NOT LISTED FOR SALE

1240 Phelps Ave San Jose, CA 95117

Castlemont Neighborhood
5 Beds
4 Baths
2,389 Sq Ft
8,298 Sq Ft Lot

Last Sold February 28, 2023

Last sale price $1,614,000 $676 Per Sq Ft

9 Days on Market

Highlights

  • Fireplace
  • Tile Countertops
  • Tile Flooring
  • George C. Payne Elementary School Rated A-
  • Shed
  • Forced Air Heating System

About This Home

As of February 2023

1240 Phelps Ave and 3545 Speno Drive- duplex in great location close to Campbell. New 40 year roof and seamless gutters installed in November. Nice configuration for the duplex- connecting walls are the garages, providing more privacy for tenants. The 3 bedroom/2 bath unit has a 2 car attached garage and yard. The 2 bedroom/2 bath unit has a 1 car attached and yard. Both units also have ample driveway parking. Low maintenance front yard. Some updating has been done in the 2 bed/2 bath unit. Laundry hook ups in garages of both units. Newer fencing.

Last Agent to Sell the Property

Patty Filice

Intero Real Estate Services License #00887012 Listed on: 12/10/2022

Intero Real Estate Services

Last Buyer's Agent

Carlos Padilla

Intero Real Estate Services License #01342889

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • 1969

Lot Details

  • 8,298

Parking

  • 3 Car Garage
  • On-Street Parking

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 2,389 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Fireplace
  • Crawl Space
  • Washer and Dryer Hookup

Kitchen

  • Electric Cooktop
  • Dishwasher
  • Tile Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Additional Features

  • Shed
  • 8,298 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $68,880

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $684
  • Insurance Expense $2,159
  • Maintenance Expense $1,950
  • Other Expense $2,028
  • Operating Expense $10,473
  • Gross Income $68,880

Property Details

Home Type

Multi-Family

Year Built

1969

Lot Details

0

Parking

3

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Age: 53
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2389
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1969

Interior Features

  • Kitchen: Cooktop - Electric, Countertop - Other, Countertop - Tile, Dishwasher, Garbage Disposal, Refrigerator
  • Living Sq Ft: 2389
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Carpet, Laminate, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Crawl Space
  • Roof: Composition
  • Yard/Grounds: Storage Shed / Structure

Garage/Parking

  • Garage Spaces: 3
  • Garage Parking Features: Attached Garage, On Street

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Fireplace, Forced Air
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Campbell Union High
  • Elementary School: George C. Payne Elementary
  • Middle School: Moreland Middle
  • High School: Prospect High
  • High School: 241
  • Elementary School: 158
  • Middle School: 35652

Lot Info

  • Lot Acres: 0.1905
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8300.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8300.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 22.49
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2159
  • Expense Landscape: 684
  • Expense Maintenance: 1950
  • Expenses Other: 2028
  • Expenses Total: 10473
  • Income Annual Gross: 68880.00
  • Income Annual Rental: 68880
  • Income Gross Scheduled: 68880
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Loan - Mortgage, Maintenance
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water

Range of Values:

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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
02/28/2023 02/28/23 Sold $1,614,000 +4.2% $676 / Sq Ft
12/20/2022 12/20/22 Pending -- -- --
12/10/2022 12/10/22 For Sale $1,549,000 -- $648 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2023

    Patty Filice

    Intero Real Estate Services

    Section Image
  • Carlos Padilla

    Buyer's Agent in 2023

    Carlos Padilla

    Intero Real Estate Services

    (650) 947-4746

    3 in this area

    93 Total Sales

    Section Image
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Map

Source: MLSListings

MLS Number: ML81914664

MLSListings

APN: 299-04-034

California Santa Clara County San Jose 95117 Castlemont

1240 Phelps Ave, San Jose, CA

This home is located at 1240 Phelps Ave, San Jose, CA 95117 since 10 December 2022. This property was built in 1969. 1240 Phelps Ave is a home located in Santa Clara County with nearby schools including George C. Payne Elementary School, Moreland Middle School, and Prospect High School.

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