See Home Value
Gilroy 95020
1520 Hecker Pass Highway
$6,158,525*
Land - Off Market

1520 Hecker Pass Highway

GILROY, CA 95020
bedrooms
Studio
bathrooms
0 Bath
$4,320,000 - $5,278,000
Reference Base Price*
28.30%
Since Oct 1, 2019
CA-San Francisco
Primary Model
Sold Sep 10, 2021
$5,000,000
$34,000,000 by California Municipal Finance A
Mortgage Due Oct 01, 2052
Sold Jan 19, 2005
$500,000

About This Property

Prime 3.81 flat acres of usable development property zoned for R-3 Residential. Rare development opportunity in the city of Gilroy. This property is located in the city limits and ready to be developed for high density-residential estimated between 35-50 lots.  City would like to see townhomes, condominiums, or apartments. Property is located on the high visibility corner of Santa Teresa and Hecker Pass. Close to Eagle Ridge Golf Course and community, Gilroy Gardens, restaurants, shopping and close to town.
Unit Size
-
Days on Market
-
Land Size
3.90 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
2021

Price History

Date / Event Date Event Price
Sep 10, 2021 Sold $5,000,000
Sold
Sep 20, 2019 No longer available -
No longer available
May 15, 2019 Listed $4,799,950
Listed
Jan 19, 2005 Sold to Green Custom Home Llc Village $500,000
Sold to Green Custom Home Llc Village

Property Highlights

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Good
  • Building Style: Multifamily
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 165,963
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 9374 VILLAGE GREEN
  • Land Acres: 3.81
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: TRACT 9374 LOT 17

Ownership

  • Current Owner : VILLAGE AT SANTA TERESA LP
  • Previous Owner : VILLAGE GREEN CUSTOM HOME LLC
  • Owner Before Previous Owner: DEFRANCESCO DOLORES
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Gilroy Unified School District
  • Census Tract: 512510

Zoning

  • Zoning: R3

Geography

  • Subdivision Tract Number: 9374
  • Parcel: 810-66-012
  • Lot: 17
  • Municipality: GILROY
  • Latitude: 37.0123
  • Longitude: -121.6

    Address

  • Full Address: 1520 Hecker Pass Rd
  • Address - House Number: 1520
  • Address - Street Name: Hecker Pass
  • Address - Suffix Type: Rd
  • State: CA
  • City Name: Gilroy
  • Carrier Code: R001
  • 4-Digit Zip Code: 9621
  • Zip Code: 95020

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 02-001

    Appraisal Valuation

  • Standard Deviation: 0.4237
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 15
  • Final Value: 4,457,931
  • High Value: 6,346,757
  • Low Value: 2,569,104

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $34,000,000
  • First Open Lien Mortgage Lender: CALIFORNIA MUNICIPAL FINANCE A
  • First Open Lien Mortgage Recording Date: Sep 10, 2021
  • First Open Lien Mortgage Loan Amount: $34,000,000
  • First Open Lien Mortgage Term: 372
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2052

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,100,000
  • Assessed Land Value: $5,100,000

    Exemptions

  • Welfare Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 13, 2021
  • Current Sale Recording Date: Sep 10, 2021
  • Current Sale Transaction ID: 11854996020
  • Current Sale Price: $5,000,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 25095893
  • Previous Sale Recording Date: Jan 19, 2005
  • Previous Sale Contract Date: Jan 12, 2005
  • Previous Sale Amount: $500,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: CALIFORNIA MUNICIPAL FINANCE A
  • First Mortgage Transaction Date: Sep 10, 2021
  • First Mortgage Loan Amount: $34,000,000
  • First Mortgage Terms: 372
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Oct 01, 2052



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Gilroy


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Nearby Rentals



Frequently Asked Questions

When was property at 1520 Hecker Pass Highway built and last sold?
The property at 1520 Hecker Pass Highway was built in 2021 and last sold on Aug 13, 2021 for $5,000,000.
How much is this home worth?
The estimated value of the home located at 1520 Hecker Pass Highway is $4,847,950.
What are some comparable homes to 1520 Hecker Pass Highway?
There are currently no comparable homes to 1520 Hecker Pass Highway.

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