8431 Wayland Lane, Gilroy, California 95020, Gilroy, 95020 - 3 bed, 2 bath
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Gilroy, California 95020
This Value-Add Residential Asset is a High-Potential Investment Opportunity, listed at $798,000—positioned slightly above the $788,650 Fair Market Value. While priced at market, the property offers significant upside through its Oversized Detached Tandem Garage/Workshop and Owned Solar System. With a Condition Rating of 4, the home serves as a blank canvas for cosmetic modernization, featuring preserved hardwood floors beneath existing carpet. Its large 7,100 sqft lot and flexible layout make this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8431 Wayland Lane Subject | $798,000* List Price | 3 | 2 | 1,191 | $662 | - |
A 8440 Diane Ct Sold | $866,000 | 4 | 2 | 1,358 | $638 | 0.2 mi |
B 7520 Carmel Street Sold | $810,000 | 3 | 0 | 1,283 | $631 | 0.9 mi |
C 833 Welburn Avenue Sold | $898,888 | 4 | 2 | 1,209 | $743 | 0.2 mi |
D 1140 Valbusa Sold | $989,000 | 3 | 2 | 1,212 | $816 | 1.0 mi |
E 1250 Driftwood Sold | $925,000 | 3 | 2 | 1,503 | $615 | 0.9 mi |
F 1007 Howard Avenue Sold | $950,000 | 3 | 2 | 1,549 | $613 | 0.6 mi |
G 7669 Santa Inez Court Sold | $950,888 | 4 | 2 | 1,570 | $606 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1958, this home is a well-maintained 'time capsule' that is functional but significantly dated. The kitchen and bathrooms appear to be mostly original or over 30 years old, featuring dated cabinetry and tile. While the roof is newer and the home includes an owned solar system, the interior (carpet over hardwood, wood paneling, and drop ceilings) requires a full cosmetic renovation to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7100, living area = 1191.
The property features a rare oversized detached tandem garage/workshop with a private driveway, offering immense flexibility for RV parking, hobbies, or a home business.
Equipped with an owned solar system and a newer roof, this home provides significant long-term cost savings and reduced maintenance concerns for the next owner.
With finishes dating back decades and carpet covering original floors, the property requires cosmetic modernization to appeal to contemporary buyers.
At 1,191 square feet, the interior footprint is relatively compact for a three-bedroom residence, which may limit functionality for growing families.
Space to Gather. Room to Create. A Home to Make Your Own. Rare opportunity to own a lovingly maintained home in Gilroy's established Sherwood Park neighborhood. Lovingly cared for by the same family for decades, this home offers solid fundamentals, quality improvements & endless potential to reflect your own style. The expansive gathering room just off the kitchen is the heart of the home, opening to a covered patio with pergola & low maintenance backyard, ideal for entertaining, hobbies & everyday living. HW floors lie beneath much of the existing carpet. In addition to the attached 2 car garage, an oversized detached tandem garage/workshop with its own private driveway offers exceptional flexibility for vehicles, storage, hobbies, RV parking, recreational equipment, or workspace. Additional highlights include a newer roof on the main house, owned solar system, low maintenance landscaping & a foundation reported to be performing well in the recent home inspection. Conveniently located near parks, schools, shopping, dining & commuter routes. Re-imagine a well-loved home offering space to gather, room to create & possibilities for years to come.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,191 | 1,983 |
| Lot Size | 7,100 | 7,000 |
| Price | $798.0K | $1.16M |
| Price per sq ft | $670 | $533 |
| Built year | 1958 | 1997 |
| HOA | $0 | $202 |
| Days on market | 15 | 44 |
Jul 7, 2026
$798,000
Initial Listing