NOT LISTED FOR SALE

1590 Pacheco Pass Hwy Gilroy, CA 95020

Estimated Value: $2,496,177

39.39 Acres
$63,371 Price per Acre
1,715,828 Sq Ft Lot

Sale Details

Date Sold: May 28, 2019

Last sale price $1,875,000 $375 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $15,424 / mo

190 Days on Market

About This Lot

As of May 2019

Property is 39.39 Acres of Land with a 23,580 SqFt metal warehouse building. Currently 36 acres are leased by Olam for waste water. Lease ends at end of the year. The warehouse is currently used by Owner and could produce income. Property is currently used for Agriculture but is in the City of Gilroy's general plan as Industrial. Property adjoins the City of Gilroy. The Warehouse is 60 feet wide and 393 feet long: 23,580 square feet. This metal warehouse has been separated into six spaces: a 1,500 sf, 3,500 sf, 3,600 sf, 4,000 sf, 5,000 sf and a 6,000sf unit. This adds to 23,600. Each of the spaces has at least one 18 foot roll-up door and is divided by a metal wall. The building construction is metal over a concrete slab foundation, and it has a slightly pitched metal roof with some skylights. The ceiling height is 22 feet; it has 440 amp electrical power and hanging florescent lights and restrooms in all but one unit. It has water but no office areas. Currently used by Owner.

Last Agent to Sell the Property

George Renz

Renz & Renz License #00854816 Listed on: 09/17/2018

Renz & Renz

Last Buyer's Agent

Alan Razavi

Bay Advisor License #01191323

Property Details

Property Type

  • Land

Lot Details

  • 39.39 Acre Lot
  • Level Lot

Utilities

  • Well
  • Septic Tank

Property Details

Property Type

Land

Lot Details

39.39 Acres

Listing Details

  • Zoning: A40
  • Subclass: Commercial Agricultural Land
  • Listing Class: Commercial Lots & Land
  • Present Use: Agricultural, Warehouse
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

  • Sewer/Septic System: Existing Septic

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 39.3900
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 1715828.40
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 1715828.40
  • Parcel Access: Private Road - Share Access

Multi Family

  • Utilities: Electricity - On Site

MLS Schools

  • High School District Text: Gilroy Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2018
Closed on
May 22, 2019
Sold by
Ramirez Munoz Rachel R
Bought by
Morgan Hill Recycling Llc
Seller's Agent
George Renz
Renz & Renz
Buyer's Agent
Alan Razavi
Bay Advisor
List Price
$2,200,000
Sold Price
$1,875,000
Premium/Discount to List
-$325,000
-14.77%
Current Estimated Value
$2,496,177

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$621,177
Avg. Annual Appreciation
4.17%

Purchase Details

Closed on
Apr 9, 1996
Sold by
Ramirez Jose L and Ramirez Isabel A
Bought by
Ramirez Jose L and Ramirez Isabel A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Morgan Hill Recycling Llc $1,875,000 Stewart Title
Ramirez Jose L -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2019 05/28/19 Sold $1,875,000 -1.3% $375 / Sq Ft
03/27/2019 03/27/19 Pending -- -- --
03/06/2019 03/06/19 Price Changed $1,900,000 -13.6% $380 / Sq Ft
09/17/2018 09/17/18 For Sale $2,200,000 -- $440 / Sq Ft
Source: MLSListings

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $25,175 $2,091,593 $1,896,380 $195,213
2024 $25,175 $2,050,583 $1,859,197 $191,386
2023 $24,993 $2,010,377 $1,822,743 $187,634
2022 $24,545 $1,970,958 $1,787,003 $183,955
2021 $24,434 $1,932,313 $1,751,964 $180,349
2020 $24,137 $1,912,500 $1,734,000 $178,500
2019 $9,552 $734,060 $588,764 $145,296
2018 $5,659 $454,280 $288,334 $165,946
2017 $5,772 $445,374 $282,681 $162,693
2016 $5,649 $436,642 $277,139 $159,503
2015 $5,306 $428,577 $271,469 $157,108
2014 $5,204 $418,151 $264,120 $154,031
Source: Public Records

Agents Affiliated with this Home

  • George Renz

    Seller's Agent in 2019

    George Renz

    Renz & Renz

    (408) 846-1032

    5 in this area

    17 Total Sales

    George Renz
    Section Image
  • Alan Razavi

    Buyer's Agent in 2019

    Alan Razavi

    Bay Advisor

    (650) 245-9190

    Alan Razavi
    Section Image
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Map

Source: MLSListings

MLS Number: ML81723898

MLSListings

APN: 841-17-062

California Santa Clara County Gilroy 95020

1590 Pacheco Pass Hwy, Gilroy, CA

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