NOT LISTED FOR SALE

205 Spring Ave Morgan Hill, CA 95037

4 Beds
2 Baths
1,912 Sq Ft
6,534 Sq Ft Lot

Sale Details

Date Sold: May 15, 2015

Last sale price $625,000 $327 Per Sq Ft

28 Days on Market

Highlights

  • City View
  • Carpet
  • 1-Story Property
  • Vaulted Ceiling

About This Home

As of May 2015

Owner unit, has 2 car carport, 2 bed with den or office attached, Unit 2 is just one car carport, New Roof easy walk to downtown Morgan Hill and all the great restaurants! Units are clean, Owner retired and is out of state. Tenants have been there more than 10 yrs. Present rents very low, and new rents for these units are $2000 for 2 bed 1 bath and $2250 for the 2 Bed, Den, 1 bath.

Last Agent to Sell the Property

Janet Simas

Spirit Properties License #00408408 Listed on: 03/03/2015

Last Buyer's Agent

Joe Maguire

Spirit Properties License #01294258

Property Details

Home Type

  • Multi-Family

Year Built

  • 1974

Lot Details

  • Corners Of The Lot Have Been Marked

Parking

  • 3 Carport Spaces

Home Design

  • Duplex
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 1,912 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • City Views
  • Crawl Space
  • Electric Cooktop
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Vinyl

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $50,400

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $825
  • Utility Expense $115
  • Trash Expense $35
  • Operating Expense $3,707
  • Gross Income $50,400

Property Details

Home Type

Multi-Family

Year Built

1974

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Zoning: R3
  • Subclass: Duplex
  • Style: Ranch
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1912
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1974

Interior Features

  • Kitchen: Cooktop - Electric
  • Living Sq Ft: 1912
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Crawl Space
  • Roof: Composition
  • View: City
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Parking Features: Carport
  • Carport Min: 3

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Vaulted Ceiling

Lot Info

  • Lot Description: Corners Marked
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7438.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7438.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 12.90
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Gas Meters, Natural Gas
  • Expense Insurance: 825
  • Expense Landscape: 1200
  • Expenses Total: 3707
  • Expenses Utility: 115
  • Expense Trash: 35
  • Income Annual Gross: 50400.00
  • Income Annual Rental: 50400
  • Income Gross Scheduled: 50400
  • Income Includes: Rents
  • Meters: Master Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Maintenance
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
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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
05/15/2015 05/15/15 Sold $625,000 -3.8% $327 / Sq Ft
03/31/2015 03/31/15 Pending -- -- --
03/03/2015 03/03/15 For Sale $649,999 -- $340 / Sq Ft
Source: MLSListings

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 $8,428 $751,147 $576,884 $174,263
2024 $8,428 $736,420 $565,573 $170,847
2023 $8,319 $721,982 $554,484 $167,498
2022 $8,178 $707,826 $543,612 $164,214
2021 $7,972 $693,948 $532,953 $160,995
2020 $7,857 $686,834 $527,489 $159,345
2019 $8,080 $673,368 $517,147 $156,221
2018 $8,104 $660,165 $507,007 $153,158
2017 $8,028 $647,221 $497,066 $150,155
2016 $7,520 $634,531 $487,320 $147,211
2015 $1,533 $118,761 $20,934 $97,827
2014 $1,532 $116,435 $20,524 $95,911
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81453164

MLSListings

APN: 767-11-006

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