NOT LISTED FOR SALE

7050 Princevalle St Unit 2 Gilroy, CA 95020

Gilroy Area
8 Beds
-- Bath
2,950 Sq Ft
6,970 Sq Ft Lot

Sale Details

Date Sold: October 15, 2014

Last sale price $795,000 $269 Per Sq Ft

287 Days on Market

Highlights

  • Deck
  • Balcony
  • Level Lot
  • Neighborhood Views
  • Laundry Facilities
  • Wall to Wall Carpet

About This Home

As of October 2014

Shrewd Investor Only. Great Rental Properties with potential to Grow. Solid Cash flows from section 8 tenants. Opportunity to Own total of 8 units side-by-side (4 units at 7060 Princevalle Street also for sale) for easy management. Watch Your Investments Grow !!!

Last Agent to Sell the Property

Wing Liew

Wing Investments License #00869811 Listed on: 11/14/2013

Last Buyer's Agent

Russell Morris

Coldwell Banker Realty License #00468766

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1963

Lot Details

  • Level Lot

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 2,950 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views
  • Oven or Range

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • Carport
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Wall Furnace
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $71,376
  • The owner pays for electric, garbage, services - gardener/landscaping, gas, hot water, water

Community Details

Building Details

  • Gardener Expense $1,680
  • Insurance Expense $2,112
  • Maintenance Expense $3,000
  • Other Expense $800
  • Utility Expense $2,400
  • Trash Expense $1,973
  • Operating Expense $20,482
  • Gross Income $71,854

Additional Features

  • 2,950 Sq Ft Building
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

1963

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Inspections Reports: Fault Zone, Pest Control, Flood Zone
  • Sale Price Per Sq Ft: 269.49
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 2950
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Kitchen: Oven Range, Refrigerator
  • Living Sq Ft: 2950
  • Stories: 2
  • Laundry: Washer/Dryer - Leased, 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, Deck

Garage/Parking

  • Garage Parking Features: Spaces Per Unit - 1, Off-Street Parking, Carport

Utilities

  • Heating System: Radiant, Wall Furnace, Gas - Natural
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7107.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 7107.00
  • Lot Size Area Min Search: 7107.00
  • Maximum Lot Size: 7107.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 11.20

Multi Family

  • Expense Insurance: 2112
  • Expense Landscape: 1680
  • Expense Maintenance: 3000
  • Expenses Other: 800
  • Expenses Total: 20482
  • Expenses Utility: 2400
  • Expense Trash: 1973
  • Expense Water Sewer: 1737
  • Income Annual Gross: 71854.00
  • Income Annual Rental: 71376
  • Income Gross Scheduled: 74076
  • Income Includes: Laundry, Parking
  • Income Laundry: 1800
  • Income Other: 900
  • Maximum Building Height: 2
  • Meters: Separate Electric, Separate Gas, Master Electric, Master Gas, Master Water
  • Minimum Building Height: 2
  • Number Of Buildings: 1
  • Operating Expenses Include: Utilities - Electric, Services - Trash Removal, Services - Gardener, Utilities - Gas, Utilities - Hot Water, Utilities - Water, Insurance, Maintenance - Laundry, Maintenance - Repair, Fee - Property Tax, Services - Sewer, Vacancy Factor
  • Owner Pays: Electric, Garbage, Services - Gardener/Landscaping, Gas, Hot Water, Water
  • Tenant Expenses: Utilities - Gas, Utilities - Heating, Utilities - Electric
  • Vacancy Amount: 2222
  • 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
Sep 7, 2016
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
$585,000
Interest Rate
0.0343%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 8, 2015
Sold by
Bought by

Purchase Details

Listed on
Nov 14, 2013
Closed on
Oct 8, 2014
Sold by
Bought by
Seller's Agent
Wing Liew
Wing Investments
Buyer's Agent
Russell Morris
Coldwell Banker Realty
List Price
$829,950
Sold Price
$795,000
Premium/Discount to List
-$34,950
-4.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$596,250
Interest Rate
0.0408%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 12, 2012
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
$364,000
Interest Rate
0.0384%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 15, 2010
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
$513,090
Interest Rate
0.0462%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 25, 2009
Sold by
Bought by

Purchase Details

Closed on
May 29, 2007
Sold by
Bought by

Purchase Details

Closed on
Jul 6, 2006
Sold by
Bought by
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
$290,000 Chicago Title Company
-- None Available
$795,000 Old Republic Title Company
-- Fidelity National Title Co
$520,000 Old Republic Title Company
-- None Available
-- None Available
-- None Available
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
Open $585,000
Previous Owner $596,250
Previous Owner $364,000
Previous Owner $513,090
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
10/15/2014 10/15/14 Sold $795,000 -4.2% $269 / Sq Ft
08/28/2014 08/28/14 Pending -- -- --
11/14/2013 11/14/13 For Sale $829,950 -- $281 / 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 $13,159 $1,081,231 $646,571 $434,660
2024 $13,159 $1,060,032 $633,894 $426,138
2023 $13,083 $1,039,248 $621,465 $417,783
2022 $12,871 $1,018,872 $609,280 $409,592
2021 $12,816 $998,895 $597,334 $401,561
2020 $12,677 $988,654 $591,210 $397,444
2019 $12,559 $969,269 $579,618 $389,651
2018 $11,727 $950,264 $568,253 $382,011
2017 $11,976 $931,632 $557,111 $374,521
2016 $10,397 $807,123 $406,100 $401,023
2015 $9,811 $795,000 $400,000 $395,000
2014 $6,846 $543,463 $156,768 $386,695
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81424490

MLSListings

APN: 799-13-030

Your Personal Tour Guide

Ask me questions while you tour the home.