60 W MELODY Drive, Gilbert, AZ 85233, Gilbert, 85233 - 3 bed, 2 bath
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Gilbert, AZ 85233
This Updated Single-Story Residence is a Strong Value Opportunity, listed at $420,000—positioned well below the $441,618 Fair Market Value by 4%. This valuation gap provides $21,618 in Instant Equity. Boasting a Good Condition Rating, the home features a 2023 AC system, Granite Kitchen, and a low-cost Tesla solar lease. Located on a quiet cul-de-sac near Oak Tree Elementary, it balances modern efficiency with a prime location near downtown Gilbert. 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 |
|---|---|---|---|---|---|---|
★ 60 W MELODY Drive Subject | $420,000* List Price | 3 | 2 | 1,404 | $315 | - |
A 504 W SAN REMO Street Sold | $499,900 | 3 | 2 | 1,375 | $364 | 0.7 mi |
B 493 W San Remo Street Sold | $475,000 | 3 | 2 | 1,375 | $345 | 0.7 mi |
C 702 N EVERGREEN Street Sold | $449,900 List Price | 3 | 2 | 1,194 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained, fitting the 'good' criteria. While built in 1990, it has received several key updates including a brand-new AC system (2023), granite countertops, stainless steel appliances, and a renovated primary bathroom. The interior shows minimal wear and tear, and although some features like the oak cabinetry and popcorn ceilings are dated, the major systems are functional and the home has been clearly cared for.
The property features a brand-new AC system installed in 2023 and a leased Tesla solar system with a very low fixed monthly cost of $25, providing significant long-term utility savings.
Situated on a quiet cul-de-sac in a highly desirable neighborhood near downtown Gilbert, the home offers a perfect blend of privacy and proximity to popular dining and entertainment.
The interior boasts an open floor plan with vaulted ceilings, granite countertops, and a recently updated primary bathroom, offering a move-in-ready feel with contemporary finishes.
The solar panels are under a lease agreement rather than being owned outright, which requires the buyer to assume the lease and meet specific provider transfer requirements.
With 1,404 square feet of living space, the home is relatively compact for a three-bedroom layout, which may be a limitation for buyers seeking larger secondary bedrooms or expansive common areas.
Single-story 3 bed, 2 bath home located in a highly desirable neighborhood near downtown Gilbert. Open floor plan with vaulted ceilings, granite countertops, and updated primary bath. Kitchen overlooks spacious living area with wood-burning fireplace and adjacent flex space. Formal dining room. Dual-pane windows and solar screens. 2 covered patios, including one off the primary bedroom. 2-car garage. AC replaced in 2023. Mature citrus and fruit trees, including 2 orange, 1 lemon, 1 tangelo, and 1 pomegranate. Cul-de-sac lot. Leased Tesla solar system (Solar City) with fixed monthly cost of just $25/month.
No exterior & parking available.
Grades PK-6 • 0.6 mi
Grades 8-12 • 3.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 40% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,404 | 1,963 | 7% |
| Lot Size | 6,896 | 7,340 | 42% |
| Price | $420.0K | $210.0K | 50% |
| Price per sq ft | $299 | $100 | 76% |
| Built year | 1990 | 1994 | 15% |
| HOA | $112 | $104 | 55% |
| Days on market | 67 | 2502 | 1% |
Apr 1, 2026
$420,000
Initial Listing