4261 E Milky Way, Gilbert, AZ 85295, Gilbert, 85295 - 3 bed, 3 bath
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4261 E Milky Way
Gilbert, AZ 85295
ACTIVE
CONDITION: GOOD
3Beds
3Baths
1,613Sq Ft
2,904Lot Size
Property Price
LIST PRICE$429,900
EST. MARKET VALUE
$422,711
SUMMARY
This Turnkey Single-Family Residence in the sought-after Willows community is listed at $439,900, aligning perfectly with its $440,553 Fair Market Value. Boasting a Condition Rating of 3, the home features significant mechanical upgrades including a Newer HVAC (2022) and New Water Heater (2025). The rare downstairs primary suite, granite kitchen, and private patio offer immediate lifestyle luxury, while proximity to the 8/10 rated Williams Field High School ensures long-term stability. This move-in-ready sanctuary is an ideal acquisition for Owner-Occupants or first-time buyers seeking a polished Gilbert lifestyle.
Estimated Market Value
$422,711
Based on Realkey algorithm analyzing recent comparable sales in Gilbert.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4261 E Milky Way Subject | $429,900* List Price | 3 | 3 | 1,613 | $262 | - |
A 4281 E CARLA VISTA Drive Sold | $415,000 | 3 | 2 | 1,607 | $258 | 0.1 mi |
B 4249 E OAKLAND Street Sold | $450,000 | 4 | 3 | 1,601 | $281 | 0.1 mi |
C 4131 E OAKLAND Street Sold | $360,000 | 2 | 3 | 1,347 | $267 | 0.2 mi |
D 4342 E CARLA VISTA Drive Sold | $382,500 | 3 | 3 | 1,418 | $270 | 0.1 mi |
E 2283 S Swan Court Sold | $542,500 | 3 | 3 | 1,779 | $305 | 0.5 mi |
F 1941 S WALLRADE Lane Sold | $540,000 | 3 | 3 | 2,196 | $246 | 0.5 mi |
G 4063 E MILKY Way Active | $419,900 List Price | 3 | 3 | 1,500 | $280 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2007, this property falls within the 10-20 year age bracket for a 'good' rating. It is move-in ready with significant mechanical upgrades, including a newer HVAC (2022) and a brand-new water heater (2025). The kitchen is well-maintained with granite countertops, maple cabinetry, and stainless steel appliances. The flooring is updated with modern wood-look materials and diagonally set tile, showing minimal wear and tear throughout the home.
PROSSTRENGTHS & OPPORTUNITIES
- Recent Mechanical Upgrades
The property features a newer HVAC system (2022) and a brand-new water heater (2025), providing significant peace of mind and reducing immediate capital expenditure for the new owner.
- Desirable Floor Plan
The rare downstairs primary suite offers enhanced privacy and long-term accessibility, while the versatile upstairs loft provides essential flexible space for a home office or play area.
- Premium Community Amenities
Located in the sought-after Willows neighborhood, the home offers access to high-quality community pools, parks, and scenic paths, situated within a top-rated school district.
CONSRISKS & DEFICIENCIES
- Limited Outdoor Space
The compact lot size of 2,904 square feet results in a smaller backyard, which may be a drawback for buyers seeking extensive private outdoor living or gardening space.
- Split-Level Laundry
The laundry room is located on the second floor while the primary suite is on the first, creating a minor daily inconvenience for the primary residents.
About 4261 E Milky Way
Welcome to easy living in the heart of Gilbert! Located in the sought-after Willows community, this beautifully maintained home offers the perfect blend of comfort with a low-maintenance lifestyle. Instead of spending weekends mowing grass and maintaining a large backyard, you'll enjoy more free time while taking advantage of the community's tree-lined streets, neighborhood parks, playgrounds, greenbelts, and walking paths just steps from your door. Inside, you'll find a bright and inviting floor plan filled with natural light, neutral finishes, and thoughtful upgrades throughout. The desirable downstairs primary suite serves as a private retreat, featuring two walk-in closets, private patio access, double sinks, a garden tub/shower combo, and a separate toilet room. Upstairs offers two additional bedrooms, each with walk-in closets, a full bathroom, upstairs laundry room with built-in cabinetry, and a versatile loft ideal for a home office, playroom, fitness space, or second living area. The spacious eat-in kitchen is designed for everyday living, complete with maple cabinets, granite countertops, stainless appliances, a center island with breakfast bar seating, and ample storage. Additional features include wood-look flooring and tile on a diagonal, ceiling fans throughout, and 2-inch blinds. Recent updates include a newer HVAC system (2022) and water heater (2025) that provide peace of mind and help minimize future maintenance costs. Situated in one of Gilbert's most popular communities and just minutes from top-rated schools, shopping, dining, and freeway access, this home offers the space you need without the burden of maintaining a large yard. The perfect lock-and-leave opportunity for today's busy lifestyle.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2007
- Lot Size
- 2,904 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $138 / Month
Neighborhood Insights
Gilbert Unified Schools
Gateway Pointe Elementary School
Grades PK-8 • 0.2 mi
6/10
Cooley Middle School
Grades 7-8 • 1.3 mi
7/10
Williams Field High School
Grades 9-12 • 1.4 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,613 | 2,210.986 |
| Lot Size | 2,904 | 7,346.256 |
| Price | $429.9K | $598.8K |
| Price per sq ft | $267 | $280 |
| Built year | 2007 | 2003 |
| HOA | $138 | $224 |
| Days on market | 179 | 71 |
Pricing History
Listed for Sale
Aug 1, 2026
$429,900
$439,900
-2% Price Drop
Initial Listing
Price Change
Mar 14, 2026
$439,900
Initial Listing