607 E ELGIN Street, Gilbert, AZ 85295, Gilbert, 85295 - 5 bed, 4 bath
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607 E ELGIN Street
Gilbert, AZ 85295
ACTIVE
CONDITION: EXCELLENT
5Beds
4Baths
4,462Sq Ft
12,468Lot Size
Property Price
LIST PRICE$1,399,000
EST. MARKET VALUE
$1,189,877
17% AboveMARKET VALUE
SUMMARY
This Stunning Move-In Ready Home is listed at $1,450,000, reflecting a premium valuation above its $1,208,257 Fair Market Value. Despite the price, the property offers an Excellent Condition Rating with over $600K in high-end upgrades, including a Resort-Style Backyard with a heated pool and spa, and a Chef's Kitchen. The rare Basement Layout provides exceptional utility for multi-generational living. Located near top-rated schools like Spectrum Elementary, this residence is a premier lifestyle choice for discerning luxury buyers or multi-generational families seeking a turnkey, high-performance property.
Estimated Market Value
$1,189,877
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 |
|---|---|---|---|---|---|---|
★ 607 E ELGIN Street Subject | $1,399,000* List Price | 5 | 4 | 4,462 | $267 | - |
A 1002 E PARKVIEW Drive Sold | $1,015,000 | 5 | 4 | 4,271 | $238 | 0.6 mi |
B 654 E HAMPTON Court Pending | $1,074,900 List Price | 6 | 4 | 4,011 | $268 | 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.
Although built in 2004, the property has undergone over $600K in high-end upgrades, including a modern chef's kitchen with quartz countertops and a fully renovated master bath. The home is in mint condition with a resort-style backyard and updated systems like a 2-stage whole-home water system, meeting the criteria for a recent major renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Resort-Style Backyard
Featuring over $600K in upgrades, the outdoor space is a premier entertainment hub with a heated pool, spa, built-in BBQ, gas fireplace, and motorized shade systems.
- Multi-Generational Living
The rare basement layout includes a full kitchen, large living area, and two bedrooms, providing a completely self-contained space for guests or extended family.
- High-End Chef's Kitchen
The open-concept kitchen is equipped with premium quartz countertops, a large central island, double ovens, and an upgraded GE gas cooktop for a professional cooking experience.
CONSRISKS & DEFICIENCIES
- Premium Price Point
Listed at $1.45M, the property is positioned at the top of the market for a 2004 build, which may face competition from newer luxury constructions in the area.
- Recurring HOA Expenses
The $432 association fee adds a significant recurring cost to the monthly carrying budget compared to other residential neighborhoods in Gilbert.
About 607 E ELGIN Street
Welcome home to this spacious basement home in the highly desirable Vintage Ranch neighborhood, featuring over $600K in upgrades and an incredible private resort-style backyard.The backyard is an entertainer's dream, featuring a heated pool and spa with beautiful water features, built-in BBQ, pergola for additional shade, gorgeous pavers, gas fireplace, electric shade, and retractable awning--the perfect setting for relaxing and entertaining year-round.Inside, the open-concept chef's kitchen features a gorgeous quartz island, beautiful cabinetry, double ovens, and upgraded GE gas cooktop, opening to the family room. The split floor plan offers a spacious owner's suite with bi-parting doors leading to the backyard and a beautifully upgraded bath with a walk-in shower, jetted tub, and oversized closet with its own private washer and dryer.The basement offers a huge open living area, two bedrooms, full bathroom, and kitchen, ideal for guests or multi-generational living. The home also features a 2-stage whole-home water system. See the Documents Section for a complete list of additional upgrades and features.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2004
- Lot Size
- 12,468 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $432 / Month
Neighborhood Insights
Gilbert Unified Schools
Spectrum Elementary School
Grades PK-6 • 0.9 mi
7/10
Quartz Hill Elementary School
Grades K-6 • 1.3 mi
7/10
South Valley Jr. High School
Grades 7-8 • 1.1 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 4,462 | 2,210.986 |
| Lot Size | 12,468 | 7,346.256 |
| Price | $1.40M | $598.8K |
| Price per sq ft | $314 | $280 |
| Built year | 2004 | 2003 |
| HOA | $432 | $224 |
| Days on market | 21 | 71 |
Pricing History
Listed for Sale
Aug 27, 2026
$1,399,000
$1,450,000
-4% Price Drop
Initial Listing
Price Change
Aug 19, 2026
$1,450,000
Initial Listing