485 E RANCH Road, Gilbert, AZ 85296, Gilbert, 85296 - 4 bed, 4 bath
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Gilbert, AZ 85296
This Spacious Multi-Generational Home is a High-Potential Investment Opportunity, listed at $695,000—positioned well below the $973,462 Fair Market Value by 28%. This valuation gap offers $278,462 in Instant Equity for buyers. The property maintains a Well-Maintained Condition Rating featuring a 2024 New Roof and a rare Private First-Floor Suite. Located within walking distance of Settlers Point Elementary, it offers significant appreciation potential through cosmetic updates. This is an ideal opportunity for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 485 E RANCH Road Subject | $695,000* List Price | 4 | 4 | 3,435 | $283 | - |
A 339 E HORSESHOE Avenue Sold | $677,500 | 4 | 3 | 3,245 | $209 | 0.9 mi |
B 462 E PINTO Drive Sold | $599,000 | 4 | 2 | 2,310 | $259 | 0.3 mi |
C 240 E GAIL Court Sold | $575,000 | 4 | 3 | 2,439 | $236 | 0.7 mi |
D 240 E Gail Court Sold | $575,000 | 4 | 3 | 2,439 | $236 | 0.7 mi |
E 1125 S LARKSPUR Street Sold | $605,000 | 4 | 3 | 2,414 | $251 | 0.3 mi |
F 1125 S LARKSPUR Street Sold | $605,000 | 4 | 3 | 2,414 | $251 | 0.3 mi |
G 486 E WINDSOR Drive Pending | $699,900 List Price | 5 | 3 | 3,211 | $218 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1998, this property is well-maintained and move-in ready but shows its age through dated interior finishes. The kitchen features original-style honey-oak cabinetry and a mix of white and stainless appliances, while the tile flooring and light fixtures are consistent with the late-90s construction. Although the 2024 roof is a major functional upgrade, the home lacks the comprehensive modern renovations required for a higher score, fitting the criteria for a 25-40 year old home with functional but outdated components.
The property features a rare private first-floor suite with a bedroom, full bath, and separate living area, making it ideal for extended family or a high-end home office.
A brand-new roof installed in 2024 provides significant value and peace of mind, reducing immediate capital expenditure for the buyer.
Situated in a desirable Gilbert neighborhood within walking distance to an elementary school and close to Downtown Gilbert, the home offers excellent lifestyle convenience.
Built in 1998, the interior may require cosmetic modernizing to align with current design trends and compete with newer area developments.
The large 3,435 square foot footprint on a 7,153 square foot lot may result in a more compact backyard space for those seeking expansive outdoor areas.
Beautiful two-story home in desirable Gilbert offering space, comfort, and versatility. This 4-bedroom, 3.5-bath home features an open floor plan with a spacious great room, ideal for everyday living and entertaining. Private interior first floor suite with bedroom, full bath, and separate living area--perfect for multi-generational living or a home office. Oversized primary suite with sitting area and generously sized secondary bedrooms. A 3-car garage provides ample storage. Enjoy a covered patio, heated above-ground spa, and mature landscaping for added privacy. Located in a quiet neighborhood with walking paths, greenbelts, playground, and walking distance to an elementary school. Close to shopping, dining, golf, medical, and Downtown Gilbert. New roof in 2024.
No exterior & parking available.
Grades PK-6 • 0.2 mi
Grades 7-8 • 1.4 mi
Grades 8-12 • 3.8 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 | 88% |
| Square foot | 3,435 | 2,089.5 | 91% |
| Lot Size | 7,153 | 6,821 | 53% |
| Price | $695.0K | $445.0K | 85% |
| Price per sq ft | $202 | $229 | 43% |
| Built year | 1998 | 2001 | 42% |
| HOA | $115 | $140 | 37% |
| Days on market | 21 | 2528 | 1% |
Apr 2, 2026
$695,000
Initial Listing