48 N Colonial Drive, Gilbert, AZ 85234
Property image
Property image
SOLD
SEP 1, 2026

$464,800

Trulia Estimate
  • 3 Beds
  • 2 Baths
  • 1,347 sqft

48 N Colonial Drive, Gilbert, AZ 85234

Lowe Estates
Est. Refi. Payment $2,663/mo*
Refinance Your Home
Currently Off Market - Sold Sep 1, 2026 for $467,500 (2% below list price)

Home Value

Trulia Estimate
$465K
Since last month
Decreased$16K (-3.4%)
Since last year
Increased$75K (+19.1%)
Since last sale
Decreased$2K (-0.4%)
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 +152% in the last 10 years
MonthEstimated value
2026
August 2026$466K
August 2026$466K
July 2026$482K
June 2026$376K
May 2026$380K
April 2026$385K
March 2026$384K
February 2026$385K
January 2026$386K
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
830 E BRUCE Avenue, Gilbert, AZ
0.10
Townhouse
$455,000
06/24/26
3
2
1,347
811 E LINDA Lane, Gilbert, AZ
0.09
Townhouse
$360,000
05/05/26
3
2
1,409
908 E VAUGHN Avenue, Gilbert, AZ
0.33
Townhouse
$410,000
12/12/25
3
2
1,355
926 E HEARNE Way, Gilbert, AZ
0.38
Townhouse
$450,000
06/02/26
3
2
1,465
338 N HERITAGE Drive, Gilbert, AZ
0.39
Townhouse
$410,000
05/01/26
3
2
1,360
855 E HEARNE Way, Gilbert, AZ
0.36
Townhouse
$320,000
10/10/25
3
2
1,397
413 E BRUCE Avenue #D, Gilbert, AZ
0.61
Townhouse
$233,000
10/01/25
2
2
891

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
12 N COLONIAL Drive, Gilbert, AZ 85234
0.05
$390,600
2
2
1,176
Off Market
811 E LINDA Lane, Gilbert, AZ 85234
0.09
$360,000
3
2
1,409
Recently Sold
939 E WASHINGTON Avenue, Gilbert, AZ 85234
0.07
$388,500
2
2
1,176
Off Market
906 E BRUCE Avenue, Gilbert, AZ 85234
0.06
$396,700
3
2
1,347
Off Market
823 E BRUCE Avenue, Gilbert, AZ 85234
0.09
$375,500
2
2
1,176
Off Market
830 E BRUCE Avenue, Gilbert, AZ 85234
0.10
$455,000
3
2
1,347
Recently Sold
14 S 29TH Place, Gilbert, AZ 85296
0.13
$1,400,000
4
2.5
2,483
For Sale
35 N Concord Street, Gilbert, AZ 85234
0.10
$407,700
3
2
1,347
Off Market
841 E PARK Avenue, Gilbert, AZ 85234
0.11
$419,000
3
2
1,409
Off Market
71 N CONCORD Street, Gilbert, AZ 85234
0.10
$370,200
2
2
1,171
Off Market
118 N HERITAGE Drive, Gilbert, AZ 85234
0.14
$327,000
2
1
1,116
Recently Sold

Local Information

  • Map ViewExplore the area around 48 N Colonial Drive.
  • Schools1 Preschool School1 Elementary School2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Townhouse
Built in 1985
1,347 sqft
$347/sqft
2 Car Garage
HOA $115/mo

About this House

This stunning, Fully Remodeled 3 bedroom, 2 bathroom offers modern comfort, stylish finishes, and a prime location PERFECT for those seeking turn-key living near DOWNTOWN GILBERT & Nestled in Lowe Estates neighborhood, known for its tree-lined streets, HOA-maintained common areas, and welcoming atmosphere, this home is an exceptional opportunity for families, professionals, or anyone seeking stylish, low-maintenance living in one of Gilbert's most desirable locations.

Enjoy peace of mind with a Brand new roof, HVAC system under 5 years old, 2 car garage with a gorgeous freshly finished epoxy garage floor, a brand new garage door and opener which provides peace of mind and efficiency. Inside, you'll find a bright, open layout featuring new engineered hardwood flooring, brand new cabinetry throughout, quartz countertops in the kitchen including the large island, brand-new Frigidaire stainless steel appliances, all-new doors and hardware, Vaulted Ceilings & LED lighting.

The Stunning Primary Suite boasts a beautifully tiled walk in shower with private window allowing natural light, a double vanity with elegant LED backlit mirrors giving a spa-like touch, and a lovely bidet. The secondary bathroom has it all, a Gorgeous tiled shower with backlit niche, a Soaking Tub, a New Vanity with Quartz Countertops topped with backlit mirrors, all new hardware, and fixtures throughout.

The lovely laundry room includes a new washer and dryer, making this home truly turnkey which leads to the relaxing backyard.

Step outside to a low-maintenance backyard complete with premium turf perfect, for relaxing or entertaining without the upkeep.

Ideally located directly across from the community pool, great for family or friend gatherings this home offers convenient access to neighborhood amenities, while being just minutes from Downtown Gilbert, where you'll enjoy award-winning restaurants, shopping, entertainment, farmers markets, and year-round community events.
THIS IS A MUST SEE!
48 N Colonial Drive, Gilbert, AZ 85234 is a 3 bedroom, 2 bathroom, 1,347 sqft townhouse in Lowe Estates, built in 1985. It last sold for $467,500 on Sep 1, 2026 (2% below the $475,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $464,800, with a rent estimate of $2,152/month.
Last check for updates: about 18 hours ago
Listed by Roberta M Joseph, (505) 480-3853
Simply Real Estate
Bought with: Michael Ryan Mell, (602) 618-0664, Close Pros Real Estate and Management
Source: ARMLS, MLS#7058036
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

Home Details for 48 N Colonial Drive

Interior Features

Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 2
Dimensions and Layout
Living Area: 1347 Square Feet
Appliances & Utilities
Appliances: Dryer, Washer, Refrigerator, Built-in Microwave, Dishwasher, Disposal, Electric Range, Electric OvenDishwasherDisposalDryerRefrigeratorWasher
Heating & Cooling
Heating: ElectricHas CoolingAir Conditioning: Central Air,Ceiling Fan(s)Has HeatingHeating Fuel: Electric
Fireplace & Spa
Number of Fireplaces: 1Fireplace: Wood Burning, Family RoomSpa: NoneHas a Fireplace
Windows, Doors, Floors & Walls
Window: Screens, Skylight(s)Flooring: Carpet, Tile, Wood
Levels, Entrance, & Accessibility
Stories: 1Number of Stories: 1Floors: Carpet, Tile, Wood

Exterior Features

Exterior Home Features
Roof: CompositionFencing: BlockFoundation: Slab
Parking & Garage
Number of Garage Spaces: 2Number of Carport Spaces: 2Number of Covered Spaces: 4Has a CarportHas a GarageHas an Attached GarageParking Spaces: 4Parking: Attached,Garage Door Opener,Direct Access
Frontage
Road Surface Type: AsphaltNot on Waterfront
Water & Sewer
Sewer: Public Sewer
Farm & Range
Not Allowed to Raise Horses

Days on Market

Cumulative Days on Market: 40

Property Information

Year Built
Year Built: 1985
Property Type / Style
Property Type: ResidentialProperty Subtype: TownhouseArchitecture: Other
Building
Construction Materials: Brick Veneer, Vertical Siding, Wood Frame, BlockAttached To Another Structure
Property Information
Usage of Home: NoneParcel Number: 30413054

Price & Status

Price
List Price: $475,000Price Per Sqft: $347/sqft
Status Change & Dates
Off Market Date: Wed Sep 02 2026Possession Timing: Close Of Escrow

Active Status

MLS Status: Closed

Location

Direction & Address
City: GilbertCommunity: Lowe Estates
School Information
Elementary School: Sonoma Ranch Elementary SchoolElementary School District: Gilbert Unified DistrictJr High / Middle School: Greenfield Elementary SchoolHigh School: Gilbert High SchoolHigh School District: Gilbert Unified District

Building

Building Area
Building Area: 1347 Square Feet

Community

Community Features: Pool, Community Spa, Biking/Walking Path

HOA

HOA Fee Includes: Maintenance Grounds, Front Yard MaintHOA Name: lowes estatesHOA Phone: 480-345-7691Has an HOAHOA Fee: $115/Monthly

Lot Information

Lot Area: 4474 sqft

Offer

Listing Terms: Cash, Conventional, 1031 Exchange, VA Loan

Business

Business Information
Ownership: Fee Simple

Miscellaneous

Mls Number: 7058036

Additional Information

PoolCommunity SpaBiking/Walking Path

Price and Tax history

DateEventPrice
Sep 1, 2026
Source: ARMLS #7058036
Sold
$467,500
Jul 31, 2026
Source: ARMLS #7058036
PriceChange
$475,000
Price decreased by 2%
Jul 24, 2026
Source: ARMLS #7058036
Listed For Sale
$485,000
Jun 18, 2026
Source: N/A
Sold
$318,000
Sep 10, 2008
Source: N/A
Sold
$139,900

Market trends in Gilbert

Last updated July 2026
Buyer'sMarketSeller'sMarket
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

Neighborhood Overview

Lowe Estates
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Lowe Estates

  • Darla R.
    "Beautiful shaded neighborhood. Nice homes with green lawns and large trees. Close to parks and shopping."
    3
    Flag
  • Jjc1001
    "I have lived in this neighborhood for 10 years. This is a close-knit community with very friendly neighbors who look out for each other. It is another of Gilbert's spotlessly clean neighborhoods and walking distance to Freestone Park. This neighborhood is a very safe place to live alone or raise a family. With the lovely mature pine trees and grass yards it has the feel of an eastern area in the middle of the desert."
    6
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 48 N Colonial Drive

  • What is 48 N Colonial Drive estimated to be worth?
    Trulia's estimated value for 48 N Colonial Drive in Gilbert, AZ is $464,800.
  • What is the price history for 48 N Colonial Drive?
    48 N Colonial Drive in Gilbert, AZ last sold for $467,500 in September 2026.
  • 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 48 N Colonial Drive have air conditioning?
    Yes, 48 N Colonial Drive in Gilbert, AZ has air conditioning.
  • Does 48 N Colonial Drive have a pool?
    Yes, 48 N Colonial Drive in Gilbert, AZ has a pool.

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