440 W 7th Street, Gilroy, California 95020, Gilroy, 95020 - 3 bed, 2 bath
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Gilroy, California 95020
This Value-Add Single-Family Residence is a Strong Value Opportunity, listed at $799,000—positioned well below the $845,716 Fair Market Value by 5%. This valuation gap provides $46,716 in Instant Equity for buyers prepared to modernize the 1948 infrastructure. Featuring a Fair Condition Rating, the property’s standout asset is its 8,346 sqft Corner Lot and functional layout with separate living spaces for rental income. Located within the Gilroy Unified School District near comparable homes selling for over $900,000, this is a high-potential acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 440 W 7th Street Subject | $799,000* List Price | 3 | 2 | 1,682 | $503 | - |
A 751 W 6th Street Sold | $963,000 | 3 | 2 | 1,663 | $579 | 0.3 mi |
B 7681 Rea Street Sold | $920,000 | 3 | 2 | 1,890 | $487 | 0.5 mi |
C 7630 Hanna Street Sold | $805,000 | 3 | 2 | 1,519 | $530 | 0.4 mi |
D 7335 Orchard Drive Sold | $1,025,000 | 4 | 2 | 2,014 | $509 | 0.3 mi |
E 7490 Santa Theresa Drive Active | $899,000 List Price | 3 | 2 | 1,540 | $584 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1948, this property is in fair condition. While the interior is clean and functional, the kitchen features dated oak cabinetry and older tile flooring, and the listing description explicitly mentions the need for 'TLC' and 'value-add potential.' The home appears to have been maintained with occasional updates but lacks a comprehensive modern renovation, making it a candidate for cosmetic and systemic modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8346, living area = 1682.
Situated on a spacious 8,346 sqft corner lot, the property offers enhanced privacy and significant potential for expansion or outdoor customization.
The home features a functional layout with separate living spaces currently utilized for rental income, making it an ideal choice for investors or multi-generational living.
The property is noted as needing 'TLC,' suggesting that immediate capital investment and effort will be required for repairs and cosmetic updates.
Built in 1948, the home likely features aging systems and structural elements that may require modernization to meet current building codes and efficiency standards.
Ideal for first-time buyers or investors, single-story home on a prime corner lot with great value-add potential. This property offers a functional layout and is currently utilized for rental income with separate living spaces. With some TLC, this home presents an excellent opportunity to customize and build equity. Conveniently located near schools, parks, shopping, and commuter routes.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 24% |
| Baths | 2.0 | 3.0 | 27% |
| Square foot | 1,682 | 2,503 | 19% |
| Lot Size | 8,346 | 6,882 | 78% |
| Price | $799.0K | $1.15M | 7% |
| Price per sq ft | $475 | $514 | 35% |
| Built year | 1948 | 1998 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 154 | 1% |
Mar 29, 2026
$799,000
Initial Listing
May 24, 2019
$625,000
Public Record