NOT LISTED FOR SALE

50 W 3rd St Morgan Hill, CA 95037

3 Beds
-- Bath
1,200 Sq Ft
0.28 Acres

Last Sold May 29, 2014

Last sale price $620,000 $517 Per Sq Ft

16 Days on Market

Highlights

  • Neighborhood Views
  • Baseboard Heating
  • Level Lot
  • Balcony
  • Laundry Facilities
  • Wall to Wall Carpet

About This Home

As of May 2014

This 3 unit income generator is situated in a desirable location adjacent to the picturesque downtown Morgan Hill area. A stream runs along the east border of property giving property a country feel with all the dining, shopping and conveniences of downtown. Shared laundry onsite, 3 car garage on a spacious 12,480sqft lot. Property features a large front yard.

Last Agent to Sell the Property

Teri Fortino

Intero Real Estate Services License #01061765 Listed on: 03/06/2014

Intero Real Estate Services

Last Buyer's Agent

Shannon Farrell

Intero Real Estate Services License #01913155

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • 1953

Lot Details

  • 0.28

Home Design

  • Triplex
  • Composition Roof

Interior Spaces

  • 1,200 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Utilities

  • Wall Furnace
  • Baseboard Heating
  • Sewer Within 50 Feet

Additional Features

  • Balcony
  • Level Lot

Listing and Financial Details

  • Total Actual Rent $39,660
  • The owner pays for electric, services - gardener/landscaping, gas, heating, water

Community Details

Overview

  • 3 Units
  • 1,200 Sq Ft Building

Amenities

  • Laundry Facilities

Building Details

  • Gardener Expense $480
  • Insurance Expense $797
  • Maintenance Expense $871
  • Utility Expense $4,235
  • Operating Expense $11,867
  • Gross Income $39,796

Property Details

Home Type

Multi-Family

Year Built

1953

Lot Details

0

Listing Details

  • Zoning: CC
  • Subclass: Triplex
  • Age: 61
  • Inspections Reports: Flood Zone
  • Sale Price Per Sq Ft: 516.67
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 3
  • Min Numberof Unitsin Complex: 3
  • Structure Sq Ft: 1200
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1953

Interior Features

  • Living Sq Ft: 1200
  • Stories: 2
  • Laundry: Washer/Dryer - Leased Coin-Op, Community Facility
  • Flooring: Carpet - Wall To Wall, Vinyl / Linoleum, Carpet

Exterior Features

  • Roof: Composition
  • View: Local/Neighborhood
  • Yard/Grounds: Balcony / Patio

Garage/Parking

  • Garage Parking Features: Spaces Per Unit - 1

Utilities

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

Schools

  • School District: Morgan Hill Unified

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 12480.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 12480.00
  • Lot Size Area Min Search: 12480.00
  • Maximum Lot Size: 12480.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 15.05

Multi Family

  • Expense Insurance: 797
  • Expense Landscape: 480
  • Expense Maintenance: 871
  • Expenses Total: 11867
  • Expenses Utility: 4235
  • Expense Water Sewer: 1242
  • Income Annual Gross: 39796.00
  • Income Annual Rental: 39660
  • Income Gross Scheduled: 39796
  • Income Includes: Laundry, Lease
  • Income Laundry: 136
  • Maximum Building Height: 2
  • Meters: Master Electric, Master Gas, Master Water
  • Minimum Building Height: 2
  • Number Of Buildings: 2
  • Operating Expenses Include: Utilities - Electric, Services - Gardener, Utilities - Gas, Utilities - Heat, Utilities - Water, Services - Trash Removal, Insurance, Maintenance - Repair, Fee - Property Tax, Services - Sewer
  • Owner Pays: Electric, Services - Gardener/Landscaping, Gas, Heating, Water
  • Tenant Expenses: Services - Trash Removal

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
05/29/2014 05/29/14 Sold $620,000 +3.5% $517 / Sq Ft
03/22/2014 03/22/14 Pending -- -- --
03/06/2014 03/06/14 For Sale $599,000 -- $499 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2014

    Teri Fortino

    Intero Real Estate Services

    Section Image

  • S

    Buyer's Agent in 2014

    Shannon Farrell

    Intero Real Estate Services

    Section Image
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Map

Source: MLSListings

MLS Number: ML81406982

MLSListings

APN: 767-08-002

California Santa Clara County Morgan Hill 95037

50 W 3rd St, Morgan Hill, CA

This home is located at 50 W 3rd St, Morgan Hill, CA 95037 since 06 March 2014. This property was built in 1953. 50 W 3rd St is a home located in Santa Clara County with nearby schools including P.A. Walsh STEAM Academy, Britton Middle School, and Live Oak High School.

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