3616 S LOBACK Lane, Gilbert, AZ 85297, Gilbert, 85297 - 4 bed, 2 bath
Loading property details...
Gilbert, AZ 85297
This Turnkey Rental Asset is listed at $490,000, offering a stable entry into the premier San Tan Ranch community. Positioned near its $413,419 Fair Market Value, the property provides immediate utility with solid long-term tenants in place despite a Condition Rating of 4. The residence is supported by the Higley Unified District, featuring Top-Rated Schools like San Tan Elementary (8/10) and Higley High (9/10). This acquisition combines consistent rental income with long-term appreciation potential, making it a strategic choice for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3616 S LOBACK Lane Subject | $490,000* List Price | 4 | 2 | 1,656 | $250 | - |
A 3352 E WILDHORSE Drive Sold | $425,700 | 4 | 2 | 1,861 | $229 | 0.6 mi |
B 3602 S LOBACK Lane Sold | $465,000 | 4 | 2 | 1,656 | $281 | 0.0 mi |
C 3602 S LOBACK Lane Sold | $465,000 | 4 | 2 | 1,656 | $281 | 0.0 mi |
D 3649 S LOBACK Lane Sold | $450,000 List Price | 3 | 2 | 1,540 | 0.1 mi | |
E 3360 E WILDHORSE Drive Sold | $490,000 | 4 | 3 | 1,901 | $258 | 0.6 mi |
F 3879 E DERRINGER Way Sold | $475,000 | 3 | 2 | 1,544 | $308 | 0.5 mi |
G 3897 S SUNNYVALE Avenue Active | $530,000 List Price | 4 | 2 | 1,949 | $272 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2002, this 24-year-old property features original builder-grade kitchen cabinets and bathroom fixtures. While functional and well-maintained for its current use as a rental, the finishes are dated and the major systems are likely approaching the end of their typical lifecycle, requiring minor updates to meet modern market standards.
Middle School: Sossaman Middle School (9/10). High School: Higley High School (9/10).
The property comes with reliable, long-term tenants already in place, providing immediate rental income and a stable opportunity for investors.
Zoned for highly-regarded schools including Higley High and Sossaman Middle (both rated 9/10), which enhances long-term property value and family appeal.
Tours are limited to specific days (Monday, Wednesday, and Saturday), which may limit exposure to some buyers and complicate the viewing process.
Built in 2002 and currently tenant-occupied, the property may require cosmetic updates or appliance upgrades to reach its full market potential compared to newer builds.
PERFECT INVESTMENT PROPERTY! 4 BR/2 BA. SOLID & WONDERFUL LONG-TERM TENANTS IN PLACE! AVAILABLE FOR TOURS MON, WED AND SATURDAYS. EASY TO SHOW. UPGRADES THRUOUT! You will LOVE this home & community. ** Local amenities nearby: Lake, Bike & Walk paths, Playgrounds, Restaurants, Shopping, Trilogy Golf Course & more. Tall 9 FT ceiling open space with beautiful marble-like tile floor & 4 BEDROOMS. Open & inviting space leads to updated kitchen with stainless steel appliances, stylish backsplash, Newer refrigerator & dishwasher, Washer Dryer included. Nice paint thruout & ceiling fans in every room. Backyard outdoor space is perfect for entertaining & relaxing surrounded by nice pavers all around.
No exterior & parking available.
Grades PK-6 • 0.4 mi
Grades 7-8 • 2.5 mi
Grades 9-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 36% |
| Square foot | 1,656 | 2,322.5 | 20% |
| Lot Size | 6,050 | 7,523.5 | 26% |
| Price | $490.0K | $0 | 68% |
| Price per sq ft | $296 | $0 | 86% |
| Built year | 2002 | 2004 | 39% |
| HOA | $51 | $180 | 20% |
| Days on market | 48 | 2613 | 1% |
Apr 21, 2026
$490,000
Initial Listing