481 E VERMONT Drive, Gilbert, AZ 85295, Gilbert, 85295 - 4 bed, 4 bath
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481 E VERMONT Drive
Gilbert, AZ 85295
ACTIVE
CONDITION: FAIR
4Beds
4Baths
2,997Sq Ft
10,000Lot Size
Property Price
LIST PRICE$884,900
EST. MARKET VALUE
$795,804
11% AboveMARKET VALUE
SUMMARY
This Jakes Ranch Single Family Residence is a High-Potential Investment Opportunity, listed at $884,900—positioned well above the $795,805 Fair Market Value by -11%. While the property features a Condition Rating of 4 and requires cosmetic updates to the kitchen and baths, it offers a versatile layout with a resort-style pool and multi-generational suite. Located near schools rated 6-7, this home provides a solid foundation for value-add improvements. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term equity through strategic modernization.
Estimated Market Value
$795,804
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 |
|---|---|---|---|---|---|---|
★ 481 E VERMONT Drive Subject | $884,900* List Price | 4 | 4 | 2,997 | $266 | - |
A 3118 S Colonial Street Sold | $755,000 | 4 | 3 | 2,855 | $264 | 0.8 mi |
B 244 E JOSEPH Way Sold | $870,000 | 5 | 3 | 3,040 | $286 | 0.4 mi |
C 1026 E BOSTON Street Sold | $870,000 | 4 | 3 | 2,826 | $308 | 0.7 mi |
D 359 E Frances Lane Sold | $825,000 | 4 | 4 | 3,673 | $225 | 0.7 mi |
E 857 E CARLA VISTA Drive Sold | $720,000 | 5 | 3 | 3,398 | $212 | 0.8 mi |
F 2991 S ROCA Street Sold | $650,000 | 4 | 3 | 2,382 | $273 | 0.8 mi |
G 636 E VERMONT Drive Pending | $799,000 List Price | 4 | 3 | 2,736 | $292 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 2001 (23 years old), the property falls into the fair category due to its age and dated finishes. While the home is well-maintained with a recently replaced HVAC system and fresh paint, the kitchen's Corian countertops and the original cabinetry/fixtures in the bathrooms reflect the home's original construction era and lack modern updates.
PROSSTRENGTHS & OPPORTUNITIES
- Prestigious Gated Community
Located in the highly sought-after Jakes Ranch, this property offers exclusivity and a prime Gilbert location near premier shopping and dining.
- Significant Mechanical Upgrades
The recent replacement of HVAC systems and fresh interior/exterior paint provide immediate peace of mind and reduce near-term maintenance costs for the buyer.
- Versatile Multi-Generational Layout
Featuring two private en-suite bedrooms and soaring 12-foot ceilings, the floor plan is perfectly suited for guest retreats or multi-generational living arrangements.
CONSRISKS & DEFICIENCIES
- Semi-Updated Finishes
While well-maintained, the use of Corian countertops and 'semi-updated' status may feel dated to buyers seeking a fully modernized luxury aesthetic at this price point.
- Moderate School Ratings
With school ratings ranging from 6 to 7, the local schools may not meet the specific requirements of buyers targeting Gilbert’s highest-rated educational districts.
About 481 E VERMONT Drive
Welcome to this exceptional home in the prestigious gated community of Jakes Ranch, one of Gilbert's most sought-after neighborhoods. Ideally located near premier shopping, dining, and entertainment, this beautiful semi- updated residence offers approximately 3,000 square feet with 4 spacious bedrooms, 3.5 bathrooms, and a thoughtfully designed open floor plan. Soaring 12-foot ceilings and a dramatic wall of glass to backyard create a bright, inviting living space that seamlessly blends indoor and outdoor living. The flexible layout includes two private en-suite bedrooms, with one perfectly suited as a guest retreat or mother-in-law suite. The gourmet kitchen features Corian countertops, decorative tile backsplash, stainless steel appliances, and abundant workspace, making it ideal for both everyday living and entertaining. Step outside to your own resort-style backyard, where desirable north/south exposure keeps the patio and outdoor living areas comfortably shaded. Enjoy a sparkling pool, low-maintenance artificial turf, and a covered patio designed for relaxing or hosting family and friends. Additional updates include fresh interior and exterior paint, recently replaced HVAC systems, and a new sprinkler control panel, providing peace of mind for years to come. A spacious three-car garage completes this outstanding property. Offering an unbeatable combination of location, thoughtful updates, including brand new roof, newer HVAC, and resort-style amenities, this Jakes Ranch home is a rare opportunity to enjoy luxury living in the heart of Gilbert.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2001
- Lot Size
- 10,000 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $214 / Month
Neighborhood Insights
Gilbert Unified Schools
Quartz Hill Elementary School
Grades K-6 • 1.7 mi
7/10
South Valley Jr. High School
Grades 7-8 • 0.8 mi
7/10
Campo Verde High School
Grades 8-12 • 1.9 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 2,997 | 2,210.986 |
| Lot Size | 10,000 | 7,346.256 |
| Price | $884.9K | $598.8K |
| Price per sq ft | $295 | $280 |
| Built year | 2001 | 2003 |
| HOA | $214 | $224 |
| Days on market | 38 | 71 |
Pricing History
Listed for Sale
Aug 2, 2026
$884,900
Initial Listing