7221 Forest St, Gilroy, CA, 95020
About This Home
Rare opportunity to own two homes on one lot, offering flexibility for homeowners, investors, or multi-generational living. Live in one home and rent the other, continue with the current rental arrangement, or enjoy the space for extended family. The front home is listed as a 3-bedroom, 1-bathroom residence and features an additional bathroom. Recent updates include fresh interior paint and new bedroom flooring. Inside, you'll find a spacious living and dining room combination, plus a rear deck perfect for relaxing or entertaining. A detached bonus structure with a bathroom and shower offers endless possibilities as a guest room, home office, studio, or hobby space. The rear home is listed as a 3-bedroom, 1-bathroom residence and includes an additional half bath. It also features its own private entrance from the back of the property, providing added privacy and convenience. Whether you're seeking rental income, an owner-occupied investment, or a property with room to grow, this versatile offering presents exceptional potential in one unique package. Opportunities like this don't come around often!
Getting Around
Very Walkable
Very Limited Transit
Very BikeableSchools
Construction
Condition
- Year built: 1890
Materials
- Foundation: Crawl Space,Reinforced Concrete
- Roof: Composition
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence,Residential
Interior
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Dining Room
- Features: BreakfastNook, DiningAreainLivingRoom
Family Room
- Features: KitchenFamilyRoomCombo
Heating & Cooling
- Heating features: Central Forced Air Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 1,732
- Total interior livable area: 1,732 sqft
Property
Details
- Parcel number: 84111014
- Zoning: M2
- Special condition: Standard
Features
- Stories: 1
Lot
- Lot size: 9,147 sqft
Parking
- Parking features: Garage Door Opener,Parking Area
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters in Santa Clara County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $5,815 | $69,780 |
| Home Insurance * | $200 | $2,400 |
| Property Taxes | $1,927 | $23,124 |
| Electricity | $398 | $4,786 |
| Total | $8,340 | $100,080 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-23 | Listed for sale | $1,150,000 |
| 2024-08-30 | Sold | $1,060,000 |
| 2024-08-20 | Pending sale | $1,080,000 |
| 2024-08-02 | Contingent | $1,080,000 |
| 2024-07-22 | Listed for sale | $1,080,000 |
| 2019-03-12 | Listing removed | $899,999 |
| 2018-10-26 | Listed for sale | $899,999 |
| 2015-12-16 | Sold | $289,000 |
| 2010-11-23 | Sold | $285,000 |
| 2009-11-18 | Sold | $654,880 |
| 2007-02-26 | Sold | $770,000 |
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