NOT LISTED FOR SALE

219 3rd St Gilroy, CA 95020

4 Beds
2 Baths
842 Sq Ft
6,534 Sq Ft Lot

Last Sold March 19, 2013

Last sale price $365,000 $433 Per Sq Ft

57 Days on Market

About This Home

As of March 2013

TFT; BANK AGREED TO SS. Solid rental opportunity to buy a short sale. Two homes on one lot both are 2 bedrooms, 1 bath units. How would you like to have a potential 12% ROR. 219 3rd St, is in good condition, 7701 church needs some TLC. Property sits on a corner lot, good, close to downtown Gilroy, nearby shopping and freeway access. Each units have a 1 car garage, one of has alley access.

Last Agent to Sell the Property

Donald Mitchell

Silicon Valley Associates Inc. License #01199334 Listed on: 09/12/2012

Silicon Valley Associates Inc.

Last Buyer's Agent

Jenny Huang

Coldwell Banker Realty License #01362454

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1940

Lot Details

  • 6,534

Parking

  • Private Parking

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 842 Sq Ft Home
  • 1-Story Property
  • Oven or Range

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $32,400

Community Details

Overview

  • 2 Units
  • 842 Sq Ft Building

Building Details

  • Insurance Expense $1,200
  • Maintenance Expense $1,620
  • Manager Expense $2,592
  • Utility Expense $1,560
  • Operating Expense $12,993
  • Gross Income $30,456

Property Details

Home Type

Multi-Family

Year Built

1940

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Duplex
  • Inspections Reports: Fault Zone, Flood Zone
  • Sale Price Per Sq Ft: 433.49
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 842
  • Special Features: 12
  • Property Sub Type: MultiFamily
  • Year Built: 1940

Interior Features

  • Kitchen: Oven Range
  • Living Sq Ft: 842
  • Stories: 1
  • Laundry: 220 Volt Outlet, Laundry Area - In All Units, Laundry Area - In Unit
  • Flooring: Carpet - Wall To Wall, Hardwood, Vinyl / Linoleum, Carpet

Exterior Features

  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Private / Exclusive, Spaces Per Unit - 1

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6440.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 6440.00
  • Lot Size Area Min Search: 6440.00
  • Maximum Lot Size: 6440.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 10.49

Multi Family

  • Expense Insurance: 1200
  • Expense Maintenance: 1620
  • Expense Management: 2592
  • Expenses Total: 12993
  • Expenses Utility: 1560
  • Income Annual Gross: 30456.00
  • Income Annual Rental: 32400
  • Income Gross Scheduled: 32400
  • Income Includes: Lease
  • Maximum Building Height: 1
  • Meters: Separate Gas
  • Minimum Building Height: 1
  • Number Of Buildings: 2
  • Operating Expenses Include: Services - Trash Removal, Insurance, Fee - Property Tax, Vacancy Factor
  • Tenant Expenses: Services - Gardener/Landscaping, Utilities - Gas, Utilities - Water, Utilities - Heating, Utilities - Hot Water, Cable Tv, Utilities - Electric, Services - Trash Removal
  • Vacancy Amount: 1944
  • Vacancy Factor: 6

Range of Values:

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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
03/19/2013 03/19/13 Sold $365,000 +32.7% $433 / Sq Ft
11/08/2012 11/08/12 Pending -- -- --
09/12/2012 09/12/12 For Sale $275,000 -- $327 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2013

    Donald Mitchell

    Silicon Valley Associates Inc.

    Section Image
  • Jenny Huang

    Buyer's Agent in 2013

    Jenny Huang

    Coldwell Banker Realty

    (408) 802-3982

    13 in this area

    75 Total Sales

    Jenny Huang
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81233829

MLSListings
California Santa Clara County Gilroy 95020

219 3rd St, Gilroy, CA

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