Property Valuation & Market Brief — 3770 E Iris Dr, Chandler AZ
Property Valuation & Market Brief

3770 E Iris Dr

Chandler, AZ 85286 — Cantabria (Gated)
$1,250,000 $391.36/sf
Prepared for Carole & Paul Ceonzo — February 19, 2026
List Price
$1,250,000
$391.36/sf
Est. Market Value
$1.20M–$1.26M
Based on 4 comps
Days on Market
17
Area avg: 80 days
Sale-to-List
97.3%
$800K+ segment
📍 Our Assessment
The list price of $1,250,000 is at the upper end of the comparable range. Three recent in-community sales support a market value of $1,200,000–$1,260,000. The property is only 17 days on market. Every Cantabria comp in the past year required price reductions to sell, which suggests there is room for negotiation. The data gives us a clear value range to work with.

Subject Property Overview

Address 3770 E Iris Dr, Chandler, AZ 85286
Subdivision Cantabria (Estates at Cantabria) — Private Gated
Bed / Bath 4 BD / 3 Full BA / 1 Half BA
Living Sq Ft 3,194 SF
Lot Size 11,282 SF (0.259 acres)
Year Built / Builder 2015 / Standard Pacific
Style Ranch — Single Story, No Interior Steps
Garage 3-Car Garage + RV Gate
Pool Yes — Play Pool, Variable Speed Pump
HOA $175/mo (Gated, Common Area, Street Maint)
List Price / $/SF $1,250,000 | $391.36/sf
DOM / List Date 17 days | Listed 01/12/2026
Listing Agent Kim Hartman, West USA Realty (Owner/Agent)

The home is a well-maintained luxury single-story in Cantabria's gated community. The seller is also the listing agent (Owner/Agent). Bathrooms were partially updated in 2025. The backyard features no direct neighbors behind, dual covered patios, infrared heating, gas BBQ, fireplace, misting system, and outdoor TV. Kitchen has 42" maple cabinets, granite counters, and a wine/coffee bar with built-in refrigerator.

✔ What to Like
  • Premium gated community — Cantabria commands $50–$100/sf premium over neighbors
  • Resort-style backyard — no rear neighbors, infrared heat, BBQ, fireplace, misting, TV, pool
  • Single-story on 11,282 SF lot with RV gate and 3-car garage
  • Top school district — Perry HS / Santan JH / Haley Elem (Chandler Unified)
⚠ What to Consider
  • Owner/Agent listing — seller is also the listing agent; may negotiate differently
  • 2015 original kitchen — maple cabinets & granite; top comps had modern renovations
  • Limited upgrades — only partial bath updates (2025); carpet/tile, no LVP/hardwood
  • HOA move-in costs ~$1,370 — $175/mo + $700 cap improvement + $400 disclosure

Recent Sales Analysis

We identified 4 recent comparable sales. Three are within Cantabria (strongest weight). One from a nearby premium community provides supporting context.

➤ View all four comparable listings at: liveazco.com/iris-comps

Address Subdiv Sold SqFt $/SF Bd/Ba Year Pool Close DOM
3922 E Redwood Pl Cantabria $1,200,000 2,918 $411 4/4 2016 Yes 12/04/25 62
3920 E Aloe Pl Cantabria $1,315,000 3,424 $384 5/5 2017 Yes 02/11/26 156
3970 E Iris Dr Cantabria $1,152,500 2,919 $395 4/3.5 2017 No 10/27/25 55
3694 E Aster Dr Layton Lks $1,350,000 3,743 $361 4/4 2015 Yes 01/22/26 111

Price Per Square Foot Comparison

Subject (Asking)
3770 E Iris Dr
$391/sf
Comp 1 — Redwood
Cantabria • 2,918 SF
$411/sf
Comp 2 — Aloe Pl
Cantabria • 3,424 SF
$384/sf
Comp 3 — Iris Dr
Cantabria • 2,919 SF
$395/sf
Comp 4 — Aster Dr
Layton Lks • 3,743 SF
$361/sf

Subject's $391/sf asking price is within the Cantabria range ($384–$411/sf). Comp 4 (Layton Lakes) at $361/sf reflects the premium Cantabria commands over non-gated communities.

Comparable Notes

Comp 1 — 3922 E Redwood Pl (Cantabria): Strongest comp. Same community, 4BD/4BA, pool, single-story. 276 SF smaller. Listed $1,295K → $1,245K → sold $1,200K (92.7% of original). Premium upgrades but still required cuts. Confirms $1.2M–$1.3M Cantabria ceiling.
Comp 2 — 3920 E Aloe Pl (Cantabria): Larger (3,424 SF), 5BD/5BA, pool, greenbelt. 156 days on market, reduced $95K from $1,425K. Shows even larger/upgraded Cantabria homes struggle above $1.3M. Adjusting for subject's smaller size: low-to-mid $1.2M.
Comp 3 — 3970 E Iris Dr (Cantabria): Same street, same builder, no pool. Sold $1,152,500 (96.3% of list) in 55 days. Pool premium ($25K–$40K) + size adjustment suggests subject ~$1,200K–$1,230K.
Comp 4 — 3694 E Aster Dr (Layton Lakes): Ceiling comp. Same vintage (2015), 4BD/4BA, pool, but 549 SF larger on waterfront lot. Sold $1,350K. Adjusting down: $1,200K–$1,250K.

Property Comparison Grid

* Subject shows list price (asking). All comps show actual sold prices.

Feature Subject Comp 1 Comp 2 Comp 3 Comp 4
Subdivision Cantabria Cantabria Cantabria Cantabria Layton Lks
Sold Price $1,250,000* $1,200,000 $1,315,000 $1,152,500 $1,350,000
Sq Ft 3,194 2,918 3,424 2,919 3,743
$/Sq Ft $391* $411 $384 $395 $361
Bed / Bath 4 / 4 4 / 4 5 / 5 4 / 3.5 4 / 4
Year Built 2015 2016 2017 2017 2015
Lot (SF) 11,282 10,983 11,201 10,984 14,905
Pool Yes Yes Yes No Yes
DOM 17 62 156 55 111
vs. Subject Similar Larger No Pool Ceiling

Value Analysis

Cantabria Avg $/SF
$396.71/sf
3 in-community sales averaged
Applied to Subject
$1,266,700
At avg $/sf × 3,194 SF
Adjusted Range
$385–$395/sf
Mid-range size, original finishes
Implied Value
$1,230K–$1,262K
Subject-adjusted × 3,194 SF

Approach 1 — Cantabria $/SF

The three Cantabria sales averaged $396.71/sf. The highest ($411/sf) came from a smaller home with premium upgrades; the largest sold at $384/sf. Given the subject's mid-range size and original finishes, we position it at $385–$395/sf, suggesting $1,229,690–$1,261,630.

Approach 2 — Bracket Method

Subject brackets between Comp 3 ($1,152,500, no pool) and Comp 2 ($1,315,000, larger). Adding pool premium + size adjustment to Comp 3 yields ~$1,202K–$1,223K. Subtracting extra bed/size from Comp 2 yields ~$1,265K–$1,280K. Overlap zone: $1,200,000–$1,260,000.

Approach 3 — Sale Price Trend

Both Cantabria comps that sold at higher prices required significant reductions ($95K–$125K cuts). Cantabria buyers resist pricing above $1,250K–$1,300K even for upgraded, larger homes. The subject sits right at this resistance level.

Estimated Market Value: $1,200,000 – $1,260,000

The midpoint is approximately $1,230,000. This is where we believe the property would appraise and where a well-informed buyer should anchor negotiations.

Market Context

Sale-to-List ($800K+)
97.3%
Sellers conceding ~2.7% on avg
Avg DOM ($800K+)
80 days
Subject at 17 — fresh listing
Area Avg $/SF ($800K+)
$352/sf
Cantabria premium: $384–$411/sf
6-Month Sales ($800K+)
68 closed
Adequate inventory; options exist
Cantabria Pricing Pattern: All three in-community comps sold below original list. Comp 1 dropped $95K, Comp 2 dropped $110K. Sellers consistently start high and negotiate down.
Subject Price History: No reductions yet (listed 01/12/2026). If it follows the Cantabria pattern, a reduction could come in 30–60 days.
Market Conditions: Not a fast-moving seller's market at $800K+. 80-day avg DOM and 97.3% sale-to-list ratios give buyers leverage.

About Cantabria

Cantabria (Estates at Cantabria) is a private gated community in Chandler, AZ, near Gilbert Road and Ocotillo Road. Built primarily by Standard Pacific (now CalAtlantic/Lennar), the community features single-story luxury homes on generous lots, typically 2,900–3,500+ SF. Amenities include a playground, gated entry, and access to the Chandler Unified School District (Perry HS, Santan JH, Haley Elem). Cantabria consistently commands a premium over nearby non-gated communities due to its exclusivity, lot sizes, and single-story focus.

Disclaimer: This market analysis is based on available MLS data and the professional opinion of the agents at Live AZ Co / Real Broker. It is not a formal appraisal. Actual appraised value may differ. All information should be independently verified.