2,623 | $217 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 2011, the property has undergone extensive recent renovations that meet modern standards. The gourmet kitchen features high-end custom cabinetry, premium stone countertops, and stainless steel double wall ovens. The interior is further enhanced by updated laminate flooring, designer paint, and well-maintained plush carpeting, presenting the home in move-in ready condition with no deferred maintenance.
Boasting over 3,500 square feet with 5 bedrooms plus a loft, this home provides an expansive floor plan that easily accommodates large families or multi-generational living needs.
The kitchen is a chef's highlight, featuring premium custom cabinetry, double wall ovens, and a large center island that serves as a functional focal point for entertaining.
Situated in the desirable Cameron Ranch community, the property is less than half a mile from the highly-rated Carol Rae Ranch Elementary, offering significant appeal for families.
The backyard is currently a blank canvas, meaning buyers will need to budget additional time and capital to landscape or install a pool to complete the outdoor living experience.
A 6,600 square foot lot is relatively small for a home exceeding 3,500 square feet, which may limit the amount of usable yard space for those seeking a larger private estate feel.
Don't miss this stunning 5 bedroom + loft home in Gilbert's desirable Cameron Ranch community! The flowing floor plan features designer paint, gorgeous laminate flooring, and plush carpet in all the right places. The living area includes a built-in entertainment center with plenty of shelving for décor and collectibles. The open gourmet kitchen offers custom cabinetry, double wall ovens, a center island with breakfast bar, and a large pantry. Upstairs, the spacious primary suite includes a sitting area, dual walk-in closets with barn doors, and a spa-like bath. Relax under the covered patio overlooking the generous backyard with room to create your ideal outdoor living space.
No exterior & parking available.
Grades PK-6 • 0.4 mi
Grades 7-8 • 2.1 mi
Grades 8-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 84% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,513 | 2,074 | 92% |
| Lot Size | 6,600 | 6,913 | 40% |
| Price | $649.9K | $479.0K | 86% |
| Price per sq ft | $185 | $256 | 36% |
| Built year | 2011 | 1994 | 99% |
| HOA | $75 | $75 | 50% |
| Days on market | 41 | 2339 | 1% |
Mar 12, 2026
$649,900
Initial Listing