381 Arnold Drive, Gilroy, California 95020, Gilroy, 95020 - 3 bed, 2 bath
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381 Arnold Drive
Gilroy, California 95020
ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,275Sq Ft
7,392Lot Size
Property Price
LIST PRICE$849,000
EST. MARKET VALUE
$890,293
4% BelowMARKET VALUE
SUMMARY
This Single Family Residence is a Strong Value Opportunity, listed at $849,000—positioned well below the $890,293 Fair Market Value by 4%. This valuation gap offers $41,293 in Instant Equity. Featuring a Condition Rating of 3, the home includes refurbished hardwood floors, remodeled bathrooms, and new Pex plumbing. Situated on a large lot at the end of a cul-de-sac near Las Animas Park, it is an ideal choice for Owner-Occupants or first-time buyers seeking a move-in ready home with significant long-term potential.
Estimated Market Value
$890,293+$41,293 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Gilroy.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 381 Arnold Drive Subject 3 bd · 2 ba · 1,275 sqft · $698 | $849,000* List Price | 3 | 2 | 1,275 | $698 | - |
A 8431 Wayland Lane Sold 3 bd · 2 ba · 1,191 sqft · $693 · 0.3 mi | $825,000 | 3 | 2 | 1,191 | $693 | 0.3 mi |
B 833 Welburn Avenue Sold 4 bd · 2 ba · 1,209 sqft · $743 · 0.5 mi | $898,888 | 4 | 2 | 1,209 | $743 | 0.5 mi |
C 8312 Kelton Drive Sold 3 bd · 2 ba · 1,252 sqft · $727 · 0.9 mi | $910,000 | 3 | 2 | 1,252 | $727 | 0.9 mi |
D 690 El Cerrito Way Sold 4 bd · 2 ba · 1,420 sqft · $599 · 0.4 mi | $850,000 | 4 | 2 | 1,420 | $599 | 0.4 mi |
E 8440 Diane Ct Sold 4 bd · 2 ba · 1,358 sqft · $638 · 0.1 mi | $866,000 | 4 | 2 | 1,358 | $638 | 0.1 mi |
F 7520 Carmel Street Sold 3 bd · 0 ba · 1,283 sqft · $631 · 1.0 mi | $810,000 | 3 | 0 | 1,283 | $631 | 1.0 mi |
G 8135 Las Animas Court Active Under Contract 3 bd · 2 ba · 1,376 sqft · $654 · 0.4 mi | $899,900 List Price | 3 | 2 | 1,376 | $654 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While built in 1961, the property has undergone significant recent updates including remodeled bathrooms with tile walls, new Pex plumbing, and refurbished original hardwood floors. The kitchen features updated stainless steel appliances and recessed lighting. The home is well-maintained, move-in ready, and shows pride of ownership.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 7392, living area = 1275.
- Prime Location & Lot Utility
Situated at the end of a quiet cul-de-sac just steps from Las Animas Park, the property features a large side yard ideal for RV or boat parking.
- Significant Interior Upgrades
The home boasts tastefully remodeled bathrooms, refurbished original hardwood floors, and all-new Pex plumbing, offering a move-in-ready experience with updated infrastructure.
CONSRISKS & DEFICIENCIES
- Limited Living Space
With only 1,275 square feet of living area, the interior footprint may feel restrictive for buyers accustomed to more expansive modern floor plans.
- Potential Climate Control Limitations
The listing mentions ceiling fans and a fireplace but lacks confirmation of central air conditioning, which is a significant consideration for Gilroy's warm summer climate.
About 381 Arnold Drive
Welcome to 381 Arnold Drive. This home is located at the end of a cul-de-sac. 1 owner since 1961. Original hardwood floors have been refurbished. Remodeled and updated bathrooms with tile walls. Primary bedroom en suite has pocket door with obscure glass. All new Pex plumbing. New interior bedroom doors, casings, trim and baseboards. Wood burning fireplace with insert. Lots of recessed lighting. Covered patio. Ceiling fans. Large side yard for RV or boat parking. Steps away from City's Las Animas Park.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1961
- Lot Size
- 7,392 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 2.8 |
| Square foot | 1,275 | 2,196.322 |
| Lot Size | 7,392 | 6,856.437 |
| Price | $849.0K | $1.13M |
| Price per sq ft | $666 | $537 |
| Built year | 1961 | 1995 |
| HOA | $0 | $175 |
| Days on market | 10 | 51 |
Pricing History
Listed for Sale
Oct 14, 2026
$849,000
Initial Listing