626 W SHERRI Drive, Gilbert, AZ 85233, Gilbert, 85233 - 3 bed, 2 bath
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Gilbert, AZ 85233
This Move-In Ready Value Buy represents a Prime Investment Opportunity, with a List Price of $470,000—positioned well below the $708,671 Fair Market Value by 33%. This significant valuation gap offers $238,671 in Instant Equity. The property holds a Condition Score of 3, featuring new luxury vinyl plank flooring and fresh interior paint, while the No HOA Restrictions and RV gate provide rare lifestyle freedom. Located near Downtown Gilbert, this home is an exceptional acquisition for Owner-Occupants or Buy-and-Hold Investors seeking immediate equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 626 W SHERRI Drive Subject | $470,000* List Price | 3 | 2 | 1,719 | $412 | - |
A 286 W GAIL Drive Sold | $511,200 | 3 | 2 | 1,464 | $349 | 0.5 mi |
B 143 W JASPER Drive Sold | $470,000 | 3 | 2 | 1,640 | $287 | 0.6 mi |
C 518 S QUAIL Lane Sold | $375,000 List Price | 3 | 2 | 1,642 | 0.8 mi | |
D 518 S QUAIL Lane Sold | $510,000 List Price | 3 | 2 | 1,642 | 0.8 mi | |
E 861 W SHELLFISH Drive Sold | $550,000 | 3 | 3 | 1,704 | $323 | 0.4 mi |
F 613 W TARA Court Pending | $514,500 List Price | 3 | 2 | 1,564 | $329 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and benefits from significant recent cosmetic updates, including brand-new luxury vinyl plank flooring throughout and fresh interior paint. While the kitchen and bathrooms feature dated oak cabinetry, older countertops, and 'Hollywood' style light fixtures consistent with its 1988 construction, the home appears very well-maintained with no visible deferred maintenance. The exterior and interior systems appear functional, and the recent updates provide a clean, contemporary feel that bridges the gap between its original build date and modern standards.
The absence of a Homeowners Association offers homeowners significant freedom and eliminates monthly fees, a rare and highly sought-after feature in the Gilbert area.
The home is move-in ready with brand new luxury vinyl plank flooring throughout and fresh interior paint, providing a clean and contemporary aesthetic.
Featuring an RV gate, an attached carport, and three dedicated storage sheds, the property is perfectly equipped for those with extra vehicles, tools, or outdoor hobbies.
The property features a carport rather than a traditional enclosed garage, which may be a drawback for buyers seeking more secure vehicle storage or protection from the elements.
While the elementary and middle schools are well-rated, the assigned high school has a lower rating, which could impact long-term resale value for families.
If you've been waiting for a move-in ready home without HOA restrictions... this is it! This 3-bedroom + den, 2-bath home offers a functional layout with space to live, work, and unwind. Inside, you'll find brand new luxury vinyl plank flooring throughout (no carpet anywhere) and fresh interior paint, giving the home a clean feel from the moment you walk in. Outside, you'll find an RV gate and attached carport, perfect for storing those toys and extra cars, along with 3 storage sheds for your tools, hobbies, and seasonal storage. Located just minutes from Downtown Gilbert, shopping, dining, and all the conveniences the East Valley is known for, this home blends comfort, updates, and hard-to-find freedom--all in one. If you've been waiting for a move-in ready home without HOA restrictions... this is it.
No exterior & parking available.
Grades PK-6 • 1.3 mi
Grades 7-8 • 2.1 mi
Grades 8-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 45% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,719 | 1,952.5 | 39% |
| Lot Size | 6,922 | 7,141.5 | 49% |
| Price | $470.0K | $446.0K | 55% |
| Price per sq ft | $273 | $233 | 64% |
| Built year | 1988 | 1994 | 14% |
| HOA | $0 | $101 | 11% |
| Days on market | 32 | 2273 | 1% |
Mar 21, 2026
$470,000
Initial Listing