2550 E PENEDES Drive, Gilbert, AZ 85298
OFF MARKET

2550 E PENEDES Drive
Gilbert, AZ 85298

Freeman Farms
  • 5 Beds
  • 3 Baths
  • 3,083 sqft

$619,700

Trulia Estimate
as of May 24, 2026
Est. Refi. Payment $3,375/mo*

$619,700

Trulia Estimate
as of May 24, 2026
Est. Refi. Payment $3,375/mo*
5 Beds
3 Baths
3,083 sqft

Local Information

Map showing home location
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-- mins to
Commute Destination

Description

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.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from March 03, 2025

Home Highlights

Parking
Garage
Outdoor
Patio
A/C
Heating & Cooling
HOA
$105/Monthly
Price/Sqft
No Info
Listed
180+ days ago

Home Details for 2550 E PENEDES Drive

Interior Features

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

Exterior Features

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

Days on Market

Cumulative Days on Market: 159

Property Information

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

Price & Status

Price
List Price: $640,000
Status Change & Dates
Off Market Date: Mon Mar 03 2025Possession Timing: Close Of Escrow

Active Status

MLS Status: Closed

Location

Direction & Address
City: GilbertCommunity: FREEMAN FARMS PHASE 3 PARCEL 4

Building

Building Details
Builder Name: Fulton
Building Area
Building Area: 3083 Square Feet

Community

Community Features: Near Bus Stop, Playground, Biking/Walking Path
Other
Playground

HOA

HOA Fee Includes: Maintenance GroundsHOA Name: Freeman FarmsHOA Phone: 480-220-0888Has an HOAHOA Fee: $314/Quarterly

Lot Information

Lot Area: 7181 sqft

Offer

Listing Terms: Cash, Conventional, FHA, VA Loan

Business

Business Information
Ownership: Fee Simple

Miscellaneous

Mls Number: 6759038

Additional Information

Near Bus StopPlaygroundBiking/Walking Path
Last check for updates: about 5 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.

Price History for 2550 E PENEDES Drive

DatePriceEventSource
03/03/2025$640,000Sold
ARMLS #6759038
02/05/2025$640,000PriceChange
ARMLS #6759038
02/03/2025$649,900PriceChange
ARMLS #6759038
01/21/2025$650,000PriceChange
ARMLS #6759038
12/04/2024$665,000PriceChange
ARMLS #6759038
11/15/2024$685,000PriceChange
ARMLS #6759038
11/01/2024$695,000PriceChange
ARMLS #6759038
09/26/2024$700,000Listed For SaleARMLS #6759038
05/12/2016$353,000Sold
ARMLS #5418430
03/25/2016$359,900Listed For SaleAgent Provided
01/31/2014$360,442Sold
N/A
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Property Tax and Assessment

Year2025
Tax$2,636
Assessment$532,100
Home facts updated by county records

Comparable Sales for 2550 E PENEDES Drive

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
0.21
Single-Family Home
$665,000
07/18/25
4
3
2,692
0.09
Single-Family Home
$852,000
11/20/25
5
3.5
3,969
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
0.17
Single-Family Home
$502,000
02/27/26
3
2.5
2,351
0.21
Single-Family Home
$753,000
06/05/25
4
3
2,692
0.41
Single-Family Home
$715,000
04/15/26
5
2.5
2,890
0.22
Single-Family Home
$715,000
11/14/25
3
2.5
2,507

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Assigned Schools

These are the assigned schools for 2550 E PENEDES Drive.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Neighborhood stats provided by third party data sources.

What Locals Say about Freeman Farms

At least 4 Trulia users voted on each feature.
  • 100 % Say streets are well-lit

  • 100 % Say it's dog friendly

  • 100 % Say parking is easy

  • 100 % Say there are sidewalks

  • 89 % Say it's quiet

  • 88 % Say yards are well-kept

  • 75 % Say people would walk alone at night

  • 71 % Say there's holiday spirit

  • 71 % Say they plan to stay for at least 5 years

  • 67 % Say car is needed

  • 65 % Say neighbors are friendly

  • 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.
  • Charles S.
    "Another Fulton Homes community that is just that, a community. I know most of my neighbors and I can feel at ease knowing that everybody is watching out for each other. Close to excellent schools in two open districts, library, shopping, and some entertainment. Parks in the city are a bit far but that will change as developments come in."

LGBTQ Local Legal Protections

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2550 E PENEDES Drive, Gilbert, AZ 85298 is a 5 bedroom, 3 bathroom, 3,083 sqft single-family home built in 2013. 2550 E PENEDES Drive is located in Freeman Farms, Gilbert. This property is not currently available for sale. 2550 E PENEDES Drive was last sold on Mar 3, 2025 for $640,000 (0% higher than the asking price of $640,000). The current Trulia Estimate for 2550 E PENEDES Drive is $619,700.