NOT LISTED FOR SALE

18430 Ruby Ln Morgan Hill, CA 95037

Estimated Value: $621,000 - $721,000

2 Beds
2.5 Baths
1,374 Sq Ft
902 Sq Ft Lot

Last Sold July 29, 2022

Last sale price $581,842 $423 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $4,155/month

47 Days on Market

Highlights

  • Private Pool
  • Below Market Rate Unit
  • 2 Car Attached Garage
  • Ann Sobrato High School Rated A
  • Open to Family Room
  • Bathtub with Shower

About This Home

As of July 2022

This Property falls under the Below Market Rate Program and is subject to a 45-year Resale Restriction with the City of Morgan Hill. Income max for household: 2p-$145,250, 3p-$163,400, 4p-$181,550, 5p-$196,050. Applicants must be first time home buyers, income eligible and must qualify for the opportunity. Program qualifications and guidelines are important to read and review before beginning the process. Applicants who currently live or work within the City limits will get 1st Preference. Occupancy standards apply. Please visit the program website for more information at www.housekeys.org (inquire about BMR program) and wwwmyhousekeys.com (when household is ready to apply for opportunity). Please refer to Virtual Tour.

Last Agent to Sell the Property

Katarina Marusic

Housekeys Inc. License #01245697 Listed on: 04/20/2022

Last Buyer's Agent

Katarina Marusic

Housekeys Inc. License #01245697 Listed on: 04/20/2022

Property Details

Home Type

  • Condominium

Year Built

  • 2008

Lot Details

  • 902

Parking

  • 2 Car Attached Garage
  • Guest Parking

Home Design

  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,374 Sq Ft Home
  • Family or Dining Combination
  • Laundry on upper level

Kitchen

  • Open to Family Room
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathtub with Shower
  • Walk-in Shower

Additional Features

  • Private Pool
  • Forced Air Heating and Cooling System

Community Details

  • Property has a Home Owners Association
  • Association fees include common area electricity, common area gas, exterior painting, insurance - common area, landscaping / gardening, pool spa or tennis, roof
  • Madrone Plaza Association

Listing and Financial Details

  • Below Market Rate Unit

Property Details

Home Type

Condominium

Year Built

2008

Lot Details

0

Parking

2

Listing Details

  • Zoning: R3
  • Subclass: Condominium
  • Restrictions: Below Market Rate Unit
  • Listing Class: Residential
  • Structure Sq Ft: 1374
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 2008

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Dining Room: Dining Area In Family Room, Eat In Kitchen
  • Living Sq Ft: 1374
  • Laundry: Inside, Upper Floor
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Bathroom: Shower Over Tub - 1, Stall Shower

Exterior Features

  • Foundation: Concrete Slab
  • Pool Description: Yes
  • Roof: Composition
  • Pool: Community Facility

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage, Guest / Visitor Parking

Utilities

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

Condo/Co-op/Association

  • Complex Name: Madrone Plaza
  • HOA Fees: 325
  • Association Fees Include: Common Area Electricity, Common Area Gas, Exterior Painting, Insurance - Common Area, Landscaping / Gardening, Pool, Spa, Or Tennis, Roof
  • HOA Exist: Yes
  • H O A Name Text: Madrone Plaza Association

Lot Info

  • Lot Acres: 0.0207
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 902.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 902.00

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 27, 2022
Sold by
Garrett Avilla
Bought by
Mekonnen Melaku D and Bizuneh Bezawit
Current Estimated Value
$684,305

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$552,749
Interest Rate
5.78%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 10, 2013
Closed on
Oct 25, 2013
Sold by
Wildoner Barbara Ranae
Bought by
Avilla Garrett
Seller's Agent
Violeta Perez
Neighborhood Housing Services Silicon Valley
Buyer's Agent
Violeta Perez
Neighborhood Housing Services Silicon Valley
List Price
$394,393
Sold Price
$394,939
Premium/Discount to List
$546
0.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.62%
Original Mortgage
$30,000
Interest Rate
4.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 26, 2009
Sold by
South County Community Builders
Bought by
Wildoner Barbara Ranae

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,500
Interest Rate
5.02%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mekonnen Melaku D $582,000 Chicago Title
Avilla Garrett $395,000 Chicago Title Company
Wildoner Barbara Ranae $373,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mekonnen Melaku D $552,749
Previous Owner Avilla Garrett $30,000
Previous Owner Wildoner Barbara Ranae $251,500
Closed Mekonnen Melaku D $552,749
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/29/2022 07/29/22 Sold $581,842 0.0% $423 / Sq Ft
06/07/2022 06/07/22 Pending -- -- --
04/20/2022 04/20/22 For Sale $581,842 +47.3% $423 / Sq Ft
10/31/2013 10/31/13 Sold $394,939 0.0% $287 / Sq Ft View Prior Sale
08/28/2013 08/28/13 Pending -- -- --
07/15/2013 07/15/13 Price Changed $394,939 +0.1% $287 / Sq Ft
07/10/2013 07/10/13 For Sale $394,393 -- $287 / Sq Ft
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 $6,830 $605,346 $302,673 $302,673
2024 $6,830 $593,478 $296,739 $296,739
2023 $6,742 $581,842 $290,921 $290,921
2022 $5,279 $456,210 $228,026 $228,184
2021 $5,394 $447,265 $223,555 $223,710
2020 $5,363 $442,680 $221,263 $221,417
2019 $5,501 $434,001 $216,925 $217,076
2018 $5,518 $425,492 $212,672 $212,820
2017 $5,468 $417,150 $208,502 $208,648
2016 $5,141 $408,971 $204,414 $204,557
2015 $5,142 $402,829 $201,344 $201,485
2014 $5,196 $394,939 $197,400 $197,539
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2022

    Katarina Marusic

    Housekeys Inc.

    (408) 220-5555

    2 in this area

    11 Total Sales

    Katarina Marusic
    Section Image

  • V

    Seller's Agent in 2013

    Violeta Perez

    Neighborhood Housing Services Silicon Valley

    Section Image
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Map

Source: MLSListings

MLS Number: ML81887904

MLSListings

APN: 726-50-050

California Santa Clara County Morgan Hill 95037

18430 Ruby Ln, Morgan Hill, CA

Not Listed for Sale

Condos

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