1281 E FRANCES Lane, Gilbert, AZ 85295 (MLS# 6858648)

1281 E FRANCES Lane, Gilbert, AZ 85295

$449,000

Property Type: Residential Bedrooms: 2 Baths: 2.5 Square Footage: 1,615 Lot Size (sq. ft.): 5,740 Status: Closed

Current Price: $449,000 Last Modified: 4/05/2026

Description

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

Supplements: relaxation. The generously sized backyard is a blank canvas with endless potentialplenty 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!

More Information MLS# 6858648

Contract Information

Type: Exclusive Right To Sell Ownership: Fee Simple Co-Ownership (Fractional) Agreement YN: No Sold Price: $449,000 Status: Closed Current Price: $449,000 List Date: 2025-04-29

Location, Tax & Legal

Assessor's Map #: 46 Legal Description (Abbrev): LOT 103 SPECTRUM AT VAL VISTA PARCEL 22 MCR 069135 Assessor's Parcel #: 124 Tax Municipality: Gilbert Taxes: 1363 House Number: 1281 Compass: E Street Name: FRANCES St Suffix: Lane City/Town Code: Gilbert State/Province: AZ Zip Code: 85295 Zip4: 8396 County Code: Maricopa Assessor Number: 304-46-124 Subdivision: SPECTRUM AT VAL VISTA PARCEL 22 Tax Year: 2024

General Property Description

Dwelling Styles: Detached # of Interior Levels: 2 Full Bathrooms: 2 Half Bathrooms: 1 Approx SQFT: 1615 Price/SqFt: 278.01 Approx Lot SqFt: 5740 Approx Lot Acres: 0.132 Horses: N Builder Name: UNK Elementary School District: Gilbert Unified District High School District: Gilbert Unified District Elementary School: Spectrum Elementary Jr. High School: South Valley Jr. High High School: Campo Verde High School Community Pool Y/N: No Private Pool Y/N: No Fireplace YN: Yes Fireplaces Total: 1 Dwelling Type: Single Family Residence Exterior Stories: 1 # Bedrooms: 2 Total Bathrooms: 2.5 Year Built: 2004

Legal Info

Range: 6E Section: 32 Township: 1S Lot Number: 103

Special Listing Cond

N/A: 1

Construction

Block: 1 Wood Frame: 1

Const - Finish

Painted: 1 Stucco: 1

Roofing

Tile: 1

Association & Fees

HOA Y/N: Y HOA Disclosure/Addendum Affirmation: Yes HOA Transfer Fee: 111 HOA Fee: 286.5 HOA Paid Frequency: Quarterly HOA Name: Villa Lante HOA Telephone: 480-726-8080 Special Assessment HOA: No HOA 2 Y/N: N PAD Fee Y/N: N Cap Improvement/Impact Fee: 0 Cap Improvement/Impact Fee $/%: $ Prepaid Association Fees HOA: 0 Disclosure Fees HOA: 400 Other Fees HOA: 0 Land Lease Fee Y/N: N Rec Center Fee Y/N: N Ttl Mthly Fee Equiv: 95.5

Showing Notification Methods

Showing Service: Aligned Showings

Lockbox Type

Supra: 1

Master Bathroom

Separate Shwr & Tub: 1 Double Vanity: 1 Private Toilet Room: 1

Flooring

Carpet: 1 Tile: 1

Community Features

Biking/Walking Path: 1 Children's Playgrnd: 1

Dining Area

Eat-in Kitchen: 1 Breakfast Bar: 1

Heating

Natural Gas: 1

Kitchen Features

Disposal: 1 Gas Oven: 1 Gas Range: 1 Built-in Microwave: 1

Cooling

Ceiling Fan(s): 1 Central Air: 1

Interior Features

Vaulted Ceiling(s): 1

Laundry

Washer Hookup: 1

Basement

Basement Y/N: N

Separate Den/Office

Sep Den/Office Y/N: N

Fencing

Block: 1

Water Source

City Water: 1

Spa

None: 1

Sewer

Sewer - Public: 1

Parking Spaces

Slab Parking Spaces: 0 Total Covered Spaces: 2 Garage Spaces: 2

New Financing

Cash: 1 VA: 1 Conventional: 1 FHA: 1 FannieMae (HomePath): 1 1031 Exchange: 1

Utilities

SRP: 1 City Gas: 1

Existing 1st Loan

Treat as Free&Clear: 1

Landscaping

Desert Front: 1

Disclosures

Seller Discl Avail: 1

Possession

Close of Escrow: 1

Association Fee Incl

Street Maint: 1

Assoc Rules/Info

Pets OK (See Rmrks): 1

Sold Info

Loan Type: Cash Closing Cost Split: Normal - N Buyer Concession to Seller: 0 Buyer Concession $/%: $ Seller Concession to Buyer: 0 Seller Concession $/%: $

Remarks Misc

Cross Street: Val Vista & Pecos Rd Directions: Head west on E Pecos Rd, Turn right onto S Passion Dr, Turn left at the 1st cross street onto E Frances Ln. Geo Lat: 33.293117 Geo Lon: -111.762275

Status Change Info

Off Market Date: 2025-08-13 Under Contract Date: 2025-08-12 Close of Escrow Date: 2025-09-22 Sold Price: $449,000

Property Features

Special Listing Cond: N/A Master Bathroom: Separate Shwr & Tub; Double Vanity; Private Toilet Room Flooring: Carpet; Tile Spa: None Community Features: Biking/Walking Path; Children's Playgrnd Dining Area: Eat-in Kitchen; Breakfast Bar Kitchen Features: Gas Oven; Gas Range; Disposal; Built-in Microwave Laundry: Washer Hookup Interior Features: Vaulted Ceiling(s) Construction: Block; Wood Frame Const - Finish: Painted; Stucco Roofing: Tile Cooling: Central Air; Ceiling Fan(s) Heating: Natural Gas Utilities: SRP; City Gas Water Source: City Water Sewer: Sewer - Public Fencing: Block Landscaping: Desert Front Lockbox Type: Supra Possession: Close of Escrow Association Fee Incl: Street Maint Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional; FannieMae (HomePath); 1031 Exchange Disclosures: Seller Discl Avail

Listing Office: Real Broker

Last Updated: April - 05 - 2026