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, Gilroy, California 95020, Gilroy, 95020 - 5 bed, 5 bath

, Gilroy, California 95020 home-pic-0
ACTIVE UNDER CONTRACT$1,999,888
, Gilroy, California 95020
5Beds
5Baths
3,803Sqft
12,632Lot

Price Vs. Estimate

The estimated value ($1,884,382.28) is $115,505.72 (5%) lower than the list price ($1,999,888). This property may be overpriced.

Key pros and cons

Top Pros:
Secondary Dwelling Unit (ADU): The property includes an entirely separate 1 bedroom, 1 bath secondary dwelling, offering significant value for multi-generational living, rental income potential, or a dedicated home office.
Top Cons:
Extended Days on Market & Price Reduction: The property has been on the market for 91 days and has undergone a $100,000 price reduction, suggesting potential challenges in attracting a buyer at the initial price point or a slower market for luxury homes in this specific area.

Compared to the nearby listings

Price:$2.00M vs avg $1.16M (+$844,888)90%
Size:3,803 sqft vs avg 2,477.5 sqft93%
Price/sqft:$526 vs avg $51952%

More Insights

This property has been on the market for 91 days.
Built in 2018 (7 years old).
Condition: Built in 2018, this property is only 6 years old and presents as virtually new. The kitchen features high-end stainless steel appliances, custom cabinetry, and waterfall countertops, reflecting a modern and luxurious design. Bathrooms are equally updated with contemporary fixtures, dual sinks, and a soaking tub. Throughout the home, there is consistent modern tile and wood-look flooring, recessed lighting, and smart home features like Nest thermostats and multi-zoned A/C, indicating all components are new, meet current quality standards, and show no signs of deferred maintenance or depreciation.
Year Built
2018
Close
-
List price
$2M
Original List price
$2.1M
Price/Sqft
$526
HOA
$100
Days on market
91 Days
Sold On
2022-08-05
MLS number
ML81890513
Home ConditionExcellent
Features
Good View: Neighborhood
ViewNeighborhood

About this home

$100,000 Price Drop. Welcome to this beautiful custom built home located in the sought after Country Estates neighborhood that offers unparalleled craftsmanship. Luxury envelops this 5 bedroom, 4.5 bath home with a generous floor plan & an entirely separate 1 bedroom, 1 bath secondary dwelling. The show-stopping kitchen includes custom cabinetry, waterfall countertops, stainless steel appliances, & a walk-in pantry. Other features include a downstairs master suite, butler's pantry, gas fireplace, dual pane windows, open loft area, recess lighting, high ceilings, multi-zoned A/C, Nest thermostats, upstairs laundry room & a spacious three car garage. Master bedroom offers a large walk-in closet, bathroom w/ double sinks, large stall shower, soaking tub, & french doors leading to the private balcony w/ beautiful hillside and neighborhood views. Convenient location with easy commute access. Seller will accept/consider a "Sale Contingency" (should buyer need to sell their home to buy).

Condition Rating
Excellent
Built in 2018, this property is only 6 years old and presents as virtually new. The kitchen features high-end stainless steel appliances, custom cabinetry, and waterfall countertops, reflecting a modern and luxurious design. Bathrooms are equally updated with contemporary fixtures, dual sinks, and a soaking tub. Throughout the home, there is consistent modern tile and wood-look flooring, recessed lighting, and smart home features like Nest thermostats and multi-zoned A/C, indicating all components are new, meet current quality standards, and show no signs of deferred maintenance or depreciation.
Pros & Cons

Pros

Secondary Dwelling Unit (ADU): The property includes an entirely separate 1 bedroom, 1 bath secondary dwelling, offering significant value for multi-generational living, rental income potential, or a dedicated home office.
Luxury Finishes & Modern Amenities: This custom-built home boasts unparalleled craftsmanship, a show-stopping kitchen with custom cabinetry, waterfall countertops, and stainless steel appliances, along with multi-zoned A/C, Nest thermostats, recess lighting, and high ceilings, indicating a high-quality, move-in ready residence.
Spacious & Functional Layout: With a generous floor plan, 5 bedrooms, 4.5 baths, a desirable downstairs master suite, an open loft area, and an upstairs laundry room, the home offers ample space and convenience for diverse family needs.
Desirable Location & Views: Located in the sought-after Country Estates neighborhood with convenient commute access, the property also features beautiful hillside and neighborhood views from the private master bedroom balcony.
Newer Construction & Condition: Built in 2018, this relatively new home benefits from modern building standards, dual-pane windows, and a spacious three-car garage, minimizing immediate maintenance concerns for a buyer.

Cons

Extended Days on Market & Price Reduction: The property has been on the market for 91 days and has undergone a $100,000 price reduction, suggesting potential challenges in attracting a buyer at the initial price point or a slower market for luxury homes in this specific area.
Seller's Willingness for Sale Contingency: The seller's openness to considering a 'Sale Contingency' indicates a strong desire to secure a buyer, potentially due to a lack of strong, non-contingent offers, which can complicate and prolong the sales process.
Limited View Type: While offering 'beautiful hillside and neighborhood views,' the property does not feature more premium views such as ocean, city skyline, or expansive mountain ranges, which some buyers at this luxury price point might expect or prefer.

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