NOT LISTED FOR SALE

7230 Dowdy St Gilroy, CA 95020

Gilroy Area
8 Beds
4 Baths
3,220 Sq Ft
8,407 Sq Ft Lot

Sale Details

Date Sold: April 7, 2016

Last sale price $1,075,000 $334 Per Sq Ft

5 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Coin Laundry
  • Washer and Dryer

About This Home

As of April 2016

Great Investment property for seasoned or first time investors. Rental Income generated on this property is extremely high. All units were remodeled within the last 5 years; kitchen, bathrooms, flooring, paint. The property also features two coin operated sets of washers and dryers in the laundry room. Property is very well landscaped, is in a great location ,centrally located near schools, shopping centers, freeways, as well as police station being down the street.

Last Agent to Sell the Property

Ivan Caballero

1st Class Realty Co License #01763994 Listed on: 03/15/2016

Co-Listed By

Ronny Mamarian

1st Class Realty Co License #01884263

Last Buyer's Agent

Jeffrey Crittenden

Christie's International Real Estate Sereno License #01372464

Christie's International Real Estate Sereno

Property Details

Home Type

  • Multi-Family

Year Built

  • 1968

Lot Details

  • 8,407 Sq Ft Lot

Home Design

  • Quadruplex
  • Shingle Roof

Interior Spaces

  • 3,220 Sq Ft Home
  • 2-Story Property
  • Crawl Space
  • Washer and Dryer

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces

Utilities

  • Forced Air Heating and Cooling System
  • Septic Tank
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $85,200

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Insurance Expense $1,596
  • Other Expense $3,246
  • Utility Expense $2,184
  • Trash Expense $750
  • Operating Expense $14,136
  • Gross Income $87,900

Property Details

Home Type

Multi-Family

Year Built

1968

Lot Details

8,407 Sq Ft Lot

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3220
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1968

Interior Features

  • Living Sq Ft: 3220
  • Stories: 2
  • Laundry: Coin Operated, Washer / Dryer

Exterior Features

  • Foundation: Crawl Space
  • Roof: Shingle

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Carport
  • Carport Min: 4

Utilities

  • Cooling System: Central Ac
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Septic Connected, Sewer - Public, Sewer In Street

Lot Info

  • Lot Acres: 0.1930
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8398.37
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8398.37

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 11.38
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1596
  • Expenses Other: 3246
  • Expenses Total: 14136
  • Expenses Utility: 2184
  • Expense Trash: 750
  • Income Annual Gross: 87900.00
  • Income Annual Rental: 85200
  • Income Gross Scheduled: 87900
  • Income Includes: Coin Operated Equip, Laundry
  • Income Other: 2700
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Loan - Principle & Interest, Utilities - Electric, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

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

Listed on
Mar 15, 2016
Closed on
Mar 25, 2016
Sold by
Bought by
Seller's Agent
Ivan Caballero
1st Class Realty Co
Buyer's Agent
Jeffrey Crittenden
Christie's International Real Estate Sereno
List Price
$999,999
Sold Price
$1,075,000
Premium/Discount to List
$75,001
7.5%

Purchase Details

Closed on
Mar 3, 2009
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
$471,306
Interest Rate
4.82%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 20, 2008
Sold by
Bought by

Purchase Details

Closed on
May 16, 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
$619,500
Interest Rate
7.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 5, 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
$619,500
Interest Rate
7.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 16, 2004
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
$600,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 9, 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
$472,500
Interest Rate
6.06%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Mar 26, 1998
Sold by
Bought by

Purchase Details

Closed on
Feb 12, 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
$1,070,000 Chicago Title Company
$480,000 First American Title Company
$607,750 Chicago Title Insurance Co
$885,000 Old Republic Title Company
-- Old Republic Title Company
$750,000 Stewart Title Of California
$675,000 Fidelity National Title Ins
-- Fidelity National Title Ins
$348,000 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 $57,000
Previous Owner $456,615
Previous Owner $471,306
Previous Owner $619,500
Previous Owner $177,000
Previous Owner $600,000
Previous Owner $472,500
Previous Owner $100,000
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
04/07/2016 04/07/16 Sold $1,075,000 +7.5% $334 / Sq Ft
03/21/2016 03/21/16 Pending -- -- --
03/15/2016 03/15/16 For Sale $999,999 -- $311 / 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
2026 $15,627 $1,291,987 $567,508 $724,479
2025 $15,383 $1,266,655 $556,381 $710,274
2024 $15,383 $1,241,820 $545,472 $696,348
2023 $15,295 $1,217,472 $534,777 $682,695
2022 $15,047 $1,193,601 $524,292 $669,309
2021 $14,983 $1,170,198 $514,012 $656,186
2020 $14,820 $1,158,200 $508,742 $649,458
2019 $14,683 $1,135,491 $498,767 $636,724
2018 $14,184 $1,113,228 $488,988 $624,240
2017 $14,001 $1,091,400 $479,400 $612,000
2016 $6,782 $522,149 $163,170 $358,979
2015 $6,402 $514,307 $160,720 $353,587
2014 $6,363 $504,233 $157,572 $346,661
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81565377

MLSListings

APN: 799-15-018

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