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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81427551

MLSListings

APN: 841-11-053