NOT LISTED FOR SALE

7498 Chestnut St Gilroy, CA 95020

Estimated Value: $624,000 - $992,000

3 Beds
2 Baths
1,170 Sq Ft
$694/Sq Ft Est. Value

Last Sold March 16, 2021

Last sale price $730,000 $624 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $5,053/month

13 Days on Market

Highlights

  • 1 Car Detached Garage
  • Solar Water Heater
  • West Facing Home
  • Open to Family Room
  • Guest Parking
  • Dining Area

About This Home

As of March 2021

Private long driveway, this 3 bedroom 2 bathroom home built in 1900 is on a large lot of 13,160 square foot lot. Modernized over the years it has been completely rewired and replumbed. A covered porch welcomes you to this charming home with an open floor-plan. The back deck is a perfect entertaining space with a lovely creekside setting. Located in a cozy Gilroy neighborhood and just a short distance to downtown and Hwy 101. Additional features include LED lights throughout, solar lease, wood window blinds. Private setting. A must see!

Last Agent to Sell the Property

Margaret Vierra

EXIT Realty Consultants License #01183425 Listed on: 01/22/2021

EXIT Realty Consultants

Co-Listed By

Marian Sacco

EXIT Realty Consultants License #01939186

Last Buyer's Agent

Leo Zhang

Re/Max Accord License #02024974

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,627

Year Built

  • 1900

Lot Details

  • 0.3 Acre Lot
  • West Facing Home

Parking

  • 1 Car Detached Garage
  • Guest Parking

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,170 Sq Ft Home
  • 1-Story Property
  • Dining Area
  • Open to Family Room
  • Laundry in unit

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Eco-Friendly Details

  • Solar Water Heater

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,627

Year Built

1900

Lot Details

0

Parking

1

Listing Details

  • Zoning: R3
  • Subclass: Single Family Home
  • Listing Class: Residential
  • Structure Sq Ft: 1170
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1900

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Dining Room: Dining Area
  • Living Sq Ft: 1170
  • Stories: 1
  • Laundry: Inside
  • Full Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Property Faces: West

Garage/Parking

  • Garage Spaces: 1
  • Garage Parking Features: Detached Garage, Guest / Visitor Parking

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Acres: 0.3021
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 13160.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 13160.00

Multi Family

  • Utilities: Public Utilities, Solar - Hot Water Heater - Leased

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2021
Closed on
Mar 1, 2021
Sold by
Morey Edward J and Morey Megan D
Bought by
Zheng Shao Lan and Zhu Yingguang
Seller's Agent
Margaret Vierra
EXIT Realty Consultants
Buyer's Agent
Leo Zhang
Re/Max Accord
List Price
$699,000
Sold Price
$730,000
Premium/Discount to List
$31,000
4.43%
Current Estimated Value
$812,257

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,257
Avg. Annual Appreciation
2.34%
Original Mortgage
$547,500
Outstanding Balance
$490,795
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$321,462

Purchase Details

Listed on
Apr 10, 2019
Closed on
May 6, 2019
Sold by
Schreiber Atia and Marc Perkel 2017 Trust
Bought by
Morey Edward J and Morey Megan D
Seller's Agent
Van Dahlen-Dunne Grp
Coldwell Banker Realty
Buyer's Agent
Astrid Tromp
Coldwell Banker Realty
List Price
$599,000
Sold Price
$630,000
Premium/Discount to List
$31,000
5.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.34%
Original Mortgage
$618,589
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 20, 2017
Sold by
Perkel Marc
Bought by
Perkel Marc

Purchase Details

Closed on
Apr 21, 2009
Sold by
Citibank Na
Bought by
Perkel Marc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,500
Interest Rate
4.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 19, 2009
Sold by
Garcia Jesus C and Garcia Alejandro
Bought by
Citibank Na

Purchase Details

Closed on
Nov 16, 2006
Sold by
Hernandez Ralph C and Hernandez Carmen P
Bought by
Garcia Jesus C and Garcia Alejandro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$436,000
Interest Rate
7.2%
Mortgage Type
Balloon

Purchase Details

Closed on
Oct 2, 2006
Sold by
Garcia Irma
Bought by
Garcia Jesus C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$436,000
Interest Rate
7.2%
Mortgage Type
Balloon
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
Zheng Shao Lan $730,000 Old Republic Title Company
Morey Edward J $630,000 Fidelity National Title Co
Perkel Marc -- None Available
Perkel Marc $205,000 Chicago Title Company
Citibank Na $165,860 None Available
Garcia Jesus C $545,000 Old Republic Title Company
Garcia Jesus C -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zheng Shao Lan $547,500
Previous Owner Morey Edward J $618,589
Previous Owner Perkel Marc $184,500
Previous Owner Garcia Jesus C $436,000
Previous Owner Garcia Jesus C $109,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/16/2021 03/16/21 Sold $730,000 +4.4% $624 / Sq Ft
02/05/2021 02/05/21 Pending -- -- --
01/22/2021 01/22/21 For Sale $699,000 +11.0% $597 / Sq Ft
05/14/2019 05/14/19 Sold $630,000 +5.2% $538 / Sq Ft View Prior Sale
04/25/2019 04/25/19 Pending -- -- --
04/10/2019 04/10/19 For Sale $599,000 -- $512 / 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 $9,627 $790,173 $573,688 $216,485
2024 $9,627 $774,681 $562,440 $212,241
2023 $9,734 $725,000 $526,300 $198,700
2022 $9,784 $744,600 $540,600 $204,000
2021 $8,427 $649,257 $468,908 $180,349
2020 $7,675 $589,000 $425,300 $163,700
2019 $3,061 $236,643 $115,436 $121,207
2018 $2,860 $232,004 $113,173 $118,831
2017 $2,916 $227,455 $110,954 $116,501
2016 $2,849 $222,996 $108,779 $114,217
2015 $2,689 $219,648 $107,146 $112,502
2014 $2,670 $215,347 $105,048 $110,299
Source: Public Records

Agents Affiliated with this Home

  • Margaret Vierra

    Seller's Agent in 2021

    Margaret Vierra

    EXIT Realty Consultants

    (408) 202-3243

    5 in this area

    47 Total Sales

    Margaret Vierra
    Section Image
  • Marian Sacco

    Seller Co-Listing Agent in 2021

    Marian Sacco

    EXIT Realty Consultants

    (408) 218-7733

    5 in this area

    27 Total Sales

    Marian Sacco
    Section Image

  • L

    Buyer's Agent in 2021

    Leo Zhang

    Re/Max Accord

  • D

    Buyer's Agent in 2021

    David Noli

  • V

    Seller's Agent in 2019

    Van Dahlen-Dunne Grp

    Coldwell Banker Realty

    Section Image
  • Wendi Selig-Aimonetti

    Seller Co-Listing Agent in 2019

    Wendi Selig-Aimonetti

    Coldwell Banker Realty

    (650) 465-5602

    89 Total Sales

    Wendi Selig-Aimonetti
    Section Image
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Map

Source: MLSListings

MLS Number: ML81826897

MLSListings

APN: 841-07-049

California Santa Clara County Gilroy 95020

7498 Chestnut St, Gilroy, CA

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