537 S PHEASANT Drive, Gilbert, AZ 85296, Gilbert, 85296 - 4 bed, 3 bath
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537 S PHEASANT Drive
Gilbert, AZ 85296
ACTIVE
CONDITION: EXCELLENT
4Beds
3Baths
2,188Sq Ft
6,600Lot Size
Property Price
LIST PRICE$674,900
EST. MARKET VALUE
$688,143
SUMMARY
This Stunning Move-In Ready Home is a Strong Value Opportunity, listed at $674,900—positioned well below the $688,143 Fair Market Value by 2%. This valuation gap offers $13,243 in Instant Equity for the buyer. Featuring a 2023 build date, 3-zone HVAC, and an Excellent Condition Rating, this property offers a modern open-concept kitchen and a low-maintenance backyard with a scenic walking path view. It is the perfect fit for first-time buyers or owner-occupants seeking a stress-free, energy-efficient lifestyle.
Estimated Market Value
$688,143
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 |
|---|---|---|---|---|---|---|
★ 537 S PHEASANT Drive Subject | $674,900* List Price | 4 | 3 | 2,188 | $315 | - |
A 3956 E ARABIAN Drive Sold | $710,000 | 4 | 3 | 2,132 | $333 | 0.4 mi |
B 3420 E Appaloosa Road Sold | $707,000 | 4 | 3 | 2,122 | $333 | 1.0 mi |
C 4064 E CATCLAW Street Sold | $582,000 | 5 | 3 | 1,951 | $298 | 0.2 mi |
D 4242 E RAWHIDE Street Sold | $600,800 | 3 | 2 | 1,773 | $339 | 0.2 mi |
E 4261 E AMBER Lane Sold | $660,000 | 4 | 3 | 2,416 | $273 | 0.3 mi |
F 4058 E CATCLAW Street Sold | $600,000 | 4 | 3 | 1,944 | $309 | 0.2 mi |
G 4041 E AMBER Lane Sold | $590,000 | 3 | 2 | 1,823 | $324 | 0.4 mi |
H 4118 E MARLENE Drive Sold | $680,000 | 3 | 3 | 2,195 | $310 | 0.5 mi |
I 640 S OLYMPIC Drive Active | $799,999 List Price | 4 | 3 | 2,331 | $343 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Built in 2023, this home is in mint condition with a modern open-concept kitchen, stainless steel appliances, and a new 3-zone HVAC system, requiring no maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Energy Efficiency
Built in 2023, this nearly-new home features a sophisticated 3-zone temperature control system, ensuring optimal climate management and energy savings throughout the 2,188 square foot layout.
- Premium Outdoor Living
The property offers a low-maintenance backyard with artificial grass and pavers, uniquely positioned with a walking path behind the home to provide an open-space feel and increased privacy.
- Attractive Buyer Incentives
The listing includes a 1% 'Buyers Flex Credit' toward closing costs or a rate buy-down, offering significant financial relief and a competitive edge in the current interest rate environment.
CONSRISKS & DEFICIENCIES
- Compact Lot Size
The 6,600 square foot lot is standard for newer subdivisions but may feel restrictive for buyers seeking a large private yard or extensive gardening space.
- Standard Garage Capacity
A 2-car garage for a 4-bedroom home may be a limitation for larger households with multiple vehicles or those requiring extra on-site storage.
About 537 S PHEASANT Drive
Better than NEW!! Built in 2023, this beautifully maintained Lennar Douglas floor plan offers 2188 square feet with 4 bedrooms, 3 full bathrooms and a spacious 2-car garage. The open-concept kitchen features a large island, abundant cabinetry, a walk in pantry and flows seamlessly into the great room, making it perfect for entertaining. There is a covered patio and a covered courtyard making it perfect for Arizona living. Check out the owner's suite, huge closet that has extra storage. The backyard is an entertainers delight with pavers and artificial grass for easy maintenance. Also has a walking path behind the house for an open space feel. Close to parks, restaurants and shopping. Also 3 Zones in the home for temperature control. This is the time to buy with ''Buyers Flex Credit of 1% towards closing costs or rate buy down, offered by preferred lender for qualified buyers". Ask agent for details.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2023
- Lot Size
- 6,600 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $95 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,188 | 2,210.986 |
| Lot Size | 6,600 | 7,346.256 |
| Price | $674.9K | $598.8K |
| Price per sq ft | $308 | $280 |
| Built year | 2023 | 2003 |
| HOA | $95 | $224 |
| Days on market | 22 | 71 |
Pricing History
Listed for Sale
Aug 18, 2026
$674,900
Initial Listing