Nancy Sutorius
Re/max Accord
(925) 396-8628
27 Total Sales
1 in Milpitas
$1,525,000 Price
1148 Edsel Dr Milpitas, CA 95035
Milpitas Area
8
Beds
4
Baths
2,992
Sq Ft
7,579
Sq Ft Lot
About This Home
As of December 2016Great opportunity to invest in a 4-Unit Apartment building in Milpitas. This fourplex currently has below-market rents. Owner will realize higher cash flow as soon as rents are at market rents. Seller will repair driveway or give Buyer credit. Buyer may also purchase another fourplex next door sharing the same driveway.
Last Agent to Sell the Property
Melinda Collins
Songs Realty & Inv Co License #01178494 Listed on: 09/01/2016
Last Buyer's Agent
Judie Wertheimer
Werthmeimer, Judie License #00855991
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Property Details
Home Type
- Multi-Family
Year Built
- 1963
Lot Details
- 7,579
Home Design
- Quadruplex
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,992 Sq Ft Home
- 2-Story Property
- Fire and Smoke Detector
Parking
- 2 Parking Spaces
- 4 Carport Spaces
Additional Features
- 7,579 Sq Ft Lot
- Heating System Uses Gas
Listing and Financial Details
- Total Actual Rent $74,400
Community Details
Overview
Building Details
- 4 Leased Units
- Gardener Expense $600
- Insurance Expense $2,455
- Maintenance Expense $3,600
- Manager Expense $5,244
- Other Expense $617
- Utility Expense $5,206
- Trash Expense $1,767
- Operating Expense $25,253
- Gross Income $72,912
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
Closed on
Oct 30, 2023
Sold by
Bought by
Purchase Details
Listed on
Sep 1, 2016
Closed on
Dec 7, 2016
Sold by
Bought by
Seller's Agent
Melinda Collins
Songs Realty & Inv Co
Buyer's Agent
Judie Wertheimer
Werthmeimer, Judie
List Price
$1,425,000
Sold Price
$1,190,000
Premium/Discount to List
-$235,000
-16.49%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$892,500
Interest Rate
3.54%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 12, 2005
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
$616,000
Interest Rate
6.97%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Jun 15, 2004
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Milpitas, CA
-
Nancy Sutorius
-
Steven Wen
Steven Wen
Keller Williams Thrive
(669) 279-4702
89 Total Sales
2 in Milpitas
$910K - $1.4M Price Range
-
Yolanda Zhang
Yolanda Zhang
Keller Williams Thrive
(669) 260-5603
40 Total Sales
2 in Milpitas
$1.1M - $1.2M Price Range
-
Guillean Arradaza
Guillean Arradaza
Kinetic Real Estate
(628) 237-4641
123 Total Sales
1 in Milpitas
$1,345,000 Price
-
Jose Reyes
Jose Reyes
Elite Realty Services
(669) 221-8854
30 Total Sales
1 in Milpitas
$465,000 Price
-
Kamala Venkatesan
Kamala Venkatesan
Keller Williams Thrive
(650) 405-1884
58 Total Sales
7 in Milpitas
$1M - $1.6M Price Range
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 |
|---|---|---|---|
| -- | None Listed On Document | ||
| $1,190,000 | Old Republic Title Company | ||
| -- | Stewart Title Of California | ||
| -- | Commonwealth Land 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 |
|---|---|---|---|
| Previous Owner | $1,054,000 | ||
| Previous Owner | $1,050,000 | ||
| Previous Owner | $1,050,000 | ||
| Previous Owner | $892,500 | ||
| Previous Owner | $616,000 |
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 |
|---|---|---|---|---|
| 12/14/2016 12/14/16 | Sold | $1,190,000 | -16.5% | $398 / Sq Ft |
| 10/18/2016 10/18/16 | Pending | -- | -- | -- |
| 09/01/2016 09/01/16 | For Sale | $1,425,000 | -- | $476 / 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 | $16,188 | $1,408,715 | $947,036 | $461,679 |
| 2025 | $15,808 | $1,381,094 | $928,467 | $452,627 |
| 2024 | $15,808 | $1,354,014 | $910,262 | $443,752 |
| 2023 | $15,760 | $1,327,465 | $892,414 | $435,051 |
| 2022 | $15,694 | $1,301,437 | $874,916 | $426,521 |
| 2021 | $15,468 | $1,275,919 | $857,761 | $418,158 |
| 2020 | $15,199 | $1,262,837 | $848,966 | $413,871 |
| 2019 | $15,025 | $1,238,076 | $832,320 | $405,756 |
| 2018 | $14,265 | $1,213,800 | $816,000 | $397,800 |
| 2017 | $14,082 | $1,190,000 | $800,000 | $390,000 |
| 2016 | $5,822 | $486,642 | $158,509 | $328,133 |
| 2015 | $5,764 | $479,334 | $156,129 | $323,205 |
| 2014 | $5,607 | $469,945 | $153,071 | $316,874 |
Source: Public Records
Agents Affiliated with this Home
-
M
Seller's Agent in 2016
Melinda Collins
Songs Realty & Inv Co
-
Vince Songcayawon
Seller Co-Listing Agent in 2016
Vince Songcayawon
Songs Realty & Inv Co
(408) 375-7867
6 Total Sales
-
J
Buyer's Agent in 2016
Judie Wertheimer
Werthmeimer, Judie
Map
Source: MLSListings
MLS Number: ML81612579
APN: 088-02-007
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