3497 E Sierra Madre Avenue, Gilbert, AZ 85296, Gilbert, 85296 - 5 bed, 3 bath
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Gilbert, AZ 85296
This Spacious Single Family Residence is a Strong Value Opportunity, listed at $869,000—positioned well below the $912,664 Fair Market Value by 4%. This valuation gap offers $43,664 in Instant Equity for the buyer. Featuring a Good Condition Rating with recent 2023-2025 HVAC and appliance upgrades, this home offers a versatile floor plan near Top-Rated Schools like Greenfield Elementary. It is an ideal acquisition for Owner-Occupants or growing families seeking a move-in ready lifestyle in Morrison Ranch.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3497 E Sierra Madre Avenue Subject | $869,000* List Price | 5 | 3 | 3,503 | $248 | - |
A 3853 E COMSTOCK Drive Sold | $885,000 | 4 | 3 | 3,108 | $285 | 0.4 mi |
B 3740 E SAGEBRUSH Street Sold | $1,025,000 | 4 | 3 | 3,461 | $296 | 0.6 mi |
C 3955 E MESQUITE Street Sold | $775,000 | 5 | 3 | 3,242 | $239 | 0.6 mi |
D 3959 E MORRISON RANCH Parkway Sold | $668,000 | 3 | 3 | 2,416 | $276 | 0.6 mi |
E 3960 E APPALOOSA Road Sold | $958,000 | 5 | 5 | 3,159 | $303 | 0.9 mi |
F 3702 E Robin Lane Sold | $700,000 | 3 | 2 | 2,224 | $315 | 0.3 mi |
G 4112 E APPALOOSA Road Sold | $731,700 | 4 | 3 | 2,551 | $287 | 1.0 mi |
H 3425 E SIERRA MADRE Avenue Active | $899,900 List Price | 5 | 3 | 3,503 | $257 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2009 (17 years old), the property is well-maintained and move-in ready. It features significant recent capital improvements including new HVAC units (2023/2025), water heater (2023), and major appliances (2023). While the kitchen and bathrooms appear original to the build date, they are functional and in good condition.
Elementary School: Greenfield Elementary School (9/10).
The property features significant recent capital improvements, including dual HVAC units replaced in 2023 and 2025, a new water heater (2023), and updated major appliances, offering the buyer substantial long-term maintenance savings.
With 3,503 square feet, this home includes a rare main-level bedroom and full bath, plus an upstairs loft and dedicated study area, providing exceptional flexibility for multi-generational living or remote professional needs.
The $429 association fee is relatively high for the Gilbert market, which may increase the total monthly carrying cost and deter budget-conscious buyers.
Having been active for 45 days, the property is exceeding the typical 'hot market' window, which may lead to buyer perceptions of overpricing or reduced urgency during negotiations.
This spacious corner-lot home in Morrison Ranch offers 5 bedrooms, 3 full baths, mature greenery, and a desirable greenbelt-setting. The main level includes separate formal living and dining spaces, a large eat-in kitchen, walk-in pantry, French doors to a side courtyard, full bedroom and bathroom ideal for guests, a home office, or flexible living needs. Upstairs features an oversized primary suite with sitting area, dual closets, separate shower and tub, and double vanities, plus a loft, open study area, three additional bedrooms, and a full bath. The private backyard offers a comfortable setting for relaxing or entertaining. HVAC units replaced in June 2023 and July 2025, water heater replaced in May 2023, major appliances replaced in 2023, reverse osmosis system in 2024. Located near Greenfield Elementary, Greenfield Junior High, and Highland High, with convenient access to dining, shopping, and freeway connections.
No exterior & parking available.
Grades PK-6 • 0.5 mi
Grades PK-6 • 1.2 mi
Grades PK-6 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 3,503 | - |
| Lot Size | 8,390 | - |
| Price | $869.0K | $554.5K |
| Price per sq ft | $248 | $287 |
| Built year | 2009 | 0 |
| HOA | $429 | $0 |
| Days on market | 77 | 2717 |
May 6, 2026
$869,000
Initial Listing