4321 E MILKY Way, Gilbert, AZ 85295, Gilbert, 85295 - 3 bed, 3 bath
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Gilbert, AZ 85295
This Value-Add Residential Asset in Gilbert’s sought-after Willows community is listed at $409,000, relative to a $359,438 Fair Market Value. Currently holding a Fair Condition Rating, the property requires cosmetic updates and repairs, presenting a significant opportunity to force appreciation and build equity through renovation. The functional 1,486 SF layout includes a private patio and is supported by proximity to Williams Field High School (8/10) and Cooley Middle School (7/10). This acquisition is perfectly suited for Fix-and-Flip Investors or Owner-Occupants seeking a project in a high-demand submarket.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4321 E MILKY Way Subject | $409,000* List Price | 3 | 3 | 1,486 | $242 | - |
A 4027 E MILKY Way Sold | $378,000 | 2 | 3 | 1,347 | $281 | 0.4 mi |
B 1835 S SWAN Drive Sold | $395,000 | 3 | 2 | 1,299 | $304 | 0.3 mi |
C 3538 E OAKLAND Street Sold | $469,500 | 3 | 3 | 1,781 | $264 | 1.0 mi |
D 4188 E TULSA Street Active | $422,000 List Price | 3 | 2 | 1,607 | $263 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2006, the property is 20 years old and reaches the threshold for 'Fair' condition. The interior shows visible wear including missing light fixtures with exposed wiring and worn carpeting. While the kitchen features granite counters, the cabinetry and black appliances are dated, and the listing explicitly notes the need for cosmetic updates and repairs.
Situated in the highly sought-after Willows community of Gilbert, this property benefits from a popular neighborhood setting with excellent proximity to top-rated schools and major commuter routes.
Priced as an affordable entry point, the home offers a 'value-add' opportunity where cosmetic updates and repairs can lead to immediate equity growth for homeowners or investors.
The 1,486 SF floor plan is well-distributed with three bedrooms and three bathrooms, providing a functional living space that maximizes the square footage for modern family needs.
The property is noted to need cosmetic updates and repairs, which will require additional immediate capital investment and effort from the buyer upon acquisition.
With a lot size of 3,251 square feet, the yard space is relatively compact, which may be a disadvantage for buyers seeking extensive private outdoor areas or large gardens.
Welcome to Gilbert's sought-after Willows community, one of the Valley's most popular neighborhoods. This affordable two-story home offers 1,486 SF of living space with 3 bedrooms and 2 bathrooms. Functional floor plan with spacious living areas and room to personalize. The home could benefit from cosmetic updates and repairs, making it a great opportunity for buyers looking to build equity or investors seeking their next project. Enjoy nearby shopping, dining, parks, schools, and convenient access to major commuter routes. Great potential in an excellent location.
No exterior & parking available.
Grades PK-8 • 0.2 mi
Grades 7-8 • 1.3 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 49% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,486 | 2,129 | 13% |
| Lot Size | 3,251 | 7,491 | 10% |
| Price | $409.0K | $409.0K | 50% |
| Price per sq ft | $275 | $214 | 73% |
| Built year | 2006 | 2004 | 63% |
| HOA | $115 | $120 | 48% |
| Days on market | 6 | 2472 | 1% |
Apr 16, 2026
$409,000
Initial Listing