558 E DEVON Drive, Gilbert, AZ 85296, Gilbert, 85296 - 3 bed, 2 bath
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Gilbert, AZ 85296
This Meticulously Maintained Single-Story Residence is a High-Potential Investment Opportunity, listed at $495,000—positioned well below the $616,875 Fair Market Value by 19%. This valuation gap provides $121,875 in Instant Equity for the buyer. Boasting a Good Condition Rating, the home features Granite Countertops, fresh exterior paint, and a serene Garden Fountain Patio. Located walking distance to Settlers Point Elementary and minutes from the Gilbert Heritage District, it offers significant lifestyle and financial upside. This is an ideal 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 |
|---|---|---|---|---|---|---|
★ 558 E DEVON Drive Subject | $489,900* List Price | 3 | 2 | 1,655 | $290 | - |
A 960 E SARATOGA Street Sold | $465,000 List Price | 4 | 2 | 1,656 | 0.8 mi | |
B 1255 S LA ARBOLETA Street Sold | $480,000 List Price | 3 | 2 | 1,825 | 0.3 mi | |
C 590 E KYLE Drive Sold | $445,000 | 3 | 2 | 1,283 | $347 | 0.1 mi |
D 225 E SHEFFIELD Court Sold | $570,000 | 3 | 2 | 1,849 | $308 | 0.5 mi |
E 863 E KYLE Court Sold | $525,000 | 3 | 2 | 1,683 | $312 | 0.4 mi |
F 891 E SHERRI Drive Sold | $492,500 | 3 | 3 | 2,041 | $241 | 0.5 mi |
G 871 E SHERRI Drive Active | $499,000 List Price | 3 | 2 | 1,683 | $296 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition and has been meticulously maintained by the original owners. While built in 1998, it features several significant updates including granite countertops in the kitchen, painted cabinetry, updated flooring in the dining area, and fresh exterior paint. The bathrooms have been refreshed with modern paint and updated mirrors. The overall quality and lack of deferred maintenance elevate it to the 'good' category despite its age.
Situated just minutes from Gilbert's vibrant Heritage District, the home offers exceptional access to over 30 restaurants, the Hale Centre Theatre, and popular community events.
Meticulously maintained by the original owners, the property features new exterior paint and professional landscaping, ensuring a move-in-ready exterior and long-term value.
The home is located within walking distance (0.22 miles) of Settlers Point Elementary, making it a highly convenient choice for families with young children.
While the home is well-cared for, the 1998 construction date suggests that interior finishes may require modern updates to compete with newer builds in the area.
The 5,436-square-foot lot is relatively compact, which may limit options for significant backyard expansions or large private pool installations.
Lovingly maintained by its original owners, this charming single-story home offers comfort, pride of ownership, and timeless appeal. Take notice to the new exterior paint and meticulas curb appeal, while the beautifully landscaped yard welcomes you with mature plantings and a serene garden fountain—perfect for relaxing mornings or evening gatherings. Ideally located just minutes from downtown Gilbert and close to Single Point Elementary, this is a rare opportunity to own a home that has been truly cared for inside and out! Just minutes away from Gilbert's vibrant Downtown (Heritage District): This walkable area features over 30 restaurants, a popular weekly farmers market, live theater at the Hale Centre Theatre, and numerous community events like ''Gilbert Days''.
No exterior & parking available.
Grades PK-6 • 0.2 mi
Grades 7-8 • 1.3 mi
Grades 8-12 • 3.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 48% |
| Baths | 2.0 | 3.0 | 43% |
| Square foot | 1,655 | 2,089 | 27% |
| Lot Size | 5,436 | 6,743 | 25% |
| Price | $489.9K | $445.0K | 60% |
| Price per sq ft | $296 | $232 | 77% |
| Built year | 1998 | 2001 | 42% |
| HOA | $110 | $140 | 35% |
| Days on market | 65 | 2528 | 1% |
Apr 16, 2026
$489,900
$495,000
-1% Price Drop
Initial Listing
Feb 17, 2026
$495,000
Initial Listing