NOT LISTED FOR SALE

7221 Chestnut St Gilroy, CA 95020

4 Beds
-- Bath
1,534 Sq Ft
7,405 Sq Ft Lot

Last Sold October 14, 2014

Last sale price $385,000 $251 Per Sq Ft

46 Days on Market

Highlights

  • Tile Flooring
  • 1-Story Property
  • 4-minute walk to Forest Street Park

About This Home

As of October 2014

Excellent investment opportunity. Duplex with two 2 bedroom/1 bathroom units. Each has a separate 1-car garage with laundry hookups. Large backyard behind Unit B. Both units have a covered patio area. Newer roof in good condition. Great location close to freeway & shopping. DO NOT disturb tenants. Hurry - this one won't last!

Last Agent to Sell the Property

Gretchen Merrick

Intero Real Estate Services License #01317499 Listed on: 07/30/2014

Intero Real Estate Services

Last Buyer's Agent

Teri Nelson

Intero Real Estate Services License #00858151

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • 1980

Lot Details

  • 7,405

Parking

  • Private Parking

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1,534 Sq Ft Home
  • 1-Story Property
  • Oven or Range
  • Laundry in Garage

Flooring

  • Wall to Wall Carpet
  • Tile
  • Vinyl

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $21,600
  • The owner pays for water

Community Details

Overview

  • 1,534 Sq Ft Building

Building Details

  • Insurance Expense $2,142
  • Maintenance Expense $300
  • Operating Expense $6,244
  • Gross Income $21,600

Property Details

Home Type

Multi-Family

Year Built

1980

Lot Details

0

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Inspections Reports: Fault Zone, Pest Control, Property Inspection, Roof, Flood Zone
  • Sale Price Per Sq Ft: 250.98
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 1534
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1980

Interior Features

  • Kitchen: Varies By Unit, Oven Range
  • Living Sq Ft: 1534
  • Stories: 1
  • Laundry: In Garage
  • Flooring: Tile, Carpet - Wall To Wall, Vinyl / Linoleum, Carpet

Exterior Features

  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Private / Exclusive, Spaces Per Unit - 1

Utilities

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

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7500.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 7500.00
  • Lot Size Area Min Search: 7500.00
  • Maximum Lot Size: 7500.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 18.52

Multi Family

  • Expense Insurance: 2142
  • Expense Maintenance: 300
  • Expenses Total: 6244
  • Expense Water Sewer: 844
  • Income Annual Gross: 21600.00
  • Income Annual Rental: 21600
  • Income Gross Scheduled: 21600
  • Income Includes: Lease
  • Maximum Building Height: 1
  • Meters: Separate Electric, Separate Gas
  • Minimum Building Height: 1
  • Number Of Buildings: 1
  • Operating Expenses Include: Utilities - Water, Insurance, Maintenance - Repair, Fee - Property Tax, Services - Sewer
  • Owner Pays: Water
  • Tenant Expenses: Utilities - Gas, Utilities - Electric, Services - Trash Removal
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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
10/14/2014 10/14/14 Sold $385,000 -3.7% $251 / Sq Ft
09/14/2014 09/14/14 Pending -- -- --
07/30/2014 07/30/14 For Sale $399,990 -- $261 / 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 $6,893 $562,810 $356,941 $205,869
2024 $6,893 $551,776 $349,943 $201,833
2023 $6,853 $540,958 $343,082 $197,876
2022 $6,741 $530,352 $336,355 $193,997
2021 $6,711 $519,954 $329,760 $190,194
2020 $6,637 $514,623 $326,379 $188,244
2019 $6,576 $504,533 $319,980 $184,553
2018 $6,142 $494,641 $313,706 $180,935
2017 $6,271 $484,943 $307,555 $177,388
2016 $5,071 $390,871 $203,050 $187,821
2015 -- $228,183 $91,423 $136,760
2014 $2,987 $233,802 $93,674 $140,128
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81427551

MLSListings

APN: 841-11-053