2718 Ferguson Road, Gilroy, California 95020, Gilroy, - bed, bath
ACTIVE$1,999,999
2718 Ferguson Road, Gilroy, California 95020
4Beds
2Baths
2,100Sqft
728,758Lot
Year Built
1937
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82017195
Home ConditionPoor
Features
Good View: Hills
Patio
ViewHills
About this home
Rare opportunity to own 16.73 ± acres with two separate homes, ideal for multi-generational living, farming, or investment. Each home has its own entrance and fenced yard. The main home is approx. 2,100 sqft with 4 bedrooms and 2 baths (vacant; previously leased for $3,495/month). The second home is approx. 1,220 sqft with 2 bedrooms and 1 bath (currently leased at $2,642/month). The land is leasing at $850 per acre/year, and there is a shared agricultural & domestic well on the property. Enjoy peaceful rural living with strong income potential, just minutes from Gilroy Premium Outlets, Costco, Lowes, and Home Depot. Easy access to Hwy 101 and Hwy 152 only about 40 minutes to Silicon Valley!
Price History
Date
Event
Price
08/06/25
Listing
$1,999,999
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (123 Listings) | |
|---|---|---|---|
| Beds | 4 | 4 | 50% |
| Baths | 2 | 3 | 27% |
| Square foot | 2,100 | 2,460 | 38% |
| Lot Size | 728,758 | 7,020 | 99% |
| Price | $2M | $1.23M | 90% |
| Price per square foot | $952 | $517.5 | 98% |
| Built year | 1937 | 9990999 | 5% |
| HOA | |||
| Days on market | 92 | 153 | 20% |
Condition Rating
Poor
Built in 1937, the property's interior, particularly the kitchen, is extremely dated with original-style wood cabinets, tiled countertops, and older appliances, suggesting renovations were done 30-50 years ago. Other features like popcorn ceilings and wall heaters also indicate a need for substantial rehabilitation to meet modern living standards, aligning with the 'Poor' condition criteria.
Pros & Cons
Pros
Expansive Acreage & Versatile Use: The property spans 16.73 ± acres, offering significant potential for multi-generational living, agricultural use, or investment opportunities.
Dual Residential Structures: Features two separate homes, each with its own entrance and fenced yard, providing flexibility for multi-family occupancy or additional rental income.
Strong Income Generation: Demonstrates robust income potential from both residential units (main home previously leased at $3,495/month, second home currently at $2,642/month) and land leasing ($850 per acre/year).
Strategic Rural-Urban Location: Offers peaceful rural living while being minutes away from essential amenities like Gilroy Premium Outlets, Costco, Lowes, and Home Depot, with easy access to Hwy 101 and Hwy 152 for a reasonable commute to Silicon Valley.
Valuable Water Resources: Includes a shared agricultural and domestic well, providing a crucial and sustainable water supply for the property's diverse needs.
Cons
Age of Structures: Built in 1937, the homes may require substantial updates, renovations, or ongoing maintenance to meet contemporary standards and buyer preferences.
Shared Well Dependency: The presence of a shared agricultural and domestic well could introduce potential complexities or dependencies with other parties regarding maintenance, usage, and agreements.
Commute Time to Silicon Valley: While accessible, the 'about 40 minutes' commute to Silicon Valley might be considered a significant daily travel time for some potential buyers, especially those working in the tech hub.