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 | $523,500* List Price | 4 | 2 | 1,908 | $252 | - |
A 638 W Sierra Madre Avenue Sold | $540,000 | 3 | 2 | 2,058 | $262 | 0.3 mi |
B 510 W Amoroso Drive Sold | $545,000 | 4 | 2 | 1,942 | $281 | 0.9 mi |
C 568 S GOLDEN KEY Street Sold | $480,000 List Price | 4 | 3 | 2,018 | 0.6 mi | |
D 201 W SMOKE TREE Road Sold | $430,000 | 4 | 2 | 2,014 | $214 | 0.9 mi |
E 380 W SMOKE TREE Road Sold | $581,000 List Price | 4 | 2 | 1,642 | 0.7 mi | |
F 604 W ORCHARD Way Sold | $485,000 | 4 | 2 | 1,717 | $282 | 0.5 mi |
G 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 The kitchen features dated oak cabinetry, laminate countertops, and older white appliances, which show signs of being outdated despite being functional.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.
🚨 HOT OFF THE PRESS! 05/27/26!! Seller NOW offering up to 3% toward buyer's closing costs with a reasonable offer!* Hard to find single level home* Spacious 4-bedroom single-story ranch home in Gilbert 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. Great location near the neighborhood park -- this home has the space, updates, and potential you've been looking for! EXCELLENT VALUE FOR THIS GI
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,908 | 1,963 | 47% |
| Lot Size | 6,290 | 7,340 | 30% |
| Price | $523.5K | $215.0K | 64% |
| Price per sq ft | $274 | $100 | 63% |
| Built year | 1994 | 1994 | 50% |
| HOA | $41 | $102 | 15% |
| Days on market | 87 | 2502 | 1% |
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