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  • Price cut: $10K (7/31)
    $475,000

    48 N Colonial Drive, Gilbert, AZ 85234

    3beds
    1,347sqft
    : 
    $2,909/mo
    Get pre-qualified
    Townhouse
    Built in 1985
    4,474 Square Feet Lot
    $-- Zestimate®
    $353/sqft
    $115/mo HOA

    What's special

    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!
    34 days
    |
    740
    |
    61
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Roberta M Joseph 505-480-3853,

    Simply Real Estate

    Source: ARMLS,MLS#: 7058036MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Electric
      Cooling
      • Central Air, Ceiling Fan(s)
      Appliances
      • Included: Dryer, Washer, Refrigerator, Built-in Microwave, Dishwasher, Disposal, Electric Range, Electric Oven
      Features
      • Double Vanity, Vaulted Ceiling(s), Bidet, Full Bth Master Bdrm
      • Flooring: Carpet, Tile, Wood
      • Windows: Screens, Skylight(s)
      • Has basement: No
      • Number of fireplaces: 1
      • Fireplace features: Wood Burning, Family Room
      Interior area
      • Total structure area: 1,347
      • Total interior livable area: 1,347 sqft

      Property

      Parking
      • Total spaces: 4
      • Parking features: Attached, Garage Door Opener, Direct Access
      • Attached garage spaces: 2
      • Carport spaces: 2
      • Covered spaces: 4
      Features
      • Stories: 1
      • Spa features: None
      • Fencing: Block
      Lot
      • Size: 4,474 Square Feet
      • Features: Sprinklers In Rear, Sprinklers In Front, Gravel/Stone Front, Gravel/Stone Back, Grass Front, Synthetic Grass Back, Auto Timer H2O Front, Auto Timer H2O Back
      Details
      • Parcel number: 30413054

      Construction

      Type & style
      • Home type: Townhouse
      • Architectural style: Other
      • Property subtype: Townhouse
      • Attached to another structure: Yes
      Materials
      • Brick Veneer, Vertical Siding, Wood Frame, Block
      • Foundation: Slab
      • Roof: Composition
      Condition
      • Year built: 1985

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: City Water

      Community & HOA

      Community
      • Features: Pool, Community Spa, Biking/Walking Path
      • Subdivision: Lowe Estates
      HOA
      • Has HOA: Yes
      • Services included: Maintenance Grounds, Front Yard Maint
      • HOA fee: $115 monthly
      • HOA name: lowes estates
      • HOA phone: 480-345-7691
      Location
      • Region: Gilbert

      Financial & listing details

      • Price per square foot: $353/sqft
      • Tax assessed value: $326,200
      • Annual tax amount: $1,561
      • Date on market: 7/24/2026
      • Cumulative days on market: 33 days
      • Listing terms: Cash,Conventional,1031 Exchange,VA Loan
      • Ownership: Fee Simple
      • Road surface type: Asphalt

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/31/2026Price change$475,000-2.1%$353/sqft
        Source: ARMLS #7058036 Report a problem
        7/24/2026Listed for sale$485,000+52.5%$360/sqft
        Source: ARMLS #7058036 Report a problem
        6/18/2026Sold$318,000+127.3%$236/sqft
        Source: Public Record Report a problem
        9/10/2008Sold$139,900-39.2%$104/sqft
        Source: Public Record Report a problem
        11/22/2005Sold$230,000+74.2%$171/sqft
        Source: ARMLS #2399252 Report a problem
        6/25/2003Sold$132,000+22.8%$98/sqft
        Source: ARMLS #1975090 Report a problem
        9/30/2002Sold$107,450$80/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,317 +25.8%$32,620 -12.1%
        2024$1,047 -0.9%$37,120 +180.7%
        2023$1,056 +1.3%$13,225 -45%
        2022$1,043 -4.3%$24,030 +11.7%
        2021$1,090 +8.8%$21,520 +11.3%
        2020$1,001 +3%$19,330 +14%
        2019$972 $16,950 +7.1%
        2018$972 +3.6%$15,830 +14.5%
        2017$939 +7%$13,830 +2.6%
        2016$877 -6.4%$13,480 +6.4%
        2015$938 $12,670 +31.3%
        2014-- $9,650 +24.5%
        2013-- $7,750 -15.3%
        2012-- $9,150 -19%
        2011-- $11,300 -9.2%
        2010-- $12,450 -26.8%
        2009-- $17,000 +1.2%
        2008-- $16,800 +19.6%
        2007-- $14,050 +40.5%
        2006-- $10,000
        2005-- $10,000 +11.1%
        2004-- $9,000
        2003-- $9,000 +13.2%
        2002-- $7,950
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Lowe Estates

        Getting around

        19 / 100
        Car-Dependent
        27 / 100
        Some Transit
        66 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Sonoma Ranch Elementary School
        • Middle: Greenfield Elementary School
        • High: Gilbert High School
        • District: Gilbert Unified District

        Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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