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751 La Paloma Way, Gilroy, California 95020, Gilroy, 95020 - 3 bed, 2 bath

751 La Paloma Way, Gilroy, California 95020 home-pic-0
ACTIVE$888,888
751 La Paloma Way, Gilroy, California 95020
3Beds
2Baths
1,813Sqft
7,242Lot

Price Vs. Estimate

The estimated value ($944,313.18) is $55,425.18 (6%) higher than the list price ($888,888). This property may be underpriced.

Key pros and cons

Top Pros:
Prime Location & Accessibility: Situated in a desirable Gilroy neighborhood, offering convenient access to parks, schools, shopping, and major commuter routes.
Top Cons:
Property Age: Built in 1963, which may indicate older infrastructure or systems not explicitly updated, potentially requiring future maintenance or upgrades beyond the kitchen.

Compared to the nearby listings

Price:$888.9K vs avg $1.15M ($-261,112)14%
Size:1,813 sqft vs avg 2,459.5 sqft23%
Price/sqft:$490 vs avg $51839%

More Insights

Built in 1963 (62 years old).
Condition: Despite being built in 1963, this property has undergone significant updates, particularly in the kitchen and bathrooms. The kitchen features modern stainless steel appliances, granite countertops, and well-maintained cabinetry. Bathrooms also boast granite vanities and updated tiling. The home presents as move-in ready with stylish laminate flooring throughout, recessed lighting, and a fresh appearance. While some elements like the cabinet style and certain light fixtures might not be considered cutting-edge modern, they are clean, functional, and well-maintained, requiring no immediate renovations. The property's overall condition aligns with being well-maintained and updated within the last 5-15 years, making it a 'Good' score.
Year Built
1963
Close
-
List price
$889K
Original List price
$889K
Price/Sqft
$490
HOA
-
Days on market
-
Sold On
-
MLS number
ML82026472
Home ConditionGood
Features
Patio
View-

About this home

Welcome to 751 La Paloma Way nestled in the heart of Gilroy. Beautiful 3-bedroom, 2-bath home offering 1,813 sq ft of comfortable living space on a generous 7,242 sq ft lot in a desirable Gilroy neighborhood. Step inside to find stylish laminate flooring, a bright formal living room, and a spacious family and dining room combo featuring a cozy fireplace and French door access to the backyard-perfect for entertaining and everyday enjoyment. The updated eat-in kitchen boasts granite countertops, stainless steel appliances, and ample cabinet space for storage and functionality. A bonus room provides flexible options for a home office, den, or playroom. Outside, enjoy the large private yard ideal for gatherings, gardening, along with a convenient two-car garage offering ample storage. Conveniently located near parks, schools, shopping, and major commuter routes, this home offers a perfect blend of comfort, versatility, and location. Don't miss this wonderful opportunity to make 751 La Paloma your new home in Gilroy!

Price History

Date
Event
Price
05/19/15
Sold
$610,000
02/27/15
Sold
$446,000
08/06/04
Sold
$512,000
Condition Rating
Good
Despite being built in 1963, this property has undergone significant updates, particularly in the kitchen and bathrooms. The kitchen features modern stainless steel appliances, granite countertops, and well-maintained cabinetry. Bathrooms also boast granite vanities and updated tiling. The home presents as move-in ready with stylish laminate flooring throughout, recessed lighting, and a fresh appearance. While some elements like the cabinet style and certain light fixtures might not be considered cutting-edge modern, they are clean, functional, and well-maintained, requiring no immediate renovations. The property's overall condition aligns with being well-maintained and updated within the last 5-15 years, making it a 'Good' score.
Pros & Cons

Pros

Prime Location & Accessibility: Situated in a desirable Gilroy neighborhood, offering convenient access to parks, schools, shopping, and major commuter routes.
Updated Kitchen: Features an updated eat-in kitchen with granite countertops, stainless steel appliances, and ample storage, appealing to modern buyers.
Flexible Bonus Room: Includes a versatile bonus room, providing adaptable space for a home office, den, or playroom, enhancing functionality.
Spacious & Private Outdoor Living: Boasts a generous 7,242 sq ft lot with a large private yard, perfect for entertaining, gardening, and outdoor enjoyment.
Favorable Pricing Relative to Estimation: The current listing price of $888,888 is below the estimated property value of $963,589, presenting a potential value opportunity for buyers.

Cons

Property Age: Built in 1963, which may indicate older infrastructure or systems not explicitly updated, potentially requiring future maintenance or upgrades beyond the kitchen.
Unspecified System Updates: While the kitchen is updated, there's no mention of updates to other key areas like bathrooms, windows, or HVAC, suggesting potential for further investment.
Lack of Central Cooling System: The description does not mention a cooling system, which could be a significant drawback for comfort during Gilroy's warmer months.

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