3891 E MELROSE Street, Gilbert, AZ 85297, Gilbert, 85297 - 3 bed, 3 bath
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Gilbert, AZ 85297
This Well-Maintained Power Ranch Residence is a Strong Value Opportunity, listed at $519,000—positioned well below the $548,674 Fair Market Value by 5%. This valuation gap provides $29,674 in Instant Equity for the incoming buyer. Boasting a Good Condition Rating, the interior features Luxury Vinyl Flooring, abundant natural light, and a private Patio. The property includes a rare Extended Driveway and access to 9/10 Rated Schools including Higley High. 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 |
|---|---|---|---|---|---|---|
★ 3891 E MELROSE Street Subject | $515,000* List Price | 3 | 3 | 2,174 | $233 | - |
A 3868 E MELROSE Street Sold | $490,000 List Price | 5 | 3 | 2,523 | 0.0 mi | |
B 4089 E Wagon Circle Sold | $462,000 | 5 | 3 | 2,126 | $217 | 0.8 mi |
C 3708 E SUNDANCE Avenue Sold | $515,460 | 4 | 3 | 2,006 | $257 | 0.7 mi |
D 4294 S WOODSHED Court Sold | $479,900 | 3 | 3 | 1,988 | $241 | 0.7 mi |
E 3530 S Bandit Road Sold | $445,000 | 3 | 3 | 2,105 | $211 | 1.0 mi |
F 4448 E MELROSE Street Sold | $420,000 | 3 | 2 | 1,625 | $258 | 0.7 mi |
G 3844 E BATTALA Avenue Active | $458,000 List Price | 3 | 3 | 2,174 | $211 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2007, this property falls within the 10-20 year age range for a 'good' condition score. It is move-in ready and well-maintained, featuring recent updates such as fresh luxury vinyl flooring upstairs. The kitchen and living areas show minimal wear, and the overall aesthetic is modern and clean without requiring immediate renovation.
Middle School: Sossaman Middle School (9/10). High School: Higley High School (9/10).
The home is exceptionally well-maintained with key updates, including fresh luxury vinyl flooring upstairs and a clean, modern aesthetic that allows for immediate occupancy.
The property features a rare extended driveway, providing valuable additional off-street parking space which is a significant convenience in this neighborhood.
With a lot size of 4,100 square feet for a 2,174 square foot home, the backyard and outdoor living areas are relatively compact.
The $402 association fee adds a notable recurring cost to the monthly carrying expenses, which may impact the budget for some buyers.
3891 E Melrose Street is a clean, well-kept 3 bedroom, 2.5 bathroom home with updates where they matter most. Natural light fills the interior, giving the home an open and welcoming feel from the moment you step inside. The layout is practical and easy to live in, with comfortable flow between the kitchen and main living space that works just as well for everyday life as it does for hosting. Upstairs features fresh luxury vinyl flooring, adding a modern, durable, low-maintenance finish that elevates the entire level. The extended driveway provides rare and valuable extra parking space, offering added flexibility and convenience. Well maintained, thoughtfully updated, and completely move-in ready, this home delivers comfort, function, and style without overcomplicating it.
No exterior & parking available.
Grades PK-8 • 0.9 mi
Grades PK-8 • 0.9 mi
Grades PK-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 30% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,174 | 2,393 | 42% |
| Lot Size | 4,100 | 7,700 | 6% |
| Price | $515.0K | $450.0K | 61% |
| Price per sq ft | $237 | $215 | 59% |
| Built year | 2007 | 2004 | 64% |
| HOA | $402 | $214 | 97% |
| Days on market | 60 | 2392 | 1% |
Apr 19, 2026
$515,000
$519,000
-1% Price Drop
Initial Listing
Feb 21, 2026
$519,000
Initial Listing