1321 Fernwood Lane, Gilroy, California 95020, Gilroy, 95020 - 4 bed, 2 bath
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Gilroy, California 95020
This Spacious Single-Family Residence is a Strong Value Opportunity, listed at $878,000—positioned well below the $950,292 Fair Market Value by 7%. This valuation gap offers $72,292 in Instant Equity for the incoming owner. Boasting a Condition Rating of 3, the move-in-ready interior features a Granite Kitchen, Updated Bathrooms, and fresh paint. The expansive 8,700 sqft Lot on a quiet cul-de-sac provides Mountain Views and significant outdoor potential. Located near Solorsano Middle School, this home perfectly balances immediate lifestyle perks with long-term financial upside. It is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1321 Fernwood Lane Subject | $878,000* List Price | 4 | 2 | 1,657 | $574 | - |
A 7680 Santa Paula Drive Sold | $1,020,000 | 4 | 2 | 1,893 | $539 | 0.3 mi |
B 1250 Driftwood Sold | $925,000 | 3 | 2 | 1,503 | $615 | 0.1 mi |
C 751 W 6th Street Sold | $963,000 | 3 | 2 | 1,663 | $579 | 0.9 mi |
D 970 Ortega Circle Sold | $830,000 | 4 | 2 | 1,570 | $529 | 0.4 mi |
E 7335 Orchard Drive Sold | $1,025,000 | 4 | 2 | 2,014 | $509 | 0.9 mi |
F 1392 Mantelli Drive Sold | $925,000 | 4 | 2 | 1,350 | $685 | 0.9 mi |
G 7611 Westwood Drive Active | $999,000 List Price | 3 | 3 | 1,860 | $537 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1967 but well-maintained and move-in ready. The home features tastefully updated bathrooms and a functional kitchen with granite countertops. While the kitchen cabinetry and white appliances appear to be from a 10-15 year old renovation, the recent interior/exterior paint, laminate flooring, and addition of solar panels indicate consistent maintenance and modern utility.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8700, living area = 1657.
The home features fresh interior and exterior paint along with tastefully updated bathrooms, providing a move-in-ready aesthetic that appeals to modern buyers.
Situated on a generous 8,700 sqft lot within a quiet cul-de-sac, the property offers significant outdoor potential and a private, low-traffic environment.
The assigned elementary school has a lower rating (3/10), which may be a deterrent for families prioritizing high-performing educational scores.
The solar panels are leased rather than owned, requiring the buyer to assume a contractual obligation which can complicate the financing and closing process.
Welcome to 1321 Fernwood Lane, nestled on a quiet cul-de-sac in a well-established Gilroy neighborhood. This inviting home offers 4 bedrooms, 2 bathrooms, and approximately 1,657 square feet of versatile living space designed to accommodate a variety of lifestyles. Enjoy separate living and family rooms, providing flexibility for both everyday living and entertaining. The kitchen features a functional layout with granite countertops and ample cabinet space. The spacious primary bedroom includes an en-suite bathroom, while three additional bedrooms offer flexibility for family, guests, or a dedicated home office. Both bathrooms have been tastefully updated. Step outside to a large backyard set on a generous lot - offering endless potential to create your ideal outdoor oasis. Recent upgrades include new interior and exterior paint, enhancing the homes overall appeal. Additional highlights include leased solar panels and an attached two-car garage. Ideally located less than two miles from the shops and restaurants of Downtown Gilroy, with convenient access to major commute routes connecting you to the greater Silicon Valley.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 0.5 mi
Grades 6-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 27% |
| Square foot | 1,657 | 2,503 | 18% |
| Lot Size | 8,700 | 6,882 | 79% |
| Price | $878.0K | $1.15M | 15% |
| Price per sq ft | $530 | $514 | 57% |
| Built year | 1967 | 1998 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 154 | 1% |
Apr 20, 2026
$878,000
Initial Listing
Sep 9, 2011
$350,000
Public Record
Oct 15, 2009
$365,000
Public Record
Jul 16, 2007
$606,000
Public Record