502 N FALCON Drive, Gilbert, AZ 85234, Gilbert, 85234 - 4 bed, 2 bath
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Gilbert, AZ 85234
This Meticulously Maintained Gilbert Residence is a Strong Value Opportunity, listed at $549,000—positioned well below the $589,170 Fair Market Value by 6%. This valuation gap provides $40,170 in Instant Equity for the incoming buyer. Boasting a Condition Rating of 3, the home features a gourmet kitchen with double ovens, brand new carpet, and a 2020 roof with a transferable warranty. Located near Highland High School and Towne Meadows Elementary, it perfectly balances immediate lifestyle comfort with long-term financial upside. This is an elite acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 502 N FALCON Drive Subject | $549,000* List Price | 4 | 2 | 2,292 | $257 | - |
A 4535 E Laurel Avenue Sold | $499,900 | 3 | 2 | 1,881 | $266 | 0.2 mi |
B 4131 E STANFORD Avenue Sold | $560,000 | 4 | 3 | 2,321 | $241 | 0.6 mi |
C 4131 E STANFORD Avenue Sold | $560,000 | 4 | 3 | 2,321 | $241 | 0.6 mi |
D 3918 E SAN PEDRO Avenue Sold | $550,000 | 4 | 2 | 2,074 | $265 | 1.0 mi |
E 4245 E CULLUMBER Court Sold | $702,000 | 4 | 3 | 2,562 | $274 | 0.4 mi |
F 4219 E SAN REMO Avenue Sold | $605,000 | 5 | 3 | 2,521 | $240 | 0.7 mi |
G 3897 E CULLUMBER Street Pending | $674,900 List Price | 4 | 2 | 2,440 | $277 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1999 but features significant recent capital improvements including a 2020 roof and a brand new water heater. The kitchen and bathrooms have been renovated with timeless dark cabinetry and granite countertops (likely 5-15 years old), and the interior is move-in ready with brand new carpet, fresh paint, and a new dishwasher.
The property is in pristine condition with brand new carpet, fresh interior paint, and new blinds, offering a turnkey experience for buyers looking to avoid immediate renovation costs.
Key high-ticket items have been recently addressed, including a 2020 roof with a transferable warranty and a brand new water heater, providing long-term financial peace of mind.
The gourmet kitchen features high-end functional upgrades such as a double oven, soft-close cabinetry, and a brand new dishwasher, which are highly desirable for modern families.
Built in 1999, the floor plan includes formal living and dining separations which may feel less cohesive to buyers specifically seeking a modern, wide-open concept layout.
The 7,697 sqft lot is typical for the subdivision but may limit buyers looking for expansive outdoor space or significant privacy buffers between neighboring properties.
When it's meticulously maintained, in a neighborhood like this, it's the perfect combo of comfort and function. Formal dining and separate living room at the front-ideal for a den or office allows working from home and family life to coexist easily. Tile and BRAND NEW carpet in all the right places. New blinds, fresh paint-this home is ready without any extra work to do! Gourmet kitchen with soft-close drawers and cabinets, new dishwasher ('25) AND a double oven makes this a chef's dream. The dark cabinetry in bathrooms and kitchen keeps this home cohesive and timeless. Be sure to enjoy the beautiful, shaded, sizeable backyard with shed and fruit trees. 2020 roof with transferrable warranty, brand new hot water heater, extra garage storage- you cant find care like this these days!
No exterior & parking available.
Grades PK-6 • 0.9 mi
Grades PK-6 • 1.1 mi
Grades 7-8 • 0.8 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 | 49% |
| Square foot | 2,292 | 2,075.5 | 69% |
| Lot Size | 7,697 | 6,839 | 69% |
| Price | $549.0K | $454.8K | 71% |
| Price per sq ft | $240 | $232 | 50% |
| Built year | 1999 | 1994 | 71% |
| HOA | $200 | $82 | 88% |
| Days on market | 37 | 2540 | 1% |
May 1, 2026
$549,000
Initial Listing