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7120 Rece Lane, Gilroy, California 95020, Gilroy, 95020 - 4 bed, 3 bath

7120 Rece Lane, Gilroy, California 95020 home-pic-0
ACTIVE$1,649,900
7120 Rece Lane, Gilroy, California 95020
4Beds
3Baths
3,045Sqft
5,392Lot

Price Vs. Estimate

The estimated value ($1,482,818.615) is $167,081.385 (10%) lower than the list price ($1,649,900). This property may be overpriced.

Key pros and cons

Top Pros:
Brand New Construction & Modern Amenities: Built in 2023, this home features multi-zone HVAC, a tankless water heater, a smart home system, and a 3-car garage with Level 2 EV hookup capability, offering contemporary comfort and efficiency.
Top Cons:
Ongoing Association Fees: The property incurs a monthly association fee of $155.0, which adds to the recurring cost of homeownership.

Compared to the nearby listings

Price:$1.65M vs avg $1.16M (+$494,900)82%
Size:3,045 sqft vs avg 2,477.5 sqft76%
Price/sqft:$542 vs avg $51958%

More Insights

Built in 2023 (2 years old).
Condition: This property was built in 2023, making it brand new construction. The listing details highlight a 'gourmet chefs kitchen' with high-end appliances, quartz countertops, and a pot filler, along with a primary suite featuring an oversized tub and stall shower. All systems, including multi-zone HVAC, tankless water heater, and a smart home system, are new and meet current quality standards. The images confirm a pristine, modern aesthetic with high-quality finishes, fixtures, and appliances throughout the kitchen and bathrooms, showing no signs of wear or depreciation.
Year Built
2023
Close
-
List price
$1.65M
Original List price
$2.2M
Price/Sqft
$542
HOA
$155
Days on market
-
Sold On
-
MLS number
ML82002487
Home ConditionExcellent
Features
Good View: Hills, Mountain(s), Neighborhood
Deck
Patio
ViewHills, Mountain(s), Neighborhood

About this home

Homesite 49 | Plan 2. Fully furnished model home featuring 4 bedrooms and 3 baths in approximately 3,045 sq. ft. This two-story Craftsman-style home offers a reverse floorplan with a main-level bedroom and full bath, open-concept Great Room with gas fireplace, and a gourmet chefs kitchen with quartz countertops, island with sink, pot filler, walk-in pantry, and high-end appliances including wine fridge. Upstairs, the loft includes built-in cabinets and desks, and the Primary Suite offers oversized tub, stall shower, walk-in closet, and laundry access. Enjoy multiple outdoor spaces with fenced backyard, balcony, outdoor kitchen, and barbecue area. Additional highlights include multi-zone HVAC, tankless water heater, smart home system, and attached 3-car garage with Level 2 EV hookup capability. Brix at Glen Loma Ranch is a hillside community with parks, trails, and scenic views, offering a serene lifestyle while close to Gilroy amenities. Photos are of the actual home.

Nearby schools

7/10
Las Animas Elementary School
Public,•K-5•0.6mi
3/10
El Roble Elementary School
Public,•K-5•0.9mi
5/10
Solorsano Middle School
Public,•6-8•0.4mi
5/10
Brownell Middle School
Public,•6-8•1.2mi
5/10
Gilroy High School
Public,•9-12•0.8mi
Condition Rating
Excellent
This property was built in 2023, making it brand new construction. The listing details highlight a 'gourmet chefs kitchen' with high-end appliances, quartz countertops, and a pot filler, along with a primary suite featuring an oversized tub and stall shower. All systems, including multi-zone HVAC, tankless water heater, and a smart home system, are new and meet current quality standards. The images confirm a pristine, modern aesthetic with high-quality finishes, fixtures, and appliances throughout the kitchen and bathrooms, showing no signs of wear or depreciation.
Pros & Cons

Pros

Brand New Construction & Modern Amenities: Built in 2023, this home features multi-zone HVAC, a tankless water heater, a smart home system, and a 3-car garage with Level 2 EV hookup capability, offering contemporary comfort and efficiency.
Gourmet Chef's Kitchen: The kitchen is equipped with high-end features including quartz countertops, an island with a sink, a pot filler, a walk-in pantry, and premium appliances including a wine fridge, ideal for culinary enthusiasts.
Extensive Outdoor Living Spaces: The property boasts multiple outdoor areas, including a fenced backyard, a balcony, an outdoor kitchen, and a barbecue area, perfect for entertaining and relaxation.
Significant Price Reduction: The listing has seen a substantial price drop from an original $2.2M to $1.6499M, presenting a potentially attractive value proposition for buyers.
Desirable Community & Views: Located in Brix at Glen Loma Ranch, a hillside community with parks, trails, scenic views (Hills, Mountain(s), Neighborhood), and good local schools, offering a serene lifestyle.

Cons

Ongoing Association Fees: The property incurs a monthly association fee of $155.0, which adds to the recurring cost of homeownership.
Reverse Floorplan: The reverse floorplan, with main living areas on an upper level, may not appeal to all buyers who prefer traditional layouts with primary living spaces on the ground floor.
Modest Lot Size: With a lot size of 5,392 sq. ft. for a 3,045 sq. ft. home, some buyers might find the outdoor space relatively modest, potentially limiting extensive landscaping or recreational areas.

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