by Lee Lin
For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Gilbert 85297 San Tan Ranch
3228 E SANDY Way
Photo of 3228 E SANDY Way
Sold on Aug 21, 2026

51

Map

Photo of 3228 E SANDY Way
Photo of 3228 E SANDY Way
$480,000
● House - Off Market

3228 E SANDY Way

Gilbert, AZ 85297
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,525 Ft²
$2,757
Est. Monthly
$146
HOA / Fees

About This Property

Private, resort-style living at its best. This beautifully updated home features a heated pool and an entertainer's backyard complete with an outdoor TV--perfect for relaxing in a private setting with no 2 story homes behind or beside. Ideally positioned with north/south exposure, plus an RV gate and a new roof installed in 2022 with a 10-yr warranty. Fresh exterior paint on the home and surrounding fence adds to the curb appeal. Inside, the open split floorplan offers 3 spacious bedrooms, a versatile den/office, and 2 stylishly updated bathrooms. Enjoy new tile, new toilets, a redesigned primary shower with a modern barn door, fresh interior paint, new baseboards, and tile in all the right places. All of this in a highly desirable, convenient location. This home has served as a very... successful long-term rental and owner is open-minded to selling home furnished.  Owner agent
Unit Size
1,525 Ft²
Days on Market
98 days
Land Size
0.14 acres
Price per sqft
$328
Property Type
House
Property Taxes
$155
HOA Dues
$146
Year Built
2001

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 30 days ago (ARMLS #7023013)

Price History

Date / Event Date Event Price
Aug 21, 2026 Sold
Premium
Sold
Jul 24, 2026 In contract -
In contract
Jun 23, 2026 Price Decreased $499,900
↓ $15K (2.9%)
Price Decreased
May 30, 2026 Price Decreased $515,000
↓ $15K (2.8%)
Price Decreased
May 4, 2026 Listed by eXp Realty $529,900
Listed by eXp Realty
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 4
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 38
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 6,102
  • Total Building Area: 1,525
  • Gross Building Area: 1,525
  • Building Area: 1,525
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 10
  • Heating: 24
  • Heated Square Feet: 1,525
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SAN TAN RANCH PARCEL 5
  • Land Acres: 0000000140
  • Standard Land Use Code: 1001
  • County Land Use Code: 0131
  • State Land Use Code: 0131
  • Legal Description 1: SAN TAN RANCH PARCEL 5 MCR 480-33

Neighborhood

  • School District Name: Higley Unified District
  • Census Tract: 815700

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: 48033
  • Parcel: 304-51-729
  • Lot: 90
  • Meridian: SEC 2 TWN 2S RNG 6E
  • Municipality: GILBERT
  • Latitude: 33.2879
  • Longitude: -111.72

    Address

  • Full Address: 3228 E Sandy Way
  • Address - House Number: 3228
  • Street Direction: E
  • Address - Street Name: Sandy
  • Address - Suffix Type: Way
  • State: AZ
  • City Name: Gilbert
  • Carrier Code: R109
  • 4-Digit Zip Code: 9311
  • Zip Code: 85297

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $165,390
  • Tax Rate Code Area: 600605

    Appraisal Valuation

  • Standard Deviation: 0.1353
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 84
  • Final Value: 491,694
  • High Value: 558,237
  • Low Value: 425,150

    Market Valuation

  • Market Total Value: $357,700
  • Market Land Value: $71,500
  • Market Improvement Value: $286,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $35,770
  • Assessed Land Value: $7,150
  • Assessed Improvements Value: $28,620

    Sales

  • Current Sale Contract Date: Aug 23, 2022
  • Current Sale Recording Date: Aug 26, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 670647
  • Previous Sale Recording Date: Jun 07, 2011
  • Previous Sale Contract Date: May 17, 2011
  • Previous Sale Amount: $130,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About San Tan Ranch

Stats & Trends

Median Asking:

$530,000

Sale Price/ft²

$279

Below Asking

0.02%

Average Days on Market

71

Average Home Size

1971 ft²

Average Home Age

26 years

Currently For Sale

10 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 3288 E Devonshire Avenue, Gilbert, AZ, 85297

$8,800 /mo

  • 5 Beds
  • 3 Baths
  • 3,593 ft²
3288 E Devonshire Avenue, Gilbert, AZ, 85297 Listing by Judith Crane
Unit for rent at 4212 E Vest Avenue, Gilbert, AZ, 85295

$4,200 /mo

  • 3 Beds
  • 3 Baths
  • 1,486 ft²
4212 E Vest Avenue, Gilbert, AZ, 85295 Listing by Brenda Baca
Unit for rent at 4060 E Vest Avenue, Gilbert, AZ, 85295

$2,150 /mo

  • 3 Beds
  • 3 Baths
  • 1,486 ft²
4060 E Vest Avenue, Gilbert, AZ, 85295 Listing by Adam Coburn

Rentals Near You

Click here to view more rentals in the neighborhood.
ARMLS

Listed by: Brian R Thompson, eXp Realty
Last Updated: 30 days ago
Data Source: ARMLS, MLS# 7023013
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 3228 East Sandy Way built and last sold?
The property at 3228 East Sandy Way was built in 2001 and last sold on Aug 23, 2022 for $522,500.
How much is this home worth?
The estimated value of the home located at 3228 East Sandy Way is $531,036.
What are some comparable homes to 3228 East Sandy Way?
There are currently no comparable homes to 3228 East Sandy Way.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Gilbert Homes for Sale
Gilbert Houses for Sale
Gilbert Condos for Sale
Gilbert Townhouses for Sale
Gilbert Land for Sale
Gilbert Commercial for Sale
Gilbert Homes with Basements
Gilbert Homes with Pools
Nearby Cities
Mesa Homes for Sale
Chandler Homes for Sale
San Tan Valley Homes for Sale
Tempe Homes for Sale
Queen Creek Homes for Sale
Apache Junction Homes for Sale
Paradise Valley Homes for Sale
Sun Lakes Homes for Sale
Nearby Property Records
Maricopa County, AZ Property Records
Pinal County, AZ Property Records
Gila County, AZ Property Records
Pima County, AZ Property Records
Yavapai County, AZ Property Records
Graham County, AZ Property Records
Santa Cruz County, AZ Property Records
La Paz County, AZ Property Records
Neighborhoods
Sun Lakes Real Estate
McCormick Ranch Real Estate
Downtown Scottsdale Real Estate
Scottsdale Ranch Real Estate
Dobson Ranch Real Estate
Power Ranch Real Estate
Apache Wells Real Estate
The Groves Real Estate
Top Real Estate Agents
Top Agents in San Tan Ranch
Top Agents in Gilbert
Top Agents in Mesa
Top Agents in Chandler
Top Agents in San Tan Valley
Top Agents in Tempe
Top Agents in 85142
Top Agents in 85251