NOT LISTED FOR SALE
4 Beds
2 Baths
1,500 Sq Ft
1968 Built

Last Sold July 20, 2018

Last sale price $1,850,000 $1,233 Per Sq Ft

122 Days on Market

Highlights

  • 1-Story Property
  • Ann Sobrato High School Rated A
  • 4-minute walk to Coyote Creek Parkway

About This Home

As of July 2018

Terrific opportunity for long term development while earning great monthly income. There may or may not be future development in coyote valley - 3 contiguous parcels are being sold together. 725-14-019, 725-14-021 & 725-14-005) Address reflects one parcel. Other two parcels do not have addresses. Property backs to Coyote Creek. Property includes what is used by the Grange Hall as parking lot. Property includes one duplex currently rented, 5 modular homes occupied by family and not generating income at this time. Income and expense figures are aggregate for all 3 properties.

Last Agent to Sell the Property

David Martz

Coldwell Banker Realty License #01227292 Listed on: 01/11/2018

Coldwell Banker Realty

Last Buyer's Agent

David Martz

Coldwell Banker Realty License #01227292 Listed on: 01/11/2018

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1968

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,500 Sq Ft Home
  • 1-Story Property

Horse Facilities and Amenities

  • Horses Potentially Allowed on Property

Utilities

  • Propane
  • Septic Tank

Listing and Financial Details

  • Total Actual Rent $150,000

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $2,400
  • Utility Expense $14,000
  • Trash Expense $3,600
  • Operating Expense $44,000
  • Gross Income $150,000

Property Details

Home Type

Multi-Family

Year Built

1968

Lot Details

0

Listing Details

  • Zoning: A-20A
  • Subclass: Duplex
  • Age: 50
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1500
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1968

Interior Features

  • Living Sq Ft: 1500
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Horse Property: Possible

Garage/Parking

  • Parking Spaces: 4

Utilities

  • Heating System: Electric
  • Sewer/Septic System: Septic Connected

Schools

  • School District: Morgan Hill Unified

Lot Info

  • Lot Acres: 0.0001
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4.60
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4.60

Rental Info

  • Existing Lease Term(s): Lease Agreement - Oral, Month To Month
  • Gross Rent Multiplier: 13.33
  • Number Of Leased: 2

Multi Family

  • Utilities: Propane On Site, Public Utilities
  • Expense Insurance: 2400
  • Expenses Total: 44000
  • Expenses Utility: 14000
  • Expense Trash: 3600
  • Income Annual Gross: 150000.00
  • Income Annual Rental: 150000
  • Income Gross Scheduled: 150000
  • Income Includes: Land, Rents, Rv/Storage
  • Meters: Master Electric, Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Accounting/Legal, Fee - Property Tax, Insurance, Maintenance, Maintenance - Capital Improvements, Maintenance - Repair, Services - Sewer, Services - Trash Removal, Utilities, Vacancy Factor

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

Property History

Date Event Price Change Sq Ft Price
07/20/2018 07/20/18 Sold $1,850,000 -7.5% $1,233 / Sq Ft
05/14/2018 05/14/18 Pending -- -- --
03/27/2018 03/27/18 For Sale $1,999,950 0.0% $1,333 / Sq Ft
03/23/2018 03/23/18 Pending -- -- --
03/16/2018 03/16/18 For Sale $1,999,950 0.0% $1,333 / Sq Ft
01/25/2018 01/25/18 Pending -- -- --
01/11/2018 01/11/18 For Sale $1,999,950 -- $1,333 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81688712

MLSListings