NOT LISTED FOR SALE

540 Fairview Dr Gilroy, CA 95020

Gilroy Area
6 Beds
3 Baths
3,384 Sq Ft
7,074 Sq Ft Lot

Sale Details

Date Sold: June 14, 2019

Last sale price $1,495,000 $442 Per Sq Ft

Highlights

  • Horse Property
  • Coin Laundry
  • Vinyl Flooring
  • Double Pane Windows
  • Fenced
  • Heating Available

About This Home

As of June 2019

This home is located at 540 Fairview Dr, Gilroy, CA 95020 since 15 May 2019. This property was built in 1964. 540 Fairview Dr is a home located in Santa Clara County with nearby schools including Glen View Elementary School, Solorsano Middle School, and Gilroy High School.

Last Agent to Sell the Property

Eduardo Cerna

Elan Management License #00947748 Listed on: 05/15/2019

Last Buyer's Agent

Kwokkin Chan

Junction Realty Corporation License #01317780

Property Details

Home Type

  • Multi-Family

Year Built

  • 1964

Lot Details

  • 7,074 Sq Ft Lot
  • Fenced

Home Design

  • Quadruplex
  • Slab Foundation
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 3,384 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Vinyl Flooring

Kitchen

  • Electric Oven
  • Range Hood
  • Freezer
  • Synthetic Countertops

Parking

  • 2 Parking Spaces
  • 4 Carport Spaces
  • On-Street Parking
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Separate Meters

Additional Features

  • ENERGY STAR/CFL/LED Lights
  • Horse Property

Listing and Financial Details

  • Total Actual Rent $108,000

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $900
  • Insurance Expense $500
  • Maintenance Expense $1,000
  • Manager Expense $2,400
  • Other Expense $1,000
  • Utility Expense $3,693
  • Operating Expense $24,275
  • Gross Income $105,924

Property Details

Home Type

Multi-Family

Year Built

1964

Lot Details

7,074 Sq Ft Lot

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3384
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Kitchen: Countertop - Synthetic, Freezer, Hood Over Range, Oven Range - Electric, Refrigerator
  • Living Sq Ft: 3384
  • Stories: 2
  • Laundry: Coin Operated
  • Flooring: Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition
  • Yard/Grounds: Fenced
  • Horse Property: Yes
  • Construction Type: Wood Frame

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Assigned Spaces, Covered Parking, On Street
  • Carport Min: 4

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Electric
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Acres: 0.1624
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7073.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7073.00

Green Features

  • Energy Features: Double Pane Windows, Energy Star Lighting

Rental Info

  • Existing Lease Term(s): Lease(s)
  • Gross Rent Multiplier: 13.69
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters
  • Expense Insurance: 500
  • Expense Landscape: 900
  • Expense Maintenance: 1000
  • Expense Management: 2400
  • Expenses Other: 1000
  • Expenses Total: 24275
  • Expenses Utility: 3693
  • Income Annual Gross: 105924.00
  • Income Annual Rental: 108000
  • Income Gross Scheduled: 108000
  • Income Includes: Laundry, Rents
  • Income Other: 1200
  • Meters: Separate Common Area, Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Other Taxes, Fee - Property Tax, Insurance, Maintenance - Repair, Salary Employee(s), Services - Gardener, Utilities, Vacancy Factor
  • Tenant Expenses: Utilities - Electric
  • Vacancy Factor: 3

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 15, 2023
Sold by
Bought by

Purchase Details

Listed on
May 15, 2019
Closed on
May 22, 2019
Sold by
Bought by
Seller's Agent
Eduardo Cerna
Elan Management
Buyer's Agent
Kwokkin Chan
Junction Realty Corporation
List Price
$1,495,000
Sold Price
$1,495,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,121,250
Interest Rate
0.0625%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 17, 2018
Sold by
Bought by

Purchase Details

Closed on
May 11, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$735,250
Interest Rate
0.0899%
Mortgage Type
Balloon

Purchase Details

Closed on
Feb 16, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$545,300
Interest Rate
0.0537%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 11, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$545,300
Interest Rate
0.0537%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 27, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,000
Interest Rate
0.0583%

Purchase Details

Closed on
Jun 7, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
0.0683%

Purchase Details

Closed on
Mar 17, 1997
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$1,495,000 Old Republic Title Company
$1,102,500 Old Republic Title Co
$865,000 Chicago Title Company
-- Chicago Title
$779,000 Chicago Title
-- Financial Title Company
-- Financial Title Company
-- Financial Title Company
-- Financial Title Company
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,111,000
Previous Owner $1,121,250
Previous Owner $735,250
Previous Owner $545,300
Previous Owner $211,000
Previous Owner $210,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/14/2019 06/14/19 Sold $1,495,000 0.0% $442 / Sq Ft
05/15/2019 05/15/19 Pending -- -- --
05/15/2019 05/15/19 For Sale $1,495,000 -- $442 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $20,193 $1,667,696 $446,205 $1,221,491
2024 $20,193 $1,634,997 $437,456 $1,197,541
2023 $20,078 $1,602,939 $428,879 $1,174,060
2022 $19,753 $1,571,510 $420,470 $1,151,040
2021 $19,671 $1,540,697 $412,226 $1,128,471
2020 $19,456 $1,524,900 $408,000 $1,116,900
2019 $14,261 $1,102,500 $551,250 $551,250
2018 $12,804 $1,038,896 $420,361 $618,535
2017 $13,077 $1,018,526 $412,119 $606,407
2016 $11,956 $930,000 $400,000 $530,000
2015 $9,981 $809,000 $327,300 $481,700
2014 $9,081 $725,000 $325,000 $400,000
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2019

    Eduardo Cerna

    Elan Management

  • K

    Buyer's Agent in 2019

    Kwokkin Chan

    Junction Realty Corporation

    (408) 981-6897

    7 Total Sales

    Kwokkin Chan
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Map

Source: MLSListings

MLS Number: ML81752112

MLSListings

APN: 799-13-036

California Santa Clara County Gilroy 95020

540 Fairview Dr, Gilroy, CA

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