NOT LISTED FOR SALE

7281 Dowdy St Gilroy, CA 95020

Estimated Value: $854,000 - $1,267,000

6 Beds
4 Baths
2,850 Sq Ft
$351/Sq Ft Est. Value

Last Sold April 26, 2016

Last sale price $810,000 $284 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $6,198/month

7 Days on Market

About This Home

As of April 2016

Two homes in one lot. Both houses have 3 bedrooms and 2 baths Front unit has an additional den with a fireplace and one car garage. Separate entrances: Back unit has access from wide alley in the back and a 2 car garage. Front unit is vacant. Property was remodeled in 2005. Back unit is currently rented for 2880 per month. This property is suitable for owner occupant or for extended family.

Last Agent to Sell the Property

Ivonne Valdes

Coldwell Banker Realty License #01502965 Listed on: 03/17/2016

Coldwell Banker Realty

Last Buyer's Agent

Ivonne Valdes

Coldwell Banker Realty License #01502965 Listed on: 03/17/2016

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1959

Lot Details

  • 7,275 Sq Ft Lot

Parking

  • 3 Car Garage
  • Varies By Unit

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,850 Sq Ft Home
  • 1-Story Property

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $63,360

Community Details

Overview

  • 2,850 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Insurance Expense $800
  • Maintenance Expense $1,500
  • Other Expense $300
  • Trash Expense $960
  • Operating Expense $8,074
  • Gross Income $60,192

Property Details

Home Type

Multi-Family

Year Built

1959

Lot Details

0

Parking

3

Listing Details

  • Zoning: R3
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2850
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1959

Interior Features

  • Living Sq Ft: 2850
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 2
  • Garage Parking Features: Varies By Unit

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Acres: 0.1670
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7278.88
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7278.88

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 12.61
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 800
  • Expense Maintenance: 1500
  • Expenses Other: 300
  • Expenses Total: 8074
  • Expense Trash: 960
  • Income Annual Gross: 60192.00
  • Income Annual Rental: 63360
  • Income Gross Scheduled: 63360
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Insurance, Services - Trash Removal
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 11, 2021
Sold by
Odayammatath Biju and Shankar Seena
Bought by
Odayammatath Biju and Shankar Seena
Current Estimated Value
$999,692

Purchase Details

Closed on
Oct 25, 2019
Sold by
Odayammatath Biju and Shankar Seena
Bought by
Odayammatath Biju and Shankar Seena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$572,400
Outstanding Balance
$504,563
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$495,129

Purchase Details

Closed on
Aug 22, 2017
Sold by
Odayammatath Biju and Shankar Seena
Bought by
Odayammatath Biju and Shankar Seena

Purchase Details

Listed on
Mar 17, 2016
Closed on
Apr 22, 2016
Sold by
Cruz Victor Manuel
Bought by
Odayammatath Biju and Shankar Seena
Seller's Agent
Ivonne Valdes
Coldwell Banker Realty
Buyer's Agent
Ivonne Valdes
Coldwell Banker Realty
List Price
$799,000
Sold Price
$810,000
Premium/Discount to List
$11,000
1.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.19%
Original Mortgage
$607,500
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 20, 2011
Sold by
Cruz Marina Monee
Bought by
Cruz Victoir Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$446,368
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 17, 2009
Sold by
Gmac Mortgage Llc
Bought by
Cruz Victor Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$457,559
Interest Rate
4.99%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 10, 2008
Sold by
Guevara Carlos
Bought by
Gmac Mortgage Llc

Purchase Details

Closed on
Jun 2, 2006
Sold by
Epperson Roger Lloyd and Epperson Elizabeth Ann
Bought by
Guevara Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$704,000
Interest Rate
1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 4, 2000
Sold by
Epperson Elizabeth A and Epperson Roger L
Bought by
Epperson Roger Lloyd and Epperson Elizabeth Ann
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Odayammatath Biju -- Chicago Title Company
Odayammatath Biju -- Chicago Title Company
Odayammatath Biju -- Chicago Title Company
Odayammatath Biju -- Chicago Title Company
Odayammatath Biju -- None Available
Odayammatath Biju $810,000 Old Republic Title Company
Cruz Victoir Manuel -- Orange Coast Title
Cruz Victor Manuel $466,000 First American Title Company
Gmac Mortgage Llc $675,000 First American Title Ins Co
Guevara Carlos $880,000 Alliance Title Company
Epperson Roger Lloyd -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Odayammatath Biju $572,400
Closed Odayammatath Biju $607,500
Previous Owner Cruz Victoir Manuel $446,368
Previous Owner Cruz Victor Manuel $457,559
Previous Owner Guevara Carlos $704,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/26/2016 04/26/16 Sold $810,000 +1.4% $284 / Sq Ft
03/25/2016 03/25/16 Pending -- -- --
03/17/2016 03/17/16 For Sale $799,000 -- $280 / 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 $11,640 $958,869 $651,086 $307,783
2024 $11,640 $940,069 $638,320 $301,749
2023 $11,573 $921,637 $625,804 $295,833
2022 $11,384 $903,567 $613,534 $290,033
2021 $11,336 $885,851 $601,504 $284,347
2020 $11,212 $876,769 $595,337 $281,432
2019 $11,108 $859,578 $583,664 $275,914
2018 $10,369 $842,724 $572,220 $270,504
2017 $10,591 $826,200 $561,000 $265,200
2016 $6,539 $506,919 $174,048 $332,871
2015 $5,778 $467,000 $160,300 $306,700
2014 $5,534 $441,000 $151,400 $289,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81565843

MLSListings

APN: 799-16-028