NOT LISTED FOR SALE

8211 Forest St Gilroy, CA 95020

Estimated Value: $959,000 - $1,163,000

6 Beds
4 Baths
2,198 Sq Ft
$491/Sq Ft Est. Value

Last Sold March 30, 2022

Last sale price $1,100,000 $500 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $6,728/month

Highlights

  • 4 Car Attached Garage
  • Double Pane Windows
  • Attic Fan
  • Christopher High School Rated A-
  • Tile Flooring
  • Forced Air Heating System

About This Home

As of March 2022

One of the newest duplexes in Gilroy with easy access to 101, Gilroy Premium outlet,Costco and St. Louis Regional Hospital. Each unit features 3 bedrooms, 2 baths with approx 1100 sqf living space and a 2 car attached garage. New water heaters , new flooring for both units. New stove in unit 2. Excellent investment opportunity with total monthly rent of $5,500 and low maintenance fees. Tenants pay water, garbage and utilities with the seller responsible for landscaping.

Last Agent to Sell the Property

Vivian Wang

Coldwell Banker Realty License #01181179 Listed on: 03/14/2022

Coldwell Banker Realty

Last Buyer's Agent

Monica Yeung

Just Global Inc. License #01225247

Property Details

Home Type

  • Multi-Family

Year Built

  • 1920

Lot Details

  • 8,002 Sq Ft Lot
  • Fenced
  • Sprinklers on Timer
  • Grass Covered Lot
  • Back Yard

Parking

  • 4 Car Attached Garage

Home Design

  • Duplex
  • Ceiling Insulation
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Low Flow Toliet
  • 2,198 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Attic Fan
  • Washer and Dryer

Kitchen

  • Gas Oven
  • Range Hood
  • Dishwasher
  • Formica Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Eco-Friendly Details

  • Energy-Efficient HVAC

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • 220 Volts

Listing and Financial Details

  • Total Actual Rent $66,000

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $840
  • Insurance Expense $815
  • Trash Expense $720
  • Operating Expense $14,303
  • Gross Income $66,000

Property Details

Home Type

Multi-Family

Year Built

1920

Lot Details

8,002 Sq Ft Lot

Parking

4

Listing Details

  • Zoning: M2
  • Subclass: Duplex
  • Style: Ranch
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2198
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1920

Interior Features

  • Kitchen: 220 Volt Outlet, Appliances - Vary By Unit, Countertop - Formica, Dishwasher, Garbage Disposal, Hood Over Range, Hookups - Gas, Oven Range - Gas
  • Living Sq Ft: 2198
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Tile

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition
  • Yard/Grounds: Back Yard, Fenced, Low Maintenance, Sprinklers - Auto, Sprinklers - Lawn

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

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

Lot Info

  • Lot Description: Regular
  • Lot Acres: 0.1837
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8000.00

Green Features

  • Energy Features: Attic Fan, Ceiling Insulation, Double Pane Windows, Energy Star Hvac, Low Flow Toilet

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written
  • Gross Rent Multiplier: 16.64
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 815
  • Expense Landscape: 840
  • Expenses Total: 14303
  • Expense Trash: 720
  • Income Annual Gross: 66000.00
  • Income Annual Rental: 66000
  • Income Gross Scheduled: 66000
  • Meters: Master Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Loan - Mortgage, Maintenance - Capital Improvements, Services - Gardener
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 8, 2023
Sold by
Fong Chee K and Fong Carole
Bought by
Chee And Carole Fong Living Trust
Current Estimated Value
$1,078,554

Purchase Details

Listed on
Mar 14, 2022
Closed on
Mar 23, 2022
Sold by
Gupta and Jung
Bought by
Fong Chee K and Fong Carole
Seller's Agent
Vivian Wang
Coldwell Banker Realty
Buyer's Agent
Monica Yeung
Just Global Inc.
List Price
$1,098,000
Sold Price
$1,100,000
Premium/Discount to List
$2,000
0.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.50%

Purchase Details

Listed on
Dec 18, 2018
Closed on
Feb 22, 2019
Sold by
Mandolini Gailey Ii James M and Mandolini Gailey Gina
Bought by
Gupta Abhay and Hu Jung
Seller's Agent
Brad Bannister
Coldwell Banker Realty
Buyer's Agent
Ken Yeung
Realty Pro
List Price
$935,000
Sold Price
$905,000
Premium/Discount to List
-$30,000
-3.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.61%
Original Mortgage
$508,800
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 2012
Sold by
Gailey Hugh M and Gailey Barbara D
Bought by
Gailey Ii James M and Gailey Gina M

Purchase Details

Closed on
Feb 10, 2003
Sold by
Corral Lupe
Bought by
Gailey Ii James M and Gailey Gina Mandolini

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
4.7%
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
Chee And Carole Fong Living Trust -- --
Fong Chee K $1,100,000 Lawyers Title
Gupta Abhay $905,000 Old Republic Title Co
Gailey Ii James M -- None Available
Gailey Ii James M $315,000 Alliance Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gupta Abhay $508,800
Previous Owner Gailey Ii James M $252,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/30/2022 03/30/22 Sold $1,100,000 +0.2% $500 / Sq Ft
03/15/2022 03/15/22 Pending -- -- --
03/14/2022 03/14/22 For Sale $1,098,000 +21.3% $500 / Sq Ft
03/11/2019 03/11/19 Sold $905,000 -3.2% $412 / Sq Ft View Prior Sale
02/04/2019 02/04/19 Pending -- -- --
12/18/2018 12/18/18 For Sale $935,000 -- $425 / Sq Ft
Source: MLSListings

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 $14,141 $1,167,328 $817,130 $350,198
2024 $14,141 $1,144,440 $801,108 $343,332
2023 $14,059 $1,122,000 $785,400 $336,600
2022 $11,979 $951,315 $604,427 $346,888
2021 $11,928 $932,663 $592,576 $340,087
2020 $11,798 $923,100 $586,500 $336,600
2019 $5,765 $441,386 $245,077 $196,309
2018 $5,385 $432,732 $240,272 $192,460
2017 $5,498 $424,248 $235,561 $188,687
2016 $5,385 $415,931 $230,943 $184,988
2015 $5,082 $409,685 $227,475 $182,210
2014 $5,050 $401,661 $223,020 $178,641
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81882246

MLSListings

APN: 841-64-074

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