2550 E PENEDES Drive
Gilbert, AZ 85298
Freeman Farms- 5 Beds
- 3 Baths
- 3,083 sqft
5 Beds
3 Baths
3,083 sqft
Home Value
Trulia Estimate
$630KSince last month
Decreased$2K (-0.3%)Since last year
Increased$400 (+0.1%)Since last sale
Decreased$12K (-1.9%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +75% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| August 2026 | $628K |
| July 2026 | $630K |
| June 2026 | $627K |
| May 2026 | $626K |
| March 2026 | $622K |
| February 2026 | $627K |
| January 2026 | $626K |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
2019 | |
2018 | |
2017 | |
2016 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.11 | Single-Family Home | $780,000 | 05/19/26 | 4 | 2.5 | 2,880 | |
0.15 | Single-Family Home | $675,000 | 05/29/26 | 5 | 4 | 2,880 | |
0.09 | Single-Family Home | $852,000 | 11/20/25 | 5 | 3.5 | 3,969 | |
0.19 | Single-Family Home | $780,000 | 07/14/26 | 5 | 3 | 2,890 | |
0.10 | Single-Family Home | $590,000 | 05/08/26 | 3 | 2.5 | 2,351 | |
0.06 | Single-Family Home | $564,000 | 01/12/26 | 4 | 2 | 1,762 | |
0.21 | Single-Family Home | $890,000 | 03/27/26 | 4 | 2.5 | 2,692 | |
0.24 | Single-Family Home | $839,000 | 05/22/26 | 4 | 2.5 | 2,708 | |
0.17 | Single-Family Home | $502,000 | 02/27/26 | 3 | 2.5 | 2,351 | |
0.41 | Single-Family Home | $715,000 | 04/15/26 | 5 | 2.5 | 2,890 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.04 | $599,000 | 4 | 2.5 | 2,351 | For Sale | |
0.05 | $749,300 | 4 | 3 | 3,039 | Off Market | |
0.05 | $668,100 | 4 | 2.5 | 2,339 | Off Market | |
0.08 | $707,900 | 4 | 3 | 2,728 | Off Market | |
0.09 | $852,000 | 5 | 3.5 | 3,969 | Recently Sold | |
0.09 | $912,500 | 6 | 4.5 | 4,481 | Recently Sold | |
0.06 | $564,000 | 4 | 2 | 1,762 | Recently Sold | |
0.11 | $780,000 | 4 | 2.5 | 2,880 | Recently Sold | |
0.11 | $906,000 | 7 | 4.5 | 4,710 | Recently Sold | |
0.10 | $590,000 | 3 | 2.5 | 2,351 | Recently Sold | |
0.12 | $713,100 | 4 | 3 | 2,880 | Off Market |
Local Information
-- mins to
Home Highlights
Property Type
Single-Family Home
Year Built
2013
Living Area
3,083 sqft
Price/Sqft
$204
Parking
Garage
HOA
$105/Monthly
About this House
Experience elevated living in this upgraded Fulton home with an impressive gas range, new water heater, water softener and installed RO, nestled in the highly sought-after Freeman Farms. Ideally located next to the serene community waterfall and lake, this property offers a rare level of privacy with only one neighbor. The home comes equipped with owned solar panels, allowing new owners to enjoy energy efficiency.
Step outside into a lush backyard with a vibrant lawn and a covered patio, ideal for gatherings and relaxation.
Located just 5 minutes from Gilbert Regional Park's pickleball courts, this home also offers easy access the 202 freeway, SanTan Village, and the exciting new Epicenter development.
Step outside into a lush backyard with a vibrant lawn and a covered patio, ideal for gatherings and relaxation.
Located just 5 minutes from Gilbert Regional Park's pickleball courts, this home also offers easy access the 202 freeway, SanTan Village, and the exciting new Epicenter development.
2550 E PENEDES Drive, Gilbert, AZ 85298 is a 5 bedroom, 3 bathroom, 3,083 sqft single-family home in Freeman Farms, built in 2013. It last sold for the $640,000 asking price on Mar 3, 2025. It is currently off market. The Trulia Estimate is $629,800, with a rent estimate of $3,482/month.
Last check for updates: about 20 hours ago
Listed by Riley Rhodes, (480) 650-8531
DWEL LLC
Bought with: Brian Rhode, (480) 235-1222, Barrett Real Estate
Source: ARMLS, MLS#6759038

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Home Details for 2550 E PENEDES Drive
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Beds & Baths Number of Bedrooms: 5Number of Bathrooms: 3 |
Dimensions and Layout Living Area: 3083 Square Feet |
Appliances & Utilities Appliances: Gas Cooktop |
Heating & Cooling Heating: Natural GasHas CoolingAir Conditioning: Central Air,Programmable ThmstatHas HeatingHeating Fuel: Natural Gas |
Fireplace & Spa Spa: None |
Windows, Doors, Floors & Walls Window: Double Pane WindowsFlooring: Vinyl, Tile |
Levels, Entrance, & Accessibility Stories: 2Number of Stories: 2Floors: Vinyl, Tile |
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Exterior Home Features Roof: TilePatio / Porch: Covered, PatioFencing: BlockNo Private Pool |
Parking & Garage Number of Garage Spaces: 3Number of Covered Spaces: 3Open Parking Spaces: 2No CarportHas a GarageHas Open ParkingParking Spaces: 5Parking: RV Gate,Garage Door Opener,Extended Length Garage |
Pool Pool: None |
Frontage Responsible for Road Maintenance: City Maintained RoadNot on Waterfront |
Water & Sewer Sewer: Public Sewer |
Farm & Range Not Allowed to Raise Horses |
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Cumulative Days on Market: 159 |
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Year Built Year Built: 2013 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Ranch |
Building Construction Materials: Stucco, Wood FrameNot Attached Property |
Property Information Usage of Home: NoneParcel Number: 30481522 |
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Price List Price: $640,000 |
Status Change & Dates Off Market Date: Mon Mar 03 2025Possession Timing: Close Of Escrow |
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MLS Status: Closed |
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Direction & Address City: GilbertCommunity: FREEMAN FARMS PHASE 3 PARCEL 4 |
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Building Details Builder Name: Fulton |
Building Area Building Area: 3083 Square Feet |
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Community Features: Near Bus Stop, Playground, Biking/Walking Path |
Other Playground |
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HOA Fee Includes: Maintenance GroundsHOA Name: Freeman FarmsHOA Phone: 480-220-0888Has an HOAHOA Fee: $314/Quarterly |
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Lot Area: 7181 sqft |
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Listing Terms: Cash, Conventional, FHA, VA Loan |
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Business Information Ownership: Fee Simple |
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Mls Number: 6759038 |
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Near Bus StopPlaygroundBiking/Walking Path |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Mar 3, 2025 Source: ARMLS #6759038 | Sold | $640,000 |
Feb 5, 2025 Source: ARMLS #6759038 | PriceChange | $640,000 Price decreased by 2% |
Feb 3, 2025 Source: ARMLS #6759038 | PriceChange | $649,900 Price decreased by 0% |
Jan 21, 2025 Source: ARMLS #6759038 | PriceChange | $650,000 Price decreased by 2% |
Dec 4, 2024 Source: ARMLS #6759038 | PriceChange | $665,000 Price decreased by 3% |
Nov 15, 2024 Source: ARMLS #6759038 | PriceChange | $685,000 Price decreased by 1% |
Nov 1, 2024 Source: ARMLS #6759038 | PriceChange | $695,000 Price decreased by 1% |
Sep 26, 2024 Source: ARMLS #6759038 | Listed For Sale | $700,000 |
May 12, 2016 Source: ARMLS #5418430 | Sold | $353,000 |
Mar 25, 2016 Source: Agent Provided | Listed For Sale | $359,900 |
Jan 31, 2014 Source: N/A | Sold | $360,442 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $2,636 | $532,100 |
Home facts updated by county records
Market trends in Gilbert
Last updated July 2026
Avg. sale price
$574K
$4.67KMoM
Sale-to-List Price
98.9%
Price per sq ft
$279
$0MoM
Available listings
1109
12MoM
Around this home
What Locals Say about Freeman Farms
At least 4 Trulia users voted on each feature.
100 % Say it's dog friendly
100 % Say there are sidewalks
100 % Say streets are well-lit
100 % Say parking is easy
89 % Say it's quiet
88 % Say yards are well-kept
75 % Say people would walk alone at night
71 % Say they plan to stay for at least 5 years
67 % Say car is needed
65 % Say neighbors are friendly
63 % Say there's holiday spirit
57 % Say there's wildlife
50 % Say there are community events
40 % Say kids play outside
33 % Say it's walkable to restaurants
22 % Say it's walkable to grocery stores
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections

Frequently asked questions about 2550 E PENEDES Drive
- What is 2550 E PENEDES Drive estimated to be worth?Trulia's estimated value for 2550 E PENEDES Drive in Gilbert, AZ is $629,800.
- What is the price history for 2550 E PENEDES Drive?2550 E PENEDES Drive in Gilbert, AZ last sold for $640,000 in March 2025.
- Is Gilbert a buyer's or seller's market?Gilbert is currently a balanced market, based on recent for-sale activity.
- What's the median sale price in Gilbert?The median sale price in Gilbert is $574K. That is up $4.67K from the prior month.
- Does 2550 E PENEDES Drive have air conditioning?Yes, 2550 E PENEDES Drive in Gilbert, AZ has air conditioning.
- How big is the lot at 2550 E PENEDES Drive?The lot at 2550 E PENEDES Drive in Gilbert, AZ is about 0.16 acres (7,181 sq ft).

