NOT LISTED FOR SALE

Estimated Value: $1,007,000 - $1,981,000

4 Beds
2 Baths
2,850 Sq Ft
$562/Sq Ft Est. Value

Last Sold May 29, 2019

Last sale price $1,495,250 $525 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $9,965/month

178 Days on Market

Highlights

  • 0.25 Acre Lot
  • Laundry Room
  • Fenced
  • Double Pane Windows
  • Forced Air Heating System
  • Level Lot

About This Home

As of May 2019

Single family residence (see ML81724413 for details on SFR) w/income producing duplex. Additional duplex also for sale ML81724403. Both 2 bd, 1 ba. units include single car garage w/washer dryer hookups. One unit has long-term tenant on month-to-month lease. Second unit remodeled and in pristine condition, vacant and ready for tenant to bring in market rate income. Convenient location just a few minutes from downtown and a few blocks from potential BART station (phase two approved). Convenient access to freeways 280, 101, 880 and 87. JUST FELL OUT OF ESCROW. NO FAULT OF SELLER. VIEWABLE AGAIN. GREAT OPPORTUNITY BEFORE IT SELLS FAST!

Last Agent to Sell the Property

David Martz

Coldwell Banker Realty License #01227292 Listed on: 09/20/2018

Coldwell Banker Realty

Last Buyer's Agent

Catherine Qian

Coldwell Banker Realty License #01276431

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,414

Year Built

  • 1900

Lot Details

  • 10,681 Sq Ft Lot
  • Fenced
  • Level Lot
  • Sprinkler System

Parking

  • 1 Car Garage
  • On-Street Parking
  • Assigned Parking

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,850 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Crawl Space

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $36,000

Community Details

Overview

  • 2,850 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Gardener Expense $1,800
  • Insurance Expense $705
  • Maintenance Expense $500
  • Other Expense $285
  • Utility Expense $600
  • Trash Expense $821
  • Operating Expense $6,190
  • Gross Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,414

Year Built

1900

Lot Details

0

Parking

1

Listing Details

  • Zoning: R2
  • Subclass: Multiple Dwellings / Structures
  • Age: 118
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2850
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Kitchen: Appliances - Vary By Unit
  • Living Sq Ft: 2850
  • Stories: 2
  • Laundry: Hookups Only
  • Additional Rooms: Laundry Room

Exterior Features

  • Foundation: Crawl Space
  • Roof: Composition, Shingle
  • Yard/Grounds: Fenced, Sprinklers - Lawn

Garage/Parking

  • Garage Spaces: 1
  • Garage Parking Features: Assigned Spaces, Attached Garage, On Street

Utilities

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

Schools

  • School District: San Jose Unified

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.2452
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10680.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 10680.00

Green Features

  • Energy Features: Double Pane Windows

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 41.67
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 705
  • Expense Landscape: 1800
  • Expense Maintenance: 500
  • Expenses Other: 285
  • Expenses Total: 6190
  • Expenses Utility: 600
  • Expense Trash: 821
  • Income Annual Gross: 36000.00
  • Income Annual Rental: 36000
  • Income Gross Scheduled: 36000
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Exterminator, Maintenance - Laundry, Maintenance - Repair, Miscellaneous/Other, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2018
Closed on
May 16, 2019
Sold by
Schroeder Michelle and Landaverde Stephanie
Bought by
Qian Minxue
Seller's Agent
David Martz
Coldwell Banker Realty
Buyer's Agent
Catherine Qian
Coldwell Banker Realty
List Price
$1,499,950
Sold Price
$1,495,250
Premium/Discount to List
-$4,700
-0.31%
Current Estimated Value
$1,478,694

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$16,556
Avg. Annual Appreciation
0.10%
Original Mortgage
$920,000
Interest Rate
4.1%
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
Qian Minxue $1,495,500 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Qian Minxue $897,150
Closed Qian Minxue $920,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2019 05/29/19 Sold $1,495,250 -0.3% $525 / Sq Ft
03/18/2019 03/18/19 Pending -- -- --
03/17/2019 03/17/19 For Sale $1,499,950 0.0% $526 / Sq Ft
03/05/2019 03/05/19 For Sale $1,499,950 0.0% $526 / Sq Ft
03/04/2019 03/04/19 Pending -- -- --
02/01/2019 02/01/19 Pending -- -- --
12/05/2018 12/05/18 Price Changed $1,499,950 -6.3% $526 / Sq Ft
11/16/2018 11/16/18 Price Changed $1,599,950 -5.8% $561 / Sq Ft
10/25/2018 10/25/18 Price Changed $1,698,950 -5.6% $596 / Sq Ft
10/02/2018 10/02/18 Price Changed $1,799,950 -10.0% $632 / Sq Ft
09/20/2018 09/20/18 For Sale $1,999,950 -- $702 / 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 $22,414 $1,667,974 $1,338,620 $329,354
2024 $22,414 $1,635,270 $1,312,373 $322,897
2023 $18,924 $1,340,000 $1,075,400 $264,600
2022 $21,719 $1,571,772 $1,261,413 $310,359
2021 $21,221 $1,540,954 $1,236,680 $304,274
2020 $20,661 $1,525,155 $1,224,000 $301,155
2019 $19,118 $1,404,540 $884,340 $520,200
2018 $18,083 $1,377,000 $867,000 $510,000
2017 $5,192 $290,665 $161,679 $128,986
2016 $5,014 $284,966 $158,509 $126,457
2015 $4,949 $280,687 $156,129 $124,558
2014 $4,345 $275,190 $153,071 $122,119
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81724398

MLSListings

APN: 467-35-060