NOT LISTED FOR SALE

17015 Monterey St Morgan Hill, CA 95037

Estimated Value: $2,778,781

0.39 Acre
$7,143,396 Price per Acre
16,945 Sq Ft Lot

Last Sold May 10, 2013

Last sale price $950,000

Est. 193% increase in value since last sale

Current estimated payment $16,871/month

10 Days on Market

About This Lot

As of May 2013

This is a great opportunity for an investor or developer looking for steady income while preparing to redevelop the site. Current use is a gas station with mechanic garage, presently being leased. Tenant has a lease, but will consider selling. Drive by to see this great location in Morgan Hill.

Last Agent to Sell the Property

Louisa Davis

Christie's International Real Estate Sereno License #00854416 Listed on: 03/06/2013

Christie's International Real Estate Sereno

Last Buyer's Agent

Roger Malech

Intero Real Estate Services License #00835463

Intero Real Estate Services

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $27,562

Lot Details

Utilities

  • Underground Utilities

Property Details

Property Type

Land

Est. Annual Taxes

$27,562

Lot Details

0

Listing Details

  • Zoning: CC
  • Subclass: Other Commercial Land
  • Inspections Reports: Flood Zone, Fault Zone
  • Listing Class: Commercial Lots & Land
  • Present Use: Commercial
  • Development Status: Final Map Approved
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Sidewalks: Sidewalk, Street Lights, Curbs/Gutters

Lot Info

  • Lot Number: 8-11
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 17859.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 17859.00
  • Lot Size Area Min Search: 17859.00
  • Maximum Lot Size: 17859.00
  • Parcel Access: City Street

Rental Info

  • Lease Amount: 995000

Multi Family

  • Utilities: Underground - On Site
  • Number Of Buildings: 1

MLS Schools

  • High School District Text: Morgan Hill Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 24, 2022
Sold by
Singireddy Ninga R
Bought by
2012 Ninga R Singireddy And Lakshmi Singiredd
Current Estimated Value
$2,778,781

Purchase Details

Closed on
Dec 14, 2018
Sold by
Rscc Holdings Llc
Bought by
Singireddy Ninga R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,598,000
Interest Rate
4.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 11, 2018
Sold by
Singireddy Lakshmi
Bought by
Singireddy Ninga P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,598,000
Interest Rate
4.9%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 6, 2013
Closed on
May 1, 2013
Sold by
Rdw Properties Llc
Bought by
Rscc Holdings Llc
Seller's Agent
Louisa Davis
Christie's International Real Estate Sereno
Buyer's Agent
Roger Malech
Intero Real Estate Services
List Price
$995,000
Sold Price
$950,000
Premium/Discount to List
-$45,000
-4.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.98%
Original Mortgage
$617,500
Interest Rate
3.54%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 7, 2006
Sold by
Suncor Holdings Cop Ii Llc
Bought by
Rdw Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$726,000
Interest Rate
6.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 21, 2005
Sold by
Conocophillips Co
Bought by
Suncor Holdings Cop Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$726,000
Interest Rate
6.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 9, 1997
Sold by
Union Oil Company Of California
Bought by
Tosco Corp
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
2012 Ninga R Singireddy And Lakshmi Singiredd -- Law Office Of James D Krupka
Singireddy Ninga R $2,000,000 Old Republic Title Co
Singireddy Ninga P -- Old Republic Title Co
Rscc Holdings Llc $950,000 Fidelity National Title Co
Rdw Properties Llc -- Stewart Title Company Of Ca
Suncor Holdings Cop Ii Llc -- Commonwealth Land Title
Tosco Corp -- Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Singireddy Ninga P $1,598,000
Previous Owner Rscc Holdings Llc $617,500
Previous Owner Rdw Properties Llc $726,000
Previous Owner Suncor Holdings Cop Ii Llc $104,865,329
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2013 05/10/13 Sold $950,000 -4.5% --
03/16/2013 03/16/13 Pending -- -- --
03/06/2013 03/06/13 For Sale $995,000 -- --
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

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
2025 $27,562 $2,231,032 $1,606,344 $624,688
2024 $27,562 $2,187,288 $1,574,848 $612,440
2023 $27,238 $2,144,401 $1,543,969 $600,432
2022 $24,436 $2,102,355 $1,513,696 $588,659
2021 $23,817 $2,061,133 $1,484,016 $577,117
2020 $23,246 $2,040,000 $1,468,800 $571,200
2019 $23,906 $2,000,000 $1,440,000 $560,000
2018 $12,764 $1,028,143 $887,451 $140,692
2017 $12,642 $1,007,984 $870,050 $137,934
2016 $11,852 $988,221 $852,991 $135,230
2015 $11,725 $973,378 $840,179 $133,199
2014 $11,898 $954,312 $823,722 $130,590
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2013

    Louisa Davis

    Sereno Group

    Section Image
  • Roger Malech

    Buyer's Agent in 2013

    Roger Malech

    Intero Real Estate Services

    (408) 201-0132

    63 in this area

    102 Total Sales

    Roger Malech
    Section Image
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Map

Source: MLSListings

MLS Number: ML81307036

MLSListings

APN: 767-08-034

California Santa Clara County Morgan Hill 95037

17015 Monterey St, Morgan Hill, CA

This home is located at 17015 Monterey St, Morgan Hill, CA 95037 since 06 March 2013 and is currently estimated at $2,778,781. 17015 Monterey St is a home located in Santa Clara County with nearby schools including P.A. Walsh STEAM Academy, Britton Middle School, and Live Oak High School.

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