NOT LISTED FOR SALE
5 Beds
3 Baths
3,442 Sq Ft
0.26 Acres

Last Sold July 15, 2015

Last sale price $1,350,000 $392 Per Sq Ft

78 Days on Market

Highlights

  • 1 Car Attached Garage
  • Monta Loma Elementary School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of July 2015

1935 Colony Street is a duplex located in Mountain View, California, within close proximity to Google as well as many other major employers. The investment offers one, 3-bedroom/2-bath house in the front and one, 2-bedroom/1-bath apartment located directly behind the main house. The grounds consist of 11,787 SF with 3,442 SF of living space. The subject property is next door to two new housing development projects totaling 84,436 SF, offering tremendous development potential.

Last Agent to Sell the Property

Adam Levin

Marcus & Millichap License #01462752 Listed on: 04/13/2015

Last Buyer's Agent

Adam Levin

Marcus & Millichap License #01462752 Listed on: 04/13/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • 1947

Lot Details

  • 0.26

Parking

  • 1 Car Attached Garage
  • Off-Street Parking

Home Design

  • 3,442 Sq Ft Home
  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Utilities

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

Listing and Financial Details

  • Total Actual Rent $85,800
  • Month-to-Month Lease Term

Community Details

Overview

  • 3,442 Sq Ft Building

Building Details

  • 2 Leased Units
  • Insurance Expense $1,200
  • Maintenance Expense $1,200
  • Utility Expense $840
  • Trash Expense $2,900
  • Operating Expense $23,933
  • Gross Income $83,226

Property Details

Home Type

Multi-Family

Year Built

1947

Lot Details

0

Parking

1

Listing Details

  • Zoning: MM-40
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3442
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1947

Interior Features

  • Living Sq Ft: 3442

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 5
  • Garage Parking Features: Attached Garage, Common Parking Area, Off-Street Parking

Utilities

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

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 11326.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 11326.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 19.00
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1200
  • Expense Maintenance: 1200
  • Expenses Total: 23933
  • Expenses Utility: 840
  • Expense Trash: 2900
  • Income Annual Gross: 83226.00
  • Income Annual Rental: 85800
  • Income Gross Scheduled: 85800
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 3
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2015 07/15/15 Sold $1,350,000 -17.2% $392 / Sq Ft
06/30/2015 06/30/15 Pending -- -- --
04/13/2015 04/13/15 For Sale $1,630,000 -- $474 / 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 $18,980 $1,598,121 $1,479,744 $118,377
2024 $18,980 $1,566,786 $1,450,730 $116,056
2023 $18,732 $1,536,066 $1,422,285 $113,781
2022 $18,679 $1,505,948 $1,394,398 $111,550
2021 $18,239 $1,476,420 $1,367,057 $109,363
2020 $18,132 $1,461,282 $1,353,040 $108,242
2019 $17,332 $1,432,630 $1,326,510 $106,120
2018 $17,167 $1,404,540 $1,300,500 $104,040
2017 $16,386 $1,377,000 $1,275,000 $102,000
2016 $16,092 $1,350,000 $1,250,000 $100,000
2015 $4,659 $371,800 $202,798 $169,002
2014 $4,606 $364,518 $198,826 $165,692
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81467665

MLSListings

APN: 153-05-020