Location, Livability & Investment Potential! Nestled in the heart of Gilbert, this charming 2 bedroom, 2 bathroom home is an incredible opportunity for first-time buyers or savvy investors. With its prime location just minutes from SanTan Village, Loop 202, shopping, dining, and top-rated schools, this home offers unbeatable convenience and lifestyle perks. Step inside to find a bright, open layout with stylish wood floors, vaulted ceilings, and a cozy double-sided fireplace that warms both the living and dining spaces. The spacious kitchen is complete with stainless steel appliances, granite counters, and rich cabinetry—perfect for cooking or entertaining. Upstairs, enjoy an abundance of natural light and direct access to a private balcony ideal for morning coffee or evening relaxation. The generously sized backyard is a blank canvas with endless potential plenty of space to build your dream outdoor retreat. Whether you're looking to settle into your first home or expand your rental portfolio, this home checks all the boxes: location, layout, and long-term value. Don't miss your chance to own in one of Gilbert's most desirable neighborhoods!
This one won't last!
For sale
Price cut: $20K (12/3)
$385,000
1281 E Frances Ln, Gilbert, AZ 85295
2beds
1,615sqft
Est.:
Single Family Residence
Built in 2004
5,750 Square Feet Lot
$-- Zestimate®
$238/sqft
$96/mo HOA
What's special
- 68 days |
- 2,002 |
- 128 |
Likely to sell faster than
Zillow last checked: 8 hours ago
Listing updated: December 03, 2025 at 08:24am
Listed by:
Kara M Beecroft 602-377-4141,
The Ave Collective
Source: ARMLS,MLS#: 6930362

Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Natural Gas
Cooling
- Central Air
Features
- Double Vanity, Upstairs, Eat-in Kitchen, Full Bth Master Bdrm, Separate Shwr & Tub
- Has basement: No
Interior area
- Total structure area: 1,615
- Total interior livable area: 1,615 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Stories: 1
- Spa features: None
- Fencing: Block
Lot
- Size: 5,750 Square Feet
- Features: Desert Front, Dirt Back
Details
- Parcel number: 30446124
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Stucco, Block
- Roof: Tile
Condition
- Year built: 2004
Utilities & green energy
- Sewer: Public Sewer
- Water: City Water
Community & HOA
Community
- Features: Playground, Biking/Walking Path
- Subdivision: SPECTRUM AT VAL VISTA
HOA
- Has HOA: Yes
- Services included: No Fees
- HOA fee: $287 quarterly
- HOA name: Villa Lante
- HOA phone: 480-726-8080
Location
- Region: Gilbert
Financial & listing details
- Price per square foot: $238/sqft
- Tax assessed value: $383,000
- Annual tax amount: $1,363
- Date on market: 10/3/2025
- Cumulative days on market: 64 days
- Listing terms: Cash,Conventional,1031 Exchange,FHA,VA Loan
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/3/2025 | Price change | $385,000-4.9%$238/sqft |
Source: | ||
| 11/10/2025 | Price change | $405,000-5.1%$251/sqft |
Source: | ||
| 10/23/2025 | Price change | $426,900-4.9%$264/sqft |
Source: | ||
| 10/7/2025 | Listed for sale | $449,000$278/sqft |
Source: | ||
| 9/22/2025 | Sold | $449,000$278/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,324 -0.9% | $38,300 +129% |
| 2023 | $1,336 +0.2% | $16,724 -29.5% |
| 2022 | $1,333 -3.4% | $23,730 +4.8% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,253/mo
Principal & interest
$1890
Home insurance
$135
Other costs
$228
Climate risks
Neighborhood: Spectrum
Nearby schools
GreatSchools rating
- 6/10Spectrum Elementary SchoolGrades: PK-6Distance: 0.5 mi
- 8/10Campo Verde High SchoolGrades: 8-12Distance: 0.9 mi
- 8/10South Valley Jr. High SchoolGrades: 7-8Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: Spectrum Elementary
- Middle: South Valley Jr. High
- High: Gilbert High School
- District: Gilbert Unified District
Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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