725 W PALO VERDE Street, Gilbert, AZ 85233, Gilbert, 85233 - 5 bed, 3 bath
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Gilbert, AZ 85233
This Remodeled Non-HOA Residence is a High-Potential Investment Opportunity, listed at $599,900—positioned well below the $683,402 Fair Market Value by 12%. This valuation gap provides $83,502 in Instant Equity. Boasting an Excellent Condition Rating, the home features a new roof (2024), new AC (2026), and a resort-style backyard with a heated pool and adobe fireplace. Despite moderate school ratings, the five-bedroom layout and lack of restrictive covenants offer immense flexibility. This is an ideal acquisition for Owner-Occupants seeking a turnkey lifestyle or Buy-and-Hold Investors targeting high-demand rentals.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 725 W PALO VERDE Street Subject | $599,900* List Price | 5 | 3 | 2,501 | $273 | - |
A 602 W RAWHIDE Avenue Sold | $655,000 | 5 | 3 | 2,554 | $256 | 0.3 mi |
B 1231 W SANDMAN Drive Sold | $525,000 | 4 | 3 | 2,282 | $230 | 0.6 mi |
C 507 W SIERRA MADRE Avenue Sold | $560,000 | 4 | 3 | 2,182 | $257 | 0.3 mi |
D 507 W Sierra Madre Avenue Sold | $560,000 | 4 | 3 | 2,182 | $257 | 0.3 mi |
E 846 W STRAFORD Avenue Sold | $540,000 | 4 | 3 | 2,146 | $252 | 0.6 mi |
F 52 N BIRCH Street Sold | $595,000 | 4 | 3 | 1,963 | $303 | 0.7 mi |
G 648 S CHOLLA Street Active | $745,000 List Price | 5 | 3 | 2,781 | $268 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone an extensive recent renovation that brings it up to modern standards. Key upgrades include a new roof (2024), a brand-new AC unit (2026), and fresh interior/exterior paint. The interior features high-quality luxury vinyl flooring throughout, a completely remodeled kitchen with quartz countertops and white shaker cabinets, and designer bathrooms with custom glass tile showers and contemporary fixtures. These comprehensive updates to both major systems and cosmetic finishes qualify the home for an excellent condition rating.
The property features a brand-new roof installed in 2024 and a new AC unit from 2026, significantly reducing immediate capital expenditure and improving energy efficiency.
Being a non-HOA property in the heart of Gilbert offers homeowners rare freedom from monthly fees and restrictive covenants, ideal for those seeking more autonomy.
The backyard is a resort-style retreat featuring a gated heated pool, fire pit, built-in seating, and an adobe fireplace, perfect for year-round Arizona entertaining.
The assigned elementary, middle, and high schools all carry a rating of 4, which may be a concern for families prioritizing high-performing educational districts.
With a 2,501 sqft home and extensive hardscaping on a 5,990 sqft lot, the property lacks traditional grassy yard space and may feel somewhat crowded.
Beautifully remodeled 5-bedroom, 3-bathroom NON HOA home in the heart of Gilbert with a private POOL! Featuring brand-new luxury vinyl flooring, white cabinets, and gorgeous quartz countertops The fresh interior and exterior paint, open layout creates a seamless flow between the living spaces, perfect for entertaining or everyday living. The spacious primary suite is complete with dual sinks, a walk-in custom glass tile shower, and plenty of natural light. Each additional bedroom is generously sized, offering flexibility for families, guests, or a home office setup. Backyard perfect for entertaining, gated heated pool, fire pit, built in seating, built in table and adobe fireplace. 1 Brand NEW AC installed 03/26. New ROOF 2024
No exterior & parking available.
Grades PK-6 • 0.8 mi
Grades 6-8 • 0.7 mi
Grades 8-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 86% |
| Baths | 3.0 | 2.0 | 56% |
| Square foot | 2,501 | 1,963 | 73% |
| Lot Size | 5,990 | 7,141.5 | 26% |
| Price | $599.9K | $446.0K | 78% |
| Price per sq ft | $240 | $233 | 51% |
| Built year | 1991 | 1994 | 29% |
| HOA | $0 | $101 | 11% |
| Days on market | 27 | 2273 | 1% |
Mar 26, 2026
$599,900
Initial Listing