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7621 Forest Street, Gilroy, California 95020, Gilroy, 95020 - 4 bed, 3 bath

7621 Forest Street, Gilroy, California 95020 home-pic-0
ACTIVE$975,000
7621 Forest Street, Gilroy, California 95020
4Beds
3Baths
1,200Sqft
7,405Lot

Price Vs. Estimate

The estimated value ($854,051.375) is $120,948.625 (12%) lower than the list price ($975,000). This property may be overpriced.

Key pros and cons

Top Pros:
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 = 7405, living area = 1200.
Top Cons:
Property Age: Built in 1925, the property is nearly a century old, which may necessitate ongoing maintenance or updates to older systems not explicitly detailed.

Compared to the nearby listings

Price:$975.0K vs avg $1.15M ($-175,000)26%
Size:1,200 sqft vs avg 2,459.5 sqft5%
Price/sqft:$812 vs avg $51995%

More Insights

Built in 1925 (100 years old).
Condition: Despite being built in 1925, this property has undergone significant recent renovations, making it move-in ready. The main kitchen is modern with white shaker cabinets, light countertops, stainless steel appliances, and a subway tile backsplash. Consistent hardwood-style flooring and recessed lighting are present throughout the main living areas. Bathrooms are clean and functional, though one visible bathroom is simpler in style. The addition of a fully permitted ADU also suggests recent updates. While the visible cosmetic updates are excellent, the underlying age of the original structure means some major systems may not be as new as the visible finishes, preventing an 'Excellent' rating.
Year Built
1925
Close
-
List price
$975K
Original List price
$975K
Price/Sqft
$813
HOA
-
Days on market
-
Sold On
-
MLS number
ML82025440
Home ConditionGood
Features
Patio
ViewNeighborhood

About this home

Welcome to 7621 Forest St, a versatile and beautifully maintained property located in the heart of Gilroy! This unique offering includes a 3 bed, 2 bath main home plus a fully permitted 1 bed, 1 bath ADU (Accessory Dwelling Unit) perfect for multigenerational living, guests, or rental income potential. The main residence features a bright and spacious layout, updated finishes, and a functional floor plan ideal for family living or entertaining. Enjoy a modern kitchen, cozy living room, and a peaceful backyard retreat. The detached ADU includes a private entrance, open-concept kitchen and living room, full bathroom, and a generously sized bedroom offering independence and privacy for extended family or tenants. Highlights: 3 bed / 2 bath main home 1 bed / 1 bath ADU with full kitchen & living room Ideal for in-laws, guests, or rental income Quiet and established neighborhood Spacious backyard with potential for expansion or outdoor entertaining Close to schools, shopping, parks, and easy freeway access Location Benefits: Minutes to Downtown Gilroy, wineries, Caltrain station, and Hwy 101 Family-friendly community with nearby parks and amenities Great investment or owner-occupied opportunity

Condition Rating
Good
Despite being built in 1925, this property has undergone significant recent renovations, making it move-in ready. The main kitchen is modern with white shaker cabinets, light countertops, stainless steel appliances, and a subway tile backsplash. Consistent hardwood-style flooring and recessed lighting are present throughout the main living areas. Bathrooms are clean and functional, though one visible bathroom is simpler in style. The addition of a fully permitted ADU also suggests recent updates. While the visible cosmetic updates are excellent, the underlying age of the original structure means some major systems may not be as new as the visible finishes, preventing an 'Excellent' rating.
Pros & Cons

Pros

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 = 7405, living area = 1200.
Income-Generating ADU: Features a fully permitted 1-bed, 1-bath Accessory Dwelling Unit, offering significant potential for rental income, multi-generational living, or guest accommodation.
Strategic Location & Accessibility: Highly accessible, minutes from Downtown Gilroy, wineries, Caltrain, Hwy 101, and essential amenities like schools, shopping, and parks.
Versatile Outdoor Space: A spacious 7,405 sqft lot with a backyard offering ample potential for expansion, outdoor entertaining, or personalized landscaping.
Updated Main Residence: The main home boasts a bright, spacious layout with updated finishes and a modern kitchen, enhancing immediate livability.
Established Community: Situated in a quiet, family-friendly neighborhood with nearby parks and amenities, contributing to a desirable living environment.

Cons

Property Age: Built in 1925, the property is nearly a century old, which may necessitate ongoing maintenance or updates to older systems not explicitly detailed.
Compact Combined Square Footage: The total 1200 sqft for a 4-bed, 3-bath configuration (main home + ADU) suggests potentially compact living spaces, which might be a consideration for some buyers.
Aggressive Pricing: The current list price of $975,000 is approximately 10% above the estimated market value, potentially impacting buyer interest and negotiation flexibility.

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