3960 E APPALOOSA Road, Gilbert, AZ 85296, Gilbert, 85296 - 5 bed, 5 bath
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Gilbert, AZ 85296
This Stunning Move-In Ready Home is a Prime Investment Opportunity, listed at $965,000—positioned well below the $987,024 Fair Market Value by 2%. This valuation gap offers $22,024 in Instant Equity. With a Mint Condition Rating, this 2021 build features a Heated Pool, 3-Car Garage, and proximity to Top-Rated Schools like Greenfield Elementary. It offers a perfect blend of modern luxury and lifestyle convenience in Morrison Ranch, making it an ideal acquisition for Owner-Occupants or growing families seeking a premium, turn-key residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3960 E APPALOOSA Road Subject | $965,000* List Price | 5 | 5 | 3,159 | $312 | - |
A 4278 E MESQUITE Street Sold | $770,000 | 4 | 4 | 3,305 | $233 | 0.6 mi |
B 3868 E ARABIAN Drive Sold | $775,000 | 4 | 3 | 2,496 | $310 | 0.2 mi |
C 3485 E SILO Drive Sold | $867,000 | 5 | 3 | 2,563 | $338 | 0.6 mi |
D 4126 E RAWHIDE Street Active | $894,999 List Price | 5 | 4 | 3,453 | $259 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2021, this property is less than 5 years old and in mint condition. The kitchen features modern quartz countertops, stainless steel appliances, and contemporary cabinetry. With recent interior paint and nearly new HVAC and electrical systems, the home is move-in ready with no maintenance required.
Elementary School: Greenfield Elementary School (9/10).
Built in 2021, this home features a highly functional floor plan including five spacious bedrooms with walk-in closets, 4.5 bathrooms to alleviate morning congestion, and a versatile downstairs guest suite perfect for multi-generational living.
Situated in the highly sought-after Morrison Ranch, the property offers unparalleled lifestyle perks including stocked fishing lakes, pickleball courts, and an extensive network of walking and biking trails right outside the door.
The 6,000 square foot lot is relatively small for a 3,159 square foot residence, resulting in limited yard space once the home's footprint and private pool are accounted for.
The $429 association fee represents a notable recurring carrying cost that may impact the overall affordability for buyers sensitive to monthly fixed expenses.
SELLER TO PAY CLOSING COSTS/INTEREST RATE BUY DOWN! This UPGRADED freshly painted beauty in Gilbert's highly sought-after Morrison Ranch subdivision has everything you need and more! With 5 spacious bedrooms (each with walk-in closets!) you'll never run out of closet space again + HUGE LOFT & convenient upstairs laundry! Bonus: there's a convenient bedroom and full bath downstairs--perfect for guests, in-laws, work from home or your teenager who needs a little privacy. You'll love the 4.5 bathrooms--because who doesn't want to avoid morning lineup chaos? And with a 3-car garage, parking won't be a problem, even with all your weekend adventure gear. Cool off in your HEATED pool or stroll along the TONS of walking/biking trails surrounding your new home, fishing at the stocked lakes!
No exterior & parking available.
Grades PK-6 • 1.2 mi
Grades PK-6 • 1.9 mi
Grades PK-6 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 82% |
| Baths | 5.0 | 3.0 | 96% |
| Square foot | 3,159 | 2,089 | 84% |
| Lot Size | 6,000 | 6,891 | 36% |
| Price | $965.0K | $390.0K | 96% |
| Price per sq ft | $305 | $202 | 86% |
| Built year | 2021 | 2000 | 98% |
| HOA | $429 | $139 | 93% |
| Days on market | 27 | 3072 | 1% |
May 12, 2026
$965,000
Initial Listing