4575 E WATERMAN Street, Gilbert, AZ 85297, Gilbert, 85297 - 4 bed, 2 bath
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Gilbert, AZ 85297
This Turnkey Power Ranch Residence is listed at $680,000, positioned competitively near its $668,285 Fair Market Value. Boasting a Good Condition Rating, the property features significant mechanical peace of mind with a new AC system installed in 2024. The functional 2,435-square-foot layout includes a modern granite kitchen, a dedicated office, and a split floor plan for enhanced privacy. Located in a premier community with access to Top-Rated Schools including Higley High (9/10) and Sossaman Middle (9/10), this home offers a high-quality lifestyle. It is a perfect match for Growing Families or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4575 E WATERMAN Street Subject | $639,000* List Price | 4 | 2 | 2,435 | $242 | - |
A 4591 E WATERMAN Street Sold | $675,000 | 4 | 3 | 2,408 | $280 | 0.1 mi |
B 3902 E WILDHORSE Drive Sold | $629,998 List Price | 4 | 3 | 2,451 | 0.9 mi | |
C 3726 S STAR CANYON Drive Sold | $738,000 | 4 | 3 | 2,877 | $257 | 0.3 mi |
D 3942 S MANDARIN Way Sold | $520,000 | 4 | 3 | 2,006 | $259 | 0.7 mi |
E 3618 S WEAVER Circle Sold | $559,000 List Price | 5 | 3 | 2,327 | 0.7 mi | |
F 4430 E BLUE SAGE Road Active | $629,990 List Price | 4 | 3 | 2,613 | $241 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property was built in 2012, placing it within the 10-20 year age bracket for a 'good' rating. It is move-in ready with significant maintenance updates, most notably a new AC system installed in 2024. The kitchen features modern standards like granite countertops and stainless steel appliances, and the outdoor living space has been highly upgraded with a premium pergola and built-in BBQ. While well-maintained, the interior finishes like the tile and cabinetry appear original to the build rather than a recent full renovation.
Middle School: Sossaman Middle School (9/10). High School: Higley High School (9/10).
The air conditioning system was replaced in 2024, offering significant value and peace of mind for buyers regarding one of the most critical and costly components of an Arizona home.
The 2,435-square-foot floor plan is exceptionally well-designed, featuring a split-bedroom layout, a dedicated office, and an additional flex space to accommodate modern work-from-home and family needs.
Despite having four bedrooms plus an office and flex space, the home only features two bathrooms, which may be a drawback for larger families or those who frequently host guests.
The $275 association fee and the strict guidelines typical of a master-planned community like Power Ranch may be a deterrent for buyers seeking lower monthly overhead or more property autonomy.
MOTIVATED SELLER!! Welcome to this beautifully updated home in the sought-after Power Ranch community, where thoughtful interior upgrades meet a resort-style backyard. This 4-bedroom, 2-bath home offers a split floor plan for privacy, a dedicated office, and a flex space for a playroom, gym, or media room. The open kitchen features granite countertops, SS appliances, a gas cooktop with double ovens, and updated fixtures. Recent improvements include interior and exterior paint, a 2024 AC unit, 2023 garage motor, and owned water softener. Outside, the backyard showcases an $80K+ renovation with travertine, turf, a custom ramada, built-in BBQ, fire feature, dog run, paver pad, and lush landscaping. Move-in ready!! A private community pool is just aroud the corner
No exterior & parking available.
Grades PK-8 • 0.9 mi
Grades PK-8 • 0.9 mi
Grades PK-8 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 37% |
| Square foot | 2,435 | 2,315 | 57% |
| Lot Size | 7,228 | 7,301.5 | 47% |
| Price | $639.0K | $0 | 84% |
| Price per sq ft | $262 | $0 | 75% |
| Built year | 2012 | 2004 | 79% |
| HOA | $275 | $158 | 93% |
| Days on market | 82 | 2701 | 1% |
May 31, 2026
$639,000
$640,000
+0% Price Increase
Initial Listing
May 24, 2026
$640,000
$648,000
-1% Price Drop
Initial Listing
May 10, 2026
$648,000
$659,000
-2% Price Drop
Initial Listing
Apr 26, 2026
$659,000
$669,000
-1% Price Drop
Initial Listing
Apr 16, 2026
$669,000
$680,000
-2% Price Drop
Initial Listing
Mar 24, 2026
$680,000
Initial Listing