NOT LISTED FOR SALE

7435 Wells Ave Newark, CA 94560

Estimated Value: $947,000 - $1,391,000

4 Beds
2 Baths
1,634 Sq Ft
$745/Sq Ft Est. Value

Last Sold May 22, 2020

Last sale price $985,000 $603 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $7,508/month

30 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • 3-minute walk to Jerry Raber Ash Street Park
  • Cooling Available
  • Gravity Heating System

About This Home

As of May 2020

NO OPEN HOUSE, DO NOT DISTURB TENANTS! Rare investment opportunity!!! Location, Location, Location!! Eight miles from Facebook Headquarters, two miles from Amazon Distribution Center, Seven miles from Tesla Factory, Easy freeway access to 880, 101 and Dumbarton Bridge. Near shopping and entertainment!!! Video Link: Renovations done in 2013: 40 year Roof, gutters, garage doors, dual pane windows, exterior stucco, central heating/ac, all electrical in unit A, copper plumbing, kitchen, stainless steal appliances, granite counter tops, recessed lighting, bathrooms, artificial grass front and back yard, fence and much more.

Last Agent to Sell the Property

Jesus Perez

eXp Realty of California License #01440817 Listed on: 03/20/2020

eXp Realty of California

Last Buyer's Agent

Major Gill

Excel Realty License #01506201

Excel Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,476

Year Built

  • Built in 1973

Lot Details

  • 6,250

Home Design

  • Duplex
  • Composition Shingle Roof
  • Stucco

Flooring

  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Gravity Heating System

Additional Features

  • Disposal
  • 6,250 Sq Ft Lot

Community Details

  • No Home Owners Association
  • Central Subdivision

Listing and Financial Details

  • Assessor Parcel Number 9213163

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,476

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Year Built: 1973
  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Subdivision Name: Central
  • Directions: Sycamore to Carter to Wells Ave.
  • Garage Yn: No
  • Special Features: VirtualTour

Interior Features

  • Flooring: Laminate, Tile, Vinyl
  • Appliances: Disposal
  • Total Bedrooms: 4
  • Fireplace: No

Exterior Features

  • Roof: Composition Shingles
  • Lot Features: Level
  • Construction Type: Stucco

Utilities

  • Heating: Gravity, Natural Gas, Wall Furnace
  • Laundry Features: Other
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Newark (510) 794-2141

Lot Info

  • Lot Size Sq Ft: 6250
  • Parcel Number: 9213163

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2020
Closed on
Jul 1, 2020
Sold by
Gill Gursewak S and Gill Gurmail S
Bought by
G & G Enterprise Llc
Seller's Agent
Jesus Perez
eXp Realty of California
Buyer's Agent
Major Gill
Excel Realty
List Price
$1,149,000
Sold Price
$985,000
Premium/Discount to List
-$164,000
-14.27%
Current Estimated Value
$1,217,402

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$232,402
Avg. Annual Appreciation
3.97%
Original Mortgage
$738,750
Outstanding Balance
$654,635
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$562,767

Purchase Details

Listed on
Mar 20, 2020
Closed on
May 20, 2020
Sold by
Gill Harkiran K
Bought by
Gill Gursewak S
Seller's Agent
Jesus Perez
eXp Realty of California
Buyer's Agent
Major Gill
Excel Realty
List Price
$1,149,000
Sold Price
$985,000
Premium/Discount to List
-$164,000
-14.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$738,750
Outstanding Balance
$654,635
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$562,767

Purchase Details

Listed on
Mar 20, 2020
Closed on
May 6, 2020
Sold by
Gutierrez Yolanda Edith
Bought by
Gill Gursewak S and Gill Gummil S
Seller's Agent
Jesus Perez
eXp Realty of California
Buyer's Agent
Major Gill
Excel Realty
List Price
$1,149,000
Sold Price
$985,000
Premium/Discount to List
-$164,000
-14.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$738,750
Outstanding Balance
$654,635
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$562,767

Purchase Details

Closed on
Oct 10, 2003
Sold by
Gonzalez Jose Rosario and Gonzalez Maria Elena
Bought by
Gutierrez Yolanda Edith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 20, 2002
Sold by
Gonzalez Jose Rosario and Gonzalez Maria Elena
Bought by
Gonzalez Jose Rosario and Gonzalez Maria Elena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Interest Rate
6.12%

Purchase Details

Closed on
Feb 24, 1998
Sold by
Maciel Carl A and Maciel Aida M
Bought by
Gonzalez Jose Rosario and Gonzalez Maria Elena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,847
Interest Rate
6.99%
Mortgage Type
FHA
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
G & G Enterprise Llc -- None Available
Gill Gursewak S -- Chicago Title Company
Gill Gurmail S -- Chicago Title Company
Gill Gursewak S $985,000 Chicago Title Company
Gutierrez Yolanda Edith $405,000 Commonwealth Land Title Co
Gonzalez Jose Rosario $162,000 --
Gonzalez Jose Rosario $190,000 First American Title Guarant
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gill Gursewak S $738,750
Previous Owner Gutierrez Yolanda Edith $335,000
Previous Owner Gonzalez Jose Rosario $324,000
Previous Owner Gonzalez Jose Rosario $174,847
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/16/2025 06/16/25 Off Market $985,000 -- --
02/04/2025 02/04/25 Off Market $985,000 -- --
05/22/2020 05/22/20 Sold $985,000 -1.3% $603 / Sq Ft
04/19/2020 04/19/20 Pending -- -- --
04/16/2020 04/16/20 Price Changed $998,000 -4.8% $611 / Sq Ft
03/27/2020 03/27/20 Price Changed $1,048,000 -8.8% $641 / Sq Ft
03/20/2020 03/20/20 For Sale $1,149,000 -- $703 / Sq Ft
Source: Bay East Association of REALTORS®

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 $13,476 $1,077,224 $503,069 $574,155
2024 $13,476 $1,056,106 $493,207 $562,899
2023 $13,106 $1,035,402 $483,538 $551,864
2022 $12,934 $1,015,101 $474,057 $541,044
2021 $12,624 $995,204 $464,765 $530,439
2020 $6,987 $526,500 $157,950 $368,550
2019 $6,892 $516,175 $154,852 $361,323
2018 $6,782 $506,054 $151,816 $354,238
2017 $6,607 $496,132 $148,839 $347,293
2016 $6,529 $486,404 $145,921 $340,483
2015 $6,503 $479,098 $143,729 $335,369
2014 $6,332 $469,714 $140,914 $328,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay East Association of REALTORS®

MLS Number: 40899809

Bay East Association of REALTORS®

APN: 092-0131-006-03