938 N EVERGREEN Court, Gilbert, AZ 85233, Gilbert, 85233 - 3 bed, 2 bath
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Gilbert, AZ 85233
This Value-Add Residential Asset is a Strong Value Opportunity, listed at $415,000—positioned well below the $440,000 Fair Market Value by 6%. This valuation gap offers $25,000 in Instant Equity for buyers. While holding a Condition Rating of 4 due to necessary cosmetic updates, the home features a New Roof, New A/C, and a Large 8,364 Sqft Lot with an RV Gate and No HOA. Located near Oak Tree Elementary, it perfectly suits Owner-Occupants seeking sweat equity or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 938 N EVERGREEN Court Subject | $425,000* List Price | 3 | 2 | 1,323 | $306 | - |
A 504 W SAN REMO Street Sold | $499,900 | 3 | 2 | 1,375 | $364 | 0.4 mi |
B 225 W PRINCETON Avenue Sold | $440,000 | 4 | 2 | 1,593 | $276 | 0.2 mi |
C 20 W SAN REMO Street Active | $465,600 List Price | 3 | 2 | 1,534 | $304 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1982 (>40 years old) and explicitly listed as needing cosmetic repairs. While the property benefits from a new roof and HVAC system, the interior features dated tile, popcorn ceilings, and older cabinetry that require modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8364, living area = 1323.
The property features a brand-new A/C system and a new roof, significantly reducing immediate capital expenditure and providing long-term peace of mind for the buyer.
Priced at $415,000 with a recent appraisal of $440,000, this home offers a rare opportunity for buyers to secure $25,000 in immediate equity upon purchase.
The home requires cosmetic updates throughout, which may deter buyers looking for a move-in-ready property and will necessitate an additional budget for renovations.
Built in 1982, the home may feature dated architectural elements or original finishes that lack the modern aesthetic and energy efficiencies found in newer Gilbert developments.
APPRAISED FOR $440k NO HOA, NEW ROOF, NEW A/C, NEW INTERIOR AND EXTERIOR PAINT 3 bed / 2 bath on a cul-de-sac with a functional layout, spacious bedrooms, large backyard, and detached garage. RV Gate with beautiful backyard with grass and thoughtful landscaping. Welcoming and bright eat in kitchen with all appliances. Washer dryer, Gas grill and storage shed will convey!
No exterior & parking available.
Grades PK-6 • 0.5 mi
Grades 8-12 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 40% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,323 | 1,963 | 4% |
| Lot Size | 8,364 | 7,423 | 67% |
| Price | $425.0K | $212.5K | 50% |
| Price per sq ft | $321 | $100 | 85% |
| Built year | 1982 | 1994 | 4% |
| HOA | $0 | $102 | 7% |
| Days on market | 56 | 2502 | 1% |
May 24, 2026
$425,000
$415,000
+2% Price Increase
Initial Listing
Apr 11, 2026
$415,000
Initial Listing