NOT LISTED FOR SALE

Estimated Value: $1,116,000 - $1,149,000

6 Beds
3 Baths
794 Sq Ft
$1,423/Sq Ft Est. Value

Last Sold April 27, 2018

Last sale price $980,000 $1,234 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $7,422/month

15 Days on Market

About This Home

As of April 2018

Fantastic Investors Opportunity to own an income producing property near all that Silicon Valley has to offer. This charming three unit complex is conveniently located a short distance from Valley Fair shopping mall and Santana Row, Near 880, 280 and a short drive to CalTrain and Downtown San Jose. All units have 2 bedrooms, 1 bath. All units have private entry. Ample private parking is located in rear. PLEASE DO NOT DISTURB OCCUPANTS!

Last Agent to Sell the Property

Liz Winegar

KW Bay Area Estates License #01902621 Listed on: 02/16/2018

KW Bay Area Estates

Last Buyer's Agent

Liz Winegar

KW Bay Area Estates License #01902621 Listed on: 02/16/2018

KW Bay Area Estates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,742

Year Built

  • 1940

Lot Details

  • 5,597 Sq Ft Lot

Home Design

  • Triplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 794 Sq Ft Home
  • 1-Story Property

Parking

  • 4 Parking Spaces
  • 1 Carport Space
  • Varies By Unit
  • Off-Street Parking

Utilities

  • Heating System Uses Gas
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $59,400

Community Details

Overview

  • 794 Sq Ft Building

Building Details

  • Gardener Expense $1,200
  • Insurance Expense $1,000
  • Maintenance Expense $1,200
  • Other Expense $1,000
  • Utility Expense $1,200
  • Trash Expense $1,000
  • Operating Expense $15,600
  • Gross Income $59,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,742

Year Built

1940

Lot Details

0

Listing Details

  • Zoning: R1-N2
  • Subclass: Triplex
  • Age: 78
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 794
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1940

Interior Features

  • Living Sq Ft: 794
  • Stories: 1

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Off-Street Parking, Varies By Unit
  • Carport Min: 1

Utilities

  • Heating System: Gas
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Campbell Union High

Lot Info

  • Lot Acres: 0.1285
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5596.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5596.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written
  • Gross Rent Multiplier: 15.13

Multi Family

  • Utilities: Individual Gas Meters
  • Expense Insurance: 1000
  • Expense Landscape: 1200
  • Expense Maintenance: 1200
  • Expenses Other: 1000
  • Expenses Total: 15600
  • Expenses Utility: 1200
  • Expense Trash: 1000
  • Income Annual Gross: 59400.00
  • Income Annual Rental: 59400
  • Income Gross Scheduled: 59400
  • Income Includes: Rents
  • Meters: Master Gas, Separate Gas
  • Number Of Buildings: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2018
Closed on
Mar 6, 2018
Sold by
Waller Ron M and Rmw Living Trust
Bought by
Wang Min and Tao David
Seller's Agent
Liz Winegar
KW Bay Area Estates
Buyer's Agent
Liz Winegar
KW Bay Area Estates
List Price
$899,000
Sold Price
$980,000
Premium/Discount to List
$81,000
9.01%
Current Estimated Value
$1,130,055

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,055
Avg. Annual Appreciation
1.95%
Original Mortgage
$679,650
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 2013
Sold by
Ensign Michael D and Ensign Mary E
Bought by
Waller Ron M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 19, 2013
Sold by
Waller Carolyn
Bought by
Waller Ron M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 10, 2008
Sold by
Escobar Anthony D and Brown Escobar Deborah Ann
Bought by
Ensign Mary E and Ensign Michael D

Purchase Details

Closed on
Sep 7, 2001
Sold by
Escobar Anthony D and Brown Escobar Deborah Ann
Bought by
Escobar Anthony D and Brown Escobar Deborah Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.9%

Purchase Details

Closed on
Feb 14, 1995
Sold by
Allen Pearl L and Hyde Heather
Bought by
Escobar Anthony D and Brown Deborah Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,500
Interest Rate
9.27%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Wang Min $980,000 Stewart Title Of California
Waller Ron M $625,000 Old Republic Title Company
Waller Ron M -- Old Republic Title Company
Ensign Mary E -- None Available
Escobar Anthony D -- Fidelity National Title Co
Escobar Anthony D $170,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wang Min $656,000
Previous Owner Wang Min $679,650
Previous Owner Waller Ron M $360,000
Previous Owner Escobar Anthony D $135,000
Previous Owner Escobar Anthony D $287,000
Previous Owner Escobar Anthony D $47,500
Previous Owner Escobar Anthony D $315,000
Previous Owner Escobar Anthony D $22,000
Previous Owner Escobar Anthony D $250,000
Previous Owner Escobar Anthony D $161,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2018 04/27/18 Sold $980,000 +9.0% $1,234 / Sq Ft
03/04/2018 03/04/18 Pending -- -- --
02/16/2018 02/16/18 For Sale $899,000 -- $1,132 / 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 $15,742 $1,115,067 $955,773 $159,294
2024 $15,742 $1,093,204 $937,033 $156,171
2023 $15,742 $965,000 $827,100 $137,900
2022 $15,456 $1,050,755 $900,648 $150,107
2021 $15,314 $1,030,153 $882,989 $147,164
2020 $15,100 $1,019,592 $873,936 $145,656
2019 $15,321 $999,600 $856,800 $142,800
2018 $10,315 $676,409 $473,488 $202,921
2017 $9,971 $663,147 $464,204 $198,943
2016 $9,307 $650,145 $455,102 $195,043
2015 $9,127 $640,380 $448,266 $192,114
2014 -- $627,837 $439,486 $188,351
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81692794

MLSListings

APN: 274-19-048