359 E Frances Lane, Gilbert, AZ 85295, Gilbert, 85295 - 4 bed, 4 bath
Loading property details...
Gilbert, AZ 85295
This Turnkey Gilbert Residence is a Strong Value Opportunity, listed at $839,000—positioned well below the $879,592 Fair Market Value by 4%. This valuation gap offers $40,592 in Instant Equity for the buyer. With a Good Condition Rating, the home features a heated pool and spa, updated HVAC (2023), and new carpet (2024). Located near A-rated Gilbert Schools, this property is an ideal acquisition for Owner-Occupants seeking a move-in ready lifestyle or discerning families prioritizing long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 359 E Frances Lane Subject | $839,000* List Price | 4 | 4 | 3,673 | $239 | - |
A 244 E JOSEPH Way Sold | $870,000 | 5 | 3 | 3,040 | $286 | 0.5 mi |
B 331 E PHELPS Street Sold | $808,000 | 5 | 3 | 3,479 | $232 | 0.2 mi |
C 643 E LOWELL Avenue Sold | $900,000 List Price | 5 | 4 | 4,000 | 0.6 mi | |
D 75 E ELGIN Street Sold | $650,000 | 3 | 2 | 2,341 | $278 | 0.5 mi |
E 296 E FRANCES Lane Active | $850,000 List Price | 5 | 4 | 4,093 | $208 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property was built in 2002 and underwent a major renovation in 2015 (9 years ago), which falls within the 5-15 year renovation window for a 'Good' rating. While the kitchen and baths are nearly a decade old, the home features excellent maintenance of critical systems, including HVAC and water heater replacements in 2023 and brand-new carpet installed in 2024, making it fully move-in ready.
The property features significant recent capital improvements, including new HVAC units and a water heater (2023), brand-new carpet (2024), and a comprehensive 2015 remodel, ensuring high mechanical reliability and move-in readiness.
The backyard serves as a private oasis with a heated pool and spa, gas firepit, and premium multi-glass sliding doors that create a seamless indoor-outdoor transition, ideal for the Arizona climate.
With 3,673 square feet, the home offers exceptional functionality, featuring a dedicated office with custom built-ins, a large upstairs flex room, and a full 3-car garage to accommodate growing families or remote work needs.
Although the home was extensively remodeled in 2015, some finishes such as the granite countertops and resurfaced cabinetry are now nearly a decade old and may begin to feel dated to buyers seeking the latest design trends.
The multi-level design may limit appeal for a segment of the market specifically looking for single-story living or long-term accessibility, as the primary living areas and bedrooms are split across two floors.
Welcome to this beautifully updated Gilbert home offering the perfect blend of comfort, style & convenience. 4 bedrooms, 3.5 bathrooms - 3,673 square feet, this spacious two-story residence is designed for both everyday living & entertaining. A desirable Jack & Jill bathroom connects two secondary bedrooms. The oversized primary suite features a spacious bedroom, spa-inspired bathroom & generous walk-in closet. The home's curb appeal shines with a low-maintenance front yard, permanent roofline lighting & a full side-by-side 3-car garage. Inside, extensive updates completed in 2015 include resurfaced cabinetry, granite countertops, appliances, remodeled bathrooms, modern flooring, updated lighting & a beautifully redesigned family room fireplace & media wall. The private office features custom built-in cabinetry & French doors, while a large upstairs flex space offers endless possibilities for a game room, media room, or additional living area. Step outside to your own backyard oasis complete with a heated pool and spa, covered patio, gas firepit & low-maintenance landscaping. Multi-Glass sliding doors installed in 2015 blends indoor & outdoor living. Additional upgrades include HVAC units & water heater replaced in 2023, plus brand-new carpet installed in December 2024. Ideally located minutes from Loop 202, less than 15 minutes to Downtown Gilbert & SanTan Village & highly rated A-rated Gilbert Schools.
No exterior & parking available.
Grades K-6 • 1.4 mi
Grades 7-8 • 1.5 mi
Grades 8-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 52% |
| Baths | 4.0 | 3.0 | 88% |
| Square foot | 3,673 | 2,136 | 91% |
| Lot Size | 10,200 | 7,713 | 79% |
| Price | $839.0K | $0 | 95% |
| Price per sq ft | $228 | $0 | 62% |
| Built year | 2002 | 2003 | 46% |
| HOA | $117 | $125 | 48% |
| Days on market | 27 | 2878 | 1% |
May 18, 2026
$839,000
Initial Listing