690 El Cerrito Way, Gilroy, California 95020, Gilroy, 95020 - 4 bed, 2 bath
Loading property details...
Gilroy, California 95020
This Modernized Turnkey Residence is a Prime Investment Opportunity, listed at $875,000—positioned well below the $909,628 Fair Market Value by 3%. This valuation gap offers $34,628 in Instant Equity for the incoming buyer. Boasting a Condition Rating of 2, the home features a remodeled kitchen, solar panels, and a versatile bonus room perfect for a home office. Located in the Gilroy Unified School District with distant mountain views, it balances lifestyle comfort with financial upside. This is an ideal match for Owner-Occupants or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 690 El Cerrito Way Subject | $849,000* List Price | 4 | 2 | 1,420 | $598 | - |
A 8240 Springdale Court Sold | $810,000 | 4 | 2 | 1,368 | $592 | 0.7 mi |
B 1330 Redwood Lane Sold | $925,000 | 3 | 2 | 1,533 | $603 | 0.8 mi |
C 1007 Howard Avenue Sold | $950,000 | 3 | 2 | 1,549 | $613 | 0.7 mi |
D 7669 Santa Inez Court Sold | $950,888 | 4 | 2 | 1,570 | $606 | 0.8 mi |
E 1173 Ortega Circle Sold | $1,080,000 | 4 | 2 | 1,839 | $587 | 0.7 mi |
F 8340 Forest Street Sold | $830,000 | 4 | 2 | 1,368 | $607 | 0.7 mi |
G 9190 Avezan Way Sold | $988,000 | 4 | 2 | 1,826 | $541 | 1.0 mi |
H 8312 Kelton Drive Pending | $829,999 List Price | 3 | 2 | 1,252 | $663 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1952, the home has undergone a comprehensive recent renovation (likely <5 years) including a modern kitchen with stainless steel appliances, updated laminate flooring throughout, and tastefully remodeled bathrooms. The addition of central A/C and solar panels indicates modernized systems, making it move-in ready with no immediate maintenance required.
The home features extensive contemporary updates including a remodeled kitchen with stainless steel appliances, updated flooring, and energy-efficient solar panels paired with central A/C.
A dedicated bonus room provides essential flexibility for a home office, gym, or additional living area, catering well to modern work-from-home needs.
The low-maintenance backyard is equipped with a pergola-covered patio, offering a move-in-ready space for relaxation and social gatherings without the burden of heavy landscaping.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1420, other record living area = 1178.
With only 1.5 bathrooms serving three bedrooms, the configuration may be a drawback for growing families or buyers prioritizing a full primary ensuite.
Built in 1952, the property may present long-term maintenance considerations related to aging core systems typical of homes from this era, despite the aesthetic renovations.
Welcome to 690 El Cerrito Way in Gilroy! This 4 bedroom, 1.5 bathroom home offers 1,420 sqft of living space on a 6,200 sqft lot with thoughtful updates throughout and no HOA. The light-filled kitchen features ample cabinetry, stainless steel appliances, and opens to a cozy dining area. The spacious living room showcases updated flooring and a modern fireplace feature wall, creating a warm and inviting atmosphere. Laminate flooring runs throughout the home. Both bathrooms have been tastefully updated, including a stylish full bath with a sleek vanity. Bedrooms are well-sized, with unique accent walls adding character. Enjoy central A/C and solar for year-round comfort and efficiency. Step outside to a low-maintenance backyard with a pergola-covered patio, ideal for entertaining or relaxing evenings. Conveniently located near Alehouse Bar & Grill, Pineapple Village, and nearby grocery stores, with easy access to commuter routes, this home is a great blend of comfort, style, and functionality.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,420 | 1,983 |
| Lot Size | 6,200 | 7,000 |
| Price | $849.0K | $1.16M |
| Price per sq ft | $598 | $533 |
| Built year | 1952 | 1997 |
| HOA | $0 | $202 |
| Days on market | 91 | 44 |
May 17, 2026
$849,000
$859,000
-1% Price Drop
Initial Listing
May 3, 2026
$859,000
$875,000
-2% Price Drop
Initial Listing
Apr 22, 2026
$875,000
Initial Listing
Nov 25, 2020
$740,000
Public Record
May 19, 2010
$165,000
Public Record
May 3, 2002
$365,000
Public Record