952 S Banning Street, Gilbert, AZ 85296, Gilbert, 85296 - 3 bed, 2 bath
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Gilbert, AZ 85296
This Move-In Ready Residence is a Strong Value Opportunity, listed at $409,900—positioned well below the $448,748 Fair Market Value by 8%. This valuation gap delivers $38,848 in Instant Equity for the buyer. Boasting a Condition Rating of 3, the home features significant mechanical updates including a new AC (2021) and water heater (2023), alongside a stainless steel kitchen. Located in San Savino near 9/10 rated Higley Elementary, the property offers a private courtyard and community pool access. It is a premier choice for Owner-Occupants or Buy-and-Hold Investors seeking immediate wealth creation in Gilbert.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 952 S Banning Street Subject | $409,900* List Price | 3 | 2 | 1,301 | $345 | - |
A 3782 E JASPER Drive Sold | $404,080 | 3 | 2 | 1,357 | $298 | 1.0 mi |
B 1324 S BANNING Street Sold | $485,000 | 3 | 3 | 1,464 | $331 | 0.4 mi |
C 3060 E SUMMERSET Street Sold | $475,000 | 3 | 3 | 1,321 | $360 | 0.7 mi |
D 950 S TUCANA Lane Active | $400,000 List Price | 3 | 2 | 1,240 | $323 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained, fitting the criteria for a home built approximately 20 years ago with key updates. Significant mechanical improvements include a newly installed AC (2021) and a water heater (2023). The kitchen has been partially modernized with granite countertops, a stainless steel farmhouse sink, and stainless steel appliances. While the oak cabinetry and bathroom fixtures appear original to the 2003 construction, the overall condition shows minimal wear and tear and functional major systems.
Middle School: Higley Elementary School (9/10).
The property features a newly installed AC unit from December 2021 and a water heater replaced in 2023, significantly reducing the risk of immediate capital expenditures for the buyer.
The home is situated in a desirable area with access to top-performing schools, including Higley Elementary with a 9/10 rating and Williams Field High School with an 8/10 rating.
At 1,301 square feet for a three-bedroom home, the living spaces and secondary bedrooms may feel small or restrictive for buyers accustomed to more expansive layouts.
The 3,850 square foot lot is relatively small, which limits private outdoor space and may be a drawback for buyers seeking a large backyard for pets or extensive gardening.
Move-in ready 3bedroom/2bath home in San Savino community. The entrance to the home is through a locking gate w/ a courtyard style area that also welcomes you to the private backyard. The beautiful kitchen has plenty of cabinets, along with stainless steel appliances, & a pantry. AC newly installed in December of '21. Water Heater replaced in 2023. The master bedroom is perfect w/ a large master bath & walk-in closet. Washer & dryer convey to the buyer. The front yard landscaping is maintained by the HOA which also includes a beautiful Community pool & playground.
No exterior & parking available.
Grades 7-8 • 1.0 mi
Grades PK-8 • 1.6 mi
Grades PK-8 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 48% |
| Baths | 2.0 | 3.0 | 43% |
| Square foot | 1,301 | 2,089 | 5% |
| Lot Size | 3,850 | 6,743 | 15% |
| Price | $409.9K | $445.0K | 46% |
| Price per sq ft | $315 | $232 | 86% |
| Built year | 2003 | 2001 | 60% |
| HOA | $170 | $140 | 64% |
| Days on market | 16 | 2527 | 1% |
Apr 6, 2026
$409,900
Initial Listing