629 E ORCHID Lane, Gilbert, AZ 85296, Gilbert, 85296 - 4 bed, 3 bath
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Gilbert, AZ 85296
This Updated Multi-Generational Residence is a High-Potential Investment Opportunity, with a List Price of $700,000—positioned well below the $1,019,522 Fair Market Value by 31%. This significant valuation gap provides $319,522 in Instant Equity for buyers. Boasting a Move-In Ready Condition Rating, the home features a New HVAC System, Paid Solar, and a Private Pool overlooking a lush greenbelt. With a functional main-floor bedroom and proximity to Downtown Gilbert, this property perfectly balances lifestyle luxury with massive financial upside. It is an exceptional 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 |
|---|---|---|---|---|---|---|
★ 629 E ORCHID Lane Subject | $685,000* List Price | 4 | 3 | 3,023 | $252 | - |
A 240 E GAIL Court Sold | $575,000 | 4 | 3 | 2,439 | $236 | 0.5 mi |
B 240 E Gail Court Sold | $575,000 | 4 | 3 | 2,439 | $236 | 0.5 mi |
C 462 E PINTO Drive Sold | $599,000 | 4 | 2 | 2,310 | $259 | 1.0 mi |
D 486 E WINDSOR Drive Pending | $699,900 List Price | 5 | 3 | 3,211 | $218 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained with several significant recent updates. Key improvements include a brand-new HVAC system, paid-for solar panels, updated LVP flooring, and new carpeting in the bedrooms. While the home was built in 1998, the kitchen and bathrooms have been refreshed with granite countertops and modern light fixtures. The overall condition is elevated by the functional layout and the high-quality outdoor living space featuring a pool and fire pit, though some original elements like the kitchen cabinetry and floor tiles remain.
The property features a brand-new HVAC system and fully paid-for solar panels, offering significant utility savings and peace of mind for buyers in the Arizona climate.
With a full bedroom and bathroom on the main floor, a spacious loft, and a three-car garage, the layout is exceptionally functional for multi-generational living or a private home office.
Situated directly across from a large greenbelt and just minutes from the dining and entertainment of Downtown Gilbert, the home offers both open views and urban convenience.
Built in 1998, the home may soon require maintenance or replacement of original structural components, such as the roof or plumbing, that fall outside of the recent cosmetic updates.
The assigned public schools currently hold moderate ratings (6-7), which may be a drawback for families specifically seeking the highest-rated districts in the Gilbert area.
This beautifully updated 4 bedroom, 3 bathroom home with a spacious loft offers the perfect blend of comfort, functionality, and location. Thoughtfully designed with a full bedroom and bathroom on the main floor, the layout is ideal for guests, multi generational living, or a private home office. The kitchen features an abundance of cabinetry, granite countertops, and generous prep space that flows seamlessly into the main living areas. Granite continues throughout the bathrooms, while new carpet in all bedrooms, updated LVP flooring, and modern light fixtures bring a fresh and elevated feel to the entire home. Built in audio throughout the house adds an extra layer of convenience for entertaining or everyday living. Step outside to the full length covered patio with ceiling fans provides the perfect shaded space to relax while overlooking the stunning pool with a water feature and low maintenance landscaping. A brand new HVAC system keeps the home comfortable through the summer months, while paid for solar helps keep energy costs down. The 3 car garage offers plenty of room for vehicles and storage, and the home sits directly across from a large greenbelt giving you open space right outside your door. Located just minutes from Downtown Gilbert and around the corner from Gilbert Town Square with restaurants, a movie theater, bowling, and entertainment, this home offers the ideal combination of modern updates and an unbeatable location.
No exterior & parking available.
Grades PK-6 • 0.5 mi
Grades 7-8 • 0.7 mi
Grades 8-12 • 3.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,023 | 2,089.5 | 81% |
| Lot Size | 7,383 | 6,821 | 55% |
| Price | $685.0K | $445.0K | 85% |
| Price per sq ft | $227 | $229 | 50% |
| Built year | 1998 | 2001 | 42% |
| HOA | $210 | $140 | 69% |
| Days on market | 41 | 2528 | 1% |
Apr 19, 2026
$685,000
$700,000
-2% Price Drop
Initial Listing
Mar 13, 2026
$700,000
Initial Listing