2025 Pacheco Pass Highway, Gilroy, California 95020, Gilroy, 95020 - 3 bed, 1 bath
ACTIVE$995,000
2025 Pacheco Pass Highway, Gilroy, California 95020
3Beds
1Bath
2,682Sqft
84,680.641Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 84680, living area = 2682.
Top Cons:
Advanced Age of Structures: Built in 1940, the structures are quite old, likely requiring significant capital investment for updates, renovations, and ongoing maintenance to meet modern standards.
Compared to the nearby listings
Price:$995.0K vs avg $1.15M ($-155,000)28%
Size:2,682 sqft vs avg 2,477.5 sqft66%
Price/sqft:$371 vs avg $5183%
More Insights
Built in 1940 (85 years old).
Condition: Built in 1940, this property is 84 years old with no apparent major renovations in recent decades. The images reveal very dated interiors, including carpeted floors, beadboard walls, and a window AC unit, suggesting a lack of modern updates. The exterior of the outbuildings appears dilapidated. The property analysis explicitly notes the 'Advanced Age of Structures' and the need for 'significant capital investment for updates, renovations, and ongoing maintenance to meet modern standards.' While no photos of the kitchen or bathroom are provided, their condition is presumed to be equally outdated, requiring substantial rehabilitation. The main house having only one bathroom for three bedrooms is a significant functional drawback. This property requires substantial repairs and rehabilitation to meet current living standards.
Year Built
1940
Close
-
List price
$995K
Original List price
$1.15M
Price/Sqft
$371
HOA
-
Days on market
-
Sold On
-
MLS number
ML81613873
Home ConditionPoor
Features
Good View:
View-
About this home
Major Price Reduction! Property shown by appointment only. DO NOT DISTURB OCCUPANTS! Incredible opportunity only minutes to town! This property consists of two separate parcels being sold totaling 2.13 acres of usable land (APN# 841-23-013 & 841-23-009). The properties feature a 3 bedroom 1 bath home (approximately 1300 sf.), operating neighborhood market (approximately 1032 sf., 1 bedroom cottage (approximately 350 sf.) and a shop/barn (approximately 750 sf. Numerous fruit trees, 7 off street parking stalls, and street signage. Recent addition of Traffic light at intersection of Pacheco Pass Highway and Frasier Lake Road has increased business tremendously.Why buy a single family residence when you can buy a family compound??? This property has great upside potential and in the path of future development. Don't miss out!!
Condition Rating
Poor
Built in 1940, this property is 84 years old with no apparent major renovations in recent decades. The images reveal very dated interiors, including carpeted floors, beadboard walls, and a window AC unit, suggesting a lack of modern updates. The exterior of the outbuildings appears dilapidated. The property analysis explicitly notes the 'Advanced Age of Structures' and the need for 'significant capital investment for updates, renovations, and ongoing maintenance to meet modern standards.' While no photos of the kitchen or bathroom are provided, their condition is presumed to be equally outdated, requiring substantial rehabilitation. The main house having only one bathroom for three bedrooms is a significant functional drawback. This property requires substantial repairs and rehabilitation to meet current living standards.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 84680, living area = 2682.
Income-Generating & Mixed-Use Potential: The property features an operating neighborhood market, a main 3-bedroom home, and a 1-bedroom cottage, offering diverse income streams and versatile usage options.
Significant Land & Multiple Structures: Comprising two separate parcels totaling 2.13 usable acres, the property includes a main residence, market, cottage, and a shop/barn, providing ample space and utility.
Strategic Location & Business Growth: A recent traffic light installation at the intersection has 'increased business tremendously' for the market, indicating strong commercial viability and growth potential.
Future Development Potential: Explicitly noted as being 'in the path of future development' with 'great upside potential,' suggesting significant long-term investment value.
Recent Price Reduction: A substantial price reduction from $1,150,000 to $995,000 makes the property more attractive and signals a motivated seller, potentially offering better value for buyers.
Cons
Advanced Age of Structures: Built in 1940, the structures are quite old, likely requiring significant capital investment for updates, renovations, and ongoing maintenance to meet modern standards.
Limited Bathroom Facilities: The main 3-bedroom home has only one bathroom, which may be insufficient for a family or multiple occupants, and could be a functional drawback for the overall compound.
Extended Time on Market: The property has been on the market since September 2016, indicating potential challenges in attracting buyers or issues with initial pricing or perceived condition despite the recent price reduction.