3940 E BLUE SPRUCE Lane, Gilbert, AZ 85298, Gilbert, 85298 - 5 bed, 3 bath
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Gilbert, AZ 85298
This Spacious Move-In Ready Residence is a High-Potential Investment Opportunity, with a List Price of $607,000—positioned well below the $705,137 Fair Market Value by 13%. This valuation gap secures $98,137 in Instant Equity for the buyer. Boasting a Good Condition Rating, the nearly 3,000 sqft interior features fresh paint, stainless steel appliances, and a covered patio. Zoned for top-tier schools including Sossaman Middle and Higley High, this property balances lifestyle luxury with significant financial upside. It is an ideal match for Owner-Occupants seeking space or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3940 E BLUE SPRUCE Lane Subject | $607,000* List Price | 5 | 3 | 2,989 | $236 | - |
A 3630 E RAKESTRAW Lane Sold | $620,000 List Price | 4 | 3 | 2,394 | 0.5 mi | |
B 3535 E CRESCENT Way Sold | $607,500 | 4 | 3 | 2,466 | $246 | 0.9 mi |
C 5449 S Luiseno Boulevard Active Under Contract | $619,900 List Price | 3 | 3 | 2,410 | $257 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2014, this property is approximately 12 years old, placing it firmly in the 'good' category. It is move-in ready with recent cosmetic updates including fresh interior paint and partial flooring replacement. The kitchen features modern stainless steel appliances, a center island, and updated countertops, while the primary bathroom offers a contemporary separate tub and shower configuration. The home appears well-maintained with no signs of deferred maintenance.
Middle School: Sossaman Middle School (9/10). High School: Higley High School (9/10).
The property features recent interior updates, including fresh paint and partial flooring replacement, offering a modern aesthetic that allows buyers to move in without immediate renovation costs.
With 5 bedrooms and nearly 3,000 square feet of living space, this home provides ample room for large families, multi-generational living, or dedicated home office needs.
The 5,175 square foot lot is relatively small for a home of this size, resulting in a compact backyard that may not meet the needs of buyers seeking extensive outdoor space or privacy.
The $405 association fee represents a substantial recurring monthly or quarterly expense that increases the total cost of ownership compared to nearby communities with lower fees.
Discover the charm of 3940 E Blue Spruce Ln, boasting a fresh interior paint that brightens up the space. The partial flooring replacement adds a modern touch to the home. The kitchen is a chef's dream with all stainless steel appliances and a convenient kitchen island for meal prep. The primary bedroom is a true retreat with a spacious walk-in closet. The primary bathroom is a sanctuary with double sinks, and a separate tub and shower for ultimate relaxation. Outside, enjoy a covered patio perfect for entertaining and a fenced-in backyard for privacy. The property also includes a storage shed for your extra belongings. This property is a must-see, don't miss out on this gem.. Included 100-Day Home Warranty with buyer activation
No exterior & parking available.
Grades 7-8 • 1.5 mi
Grades PK-8 • 1.6 mi
Grades PK-8 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 82% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,989 | 2,351 | 76% |
| Lot Size | 5,175 | 8,170 | 3% |
| Price | $607.0K | $519.5K | 64% |
| Price per sq ft | $203 | $259 | 41% |
| Built year | 2014 | 2006 | 70% |
| HOA | $405 | $258 | 72% |
| Days on market | 70 | 2499 | 1% |
Feb 12, 2026
$607,000
Initial Listing