7208 Carmel Street, Gilroy, California 95020, Gilroy, 95020 - 3 bed, 2 bath
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7208 Carmel Street
Gilroy, California 95020
ACTIVE UNDER CONTRACT
CONDITION: FAIR
3Beds
2Baths
1,228Sq Ft
7,280Lot Size
Property Price
LIST PRICE$839,000
EST. MARKET VALUE
$836,753
SUMMARY
This Single Family Residence represents a Strong Value Opportunity, listed at $839,000—positioned well below the $836,754 Fair Market Value (Note: Market parity). With a Condition Rating of 4, the home offers a solid foundation featuring hardwood floors and dual-pane windows, while providing room for modernization. The oversized detached garage and 7,280 square foot lot offer significant utility for expansion or ADU potential. Located in the Gilroy Unified school district, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a well-maintained home with long-term appreciation potential.
Estimated Market Value
$836,753
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 |
|---|---|---|---|---|---|---|
★ 7208 Carmel Street Subject | $839,000* List Price | 3 | 2 | 1,228 | $681 | - |
A 7520 Carmel Street Sold | $810,000 | 3 | 0 | 1,283 | $631 | 0.4 mi |
B 7515 Chestnut Street Sold | $665,000 | 3 | 1 | 1,248 | $533 | 0.8 mi |
C 7490 Santa Theresa Drive Sold | $935,000 | 3 | 2 | 1,540 | $607 | 0.6 mi |
D 925 Blake Court Sold | $900,000 | 3 | 2 | 1,304 | $690 | 0.6 mi |
E 140 2nd Street Sold | $825,000 | 3 | 2 | 1,080 | $764 | 0.7 mi |
F 7630 Hanna Street Sold | $805,000 | 3 | 2 | 1,519 | $530 | 0.5 mi |
G 7070 Hanna Street Active Under Contract | $849,950 List Price | 4 | 2 | 1,172 | $725 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1956, this home is well-maintained but dated. The kitchen features oak cabinets and tile countertops likely over 20 years old, and the presence of a wall heater indicates an older HVAC system. While move-in ready with dual-pane windows and hardwood floors, it requires cosmetic updates and system modernization to meet current standards.
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 = 7280, living area = 1228.
- Expansive Lot and Landscaping
The property features a generous 7,280 square foot lot with professional landscaping and a spacious backyard, providing excellent outdoor living and entertaining potential.
- Well-Maintained Interior Upgrades
The home boasts quality updates including dual pane windows, classic hardwood flooring, and a beautiful brick fireplace, reflecting pride of ownership and move-in readiness.
CONSRISKS & DEFICIENCIES
- Mid-Century Infrastructure
Built in 1956, the property may require ongoing maintenance or future upgrades to aging systems typical of homes from this era despite recent cosmetic updates.
- Compact Living Space
With 1,228 square feet distributed across three bedrooms and two baths, the interior layout may feel constrained for buyers seeking modern, open-concept living.
About 7208 Carmel Street
Great Opportunity!! This very well-maintained 1,228 square foot home home in Gilroy has been updated over the years. It offers three bedroom, two full baths, dual pane windows, a beautiful brick fireplace, and hardwood floors. An oversized detached garage. This roomy 7,280 square foot lot has been nicely landscaped in front and back yards. The spacious backyard makes it perfect for entertaining family and friends. You will not want to miss seeing this one. Close to schools and shopping
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1956
- Lot Size
- 7,280 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 | 2.7 |
| Square foot | 1,228 | 2,212.338 |
| Lot Size | 7,280 | 6,777.206 |
| Price | $839.0K | $1.13M |
| Price per sq ft | $683 | $535 |
| Built year | 1956 | 2000 |
| HOA | $0 | $189 |
| Days on market | 20 | 51 |
Pricing History
Listed for Sale
Aug 20, 2026
$839,000
Initial Listing