Seller's Agent in 2017
Roger Malech
Intero Real Estate Services
(408) 201-0132
52 in this area
91 Total Sales
50 E 5th St Morgan Hill, CA 95037
8
Beds
6
Baths
4,316
Sq Ft
9,583
Sq Ft Lot
Highlights
- Traditional Architecture
- 5-minute walk to Morgan Hill
- Fireplace
- Ann Sobrato High School Rated A
- Granite Countertops
- 3-minute walk to Railroad Park
About This Home
As of August 2017Incredible investment opportunity/Well maintained 4 plex in downtown Morgan Hill/Some updating in some units (laminate flooring, granite, etc.)/Fireplaces in each unit/2 units with private yards/Each unit with single car garage/Beautiful front landscaping/Current rents are low - Market rents estimated at $2200/month = $105,600/year.
Last Agent to Sell the Property
Intero Real Estate Services License #00835463 Listed on: 05/26/2017
Last Buyer's Agent
Renee Patterson
Intero Real Estate Services License #01164236
Property Details
Home Type
- Multi-Family
Year Built
- 1987
Lot Details
- Level Lot
- Back Yard
Parking
- 4 Car Attached Garage
- Secured Garage or Parking
Home Design
- Quadruplex
- Traditional Architecture
- Tudor Architecture
- Wood Frame Construction
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 4,316 Sq Ft Home
- 2-Story Property
- Fireplace
- Washer and Dryer Hookup
Kitchen
- Electric Cooktop
- Dishwasher
- Granite Countertops
- Tile Countertops
Flooring
- Carpet
- Stone
- Tile
- Vinyl
Utilities
- Forced Air Heating System
- Separate Meters
- 220 Volts
- Individual Gas Meter
Listing and Financial Details
- Total Actual Rent $87,600
Community Details
Overview
Building Details
- 4 Leased Units
- Insurance Expense $2,500
- Manager Expense $5,256
- Utility Expense $600
- Operating Expense $15,422
- Gross Income $87,600
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/09/2017 08/09/17 | Sold | $1,570,000 | -1.8% | $364 / Sq Ft |
| 06/30/2017 06/30/17 | Pending | -- | -- | -- |
| 05/26/2017 05/26/17 | For Sale | $1,599,000 | -- | $370 / 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 | $20,018 | $1,786,388 | $1,103,692 | $682,696 |
| 2024 | $20,018 | $1,751,361 | $1,082,051 | $669,310 |
| 2023 | $19,761 | $1,717,022 | $1,060,835 | $656,187 |
| 2022 | $19,432 | $1,683,356 | $1,040,035 | $643,321 |
| 2021 | $18,947 | $1,650,350 | $1,019,643 | $630,707 |
| 2020 | $18,487 | $1,633,428 | $1,009,188 | $624,240 |
| 2019 | $19,015 | $1,601,400 | $989,400 | $612,000 |
| 2018 | $19,078 | $1,570,000 | $970,000 | $600,000 |
| 2017 | $7,711 | $618,456 | $197,898 | $420,558 |
| 2016 | $7,144 | $606,330 | $194,018 | $412,312 |
| 2015 | $7,067 | $597,223 | $191,104 | $406,119 |
| 2014 | $7,163 | $585,525 | $187,361 | $398,164 |
Source: Public Records
Agents Affiliated with this Home
-
Roger Malech
-
R
Buyer's Agent in 2017
Renee Patterson
Intero Real Estate Services
Map
Source: MLSListings
MLS Number: ML81653366
APN: 726-13-006
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