4 months on rocket

7240 E St, Gilroy, CA, 95020

$1,299,900

Home List Price

$10,000*

Closing Credit

0 Baths
3,058 SqFt
$425/SqFt
Multi

Location

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7240 E St, Gilroy$1,299,900

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1964
HeatingWall Furnace
CoolingWall/Window Unit(s)
MLS #ML81972824
Lot Size0.17 Acres
StatusActive

About 7240 E St

Incredible Investment Opportunity! This property features four units, each with 2 bedrooms and 1 bathroom, offering comfortable and convenient living spaces. With all units currently occupied and in high demand, this property presents an excellent investment prospect. Each unit is equipped with its own electric and gas meter. The property offers a convenient location just a short drive from shopping, restaurants, and essential amenities. Rents are at below-market rents. Market rent is between $2,100 to $2,300 monthly for each unit. With exceptional potential and great upside, this property is not to be missed. Drive-by viewings are welcome, but kindly respect the privacy of the tenants, and refrain from disturbing them. Back on market. No fault of seller. Huge price Improvement!!!

Property Details

Property Features

Property Information:

  • Year Built: 1964
  • Stories: 2
  • Living Area: 3,058 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (408) 779-5000
  • Listing Agent: Jenny Huang

Interior Features

Interior Information:

  • Flooring Type: Carpet, Laminate

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: Wall/Window Unit(s)

Other

Directions Information:

  • Directions: Cross Street: Old Gilroy St

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,299,900
  • Price Per SqFt: $425/SqFt

Tax Information:

  • Annual Amount: $4,051
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Gilroy, CA.

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Gilroy, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$536

Avg. Days On Market

25

# of Sold Homes

33

7240 E St vs Gilroy

129 DAYS ON ROCKET

+104 Days

$1,299,900

+$220.6K More

$425/SqFt

-$111 Less

KEY TAKEAWAY

This property is $220.6K more than the Median Sold Price and $111/SqFt less than other homes in Gilroy, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #ML81972824

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (408) 779-5000
  • Listing Agent: Jenny Huang

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 6:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$4,051$309,596
2020$4,051$306,423
2019$3,754$300,416
2018$3,755$294,526
2017$3,831$288,752

History based on county public records data.

Payment Calculator

$6,555

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,964

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-527563
3
/10

  • Eliot Elementary School

  • 475 Old Gilroy St

  • 0.07 miles

  • Public District Grades KG-5

school-card-donut-527564
4
/10

  • Glen View Elementary School

  • 600 E 8th St

  • 0.88 miles

  • Public District Grades KG-5

school-card-donut-527565
3
/10

  • El Roble Elementary School

  • 930 3rd St

  • 1.38 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $41,094. Residents of Gilroy, CA typically earn between $35k-100k each year. Typical family type is married, with kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›California›Santa Clara County›Gilroy›95020›7240 E St

This home is located at 7240 E St in Gilroy, CA and zip code 95020. This 3,058 square foot home, which was built in 1964, sits on a 0.17 acre lot. It has been listed on Rocket Homes since July 12, 2024 and is currently priced at $1,299,900.

Gilroy, CA housing market in October 2024 saw over 15 listings sold above listed price, more than 8 sold at listed price and over 9 sold below. Between September 2024 and October 2024, Gilroy, CA real estate market has seen increase in the number of listings by 22.5%. In October 2024, listings were on the market for 25 days. During the same period, the median list price in this real estate market was $1,079,250.

From Rocket Homes Real Estate and based on county public records data.

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