NOT LISTED FOR SALE

7567 Forest St Gilroy, CA 95020

Estimated Value: $521,000 - $813,000

2 Beds
2 Baths
936 Sq Ft
$699/Sq Ft Est. Value

Last Sold October 19, 2016

Last sale price $440,000 $470 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $3,940/month

21 Days on Market

Highlights

  • Enclosed Parking
  • Tile Countertops
  • 1-Story Property
  • 1 Car Detached Garage
  • Carpet
  • 5-minute walk to San Ysidro Park

About This Home

As of October 2016

This 2 bedroom, 1 bath has been nicely updated with new windows, flooring, paint inside and out. New kitchen counter and new bathroom fixtures. The back unit also has fresh paint, new flooring, new kitchen counter and sink, Both have large yards with a fence to separate the units. Back unit has alley access with a drive through gate and plenty of space for parking. Great income potential.

Last Agent to Sell the Property

Judy Gorshe

Intero Real Estate Services License #02000382 Listed on: 08/18/2016

Intero Real Estate Services

Co-Listed By

Richard Freedman

Intero Real Estate Services License #00846705

Last Buyer's Agent

Louise Berg

Gentry Real Estate License #01266114

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,178

Year Built

  • 1939

Lot Details

  • 5,968

Parking

  • 1 Car Detached Garage
  • Enclosed Parking
  • Uncovered Parking
  • Off-Street Parking

Home Design

  • Flat Roof Shape
  • Raised Foundation
  • Concrete Perimeter Foundation

Interior Spaces

  • 936 Sq Ft Home
  • 1-Story Property
  • Tile Countertops
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Vinyl

Additional Features

  • 5,968 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $34,800

Community Details

Overview

  • 936 Sq Ft Building

Building Details

  • Insurance Expense $600
  • Utility Expense $2,400
  • Operating Expense $8,000
  • Gross Income $34,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,178

Year Built

1939

Lot Details

0

Parking

1

Listing Details

  • Zoning: R3
  • Subclass: Multiple Dwellings / Structures
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 936
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1939

Interior Features

  • Kitchen: Countertop - Tile
  • Living Sq Ft: 936
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter, Raised
  • Roof: Flat / Low Pitch

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 3
  • Garage Parking Features: Detached Garage, Enclosed, Off-Street Parking, Uncovered Parking

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1370
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5963.36
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5963.36

Rental Info

  • Existing Lease Term(s): Building Vacant
  • Gross Rent Multiplier: 12.21

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 600
  • Expenses Total: 8000
  • Expenses Utility: 2400
  • Income Annual Gross: 34800.00
  • Income Annual Rental: 34800
  • Income Gross Scheduled: 34800
  • Income Includes: Rents
  • Meters: Master Electric, Master Gas, Master Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Utilities, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Tenant Expenses: Services - Trash Removal

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2016
Closed on
Oct 7, 2016
Sold by
Gonzalez Guadalupe J
Bought by
Henderson Kris
Seller's Agent
Judy Gorshe
Intero Real Estate Services
Buyer's Agent
Louise Berg
Gentry Real Estate
List Price
$425,000
Sold Price
$440,000
Premium/Discount to List
$15,000
3.53%
Current Estimated Value
$654,300

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$214,300
Avg. Annual Appreciation
4.49%
Original Mortgage
$417,000
Outstanding Balance
$334,304
Interest Rate
3.46%
Mortgage Type
New Conventional
Estimated Equity
$319,996

Purchase Details

Closed on
Nov 30, 2004
Sold by
Vandervoort Lynn and Goss Chrystel M
Bought by
Gonzalez Guadalupe J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
6.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 15, 2004
Sold by
Elias Angelica
Bought by
Gonzalez Guadalupe J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
6.35%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Henderson Kris $440,000 Old Republic Title Company
Gonzalez Guadalupe J $340,000 Chicago Title
Gonzalez Guadalupe J -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Henderson Kris $417,000
Previous Owner Gonzalez Guadalupe J $272,000
Closed Gonzalez Guadalupe J $68,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2016 10/19/16 Sold $440,000 +3.5% $470 / Sq Ft
09/09/2016 09/09/16 Pending -- -- --
08/18/2016 08/18/16 For Sale $425,000 -- $454 / 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 $6,178 $510,651 $394,595 $116,056
2024 $6,178 $500,639 $386,858 $113,781
2023 $6,140 $490,823 $379,273 $111,550
2022 $6,038 $481,200 $371,837 $109,363
2021 $6,009 $471,766 $364,547 $107,219
2020 $5,942 $466,930 $360,810 $106,120
2019 $5,886 $457,776 $353,736 $104,040
2018 $5,496 $448,800 $346,800 $102,000
2017 $5,609 $440,000 $340,000 $100,000
2016 $6,022 $466,200 $276,900 $189,300
2015 $5,073 $409,000 $243,500 $165,500
2014 $4,500 $357,000 $212,500 $144,500
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Judy Gorshe

    Intero Real Estate Services

    Section Image

  • R

    Seller Co-Listing Agent in 2016

    Richard Freedman

    Intero Real Estate Services

    Section Image

  • L

    Buyer's Agent in 2016

    Louise Berg

    Gentry Real Estate

    Section Image
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Map

Source: MLSListings

MLS Number: ML81600577

MLSListings

APN: 841-05-079

California Santa Clara County Gilroy 95020

7567 Forest St, Gilroy, CA

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