1165 Lerma Lane, Gilroy, California 95020, Gilroy, 95020 - 3 bed, 2 bath
ACTIVE$860,000$1,219/sqft
Est. Value: $853,067
%
FairlyEstimate
1165 Lerma Lane, Gilroy, California 95020
3Beds
2Baths
1,219Sqft
4,700Lot
Price Vs. Estimate
The estimated value ($853,067.345) is $6,932.655 (0%) lower than the list price ($860,000). This property may be overpriced.
Key pros and cons
Top Pros:
Desirable Location & Walkability: Located in Gilroy's highly desirable Northwest Quadrant with a prime walkable location near Luigi Aprea Elementary and neighborhood parks, enhancing family appeal and convenience.
Top Cons:
Compact Square Footage: At 1219 sqft, the home's interior living space is relatively compact for a 3-bedroom property, which might be a consideration for buyers seeking more expansive room sizes or future growth.
Compared to the nearby listings
Price:$860.0K vs avg $1.15M ($-290,000)13%
Size:1,219 sqft vs avg 2,341 sqft6%
Price/sqft:$705 vs avg $51989%
More Insights
Built in 1987 (39 years old).
Condition: Despite being built in 1987, the property has been beautifully remodeled and updated within the last five years, as stated in the description and clearly visible in the images. The kitchen features modern white shaker cabinets, quartz countertops, a contemporary herringbone subway tile backsplash, and new stainless steel appliances, including a new dishwasher. Both bathrooms are also extensively updated with modern vanities, fixtures, and subway tile surrounds. The home boasts newer HVAC/AC, dark wood-look flooring throughout, recessed lighting, and a fresh, modern aesthetic, indicating all components are virtually new and meet current quality standards with no deferred maintenance.
Year Built
1987
Close
-
List price
$860K
Original List price
$860K
Price/Sqft
$705
HOA
$145
Days on market
-
Sold On
-
MLS number
ML82031279
Home ConditionExcellent
Features
Patio
View-
About this home
Located in Gilroy's highly desirable Northwest Quadrant, this beautifully remodeled 3-bedroom, 2-bath home offers an ideal layout with a bedroom and full bathroom on the main floor perfect for guests, multi-gen living, or a private work-from-home space. Updated within the last five years, the home shines with an open floor plan, vaulted ceilings, abundant natural light, and a cozy living room fireplace. Enjoy a spacious backyard made for entertaining, BBQs, and everyday fun. With newer HVAC/AC, a new dishwasher, and a prime walkable location near Luigi Aprea Elementary and neighborhood parks, this home is the total package.
C
Carolyn Burkhardt
Listing Agent
Price History
Date
Event
Price
05/28/99
Sold
$270,000
10/01/21
Sold
$838,000
12/03/19
Sold
$625,000
10/19/12
Sold
$275,000
01/03/07
Sold
$599,000
09/10/04
Sold
$508,000
Condition Rating
Excellent
Despite being built in 1987, the property has been beautifully remodeled and updated within the last five years, as stated in the description and clearly visible in the images. The kitchen features modern white shaker cabinets, quartz countertops, a contemporary herringbone subway tile backsplash, and new stainless steel appliances, including a new dishwasher. Both bathrooms are also extensively updated with modern vanities, fixtures, and subway tile surrounds. The home boasts newer HVAC/AC, dark wood-look flooring throughout, recessed lighting, and a fresh, modern aesthetic, indicating all components are virtually new and meet current quality standards with no deferred maintenance.
Pros & Cons
Pros
Desirable Location & Walkability: Located in Gilroy's highly desirable Northwest Quadrant with a prime walkable location near Luigi Aprea Elementary and neighborhood parks, enhancing family appeal and convenience.
Recent Remodel & Modern Interior: Beautifully remodeled within the last five years, featuring an open floor plan, vaulted ceilings, and abundant natural light, offering a contemporary living experience.
Flexible Main Floor Layout: Includes a bedroom and full bathroom on the main floor, ideal for guests, multi-generational living, or a dedicated work-from-home space.
Updated Systems & Appliances: Equipped with newer HVAC/AC and a new dishwasher, providing modern comfort and reducing immediate maintenance concerns for essential systems.
Spacious Outdoor Entertainment: Features a spacious backyard designed for entertaining, BBQs, and everyday enjoyment, adding significant lifestyle value.
Cons
Compact Square Footage: At 1219 sqft, the home's interior living space is relatively compact for a 3-bedroom property, which might be a consideration for buyers seeking more expansive room sizes or future growth.
Association Fee: The property incurs a monthly association fee of $145, adding to the recurring ownership costs, which some buyers may prefer to avoid.
Modest Lot Size: With a lot size of 4700 sqft, while described as having a 'spacious backyard,' the overall lot is modest, potentially limiting significant future expansion or appeal to buyers desiring larger land parcels.