3724 E DERRINGER Way, Gilbert, AZ 85297, Gilbert, 85297 - 3 bed, 2 bath
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Gilbert, AZ 85297
This Well-Maintained Single-Family Residence is a Strong Value Opportunity, listed at $475,000—positioned well below the $492,785 Fair Market Value by 3%. This valuation gap provides $17,785 in Instant Equity for buyers. Featuring a Private Pool, newer AC, and a Fair Condition Rating, the home offers move-in readiness with room for cosmetic personalization. Located within the boundaries of Top-Rated Schools like Higley High (9/10) and Sossaman Middle (9/10), it balances lifestyle perks with financial upside. This is an ideal opportunity for Owner-Occupants looking to build wealth or Buy-and-Hold Investors seeking a stable asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3724 E DERRINGER Way Subject | $475,000* List Price | 3 | 2 | 1,521 | $324 | - |
A 3879 E DERRINGER Way Sold | $475,000 | 3 | 2 | 1,544 | $308 | 0.2 mi |
B 3649 S LOBACK Lane Sold | $450,000 List Price | 3 | 2 | 1,540 | 0.5 mi | |
C 3545 E THUNDERHEART Trail Sold | $430,000 | 3 | 2 | 1,352 | $318 | 0.5 mi |
D 3306 E BONANZA Road Sold | $472,000 | 3 | 2 | 1,595 | $296 | 0.6 mi |
E 3545 E THUNDERHEART Trail Sold | $430,000 | 3 | 2 | 1,352 | $318 | 0.5 mi |
F 3602 S LOBACK Lane Sold | $465,000 | 4 | 2 | 1,656 | $281 | 0.5 mi |
G 3530 S CUPERTINO Drive Active | $440,000 List Price | 3 | 2 | 1,376 | $320 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained and move-in ready with significant recent updates to major systems, including a newer AC unit, a 2-year-old water heater, and brand-new appliances. However, based on the provided criteria, it falls into the 'Fair' category as it was built in 2002 (22 years ago) and retains its original builder-grade finishes. The kitchen and bathrooms feature dated oak cabinetry, white appliances, and early-2000s styling that, while functional and clean, has not undergone a full modern renovation.
Middle School: Sossaman Middle School (9/10). High School: Higley High School (9/10).
The property features a newer AC unit, a two-year-old water heater, and brand-new major appliances, significantly reducing the risk of immediate capital expenditures for the buyer.
The backyard is a standout feature, boasting a sparkling pool and a generous lot size that provides a premium space for relaxation and entertainment in the Arizona climate.
At 1,521 square feet, the interior layout may feel restrictive for growing families or those requiring a dedicated home office compared to larger floor plans in the area.
While the home has been refreshed with paint, some original architectural and cosmetic elements from the early 2000s may still require modern updates to compete with new construction aesthetics.
Featuring newer major appliances and updated home systems, this beautifully refreshed and freshly painted 3-bedroom, 2-bath home in the sought-after San Tan Ranch community offers both style and peace of mind from day one. With a brand-new refrigerator, newer AC unit, and a hot water heater just 2 years old, newer garage door, the big-ticket items are already taken care of--making this truly move-in ready. Step inside to a bright, open-concept layout that creates effortless flow between the living area and the inviting eat-in kitchen, complete with abundant counter space and room to gather. The spacious primary suite provides a relaxing retreat with a charming bay window, separate soaking tub, and walk-in shower. Enjoy added security and convenience with an installed home front & back security cameras giving you extra confidence and comfort. Outside, your private backyard oasis awaits with a sparkling pool and generous yard space--perfect for entertaining, relaxing, and enjoying Arizona's sunshine. Located just minutes from San Tan Village, Agritopia, shopping, dining, and easy freeway access, this home delivers the perfect blend of reliability, lifestyle, and location.
No exterior & parking available.
Grades PK-6 • 0.5 mi
Grades 7-8 • 2.9 mi
Grades 9-12 • 0.4 mi
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 | 1,521 | 2,393 | 9% |
| Lot Size | 6,394 | 7,700 | 27% |
| Price | $475.0K | $450.0K | 56% |
| Price per sq ft | $312 | $215 | 89% |
| Built year | 2002 | 2004 | 37% |
| HOA | $157 | $200 | 41% |
| Days on market | 60 | 2392 | 1% |
Feb 21, 2026
$475,000
Initial Listing