7681 Rea Street, Gilroy, California 95020, Gilroy, - bed, bath

home-pic
ACTIVE$950,000
7681 Rea Street, Gilroy, California 95020
3Beds
2Baths
1,890Sqft
8,250Lot
Year Built
1951
Close
-
List price
$950K
Original List price
$998K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82021082
Home ConditionPoor
Features
Patio
View-

About this home

First time this family home has hit the market - this gem is much more than first meets the eye. It offers ~1,890 square feet of comfortable living space, featuring three bedrooms, two full bathrooms, a dining room and indoor laundry. But keep looking - there is a large bonus room with a separate entrance, an ideal office / home gym / craft or flex room. Detached 2-car-garage accessible from the back, with a huge workshop + flex space and additional full bathroom, with enough space and potential for an ADU conversion. The heart of the home is the kitchen with a breakfast table and plenty of storage, perfect for preparing meals and chatting with family or guests. Enjoy cozy evenings by the fireplace, updated flooring and interior paint done this year. Situated on a generous lot of over 8,250 square feet, this property is an enchanting garden with mature trees and beautiful landscape, inviting you outdoors with ample outdoor space for gardening, recreation, or relaxation. In one of the most charming neighborhoods in Gilroy, make an appointment to see this house today!

Price History

Date
Event
Price
10/27/25
Price Change
$950,000-4.8%
09/10/25
Listing
$998,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (122 Listings)
Beds34
28%
Baths23
28%
Square foot1,8902,449
28%
Lot Size8,2507,020
66%
Price$950K$1.2M
24%
Price per square foot$503$517
43%
Built year19511998
7%
HOA$135
Days on market55151
4%
Condition Rating
Poor

Built in 1951, this property has received recent cosmetic updates like new flooring and interior paint, making the general living areas appear fresh. However, the kitchen and bathrooms are significantly outdated. The kitchen features very dated wood cabinets, older white appliances, and an overall style that requires a complete renovation. The bathrooms are even more severely dated, with original-looking pink tiles, vanities, and fixtures that are well past their expected lifespan for modern appeal. While the house is livable, the major functional components (kitchen and bathrooms) require substantial rehabilitation to meet current standards, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

ADU Conversion Potential: The detached 2-car garage includes a workshop, flex space, and an additional full bathroom, offering significant potential for an Accessory Dwelling Unit (ADU) conversion, enhancing value and income possibilities.
Expansive & Landscaped Lot: Situated on a generous 8,250+ square foot lot, the property boasts an enchanting garden with mature trees and ample outdoor space for recreation, gardening, or relaxation.
Versatile Bonus Room: A large bonus room with a separate entrance provides flexible living space, ideal for a home office, gym, craft room, or potential multi-generational use.
Recent Interior Updates: The home features updated flooring and fresh interior paint completed this year, offering a move-in-ready aesthetic and modern appeal to key living areas.
Charming Neighborhood & Long-Term Ownership: Located in one of Gilroy's charming neighborhoods and being offered for sale for the first time, suggesting a stable community and potentially well-cared-for property.

Cons

Age of Core Systems: Built in 1951, the property's core systems (e.g., plumbing, electrical, HVAC) are likely original or older, which may require future upgrades or significant maintenance.
Dated Kitchen (Implied): While functional with a breakfast table and storage, the kitchen description does not mention modern updates, suggesting it may be dated compared to contemporary buyer expectations.
Recent Price Reduction & Valuation: The property has undergone a recent price reduction, and the current listing price is slightly above the estimated market value, potentially indicating a need for further market adjustment or negotiation.

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