Does seeing all those houses next to each other make you want to get away to your own private retreat? Somewhere with elbow room for just you and the trees?
Today Burbed reader wahnny has a place for you in Gilroy. Hope you think nines are lucky! And let’s have a big, warm, Real Bay Area welcome for wahnny who is today’s Guest Blogger!
0 LAND ONLY (Unable to map)
Gilroy, CA 95020
SQ. FT.: -
LOT SIZE: 3.23 Acres
PROPERTY TYPE: Residential Land (Single Family)
VIEW: Mountains, Neighborhood
COMMUNITY: Morgan Hill/Gilroy/San Martin
COUNTY: Santa Clara
ON REDFIN: 24 days
Magic Springs Drive. Also includes APN #810-03-004 for total of 4.36 acres. Beautiful and private creekside retreat among the giant redwoods and ferns. Over 20k put into bridge, foundation and engineered plans. No permits. Underground phone line and community spring fed water. Perfect for recreational getaway.
With all the recent chatter about “value in land only”, I thought this might make for an interesting, if not cautionary, tale.
This 4+acre property is nestled deep within a magical forest west of Gilroy. Since it has no street address, Redfin can’t map it, but the Santa Clara County GIS can (via APN 810-03-022).
The property last sold for $800K during the peak of the bubble years. Apparently, the seller planned to build a dream house there, investing over $20K towards improvements, but then gave up (the ogre/county wouldn’t permit it?).
With hopes dashed, the seller resigned to sell the property, but seemed conflicted on asking price (at one point asking twice what was paid for it). Currently, the seller has settled on a less fanciful price of $100K.
It just goes to show that RBA dreaming can only be truly realized in the RBA.