2831 E  Terrace Ave, Gilbert, AZ 85234
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Property image
OFF MARKET

2831 E Terrace Ave
Gilbert, AZ 85234

Tone
  • 3 Beds
  • 2 Baths
  • 1,353 sqft

$465,100

Trulia Estimate
as of Aug 25, 2026

$465,100

Trulia Estimate
as of Aug 25, 2026
  • 3 Beds
  • 2 Baths
  • 1,353 sqft

Home Highlights

Property Type
Single-Family Home
Living Area
1,353 sqft
Price/Sqft
$344

Local Information

  • Map ViewExplore the area around 2831 E Terrace Ave.
  • Schools1 Preschool School1 Elementary School3 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

This beautifully updated single-story home in Gilbert features an open, light-filled layout with vaulted ceilings, modern finishes, and a private backyard perfect for relaxing or entertaining. The home offers wood-looking flooring in main living areas, carpet in bedrooms, and stylish ceiling fans throughout. The updated kitchen includes quartz countertops, black stainless-steel appliances, and tile backsplash, flowing seamlessly into the living and dining areas. Spacious bedrooms provide comfort and functionality. Enjoy a beautifully landscaped backyard with a covered patio, paver seating area, and well-maintained back yard (landscaping services included in rent).

Prime location near the US-60 (I-60), Banner Gateway Medical Center, Fry's Marketplace, Sprouts Farmers Market, brand-new neighborhood park, and in highly rated Gilbert School District all within walking distance. Here's your chance to rent a well-loved, owner-managed home in a great part of Gilbert.

$2,200.00 Monthly Rent.
$2,200.00 Refundable Security Deposit.
$300.00 Non-refundable cleaning fee.
$500.00 Refundable pet deposit for each pet (if applicable).
$300.00 Non-refundable pet cleaning fee plus additional $30.00 per month pet rent (if applicable).

Applicants must have decent credit and apply through Zillow Rental Manager. A cashier's check is required to secure the home and remove the listing. First month's rent is due the day before moving in (when the keys are handed over). Rent is paid monthly via auto-recurring ACH payments through Zillow Rental Manager. Just note that Zillow's ACH payment system takes about a week to verify the account and confirm funds.

Tenant is responsible for all utilities that include water/trash (City of Gilbert), gas (Southwest Gas), and electric (SRP). Home is wired for security services in which tenant would pay for as an addition (ADT). Owner will be responsible for landscaping services. This is a long-term lease with a minimum of 1 year. No smoking allowed.
2831 E Terrace Ave, Gilbert, AZ 85234 is a 3 bedroom, 2 bathroom, 1,353 sqft single-family home in Tone. It last sold for $515,000 on Apr 14, 2022 (23,309% above the $2,200 asking price). More recently, it was listed as a rental in January 2026 with an asking price of $2,200 per month. That rental listing was removed on February 1, 2026. It is currently off market. The Trulia Estimate is $465,100, with a rent estimate of $2,045/month.

Home Details for 2831 E Terrace Ave

Property Information

Property Type / Style
Property Type: Single Family Home

Rental Terms, Policies & Fees

Lease Term: 1 Year

Interior Features

Appliances & Utilities
DryerWasher

Comparable Sales for 2831 E Terrace Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.05
Single-Family Home
$555,000
07/02/26
3
2
1,696 sqft
0.09
Single-Family Home
$540,000
08/26/25
3
2
1,696 sqft
0.02
Single-Family Home
$292,000
09/26/25
3
2
1,647 sqft
0.19
Single-Family Home
$500,000
01/14/26
3
2
1,688 sqft
0.27
Single-Family Home
$415,000
06/16/26
3
2
1,162 sqft
0.33
Single-Family Home
$415,000
11/18/25
3
2
1,421 sqft
0.12
Single-Family Home
$247,200
04/08/26
3
2
1,763 sqft
0.40
Single-Family Home
$420,000
08/28/25
3
2
1,358 sqft
0.27
Single-Family Home
$550,000
06/23/26
4
2
1,785 sqft
0.38
Single-Family Home
$550,000
12/18/25
3
2
1,702 sqft

Nearby homes

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Around this home

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.

LGBTQ Local Legal Protections

Price and Tax history

DateEventPrice
Feb 1, 2026
Source: Zillow Rentals
ListingRemoved
$2,200
Jan 29, 2026
Source: Zillow Rentals
Listed For Rent
$2,200
Apr 14, 2022
Source: ARMLS #6366567
Sold
$515,000
Mar 15, 2022
Source: ARMLS #6366567
Pending
$475,000
Mar 10, 2022
Source: ARMLS #6366567
Listed For Sale
$475,000

Frequently asked questions about 2831 E Terrace Ave

  • What is 2831 E Terrace Ave estimated to be worth?
    Trulia's estimated value for 2831 E Terrace Ave in Gilbert, AZ is $465,100.
  • What is the price history for 2831 E Terrace Ave?
    2831 E Terrace Ave in Gilbert, AZ last sold for $515,000 in April 2022.
  • 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 2831 E Terrace Ave have laundry facilities?
    Yes, 2831 E Terrace Ave in Gilbert, AZ has in-unit laundry.

Homes for rent near 2831 E Terrace Ave

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Affordability

TIP:Try to keep your rent within a third of your gross household income. Learn why in our Renter's Guide.
For this property
PER YEAR
is the suggested income
Win over prospective landlords with your smart budgeting. As a good rule of thumb, ideally you would have at least three times your monthly rent in combined household income.
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