851 W PALO VERDE Street, Gilbert, AZ 85233, Gilbert, 85233 - 4 bed, 2 bath
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Gilbert, AZ 85233
This Spacious Single-Story Ranch is listed at $544,500, representing a stable acquisition aligned with its $505,783 Fair Market Value. Boasting a Condition Rating of 4, the residence is move-in ready and features significant mechanical upgrades, including a new AC (2023) and new water heater (2026). The functional 1,908 sqft layout offers four bedrooms, formal living areas, and a large backyard with a patio. Located in a prime Gilbert neighborhood near Islands Elementary, this home is an ideal match for Owner-Occupants or first-time buyers seeking immediate comfort and long-term stability.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 851 W PALO VERDE Street Subject | $490,000* List Price | 4 | 2 | 1,908 | $257 | - |
A 638 W Sierra Madre Avenue Sold | $540,000 | 3 | 2 | 2,058 | $262 | 0.3 mi |
B 568 S GOLDEN KEY Street Sold | $480,000 List Price | 4 | 3 | 2,018 | 0.6 mi | |
C 201 W SMOKE TREE Road Sold | $430,000 | 4 | 2 | 2,014 | $214 | 0.9 mi |
D 590 S NEELY Street Sold | $539,000 | 4 | 2 | 2,123 | $254 | 0.8 mi |
E 354 S BAY SHORE Boulevard Sold | $505,000 | 3 | 2 | 1,582 | $319 | 0.7 mi |
F 1334 W SEASHORE Drive Sold | $399,998 List Price | 3 | 2 | 1,852 | 0.6 mi | |
G 1231 W SANDMAN Drive Sold | $525,000 | 4 | 3 | 2,282 | $230 | 0.4 mi |
H 501 W SERENO Drive Sold | $469,000 | 3 | 2 | 1,424 | $329 | 0.7 mi |
I 495 W FABENS Lane Active Under Contract | $490,000 List Price | 4 | 2 | 2,056 | $238 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is exceptionally clean and move-in ready with significant recent mechanical upgrades, including a new AC (2023) and water heater (2026), along with fresh interior paint and new carpeting. However, it is classified as 'fair' because the core aesthetic components—specifically the kitchen and likely the bathrooms—remain in their original 1994 state. The kitchen features dated oak cabinetry, laminate countertops, and older white appliances, which show signs of being outdated despite being functional. It perfectly matches the criteria for a home built 25-40 years ago that has been maintained through regular upkeep but lacks a full modern renovation.
The property features a new AC unit installed in 2023 and a new water heater in 2026, significantly reducing immediate capital expenditure and maintenance concerns for the buyer.
This spacious 1,908 sqft ranch-style home offers a highly desirable floor plan with four bedrooms, formal living and dining areas, and an open kitchen concept perfect for families.
Located in the established Dave Brown Unit 5 subdivision, the home is within walking distance to a neighborhood play park and offers easy access to Gilbert's local amenities.
The invitation to 'bring your personal touch' suggests that the interior finishes may be dated, likely requiring additional investment for modern aesthetic upgrades.
The assigned middle and high schools carry a rating of 4, which may be a drawback for families specifically seeking the top-tier academic performance often found in other Gilbert districts.
Don't miss this incredible opportunity to own a beautiful single-level 4-bedroom home in a prime Gilbert location! Offering the perfect blend of comfort, convenience, and value, this home features a spacious layout ideal for both everyday living and entertaining. Featuring formal living & dining rooms, a bright breakfast nook, and open-concept kitchen perfect for entertaining. Oversized owner's suite includes a garden tub, separate shower, and private bath. Enjoy skylights, ceiling fans throughout, expanded tile flooring, indoor laundry, and a large backyard ready for your personal touch. RECENT UPDATES include NEW water heater (2026), AC replaced in 2023, plus newer interior & exterior paint.
No exterior & parking available.
Grades PK-6 • 0.9 mi
Grades 6-8 • 0.8 mi
Grades 8-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,908 | - |
| Lot Size | 6,290 | - |
| Price | $490.0K | $554.5K |
| Price per sq ft | $257 | $287 |
| Built year | 1994 | 0 |
| HOA | $41 | $0 |
| Days on market | 132 | 2717 |
Jul 2, 2026
$490,000
$508,500
-4% Price Drop
Initial Listing
Jun 17, 2026
$508,500
$523,500
-3% Price Drop
Initial Listing
May 28, 2026
$523,500
$524,500
+0% Price Increase
Initial Listing
Apr 23, 2026
$524,500
$544,500
-4% Price Drop
Initial Listing
Mar 12, 2026
$544,500
Initial Listing