NOT LISTED FOR SALE

1028 Montebello Dr Gilroy, CA 95020

Gilroy Area
6 Beds
4 Baths
2,426 Sq Ft
8,050 Sq Ft Lot

Sale Details

Date Sold: December 17, 2019

Last sale price $883,000 $364 Per Sq Ft

2 Days on Market

Highlights

  • Traditional Architecture
  • Wet Bar
  • Level Lot
  • 1 Car Attached Garage
  • Forced Air Heating and Cooling System
  • Grass Covered Lot

About This Home

As of December 2019

Great investment opportunity! Both units are 3 bed/2 bath, approximately 1200 square feet with large, private rear yards. Units have an attached garage (one unit is a 1 car garage, the other a 2 car garage), fireplace in the living room and interior laundry. Recently installed carpet and fresh paint in one unit. This property has a great central location for rental units as it is within 1/2 mile walk to schools, shopping centers and is close to bus stops & grocery stores.

Last Agent to Sell the Property

Steve Toste

Coldwell Banker Realty License #00595095 Listed on: 11/06/2019

Coldwell Banker Realty

Last Buyer's Agent

Jag Saggi

Reliable Real Estate Services License #01425900

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Property Details

Home Type

  • Multi-Family

Year Built

  • 1978

Lot Details

  • 8,050 Sq Ft Lot
  • Level Lot
  • Sprinkler System
  • Grass Covered Lot
  • Back Yard

Parking

  • 1 Car Attached Garage

Home Design

  • Duplex
  • Traditional Architecture
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,426 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Washer and Dryer Hookup

Kitchen

  • Electric Oven
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $50,100

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $1,200
  • Maintenance Expense $1,000
  • Manager Expense $3,500
  • Operating Expense $10,448
  • Gross Income $50,100

Property Details

Home Type

Multi-Family

Year Built

1978

Lot Details

8,050 Sq Ft Lot

Parking

1

Listing Details

  • Zoning: R1
  • Subclass: Duplex
  • Style: Traditional
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2426
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1978

Interior Features

  • Kitchen: Countertop - Other, Dishwasher, Garbage Disposal, Oven Range - Electric
  • Living Sq Ft: 2426
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition
  • Yard/Grounds: Back Yard, Low Maintenance, Sprinklers - Lawn
  • Construction Type: Wood

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 1
  • Garage Parking Features: Attached Garage

Utilities

  • Cooling System: Central Forced Air - Gas
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: Wet Bar

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1848
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8048.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8048.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr, Month To Month
  • Gross Rent Multiplier: 17.56
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1200
  • Expense Landscape: 1200
  • Expense Maintenance: 1000
  • Expense Management: 3500
  • Expenses Total: 10448
  • Income Annual Gross: 50100.00
  • Income Annual Rental: 50100
  • Income Gross Scheduled: 50100
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Services - Gardener
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2019
Closed on
Dec 10, 2019
Sold by
Smedley Roger
Bought by
Seller's Agent
Steve Toste
Coldwell Banker Realty
Buyer's Agent
Jag Saggi
Reliable Real Estate Services
List Price
$879,900
Sold Price
$883,000
Premium/Discount to List
$3,100
0.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$618,100
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 6, 2019
Closed on
Oct 22, 2019
Sold by
Morrison David B and David C Roberts Revocable Trus
Bought by
Smedley Roger
Seller's Agent
Steve Toste
Coldwell Banker Realty
Buyer's Agent
Jag Saggi
Reliable Real Estate Services
List Price
$879,900
Sold Price
$883,000
Premium/Discount to List
$3,100
0.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$618,100
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 18, 2018
Sold by
Roberts David C
Bought by
Roberts David C and David C Roberts Revocable Trus
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$883,000 Old Republic Title Company
Smedley Roger -- Old Republic Title Company
Roberts David C -- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $956,250
Closed Saggi Joginder K $618,100
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/17/2019 12/17/19 Sold $883,000 +0.4% $364 / Sq Ft
11/09/2019 11/09/19 Pending -- -- --
11/07/2019 11/07/19 For Sale $879,900 -0.4% $363 / Sq Ft
11/07/2019 11/07/19 Off Market $883,000 -- --
11/06/2019 11/06/19 For Sale $879,900 -- $363 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $11,912 $984,998 $538,793 $446,205
2025 $11,726 $965,685 $528,229 $437,456
2024 $11,726 $946,751 $517,872 $428,879
2023 $11,726 $928,188 $507,718 $420,470
2022 $11,468 $909,989 $497,763 $412,226
2021 $11,419 $892,147 $488,003 $404,144
2020 $11,295 $883,000 $483,000 $400,000
2019 $3,721 $281,011 $70,606 $210,405
2018 $3,478 $275,502 $69,222 $206,280
2017 $3,548 $270,101 $67,865 $202,236
2016 $3,471 $264,806 $66,535 $198,271
2015 $3,278 $260,829 $65,536 $195,293
2014 $3,257 $255,721 $64,253 $191,468
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML81774724

MLSListings

APN: 808-28-035

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