7051 Eigleberry Street, Gilroy, California 95020, Gilroy, 95020 - 3 bed, 2 bath
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Gilroy, California 95020
This Modernized Turnkey Residence is a Strong Value Opportunity, listed at $849,000—positioned well below the $908,316 Fair Market Value by 6%. This valuation gap provides $59,316 in Instant Equity for a property with an Excellent Condition Rating following a comprehensive 2022 renovation of all major systems. Beyond the designer finishes, the R3-zoned lot and intact plumbing for a second kitchen offer significant house-hacking potential. Located in the Gilroy Unified district with a Walk Score of 83, it is an ideal match for Owner-Occupants or multi-generational families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7051 Eigleberry Street Subject | $849,000* List Price | 3 | 2 | 1,609 | $565 | - |
A 7335 Orchard Drive Sold | $1,025,000 | 4 | 2 | 2,014 | $509 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1950, the property underwent a comprehensive, top-to-bottom renovation in 2022. This includes all major systems—roof, plumbing, electrical, and HVAC—as well as modern interior updates such as new flooring, recessed lighting, contemporary ceiling fans, and fully remodeled bathrooms with current tile trends. The presence of a tankless water heater and updated windows further confirms that all components meet modern quality standards with no deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7450, living area = 1609.
The property underwent a complete top-to-bottom renovation in 2022, including the roof, HVAC, plumbing, and electrical systems, ensuring a turnkey, move-in-ready experience with no immediate maintenance projects.
Zoned R3 on an oversized lot with pre-existing plumbing for a second kitchen, the layout allows for an easy conversion into a duplex or multi-generational home to offset mortgage costs with rental income.
The property has been on the market for 90 days and has undergone multiple significant price reductions from its initial $1.035M listing, which may indicate previous overpricing or buyer caution.
Despite the modern 2022 updates, the core structure dates back to 1950, which may result in smaller room scales or architectural limitations compared to contemporary new-construction homes.
Fully renovated in 2022 roof, plumbing, electrical, HVAC, kitchen, bathrooms, windows, doors, flooring & paint. No surprises, no projects, just move-in ready. 4 beds | 2 baths | 1,609 sqft on an oversized 7,450 sqft R3-zoned lot with an attached 2-car garage. The rear wing features 3 beds, 1 bath, a full kitchen & laundry connections perfect for extended family or guests. The front section offers 1 bed, 1 bath, stacked laundry connections & a generous open living area that flows beautifully as one large connected space or separates privately via an interior hallway door. Investor upside you can't ignore: all original plumbing & electrical for a second kitchen remains intact beneath the flooring making a permitted kitchen addition a realistic, low-cost path to creating a second income unit. Live in the whole home now, add the kitchen later and offset your mortgage with rental income. R3 zoning opens the door to additional development potential (verify with City of Gilroy permitting). Walk Score 83. Minutes to Silicon Valley jobs, Gilroy Premium Outlets & top commuter routes without the Bay Area price tag.
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 | 1,609 | 2,503 | 18% |
| Lot Size | 7,450 | 6,882 | 67% |
| Price | $849.0K | $1.15M | 11% |
| Price per sq ft | $528 | $514 | 56% |
| Built year | 1950 | 1998 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 78 | 154 | 26% |
Mar 13, 2026
$849,000
$935,000
-9% Price Drop
Initial Listing
Mar 7, 2026
$935,000
$985,000
-5% Price Drop
Initial Listing
Feb 26, 2026
$985,000
$1,035,000
-5% Price Drop
Initial Listing
Feb 3, 2026
$1,035,000
Initial Listing
Dec 16, 2021
$715,000
Public Record