465 E RAY Road, Gilbert, AZ 85296
Property image
Property image
OFF MARKET

465 E RAY Road
Gilbert, AZ 85296

Tierra Madre
  • 1 Bed
  • 1 Bath
  • 2,440 sqft (on 1.03 acres)

$574,200

Trulia Estimate
as of Aug 10, 2026
Est. Refi. Payment $3,220/mo*
Refinance Your Home

$574,200

Trulia Estimate
as of Aug 10, 2026
Est. Refi. Payment $3,220/mo*
Refinance Your Home
1 Bed
1 Bath
2,440 sqft
(on 1.03 acres)

Local Information

  • Map ViewExplore the area around 465 E RAY Road.
  • Schools1 Preschool School1 Elementary School2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1971
Lot Size
1.03 acres
Living Area
2,440 sqft
Price/Sqft
$235
Parking
1 Open Spaces

About this House

This is a BANK OWNED property located in the Tierra Madre subdivision. No HOA. This home sits on two parcels 304-43-084-G and 304-43-084-F. Buyer must purchase both parcels and list price is for both parcels. Zoned R-143. Buyer can call Town of Gilbert with zoning questions. This home is being sold AS-IS. The seller has never occupied the property. Seller may credit buyer up to a maximum 3% of sales price towards closing costs if negotiated in final signed counter offer.
465 E RAY Road, Gilbert, AZ 85296 is a 1 bedroom, 1 bathroom, 2,440 sqft single-family home in Tierra Madre, built in 1971. It last sold for $200,000 on Apr 2, 2013 (4% below the $207,750 asking price). It is currently off market. The Trulia Estimate is $574,200, with a rent estimate of $1,978/month.

Home Details for 465 E RAY Road

Interior Features

Interior Details
Basement: None
Beds & Baths
Number of Bedrooms: 1Number of Bathrooms: 1
Dimensions and Layout
Living Area: 2440 Square Feet
Appliances & Utilities
Laundry: None
Heating & Cooling
Heating: Other,See RemarksHas CoolingAir Conditioning: Other,See RemarksHas HeatingHeating Fuel: Other
Fireplace & Spa
Spa: None
Windows, Doors, Floors & Walls
Flooring: Carpet
Levels, Entrance, & Accessibility
Stories: 1Number of Stories: 1Floors: Carpet

Exterior Features

Exterior Home Features
Roof: MetalPatio / Porch: PatioFencing: BlockNo Private Pool
Parking & Garage
Open Parking Spaces: 1No CarportNo GarageHas Open ParkingParking Spaces: 1Parking: Open
Pool
Pool: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer
Farm & Range
Allowed to Raise Horses

Days on Market

Cumulative Days on Market: 130

Property Information

Year Built
Year Built: 1971
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Ranch
Building
Construction Materials: Stucco, Painted, Block
Property Information
Parcel Number: 30443084G

Price & Status

Price
List Price: $207,750
Status Change & Dates
Off Market Date: Wed Mar 13 2013Possession Timing: By Agreement

Active Status

MLS Status: Closed

Location

Direction & Address
City: GilbertCommunity: Tierra Madre
School Information
Elementary School: Ashland ElementaryJr High / Middle School: South Valley Jr. HighHigh School: Mesquite High School

Building

Building Area
Building Area: 2440 Square Feet

HOA

HOA Fee Includes: No FeesNo HOA

Lot Information

Lot Area: 1.0303 Acres

Listing Info

Special Conditions: Real Estate Owned

Offer

Listing Terms: Cash, Conventional, FHA

Business

Business Information
Ownership: Fee Simple

Miscellaneous

Mls Number: 4837250
Last check for updates: about 2 hours ago
Listed by Jesi Wolnik, (602) 570-4532
Paramount Properties of Arizona LLC
Benjamin C. Olson, (480) 234-2772
Paramount Properties of Arizona LLC
Bought with: Patrick E Martin, Rock Point Realty
Source: ARMLS, MLS#4837250
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

Price History for 465 E RAY Road

DatePriceEventSource
04/02/2013$200,000Sold
ARMLS #4837250
10/27/2011$135,000Sold
ARMLS #4487527

Market trends in Gilbert

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$569K
$3.33KMoM
Sale-to-List Price
98.9%
0.1%MoM
Price per sq ft
$279
$1MoM
Available listings
1121
48MoM
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Comparable Sales for 465 E RAY Road

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
332 E HARRISON Street, Gilbert, AZ
0.36
Single-Family Home
$1,251,450
06/26/26
3
2
2,409
1718 S 140TH Place, Gilbert, AZ
0.13
Single-Family Home
$1,600,000
05/20/26
5
3
3,491
665 E Constitution Drive, Gilbert, AZ
0.24
Single-Family Home
$760,000
06/29/26
4
2
3,014
13613 E Shannon Street, Gilbert, AZ
0.53
Single-Family Home
$1,400,000
04/15/26
3
3
2,640
1440 S IRONWOOD Drive, Gilbert, AZ
0.29
Single-Family Home
$550,000
05/27/26
3
2
1,741
1335 S LARKSPUR Street, Gilbert, AZ
0.38
Single-Family Home
$550,000
10/06/25
3
2
2,154

Nearby homes

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Assigned Schools

These are the assigned schools for 465 E RAY Road.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Tierra Madre
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Tierra Madre

At least 5 Trulia users voted on each feature.

  • 100 % Say people would walk alone at night

  • 100 % Say there's holiday spirit

  • 100 % Say streets are well-lit

  • 100 % Say there are sidewalks

  • 100 % Say car is needed

  • 89 % Say it's dog friendly

  • 89 % Say parking is easy

  • 88 % Say it's quiet

  • 83 % Say yards are well-kept

  • 67 % Say kids play outside

  • 67 % Say they plan to stay for at least 5 years

  • 62 % Say neighbors are friendly

  • 50 % Say it's walkable to restaurants

  • 40 % Say it's walkable to grocery stores

  • 30 % Say there's wildlife

  • 25 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Kirsten G.
    "My neighborhood is unique because of how safe it is and how diverse the properties can be. Good place to raise kids. The transit is awful. Lots of restaurants."
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Apartments for Rent

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Homes for sale near 465 E RAY Road

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Off Market Homes Near 465 E RAY Road

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Frequently asked questions about 465 E RAY Road

  • What is 465 E RAY Road estimated to be worth?
    Trulia's estimated value for 465 E RAY Road in Gilbert, AZ is $574,200.
  • What is the price history for 465 E RAY Road?
    465 E RAY Road in Gilbert, AZ last sold for $200,000 in April 2013.
  • 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 $569K. That is down $3.33K from the prior month.
  • Does 465 E RAY Road have air conditioning?
    Yes, 465 E RAY Road in Gilbert, AZ has air conditioning.
  • How big is the lot at 465 E RAY Road?
    The lot at 465 E RAY Road in Gilbert, AZ is about 1 acre.