NOT LISTED FOR SALE

7660 Carmel St Gilroy, CA 95020

Gilroy Area

Estimated Value: $967,594

4 Beds
3 Baths
2,100 Sq Ft
$461/Sq Ft Est. Value

Sale Details

Date Sold: October 18, 2022

Last sale price $900,000 $429 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $6,300 / mo

38 Days on Market

Highlights

  • Granite Countertops
  • Laundry Room
  • Washer and Dryer
  • 2 Car Detached Garage
  • Forced Air Heating System
  • Carpet

About This Home

As of October 2022

2 homes on one lot!!!. Front house is a 3 bedroom, 1.5 bath, 1400 square ft, with a laundry room, large basement, long driveway, detached garage and a covered car port. Rear unit has a private entrance from different alley, built in 1999 approx 700 sq ft, 1 bedroom 1 bath with attached garage including washer/ dryer hook ups. (Please see the attached map of the property to see the path from the back yard to the unit) Pictures before the Map are for the Main unit, After the Map -for the smaller Unit. Each unit has a private yard. This property sits on a beautiful tree lined street walking distance to downtown.This is one of the most desirable areas in Gilroy. Both units were recently remodeled. The larger unit remodeling just finished and the unit is vacant. So all rent number is estimated.

Last Agent to Sell the Property

Vladimir Rubashevsky

5 Stars Realty License #01068954 Listed on: 07/30/2022

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Property Details

Home Type

  • Multi-Family

Year Built

  • 1934

Lot Details

  • 7,000 Sq Ft Lot

Parking

  • 2 Car Detached Garage
  • 2 Carport Spaces

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,100 Sq Ft Home
  • 1-Story Property

Kitchen

  • Gas Oven
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Laminate

Laundry

  • Laundry Room
  • Washer and Dryer

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • 220 Volts

Listing and Financial Details

  • Total Actual Rent $61,200

Community Details

Overview

  • 2,100 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Insurance Expense $1,200
  • Maintenance Expense $443
  • Utility Expense $1,106
  • Trash Expense $200
  • Operating Expense $12,997
  • Gross Income $59,364

Property Details

Home Type

Multi-Family

Year Built

1934

Lot Details

7,000 Sq Ft Lot

Parking

2

Listing Details

  • Zoning: R1
  • Subclass: Multiple Dwellings / Structures
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2100
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1934

Interior Features

  • Kitchen: 220 Volt Outlet, Countertop - Granite, Dishwasher, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 2100
  • Stories: 1
  • Laundry: Washer/Dryer - Some Units
  • Flooring: Carpet, Laminate
  • Additional Rooms: Laundry Room

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 6
  • Garage Parking Features: Carport, Detached Garage
  • Carport Min: 2

Utilities

  • Heating System: Central Forced Air - Gas, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1607
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7000.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written, Month To Month
  • Gross Rent Multiplier: 14.70
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1200
  • Expense Maintenance: 443
  • Expenses Total: 12997
  • Expenses Utility: 1106
  • Expense Trash: 200
  • Income Annual Gross: 59364.00
  • Income Annual Rental: 61200
  • Income Gross Scheduled: 61200
  • Income Includes: Rents
  • Meters: Master Electric, Master Gas, Master Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 3

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
Jul 30, 2022
Closed on
Aug 31, 2022
Sold by
Bought by
Seller's Agent
Vladimir Rubashevsky
5 Stars Realty
Buyer's Agent
RECIP
Out of Area Office
List Price
$850,000
Sold Price
$900,000
Premium/Discount to List
$50,000
5.88%
Views
7
Current Estimated Value
$967,594

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,594
Avg. Annual Appreciation
1.93%
Original Mortgage
$450,000
Interest Rate
5.66%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 30, 2018
Closed on
May 27, 2018
Sold by
Bought by
Seller's Agent
Judy Gorshe
Coldwell Banker Realty
Buyer's Agent
Vladimir Rubashevsky
5 Stars Realty
List Price
$799,000
Sold Price
$750,000
Premium/Discount to List
-$49,000
-6.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.25%

Purchase Details

Closed on
Mar 21, 2000
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
$30,000
Interest Rate
8.34%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 5, 1998
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
$161,900
Interest Rate
7.05%

Purchase Details

Closed on
Jul 26, 1996
Sold by
Bought by

Purchase Details

Closed on
Sep 19, 1994
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
$900,000 Old Republic Title
-- Old Republic Title Co
-- Landsafe Title
$180,000 Chicago Title Co
-- Chicago Title
-- --
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
Closed $450,000
Previous Owner $150,000
Previous Owner $403,000
Previous Owner $150,000
Previous Owner $230,000
Previous Owner $30,000
Previous Owner $161,900
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 Prior Sale
10/18/2022 10/18/22 Sold $900,000 0.0% $429 / Sq Ft
09/07/2022 09/07/22 Pending -- -- --
08/24/2022 08/24/22 Price Changed $899,888 +5.9% $429 / Sq Ft
08/24/2022 08/24/22 For Sale $850,000 0.0% $405 / Sq Ft
08/06/2022 08/06/22 Pending -- -- --
07/30/2022 07/30/22 Price Changed $850,000 -15.0% $405 / Sq Ft
07/30/2022 07/30/22 For Sale $999,999 +33.3% $476 / Sq Ft
06/01/2018 06/01/18 Sold $750,000 0.0% $535 / Sq Ft View Prior Sale
05/18/2018 05/18/18 Pending -- -- --
05/09/2018 05/09/18 Price Changed $750,000 -3.2% $535 / Sq Ft
05/01/2018 05/01/18 Price Changed $775,000 -3.0% $553 / Sq Ft
04/30/2018 04/30/18 For Sale $799,000 -- $570 / 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 $11,839 $835,000 $323,400 $511,600
2025 $11,839 $966,960 $374,544 $592,416
2024 $11,737 $948,000 $367,200 $580,800
2023 $11,305 $900,000 $360,000 $540,000
2022 $10,146 $804,150 $348,465 $455,685
2021 $10,103 $788,383 $341,633 $446,750
2020 $9,992 $780,300 $338,130 $442,170
2019 $9,900 $765,000 $331,500 $433,500
2018 $3,517 $279,061 $98,223 $180,838
2017 $3,589 $273,591 $96,298 $177,293
2016 $3,511 $268,227 $94,410 $173,817
2015 $3,315 $264,199 $92,992 $171,207
2014 $3,294 $259,025 $91,171 $167,854
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81902214

MLSListings

APN: 799-05-061

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