3494 E SPRING WHEAT Lane, Gilbert, AZ 85296, Gilbert, 85296 - 5 bed, 5 bath
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Gilbert, AZ 85296
This Pristine Turnkey Residence is a Prime Investment Opportunity listed at $965,000—positioned well below the $1,001,054 Fair Market Value by 3%. This valuation gap offers $36,054 in Instant Equity for a home in Like-New Condition. Featuring a Modern Chef’s Kitchen with quartz counters and a Private Backyard Oasis with a sparkling pool, the property is located in the sought-after Morrison Ranch community. Boasting access to Top-Rated Schools like Greenfield Elementary (9/10), it is ideal for Growing Families or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3494 E SPRING WHEAT Lane Subject | $949,000* List Price | 5 | 5 | 3,156 | $305 | - |
A 3828 E PINTO Drive Sold | $875,000 List Price | 5 | 5 | 3,159 | 0.4 mi | |
B 3162 E BLOOMFIELD Parkway Sold | $870,000 | 4 | 3 | 3,051 | $285 | 0.5 mi |
C 3162 E BLOOMFIELD Parkway Sold | $870,000 | 4 | 3 | 2,899 | $300 | 0.5 mi |
D 3485 E SILO Drive Sold | $867,000 | 5 | 3 | 2,563 | $338 | 0.4 mi |
E 4092 E Appaloosa Road Sold | $670,000 List Price | 5 | 3 | 1,951 | 0.8 mi | |
F 3040 E BLOOMFIELD Parkway Pending | $900,000 List Price | 4 | 3 | 2,872 | $313 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2020, this property is less than 10 years old and presents in like-new condition. The interior features high-end modern finishes, including a chef's kitchen with quartz countertops, stainless steel appliances, a gas cooktop, and wood-look tile flooring. The bathrooms and living areas show contemporary styling with no signs of wear or deferred maintenance, and the exterior includes a recently installed pool and professional landscaping.
Elementary School: Greenfield Elementary School (9/10).
The kitchen is a standout feature with high-end stainless steel appliances, a gas cooktop, quartz countertops, and a large prep island, perfect for culinary enthusiasts and entertaining.
The property features a 6-foot deep sparkling pool and a covered patio with multi-sliding glass doors, creating a seamless indoor-outdoor living experience ideal for the Arizona climate.
With a lot size of approximately 5,998 square feet for a large 3,156 square foot home, the outdoor space may feel constrained once the pool and patio areas are accounted for.
The $429 association fee represents a significant recurring carrying cost that may impact overall affordability for some buyers compared to other neighborhoods.
This pristine 5-bed | 4.5 Bath home is truly a dream come true! Inviting hallway leads to the impressive open floor plan, highlighted by wood-look tile flooring, bountiful natural light, neutral tone, & multi-sliding glass doors leading you to your private backyard oasis! Gorgeous kitchen is a chefs delight, fully equipped w/SS appliances, gas cooktop, recessed/pendant lighting, mosaic tile backsplash, ample cabinetry w/crown moulding, a walk-in pantry, quartz counters, & a prep island w/a breakfast bar. Romantic main retreat boasts plush carpet, an ensuite w/a make-up desk, & a walk-in closet. Enjoy the versatility of a sizable den & loft, ideal for a TV/Gaming area or reading nook. Unwind under the covered patio or take a dip in the 6' deep sparkling pool, excellent for warm summer days & year-round entertaining. Top rated schools, close to shopping/dining/entertainment! Don't Miss Out!
No exterior & parking available.
Grades PK-6 • 1.3 mi
Grades PK-6 • 1.5 mi
Grades PK-6 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 84% |
| Baths | 5.0 | 3.0 | 97% |
| Square foot | 3,156 | 2,089.5 | 86% |
| Lot Size | 5,998 | 6,743 | 36% |
| Price | $949.0K | $445.0K | 95% |
| Price per sq ft | $301 | $232 | 80% |
| Built year | 2020 | 2001 | 96% |
| HOA | $429 | $140 | 91% |
| Days on market | 43 | 2528 | 1% |
Apr 16, 2026
$949,000
$965,000
-2% Price Drop
Initial Listing
Mar 11, 2026
$965,000
Initial Listing