3497 E TERRACE Avenue, Gilbert, AZ 85234, Gilbert, 85234 - 4 bed, 3 bath
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Gilbert, AZ 85234
This Stunning Move-In Ready Home is a Strong Value Opportunity, listed at $619,500—positioned well below the $641,190 Fair Market Value by 3%. This valuation gap offers $21,690 in Instant Equity for the buyer. Featuring a Good Condition Rating, the property includes a private pool, patio, and modern finishes. Located near the highly-rated Carol Rae Ranch Elementary (8/10), this residence balances lifestyle comfort with financial stability. It is an ideal acquisition for Owner-Occupants seeking a turnkey sanctuary or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3497 E TERRACE Avenue Subject | $619,500* List Price | 4 | 3 | 2,623 | $244 | - |
A 3535 E TERRACE Avenue Sold | $580,000 | 4 | 3 | 2,623 | $221 | 0.0 mi |
B 3947 E ENCINAS Avenue Sold | $489,000 List Price | 4 | 3 | 2,039 | 0.8 mi | |
C 4264 E HARWELL Court Sold | $650,000 | 4 | 2 | 2,152 | $302 | 1.0 mi |
D 1425 N THUNDERBIRD Avenue Pending | $499,900 List Price | 4 | 3 | 2,267 | $221 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2007, the property is 19 years old, placing it in the 'Good' category. The home is exceptionally well-maintained and move-in ready, featuring modern wood-look tile flooring, updated neutral paint, and an immaculate exterior with a pool and artificial turf.
The home features a professionally designed model-like interior with soaring vaulted ceilings and meticulous maintenance, offering a true move-in-ready experience.
The property is zoned for highly-rated schools, including Carol Rae Ranch Elementary (8/10 rating), which is located just over half a mile from the residence.
With 2,623 square feet of living space and four bedrooms, the layout maximizes natural light and provides ample room for both daily family life and large-scale entertaining.
The 5,000-square-foot lot is relatively compact for a home of this square footage, which may limit outdoor recreational space and backyard privacy.
The property is subject to a $400 association fee, which adds to the monthly carrying costs and imposes subdivision-specific architectural restrictions.
Welcome home! This stunning residence truly has everything you've been looking for. From the moment you step inside, you'll feel like you've entered a professionally designed model home. Featuring soaring vaulted ceilings and an open, spacious floor plan, this home is filled with natural light and an inviting atmosphere that's perfect for both everyday living and entertaining. Every detail has been thoughtfully maintained, showcasing true pride of ownership throughout. Immaculate from top to bottom, this move-in-ready home offers the perfect blend of style, comfort, and functionality. Nestled in a beautiful, well-established neighborhood with convenient access to major freeways, shopping, dining, and entertainment, you'll enjoy both tranquility and an easy commute. Don't miss this!
No exterior & parking available.
Grades PK-6 • 0.5 mi
Grades 7-8 • 2.1 mi
Grades 8-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,623 | - |
| Lot Size | 5,000 | - |
| Price | $619.5K | $554.5K |
| Price per sq ft | $236 | $287 |
| Built year | 2007 | 0 |
| HOA | $400 | $0 |
| Days on market | 8 | 2717 |
Jul 15, 2026
$619,500
Initial Listing