3526 S 159th Street, Gilbert, AZ 85297, Gilbert, 85297 - 3 bed, 2 bath
Loading property details...
Gilbert, AZ 85297
This Expansive Gilbert Acreage is a Strong Value Opportunity, listed at $920,000—positioned well below the $933,385 Fair Market Value by 1%. This valuation offers $13,385 in Instant Equity. While the home holds a Condition Rating of 4, it features a Granite Kitchen, Vaulted Ceilings, and a 3.5-Car Garage on a rare 1.2-Acre Lot with No HOA. Located near the LDS Temple and San Tan Village Mall, it balances significant land utility with a prime location. This is an ideal 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 |
|---|---|---|---|---|---|---|
★ 3526 S 159th Street Subject | $899,000* List Price | 3 | 2 | 1,943 | $482 | - |
A 2200 E MELROSE Street Active | $899,000 List Price | 4 | 3 | 1,781 | $505 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1995, this nearly 30-year-old home is well-maintained but shows significant signs of age. While the kitchen has been refreshed with granite countertops, the cabinetry, light fixtures, and overall aesthetic remain dated to the mid-90s. The property is functional and move-in ready, but it lacks the comprehensive modern renovation required for a 'Good' or 'Excellent' rating. The high valuation is primarily attributed to the expansive 1.2-acre lot and location rather than the interior condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 55172, living area = 1943.
The property features over 1.2 acres of land with no HOA restrictions, providing rare freedom for RV storage, workshops, or equestrian use in a prime Gilbert location.
Situated next to the LDS Temple and in close proximity to San Tan Village Mall, the home offers exceptional convenience to high-end shopping, dining, and top-rated schools.
At a list price of $920,000 for 1,943 square feet, the property carries a high price-per-foot ratio, as the value is primarily concentrated in the land rather than the interior living area.
Built in 1995, the home may require additional capital investment for cosmetic updates and modern renovations to align with the expectations of luxury buyers in this price bracket.
LARGE LOT over 1.2 Acres next to the LDS Temple. Great Spacious area to do whatever you like, NO HOA, The Home is a 3 bedroom with office, Vaulted Ceilings, Large Open Kitchen area with Family Room, Granite Counter Tops, Kitchen Bar, Bay window in Master Bedroom, Separate tub and shower, Good Size Rooms, Grand Hallway Closet for Storage, Cover back patio, 3.5 car garage space. This Home has so much to offer, Great Location, Next to San Tan Valley Mall, Great Schools, and Parks. Great Opportunity
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 30% |
| Baths | 2.0 | 3.0 | 35% |
| Square foot | 1,943 | 2,393 | 31% |
| Lot Size | 55,172 | 7,700 | 99% |
| Price | $899.0K | $450.0K | 94% |
| Price per sq ft | $463 | $215 | 98% |
| Built year | 1995 | 2004 | 3% |
| HOA | $0 | $200 | 3% |
| Days on market | 54 | 2392 | 1% |
Apr 19, 2026
$899,000
$920,000
-2% Price Drop
Initial Listing
Feb 27, 2026
$920,000
Initial Listing