NOT LISTED FOR SALE

240 E Edmundson Ave Morgan Hill, CA 95037

5 Beds
2 Baths
1,470 Sq Ft
8,059 Sq Ft Lot

Last Sold October 25, 2023

Last sale price $814,125 $554 Per Sq Ft

10 Days on Market

Highlights

  • Wood Flooring
  • Level Lot
  • 1-Story Property
  • Ann Sobrato High School Rated A

About This Home

As of October 2023

The property address is 220 E. Edmundson as per the county. The mail boxes say 240 A & B. Please go to 240 E. Edmundson, not 220 E. Edmundson. This Morgan Hill duplex features a three bedroom / one bathroom free standing unit and a free standing two bedroom / one bathroom unit in the rear of the property. The front unit has a fenced front yard, stucco exterior, a fireplace, clothes washer/dryer hookups, and hardwood floors. The kitchen is large and has room for a dining table. The bathroom has been updated. The rear unit has a stucco exterior, clothes washer hookups, and a private backyard. There is parking for 4+ cards on the site. The tenants pay their own PG&E and landlord pays the water, sewer, and garbage. The front house will work well for owner occupancy.

Last Agent to Sell the Property

Hap Albers

Albers Real Estate Investment Company License #01006595 Listed on: 09/21/2023

Last Buyer's Agent

Perry Campbell

Perry Campbell Real Estate License #00675120

Property Details

Home Type

  • Multi-Family

Year Built

  • 1950

Lot Details

  • 8,059 Sq Ft Lot
  • Level Lot

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,470 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer Hookup

Kitchen

  • Gas Oven
  • Range Hood
  • Formica Countertops

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • On-Street Parking
  • Off-Street Parking

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $43,548

Community Details

Overview

  • 1,470 Sq Ft Building

Building Details

  • 2 Leased Units
  • Insurance Expense $1,000
  • Maintenance Expense $2,000
  • Manager Expense $2,534
  • Utility Expense $3,311
  • Trash Expense $1,008
  • Operating Expense $20,858
  • Gross Income $42,242

Property Details

Home Type

Multi-Family

Year Built

1950

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Duplex
  • Age: 73
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1470
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1950

Interior Features

  • Kitchen: Countertop - Formica, Hood Over Range, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 1470
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Carpet, Hardwood, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Off-Street Parking, On Street

Utilities

  • Heating System: Gas, Wall Furnace
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Morgan Hill Unified
  • Elementary School: Barrett Elementary
  • Middle School: Martin Murphy Middle
  • High School: Ann Sobrato High
  • High School: 1080
  • Elementary School: 1081
  • Middle School: 306

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1850
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8060.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8060.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 21.82
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1000
  • Expense Maintenance: 2000
  • Expense Management: 2534
  • Expenses Total: 20858
  • Expenses Utility: 3311
  • Expense Trash: 1008
  • Income Annual Gross: 42242.00
  • Income Annual Rental: 43548
  • Income Gross Scheduled: 43548
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Services - Sewer, Services - Trash Removal, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating
  • Vacancy Factor: 3

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 Change Sq Ft Price
10/25/2023 10/25/23 Sold $814,125 -14.3% $554 / Sq Ft
10/02/2023 10/02/23 Pending -- -- --
09/21/2023 09/21/23 For Sale $950,000 -- $646 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Hap Albers

    Seller's Agent in 2023

    Hap Albers

    Albers Real Estate Investment Company

    (408) 893-6002

    3 in this area

    62 Total Sales

    Hap Albers
    Section Image
  • Perry Campbell

    Buyer's Agent in 2023

    Perry Campbell

    Perry Campbell Real Estate

    (408) 268-4001

    2 in this area

    7 Total Sales

    Perry Campbell
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81942799

MLSListings
California Santa Clara County Morgan Hill 95037

240 E Edmundson Ave, Morgan Hill, CA

This home is located at 240 E Edmundson Ave, Morgan Hill, CA 95037 since 21 September 2023. This property was built in 1950. 240 E Edmundson Ave is a home located in Santa Clara County with nearby schools including Barrett Elementary School, Martin Murphy Middle School, and Ann Sobrato High School.

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