NOT LISTED FOR SALE

720 Las Animas Ave Gilroy, CA 95020

Estimated Value: $2,454,271

6 Beds
9 Baths
17,010 Sq Ft
$144/Sq Ft Est. Value

Last Sold December 08, 2017

Last sale price $1,700,000 $100 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $14,962/month

30 Days on Market

Highlights

  • 2.09 Acre Lot
  • Guest Parking
  • 1-Story Property
  • Christopher High School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of December 2017

Incredible multi-use property situated on over 2 acres in Gilroy between St Louise Hospital and the Home Depot running alongside Highway 101! So many possibilities and income streams with rentals, commercial, storage, office and meeting rooms! Currently 10+ different income streams! Great for keeping it as a rental machine or change to a wide variety of different uses allowed by the City of Gilroy! Don't miss out on this opportunity!

Last Agent to Sell the Property

Mike D'Ambrosio

Intero Real Estate Services License #01841982 Listed on: 07/18/2017

Intero Real Estate Services

Co-Listed By

Kristy Kessler

Intero Real Estate Services License #01898587

Last Buyer's Agent

Lisa Stringfellow

Intero Real Estate Services License #01895863

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,625

Year Built

  • 1947

Lot Details

  • 2.09 Acre Lot

Parking

  • 5 Car Garage
  • Guest Parking
  • Uncovered Parking

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 17,010 Sq Ft Home
  • 1-Story Property

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted To A Wall/Window
  • Propane
  • Well
  • Septic Tank

Listing and Financial Details

  • Total Actual Rent $175,500
  • 3 Year Lease Term

Community Details

Overview

  • 17,010 Sq Ft Building

Building Details

  • 8 Leased Units
  • Insurance Expense $5,000
  • Utility Expense $600
  • Trash Expense $3,180
  • Operating Expense $33,780
  • Gross Income $170,235

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,625

Year Built

1947

Lot Details

0

Parking

5

Listing Details

  • Zoning: MI
  • Subclass: Multiple Dwellings / Structures
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 17010
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1947

Interior Features

  • Living Sq Ft: 17010
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 5
  • Parking Spaces: 10
  • Garage Parking Features: Common Parking Area, Guest / Visitor Parking, Uncovered Parking

Utilities

  • Cooling System: Central Ac, Window / Wall Unit
  • Heating System: Central Forced Air
  • Sewer/Septic System: Existing Septic

Lot Info

  • Lot Acres: 2.0900
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 91040.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 91040.00

Rental Info

  • Existing Lease Term(s): 3 Years Lease, Building Vacant, Less Than 1 Yr, Month To Month, Res/Comm Rental
  • Gross Rent Multiplier: 11.39
  • Number Of Leased: 8

Multi Family

  • Utilities: Propane On Site
  • Expense Insurance: 5000
  • Expenses Total: 33780
  • Expenses Utility: 600
  • Expense Trash: 3180
  • Income Annual Gross: 170235.00
  • Income Annual Rental: 175500
  • Income Gross Scheduled: 175500
  • Income Includes: Rents
  • Meters: Master Gas, Separate Electric
  • Number Of Buildings: 4
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 17, 2018
Sold by
Bracco Anthony Dion
Bought by
Bracco Anthony Dion
Current Estimated Value
$2,454,271

Purchase Details

Listed on
Jul 18, 2017
Closed on
Nov 3, 2017
Sold by
Brundage Terri Renee
Bought by
Bracco Anthony Dion
Seller's Agent
Mike D'Ambrosio
Intero Real Estate Services
Buyer's Agent
Lisa Stringfellow
Intero Real Estate Services
List Price
$1,998,950
Sold Price
$1,700,000
Premium/Discount to List
-$298,950
-14.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.74%
Original Mortgage
$850,000
Outstanding Balance
$713,947
Interest Rate
3.94%
Mortgage Type
Negative Amortization
Estimated Equity
$1,740,324

Purchase Details

Closed on
Apr 29, 2010
Sold by
Brundage Terri Renee
Bought by
Brundage Terri Renee

Purchase Details

Closed on
Nov 18, 2008
Sold by
Brundage Kip M
Bought by
Brundage Kip M

Purchase Details

Closed on
May 20, 2002
Sold by
Matsumoto Frank M and Matsumoto Shizuko
Bought by
Matsumoto Frank M and Matsumoto Shizuko

Purchase Details

Closed on
Apr 8, 2002
Sold by
Matsumoto John and Matsumoto Edith
Bought by
Matsumoto John T and Matsumoto Edith M

Purchase Details

Closed on
Jul 20, 2000
Sold by
Brundage Kip M and Farmer Paul L
Bought by
Matsumoto Frank M and Matsumoto Shizuko

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
8.2%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bracco Anthony Dion -- None Available
Bracco Anthony Dion $1,700,000 Old Republic Title Company
Brundage Terri Renee -- None Available
Brundage Kip M -- None Available
Matsumoto Frank M -- --
Matsumoto John T -- --
Matsumoto Frank M $1,250,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bracco Anthony Dion $850,000
Previous Owner Matsumoto Frank M $350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/08/2017 12/08/17 Sold $1,700,000 -15.0% $100 / Sq Ft
08/18/2017 08/18/17 Pending -- -- --
07/18/2017 07/18/17 For Sale $1,998,950 -- $118 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

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 $24,625 $1,934,305 $625,804 $1,308,501
2024 $24,625 $1,896,379 $613,534 $1,282,845
2023 $24,461 $1,859,196 $601,504 $1,257,692
2022 $24,023 $1,822,742 $589,710 $1,233,032
2021 $23,872 $1,787,003 $578,148 $1,208,855
2020 $23,601 $1,768,680 $572,220 $1,196,460
2019 $23,390 $1,734,000 $561,000 $1,173,000
2018 $21,867 $830,943 $646,431 $184,512
2017 $8,787 $601,800 $423,300 $178,500
2016 $8,600 $558,387 $406,100 $152,287
2015 $7,765 $560,989 $407,992 $152,997
2014 $7,828 $550,000 $400,000 $150,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2017

    Mike D'Ambrosio

    Intero Real Estate Services

    Section Image
  • Kristy Kessler

    Seller Co-Listing Agent in 2017

    Kristy Kessler

    Intero Real Estate Services

    (408) 839-9518

    65 Total Sales

    Kristy Kessler
    Section Image

  • L

    Buyer's Agent in 2017

    Lisa Stringfellow

    Intero Real Estate Services

    Section Image

  • R

    Buyer Co-Listing Agent in 2017

    RECIP

    Out of Area Office

  • M

    Buyer Co-Listing Agent in 2017

    Maryville Poe

    Real Estate Masters

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Map

Source: MLSListings

MLS Number: ML81670457

MLSListings

APN: 835-04-081

California Santa Clara County Gilroy 95020

720 Las Animas Ave, Gilroy, CA

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