NOT LISTED FOR SALE

205 Spring Ave Morgan Hill, CA 95037

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

Last 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

0

Listing Details

  • Zoning: R3
  • Subclass: Duplex
  • Style: Ranch
  • Age: 41
  • 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

Range of Values:

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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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Janet Simas

    Seller's Agent in 2015

    Janet Simas

    Spirit Properties

    (408) 465-2310

    11 Total Sales

    Janet Simas
    Section Image
  • Joe Maguire

    Buyer's Agent in 2015

    Joe Maguire

    Spirit Properties

    (408) 377-6500

    3 in this area

    36 Total Sales

    Joe Maguire
    Section Image
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Map

Source: MLSListings

MLS Number: ML81453164

MLSListings

APN: 767-11-006

California Santa Clara County Morgan Hill 95037

205 Spring Ave, Morgan Hill, CA

This home is located at 205 Spring Ave, Morgan Hill, CA 95037 since 03 March 2015. This property was built in 1974. 205 Spring Ave is a home located in Santa Clara County with nearby schools including Paradise Valley Elementary, Britton Middle School, and Live Oak High School.

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