8340 Forest Street, Gilroy, California 95020, Gilroy, 95020 - 4 bed, 2 bath
ACTIVE UNDER CONTRACT$849,950
8340 Forest Street, Gilroy, California 95020
4Beds
2Baths
1,368Sqft
5,016Lot
Price Vs. Estimate
The estimated value ($849,950) is $0 (0%) lower than the list price ($849,950). This property may be overpriced.
Key pros and cons
Top Pros:
Extensive Recent Renovations: The property underwent comprehensive renovations in 2020, including new floors, a modern kitchen, upgraded bathrooms, new windows, and fresh interior/exterior paint, ensuring a move-in ready condition.
Top Cons:
Extended Days on Market & Price Reduction: With 164 days on the market and a price reduction from its original listing, the property may have faced challenges in attracting buyers, potentially indicating initial overpricing or market resistance.
Compared to the nearby listings
Price:$850.0K vs avg $1.15M ($-300,050)9%
Size:1,368 sqft vs avg 2,459.5 sqft10%
Price/sqft:$621 vs avg $51980%
More Insights
This property has been on the market for 164 days.
Built in 1979 (46 years old).
Condition: Despite being built in 1979, this property has undergone extensive and recent renovations. The description explicitly states a 'meticulously remodeled residence' in 2020, including new floors, a modern kitchen, upgraded bathrooms, new windows, and fresh paint. Crucially, major systems like the roof (2023), AC (2024), and furnace (2020) have also been recently replaced or updated. The images confirm a contemporary aesthetic with light wood-look laminate flooring throughout, modern grey shaker cabinets, white quartz countertops, stainless steel appliances (including a new-looking refrigerator), and updated bathrooms with modern vanities, fixtures, and tiled showers. All components appear new or virtually new, aligning perfectly with the 'Excellent' condition criteria for a property extensively renovated within the last 5 years with no deferred maintenance.
Year Built
1979
Close
-
List price
$850K
Original List price
$900K
Price/Sqft
$621
HOA
-
Days on market
164 Days
Sold On
2025-09-26
MLS number
ML82002486
Home ConditionExcellent
Features
View-
About this home
MOVE-IN READY gem located in the heart of Gilroy. This meticulously remodeled residence, boasting upgrades throughout, offers convenience with easy access to Highway 101, shopping, and dining. Renovated in 2020, updates include new floors, a modern kitchen, upgraded bathrooms, and new windows complemented by fresh interior and exterior paint. Recent enhancements by the current owner feature a new roof (2023), complete AC unit setup (2024), and a furnace unit (2020), ensuring year-round comfort. The sale includes owned solar panels, a spacious driveway accommodating up to 3 cars. Essential appliances included on sale - washer, dryer, and refrigerator. Don't miss your chance to own this well-appointed home offering both comfort and convenience.
Condition Rating
Excellent
Despite being built in 1979, this property has undergone extensive and recent renovations. The description explicitly states a 'meticulously remodeled residence' in 2020, including new floors, a modern kitchen, upgraded bathrooms, new windows, and fresh paint. Crucially, major systems like the roof (2023), AC (2024), and furnace (2020) have also been recently replaced or updated. The images confirm a contemporary aesthetic with light wood-look laminate flooring throughout, modern grey shaker cabinets, white quartz countertops, stainless steel appliances (including a new-looking refrigerator), and updated bathrooms with modern vanities, fixtures, and tiled showers. All components appear new or virtually new, aligning perfectly with the 'Excellent' condition criteria for a property extensively renovated within the last 5 years with no deferred maintenance.
Pros & Cons
Pros
Extensive Recent Renovations: The property underwent comprehensive renovations in 2020, including new floors, a modern kitchen, upgraded bathrooms, new windows, and fresh interior/exterior paint, ensuring a move-in ready condition.
Major System Upgrades: Recent enhancements by the current owner include a new roof (2023), a complete AC unit setup (2024), and a new furnace unit (2020), significantly reducing immediate maintenance concerns for major systems.
Owned Solar Panels: The inclusion of owned solar panels provides a significant long-term benefit through reduced energy costs and environmental sustainability.
Included Appliances: Essential appliances such as the washer, dryer, and refrigerator are included in the sale, adding value and convenience for the new homeowner.
Convenient Location: Situated in the heart of Gilroy, the property offers easy access to Highway 101, shopping centers, and dining options, enhancing its appeal for daily living and commuting.
Cons
Extended Days on Market & Price Reduction: With 164 days on the market and a price reduction from its original listing, the property may have faced challenges in attracting buyers, potentially indicating initial overpricing or market resistance.
Modest Interior Space: At 1368 square feet for 4 bedrooms, the individual room sizes might be smaller than desired by some buyers seeking more spacious living areas.
Limited Lot Size: The 5016 square foot lot is relatively modest, which could limit outdoor living space or potential for future property expansion.