510 E HOUSTON Avenue, Gilbert, AZ 85234, Gilbert, 85234 - 3 bed, 2 bath
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Gilbert, AZ 85234
This Value-Add Residential Asset is listed at $850,000, compared to a $761,839 Fair Market Value. Currently maintaining a Condition Score of 4, the home features original 1980s finishes, presenting a clear opportunity for modernization and forced appreciation. The property’s primary value lies in its expansive 16,474 sqft lot and the absence of No HOA Fees, offering rare autonomy and space in the Gilbert market. With Main-Level Living and a functional 2,586 sqft layout, this is an ideal project for Value-Add Investors or Owner-Occupants seeking a custom renovation on a premium, oversized lot.
Property is moderate renovation needed.
Built in 1987, the property is in mostly original condition and shows significant signs of being outdated. The kitchen features 1980s-style oak cabinetry, white appliances, and tile countertops with wide grout lines. Bathrooms and living areas also reflect the original build period with Hollywood light bars, worn carpeting, and dark wood ceiling beams. While the home appears functional and maintained, it lacks modern renovations and requires substantial cosmetic updates to flooring, fixtures, and cabinetry to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16474, living area = 2586.
Situated on a generous 16,474 sqft lot, this property offers significant outdoor space and privacy, which is a premium feature in the established Gilbert market.
The floor plan features all bedrooms and bathrooms on the main level, providing the convenience and accessibility of a single-story layout while still offering a versatile loft space.
Built in 1987, the home may require significant capital investment for cosmetic updates and system modernizations to compete with newer luxury inventory in the area.
At 2,586 square feet, the home only provides three bedrooms, which may be a drawback for larger families or buyers expecting more sleeping quarters for a property of this size and price.
3 Bedroom, 2 bathroom with Den and loft. All bedroom and bathroom on main level.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 44% |
| Baths | 2.0 | 3.0 | 49% |
| Square foot | 2,586 | 2,039 | 77% |
| Lot Size | 16,474 | 6,913 | 94% |
| Price | $850.0K | $479.0K | 93% |
| Price per sq ft | $329 | $256 | 84% |
| Built year | 1987 | 1994 | 21% |
| HOA | $0 | $75 | 21% |
| Days on market | 68 | 2339 | 1% |
Feb 13, 2026
$850,000
Initial Listing