$495,000
●
Land -
Off Market
2031 Portmarnock Way
Gilroy, CA 95020
Studio
0 Bath
$654,472
RealtyHop Estimate
20.09%
Since Sep 1, 2020
CA-San Francisco
Primary Model
About This Property
Gorgeous and ready to build! This beautiful premier 1.35 acre
parcel is located in the Gated Community of Eagle Ridge. Amazing
views of the City lights, Eagle Ridge Golf course and the stunning
valley of South County ; surrounded by green rolling hills and oak
trees on a private court. This unique parcel is encompassed with
the amenities of HOA that provide pool, spa and tennis courts along
with private 24 hour security. Three sets of home plans available.
One set has both Eagle Ridge Review Committee & City of Gilroy
approval. This is the perfect lot you have been looking for to
build your dream home!
Unit Size
-
Days on Market
181 days
Land Size
1.35 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$175
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 months ago (MLSListings Inc. #ML81781492)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Aug 4, 2020 | Sold | ||
| Sold | |||
| Jun 23, 2020 | In contract | - | |
| In contract | |||
| Mar 7, 2020 | Listed | $545,000 | |
| Listed | |||
| | |||
|
Gorgeous and ready to build! This beautiful premier 1.35 acre parcel is located in the Gated Community of Eagle Ridge. Amazing views of the City lights, Eagle Ridge Golf course and the stunning valley of South County ; surrounded by green rolling hills and oak trees on a private court. This unique parcel is encompassed with the amenities of HOA that provide pool, spa and tennis courts along with private 24 hour security. Three sets of home plans available. One set has both Eagle Ridge Review Committee & City of Gilroy approval. This is the perfect lot you have been looking for to build your dream home!
| |||
| Feb 5, 2020 | Listed by Intero Real Estate Services | $545,000 | |
| Listed by Intero Real Estate Services | |||
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Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Closing Price
Sold On
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HOA + Taxes
About Gilroy
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Listed by: Stephen Barsanti, Intero Real Estate Services
Last Updated: 5 months ago
Data Source: CRMLS, MLS# ML81781492
Last Updated: 5 months ago
Data Source: CRMLS, MLS# ML81781492
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