4052 E Milky Way, Gilbert, AZ 85295, Gilbert, 85295 - 4 bed, 4 bath
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Gilbert, AZ 85295
This Rare Basement Turnkey Residence is listed at $600,000, representing a stable and fair acquisition at its $600,000 Fair Market Value. Boasting a Good Condition Rating, the home features significant upgrades including a new AC unit, a granite kitchen, and a finished basement with a dedicated theater. The low-maintenance yard with a patio and new turf complements the community’s resort-style amenities. Located near Top-Rated Williams Field High School, this property balances lifestyle luxury with investment versatility. It is an ideal match for Owner-Occupants or Short-Term Rental Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4052 E Milky Way Subject | $589,000* List Price | 4 | 4 | 2,573 | $228 | - |
A 3889 E GALVESTON Street Sold | $499,990 List Price | 4 | 3 | 2,150 | 0.2 mi | |
B 3450 E TYSON Street Sold | $522,000 | 4 | 3 | 2,356 | $222 | 0.8 mi |
C 4298 E TOLEDO Street Sold | $493,000 | 4 | 3 | 2,029 | $243 | 0.4 mi |
D 2060 S AGNES Lane Active | $699,900 List Price | 4 | 3 | 2,702 | $259 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2008, this property is well within the 10-20 year age bracket for a 'good' rating and presents in move-in ready condition. The home features several recent updates including a new AC unit, fresh interior paint, and custom wall paneling. The kitchen has been modernized with a contemporary two-tone cabinet scheme, granite countertops, and stainless steel appliances. Bathrooms and flooring (carpet and tile) appear well-maintained with minimal signs of wear, and the exterior features new low-maintenance turf.
The property features a finished basement with a dedicated theater and guest suite, a highly sought-after and uncommon feature in the Arizona market that provides excellent multi-generational living options.
The home is move-in ready with a brand-new AC unit for efficiency, custom interior paneling, and a low-maintenance backyard featuring new turf and fruit trees.
The property permits short-term leasing, offering significant investment potential and versatility for owners in a prime Gilbert location near top-rated schools.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2573, other record living area = 1883.
At 4,175 square feet, the lot is relatively small for a home of nearly 2,600 square feet, resulting in limited outdoor space and close proximity to neighboring properties.
The property is subject to mandatory association fees and community regulations, which may impose restrictions on exterior modifications and add to monthly carrying costs.
A RARE BASEMENT home in an ideal location, quietly tucked into a welcoming community yet just minutes from top schools, shopping & restaurants. This turnkey updated home offers just under 2,600 sqft w/ 4 bedrooms, 3.5 baths & a basement designed for real living, featuring a dedicated theater space or bonus living area, bedroom, and bath, perfect for movie nights, guests, or multi-use living. Upstairs, a functional open layout, & a kitchen w/ granite countertops, breakfast bar & bright dining area w/ glass sliding door leading to the backyard. The spacious primary suite includes a large walk-in closet & a well-appointed bath w/ dual sinks & separate tub. Recent upgrades include custom paneling throughout & new AC unit for added comfort & efficiency. Short term leasing is permitted. Outside, enjoy fruit trees & a low-maintenance yard w/ new turf, ideal for easy Arizona living. The community offers a pool, parks, & sports courts, creating a neighborhood feel while remaining peaceful & mature landscaping. This home blends space, flexibility, & lifestyle in a setting that's hard to find and just right.
No exterior & parking available.
Grades PK-8 • 0.5 mi
Grades 7-8 • 1.2 mi
Grades 9-12 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 3.0 | 86% |
| Square foot | 2,573 | 2,136 | 67% |
| Lot Size | 4,175 | 7,491 | 17% |
| Price | $589.0K | $410.0K | 80% |
| Price per sq ft | $229 | $214 | 55% |
| Built year | 2008 | 2004 | 73% |
| HOA | $126 | $125 | 50% |
| Days on market | 74 | 2472 | 1% |
Apr 16, 2026
$589,000
$600,000
-2% Price Drop
Initial Listing
Feb 7, 2026
$600,000
Initial Listing