NOT LISTED FOR SALE

2550 Pacheco Pass Hwy Gilroy, CA 95020

Estimated Value: $1,517,000

18.93 Acres
$80,137 Price per Acre
824,591 Sq Ft Lot

Last Sold December 12, 2018

Last sale price $1,299,000 $764 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $8,520/month

38 Days on Market

Highlights

  • 18.93 Acre Lot
  • Crops Farm
  • Partially Fenced Property
  • Grass Field
  • Agricultural

About This Lot

As of December 2018

Includes 4 APN#s for two legal parcels, being sold together. APN's 841-25-010, 841-25-023, 841-25-025 and 841-25-026. Total of 18.93 acres. Property has been surveyed. Approximately 12 acres of property currently leased for row crops. Also includes two homes, one about 1500 square feet, and second home approximately 1150 square feet. Second home currently leased. Additional other structures include an approx 7500 sq foot older hay barn, an older storm shed and an older dairy barn, about 10,000 square feet of structures that could be rehabbed for Buyer's new use. 2 wells. HIghway frontage provides additional potential and other uses may be possible.

Last Agent to Sell the Property

Patty Filice

Intero Real Estate Services License #01081677 Listed on: 08/18/2018

Intero Real Estate Services

Last Buyer's Agent

Jenny Huang

Coldwell Banker Realty License #01362454

Coldwell Banker Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,726

Lot Details

  • 18.93 Acre Lot
  • Partially Fenced Property
  • Corners Of The Lot Have Been Marked
  • Mostly Level

Farming

  • Crops Farm
  • Agricultural

Horse Facilities and Amenities

  • Horses Potentially Allowed on Property
  • Grass Field

Utilities

  • Well
  • Septic Tank

Property Details

Property Type

Land

Est. Annual Taxes

$5,726

Lot Details

0

Listing Details

  • Zoning: A40AC
  • Subclass: Agriculture/Ranch Land
  • Listing Class: Residential Lots & Land
  • Present Use: Agricultural, Residential
  • Development Status: Farm Land
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Horse Property: Possible
  • Fencing: Partial Fencing

Utilities

  • Sewer/Septic System: Existing Septic

Schools

  • School District: Gilroy Unified
  • Elementary School: El Roble Elementary
  • Middle School: Solorsano Middle
  • High School: Gilroy High
  • High School: 277
  • Elementary School: 270
  • Middle School: 1075

Lot Info

  • Lot Description: Agricultural Use, Corners Marked, Grade - Mostly Level
  • Lot Acres: 18.9300
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 824590.80
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 824590.80
  • Existing Crops Vegetation: Grassland, Row Crop
  • Parcel Access: City Street, Highway

Multi Family

  • Utilities: Natural Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2018
Closed on
Dec 5, 2018
Sold by
Lemberger Pauline A and Elder Charles Lawrence
Bought by
Cho Ryan
Seller's Agent
Patty Filice
Intero Real Estate Services
Buyer's Agent
Jenny Huang
Coldwell Banker Realty
List Price
$1,299,000
Sold Price
$1,299,000
Current Estimated Value
$1,517,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$218,000
Avg. Annual Appreciation
2.30%
Original Mortgage
$1,100,000
Outstanding Balance
$969,123
Interest Rate
4.8%
Mortgage Type
Commercial
Estimated Equity
$547,877

Purchase Details

Closed on
Jun 19, 2018
Sold by
Elder Charles Lawrence and Elder Betty Lou
Bought by
Elder Charles Lawrence and Elder Betty Lou

Purchase Details

Closed on
Jan 29, 2014
Sold by
Lemberger Pauline A
Bought by
Lemberger Pauline A

Purchase Details

Closed on
Jul 10, 2007
Sold by
Santos Alice I
Bought by
Lemberger James P and Lemberger Pauline A
Source: Public Records

Range of Values:

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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
Cho Ryan $1,299,000 Old Republic Title Co
Elder Charles Lawrence -- None Available
Santos Roger Lee -- None Available
Lemberger Pauline A -- None Available
Lemberger Pauline A -- None Available
Lemberger Pauline A -- None Available
Lemberger James P $112,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cho Ryan $1,100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2018 12/12/18 Sold $1,299,000 0.0% $764 / Sq Ft
09/26/2018 09/26/18 Pending -- -- --
08/18/2018 08/18/18 For Sale $1,299,000 -- $764 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

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 $5,726 $474,092 $407,163 $66,929
2024 $5,726 $464,797 $399,180 $65,617
2023 $5,684 $455,684 $391,353 $64,331
2022 $5,583 $446,750 $383,680 $63,070
2021 $5,558 $437,991 $376,157 $61,834
2020 $5,491 $433,500 $372,300 $61,200
2019 $5,437 $425,000 $365,000 $60,000
2018 $688 $50,369 $17,210 $33,159
2017 $700 $49,382 $16,873 $32,509
2016 $675 $48,415 $16,543 $31,872
2015 $639 $47,689 $16,295 $31,394
2014 $608 $46,755 $15,976 $30,779
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2018

    Patty Filice

    Intero Real Estate Services

    Section Image
  • Jenny Huang

    Buyer's Agent in 2018

    Jenny Huang

    Coldwell Banker Realty

    (408) 802-3982

    75 Total Sales

    Jenny Huang
    Section Image
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Map

Source: MLSListings

MLS Number: ML81719612

MLSListings

APN: 841-25-026

California Santa Clara County Gilroy 95020

2550 Pacheco Pass Hwy, Gilroy, CA

This home is located at 2550 Pacheco Pass Hwy, Gilroy, CA 95020 since 18 August 2018 and is currently estimated at $1,517,000, approximately $892 per square foot. 2550 Pacheco Pass Hwy is a home located in Santa Clara County with nearby schools including Rucker Elementary School, Solorsano Middle School, and Gilroy High School.

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