948 S BANNING Street, Gilbert, AZ 85296, Gilbert, 85296 - 2 bed, 2 bath
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948 S BANNING Street
Gilbert, AZ 85296
ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,074Sq Ft
3,850Lot Size
Property Price
LIST PRICE$410,000
EST. MARKET VALUE
$391,393
4% AboveMARKET VALUE
SUMMARY
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $410,000—positioned well above the $384,061 Fair Market Value by 6%. While priced slightly above market, the home maintains a Good Condition Rating featuring a remodeled kitchen with quartz countertops and view fencing overlooking a community greenbelt. Located near top-rated schools like Higley Elementary (9/10), this property offers a premium lifestyle in a prime Gilbert location. It is an ideal acquisition for first-time buyers or owner-occupants seeking a move-in ready sanctuary.
Estimated Market Value
$391,393
Based on Realkey algorithm analyzing recent comparable sales in Gilbert.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 948 S BANNING Street Subject | $410,000* List Price | 2 | 2 | 1,074 | $364 | - |
A 952 S Banning Street Sold | $387,200 | 3 | 2 | 1,301 | $298 | 0.0 mi |
B 950 S TUCANA Lane Sold | $385,000 | 3 | 2 | 1,240 | $310 | 0.1 mi |
C 3672 E CONSTITUTION Drive Sold | $415,000 | 3 | 2 | 1,357 | $306 | 1.0 mi |
D 1377 S CHAPARRAL Boulevard Sold | $415,000 | 2 | 2 | 1,233 | $337 | 0.7 mi |
E 2332 E STOTTLER Drive Sold | $448,000 | 3 | 2 | 1,145 | $391 | 1.0 mi |
F 2516 E CAMELLIA Drive Sold | $447,500 | 3 | 2 | 1,433 | $312 | 0.9 mi |
G 1291 S CARDINAL Street Sold | $464,900 | 3 | 2 | 1,433 | $324 | 0.8 mi |
H 3098 E STOTTLER Drive Active | $389,900 List Price | 2 | 2 | 1,145 | $341 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While the property was built in 2003 (21 years old), it qualifies for a Good rating due to significant recent renovations. The listing features a remodeled kitchen with quartz countertops and stainless steel appliances, updated wood-look tile flooring, and a modernized backyard. The HVAC is noted as efficient, and the home is in move-in ready condition, exceeding the 'Fair' criteria for its age group.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Middle School: Higley Elementary School (9/10).
- Prime Location
Situated just minutes from San Tan Village and Agritopia, this property offers exceptional access to Gilbert's premier shopping, dining, and entertainment hubs.
- Modernized Interior
The home features a recently remodeled kitchen with quartz countertops and stainless steel appliances, providing a contemporary, move-in-ready aesthetic for buyers.
CONSRISKS & DEFICIENCIES
- Limited Square Footage
At 1,074 square feet with only two bedrooms, the home's compact footprint may not accommodate growing families or those requiring a dedicated home office.
- Small Lot Size
The 3,850 square foot lot is relatively small, which limits outdoor recreational space and potential for future structural expansions.
About 948 S BANNING Street
Charming 2-bedroom, 2-bath home in Gilbert, AZ, just minutes from San Tan Village and Agritopia. This move-in ready home features an open floor plan with neutral tile, a remodeled kitchen with quartz countertops, stainless steel appliances, and a breakfast nook overlooking the great room. The beautifully updated backyard offers a covered patio, low-maintenance landscaping, and view fencing overlooking the community greenbelt and park. The primary suite includes a walk-in closet and large vanity. The second bedroom opens next to an updated full bath. An attached 2-car garage, laundry room, efficient HVAC, and pride of ownership throughout complete this well maintained home.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2003
- Lot Size
- 3,850 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $170 / Month
Neighborhood Insights
Gilbert Unified Schools
Cooley Middle School
Grades 7-8 • 1.0 mi
7/10
Higley Elementary School
Grades PK-8 • 1.6 mi
9/10
Higley Traditional Academy
Grades PK-8 • 1.9 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,074 | 2,210.986 |
| Lot Size | 3,850 | 7,346.256 |
| Price | $410.0K | $598.8K |
| Price per sq ft | $382 | $280 |
| Built year | 2003 | 2003 |
| HOA | $170 | $224 |
| Days on market | 36 | 71 |
Pricing History
Listed for Sale
Aug 4, 2026
$410,000
Initial Listing