NOT LISTED FOR SALE

222 University Ave Los Gatos, CA 95030

West Los Gatos Neighborhood

Estimated Value: $1,874,000 - $3,102,000

3 Beds
1 Bath
1,205 Sq Ft
$1,893/Sq Ft Est. Value

Last Sold December 01, 2014

Last sale price $1,125,000 $934 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $13,844/month

40 Days on Market

Highlights

  • Laundry Facilities
  • Daves Avenue Elementary School Rated A
  • 1-Story Property

About This Home

As of December 2014

Nice triplex on a large lot in downtown Los Gatos. Spacious units. records show house as 1205 square feet but actual size is closer to 1550 +- square feet. Buyer to verify all information

Last Agent to Sell the Property

Vic Borelli

Victoria Properties License #01070031 Listed on: 10/07/2014

Last Buyer's Agent

Le Xuan Lindsay

On Time Realty Corporation License #01476788

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,219

Year Built

  • 1900

Lot Details

  • 6,055

Home Design

  • Triplex
  • Composition Roof

Interior Spaces

  • 1,205 Sq Ft Home
  • 1-Story Property

Utilities

  • Heating System Uses Gas
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $4,410
  • The owner pays for electric, garbage, gas, water
  • Month-to-Month Lease Term

Community Details

Building Details

  • Operating Expense $11,361
  • Gross Income $4,410

Additional Features

  • 1,205 Sq Ft Building
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,219

Year Built

1900

Lot Details

0

Listing Details

  • Zoning: C2
  • Subclass: Triplex
  • Age: 114
  • Inspections Reports: Flood Zone
  • Sale Price Per Sq Ft: 933.61
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 3
  • Min Numberof Unitsin Complex: 3
  • Structure Sq Ft: 1205
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Living Sq Ft: 1205
  • Stories: 1
  • Laundry: Community Facility

Exterior Features

  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Spaces Per Unit - <1

Utilities

  • Heating System: Electric, Gas
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Schools

  • School District: Los Gatos-Saratoga Joint Union High

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6098.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 6098.00
  • Lot Size Area Min Search: 6098.00
  • Maximum Lot Size: 6098.00

Rental Info

  • Existing Lease Term(s): Month To Month, 1 Year Lease
  • Gross Rent Multiplier: 317.46

Multi Family

  • Expenses Total: 11361
  • Income Annual Gross: 4410.00
  • Income Annual Rental: 4410
  • Income Gross Scheduled: 4410
  • Income Includes: Lease
  • Maximum Building Height: 1
  • Meters: Master Electric, Master Gas, Master Water
  • Minimum Building Height: 1
  • Number Of Buildings: 1
  • Operating Expenses Include: Utilities - Electric, Services - Trash Removal, Utilities - Gas, Utilities - Water, Miscellaneous/Other
  • Owner Pays: Electric, Garbage, Gas, Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2014
Closed on
Dec 22, 2014
Sold by
T & C Corporation
Bought by
Cong Thanh Llc
Seller's Agent
Vic Borelli
Victoria Properties
Buyer's Agent
Le Xuan Lindsay
On Time Realty Corporation
List Price
$1,350,000
Sold Price
$1,125,000
Premium/Discount to List
-$225,000
-16.67%
Current Estimated Value
$2,281,544

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,156,544
Avg. Annual Appreciation
6.58%

Purchase Details

Listed on
Oct 7, 2014
Closed on
Nov 21, 2014
Sold by
Faies William Neil
Bought by
T & C Corporation
Seller's Agent
Vic Borelli
Victoria Properties
Buyer's Agent
Le Xuan Lindsay
On Time Realty Corporation
List Price
$1,350,000
Sold Price
$1,125,000
Premium/Discount to List
-$225,000
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,050
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 2, 2007
Sold by
Fales Holly Lynn
Bought by
Fales William Neil

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 12, 2007
Sold by
C & W Communications Inc
Bought by
Fales William Neil

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 14, 2007
Sold by
Eidt Erik L
Bought by
C & W Communications Inc
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Cong Thanh Llc -- None Available
T & C Corporation $1,125,000 Old Republic Title Company
Fales William Neil -- Financial Title Company
Fales William Neil -- Financial Title Company
C & W Communications Inc $835,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cong Thanh Llc $1,687,000
Previous Owner Fales William Neil $273,050
Previous Owner Fales William Neil $417,000
Previous Owner Eidt Erik L $193,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2014 12/01/14 Sold $1,125,000 -16.7% $934 / Sq Ft
11/16/2014 11/16/14 Pending -- -- --
10/07/2014 10/07/14 For Sale $1,350,000 -- $1,120 / 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
2024 $16,219 $1,325,559 $795,336 $530,223
2023 $16,219 $1,299,569 $779,742 $519,827
2022 $15,812 $1,274,088 $764,453 $509,635
2021 $15,530 $1,249,107 $749,464 $499,643
2020 $15,250 $1,236,300 $741,780 $494,520
2019 $15,039 $1,212,060 $727,236 $484,824
2018 $14,826 $1,188,295 $712,977 $475,318
2017 $14,783 $1,164,997 $698,998 $465,999
2016 $14,395 $1,142,155 $685,293 $456,862
2015 $14,296 $1,125,000 $675,000 $450,000
2014 $11,514 $889,347 $878,634 $10,713
Source: Public Records

Agents Affiliated with this Home

  • Vic Borelli

    Seller's Agent in 2014

    Vic Borelli

    Victoria Properties

    (408) 781-7087

    11 Total Sales

    Section Image

  • L

    Buyer's Agent in 2014

    Le Xuan Lindsay

    On Time Realty Corporation

    (408) 644-1536

    46 Total Sales

    Section Image
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Map

Source: MLSListings

MLS Number: ML81436417

MLSListings

APN: 529-04-004

California Santa Clara County Los Gatos 95030 West Los Gatos

222 University Ave, Los Gatos, CA

This home is located at 222 University Ave, Los Gatos, CA 95030 since 07 October 2014 and is currently estimated at $2,281,544, approximately $1,893 per square foot. This property was built in 1900. 222 University Ave is a home located in Santa Clara County with nearby schools including Daves Avenue Elementary School, Loma Prieta Elementary School, and Raymond J. Fisher Middle School.

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