1165 Lerma Lane, Gilroy, California 95020, Gilroy, 95020 - 3 bed, 2 bath
1165 Lerma Lane
Gilroy, California 95020
Property Price
SUMMARY
Analysis of 1165 Lerma Lane, Gilroy, California 95020 reveals a property with a current list price of $849,000, which is 3% above the estimated $818,243 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Gilroy Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1165 Lerma Lane Subject | $849,000* List Price | 3 | 2 | 1,219 | $671 | - |
A 1355 Cypress Court Sold | $799,000 | 2 | 2 | 1,302 | $614 | 1.0 mi |
B 1180 Peterson Drive Sold | $1,100,000 | 3 | 2 | 1,608 | $684 | 0.4 mi |
C 820 Woodcreek Way Sold | $890,000 | 4 | 3 | 1,504 | $592 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property meets the 'excellent' criteria due to an extensive renovation completed within the last five years. It features a modern open floor plan, vaulted ceilings, updated kitchen with a new dishwasher, newer HVAC/AC systems, and contemporary flooring and fixtures throughout, showing no signs of deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Recent Modern Updates
The home has been extensively updated within the last five years, featuring a newer HVAC system, a new dishwasher, and a modern open floor plan with vaulted ceilings.
- Flexible Floor Plan
A rare main-floor bedroom and full bathroom provide excellent versatility for multi-generational living, guest accommodations, or a private home office.
- Desirable Location
Situated in Gilroy's sought-after Northwest Quadrant, the property is within walking distance of Luigi Aprea Elementary and local parks, offering high lifestyle convenience.
CONSRISKS & DEFICIENCIES
- Compact Square Footage
With only 1,219 square feet of living space for a three-bedroom home, the interior rooms and common areas may feel somewhat constrained for larger families.
- Mandatory Association Fees
The property is subject to a $145 monthly association fee, which is an additional recurring expense not always found with detached single-family homes in the area.
About 1165 Lerma Lane
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1987
- Lot Size
- 4,700 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $145.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 24% |
| Baths | 2.0 | 3.0 | 29% |
| Square foot | 1,219 | 2,271.5 | 3% |
| Lot Size | 4,700 | 6,810 | 17% |
| Price | $849.0K | $1.12M | 10% |
| Price per sq ft | $696 | $518 | 91% |
| Built year | 1987 | 1998 | 39% |
| HOA | $145.0 | $0 | 77% |
| Days on market | 51 | 173 | 10% |
Pricing History
Listed for Sale
Feb 20, 2026
$849,000
$860,000
-1% Price Drop
Initial Listing
Price Change
Jan 15, 2026
$860,000
Initial Listing
Sold
Oct 1, 2021
$838,000
Public Record
Sold
Dec 3, 2019
$625,000
Public Record
Sold
Oct 19, 2012
$275,000
Public Record
Sold
Jan 3, 2007
$599,000
Public Record
Sold
Sep 10, 2004
$508,000
Public Record
Sold
May 28, 1999
$270,000
Public Record