NOT LISTED FOR SALE

Estimated Value: $535,000 - $732,000

1 Bed
1.5 Baths
1,045 Sq Ft
$423/mo HOA Fee

Last Sold November 29, 2022

Last sale price $577,000 $552 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,354/month

123 Days on Market

Highlights

  • Unit is on the top floor
  • Vaulted Ceiling
  • Elevator
  • Gated Community
  • Granite Countertops
  • Skylights

About This Home

As of November 2022

This top-floor penthouse offers serene modern living with easy access to the best Silicon Valley has to offer. Enter onto a spacious open-plan living space replete with natural light from a gorgeous window wall and vaulted ceilings. The modern kitchen boasts granite counters and stainless steel appliances. This roomy unit offers 1.5 baths and a lofted bedroom. Situated in the Downtown San Jose community The Works, this downtown complex features a stunning courtyard, outdoor recreational area, and underground parking with secure elevator access. Local institutions, including Google Village, SAP Center, SJSU, SoFA District, and the Tech Museum, sit less than 2 miles away. HWYs 280 and 87 and Diridon Caltrain Station are reached within minutes by car, providing easy access to the entire Bay Area. Nearby, enjoy charming Happy Hollow Park & Zoo, Japanese Friendship Garden, and San Jose Historical Park.

Last Agent to Sell the Property

Nancy Reynolds

Rainmaker Real Estate License #01952162 Listed on: 06/28/2022

Co-Listed By

Alex Wang

Rainmaker Real Estate License #01351503

Last Buyer's Agent

Rajko Novakovich

Rajko Novakovich, Broker License #01341923

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,336

Year Built

  • Built in 2006

Lot Details

  • 741

HOA Fees

  • $423 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Secured Garage or Parking
  • On-Street Parking

Interior Spaces

  • 1,045 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Skylights
  • Double Pane Windows
  • Dining Area

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • Loft Bedroom
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Washer and Dryer

Home Security

Utilities

  • Forced Air Heating and Cooling System
  • Thermostat
  • 220 Volts

Additional Features

  • Barbecue Area
  • Unit is on the top floor

Listing and Financial Details

  • Assessor Parcel Number 472-45-049

Community Details

Overview

  • Association fees include insurance - common area, landscaping / gardening, maintenance - common area, water
  • 74 Units
  • The Works Owners Association
  • Built by The Works

Amenities

  • Community Barbecue Grill
  • Trash Chute
  • Elevator

Security

  • Controlled Access
  • Gated Community
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,336

Year Built

Built in 2006

Lot Details

0

HOA Fees

$423 per month

Parking

1

Listing Details

  • Subclass: Condominium
  • Age: 16
  • Listing Class: Residential
  • Maximum Unit Floor Number: 2
  • Max Numberof Unitsin Building: 74
  • Min Numberof Unitsin Complex: 74
  • Structure Sq Ft: 1045
  • Complex Name: The Works
  • Incorporated: Yes
  • Year Built: 2006
  • Zoning Description: APD
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Dining Room: Breakfast Bar, Dining Area
  • Kitchen: 220 Volt Outlet, Countertop - Granite, Dishwasher, Garbage Disposal, Microwave, Oven Range - Electric, Refrigerator
  • Living Sq Ft: 1045
  • Stories: 2
  • Security: Controlled / Secured Access, Fire System - Sprinkler, Secured Garage / Parking
  • Bedrooms: Loft Bedroom
  • Laundry: Inside, Washer / Dryer
  • Flooring: Carpet, Tile, Vinyl / Linoleum
  • Maximum Numberof Bedrooms: 1
  • Minimum Numberof Bedrooms: 1
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Bathroom: Shower over Tub - 1

Exterior Features

  • Yard/Grounds: BBQ Area, Courtyard

Garage/Parking

  • Garage Spaces: 1
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Assigned Spaces, On Street, Underground Parking

Utilities

  • Cooling System: Central AC
  • Heating System: Central Forced Air, Electric
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • HOA Fees: 423
  • HOA Amenities: BBQ Area, Community Security Gate, Elevator, Trash Chute
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Insurance - Common Area, Landscaping / Gardening, Maintenance - Common Area, Water
  • H O A Name Text: The Works Owners Association
  • H O A Exist: Yes

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Skylight, Vaulted Ceiling

Schools

  • School District: San Jose Unified

Lot Info

  • Parcel Number: 472-45-049
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 1045.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 1045.00

Green Features

  • Energy Features: Double Pane Windows, Thermostat Controller

Multi Family

  • Utilities: Public Utilities
  • Unit Features: Top Floor or Penthouse

MLS Schools

  • High School District Text: San Jose Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2022
Closed on
Nov 3, 2022
Sold by
Tran Alicia T
Bought by
Lazar Peter George and Rowic Michele
Seller's Agent
Nancy Reynolds
Rainmaker Real Estate
Buyer's Agent
Rajko Novakovich
Rajko Novakovich, Broker
List Price
$595,000
Sold Price
$577,000
Premium/Discount to List
-$18,000
-3.03%
Views
7
Current Estimated Value
$623,763

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,763
Avg. Annual Appreciation
2.77%
Original Mortgage
$432,750
Outstanding Balance
$419,331
Interest Rate
6.95%
Estimated Equity
$204,432

Purchase Details

Listed on
May 12, 2018
Closed on
Jul 23, 2018
Sold by
Le Thang
Bought by
Tran Alicia T
Seller's Agent
Minh DUONG
Valley Real Estate Services
Buyer's Agent
Ashwin Veeravalli
Compass
List Price
$595,000
Sold Price
$595,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.70%
Original Mortgage
$476,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 30, 2016
Sold by
Le Thang and Le Thang
Bought by
Le Thang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$346,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 30, 2014
Closed on
Aug 19, 2014
Sold by
Verbeckmoes Kenyon J and Verbeckmoes Eugenia M
Bought by
Le Thang
Seller's Agent
Robert Van Den Bulke
Kim Properties
Buyer's Agent
Minh DUONG
AMAC Realty & Lending
List Price
$375,000
Sold Price
$385,000
Premium/Discount to List
$10,000
2.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.43%
Original Mortgage
$346,500
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 30, 2014
Closed on
Aug 15, 2014
Sold by
Nguyen Tu
Bought by
Le Than
Seller's Agent
Robert Van Den Bulke
Kim Properties
Buyer's Agent
Minh DUONG
AMAC Realty & Lending
List Price
$375,000
Sold Price
$385,000
Premium/Discount to List
$10,000
2.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$346,500
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 15, 2013
Closed on
Jun 17, 2013
Sold by
Saffarzadeh Saman
Bought by
Verbeckmoes Kenyon J and Verbeckmoes Eugenia M
Seller's Agent
Chris Kamali
Bay East AOR
Buyer's Agent
Robert Van Den Bulke
Kim Properties
List Price
$299,900
Sold Price
$330,000
Premium/Discount to List
$30,100
10.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.21%
Original Mortgage
$230,000
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 3, 2011
Sold by
Federal National Mortgage Association
Bought by
Saffarzadeh Saman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,603
Interest Rate
4.84%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 5, 2010
Sold by
Johnson Christina
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Oct 17, 2006
Sold by
Green Valley Corp
Bought by
Johnson Christina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$341,600
Interest Rate
5.75%
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
Lazar Peter George $577,000 Old Republic Title
Tran Alicia T $595,000 Fidelity Natl Title Co
Le Thang -- None Available
Le Thang -- Fidelity National Title Co
Le Thang $385,000 Old Republic Title Company
Le Than -- Old Republic Title Company
Verbeckmoes Kenyon J $330,000 First American Title Company
Saffarzadeh Saman $209,000 Servicelink
Federal National Mortgage Association $372,477 Accommodation
Johnson Christina $425,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lazar Peter George $432,750
Previous Owner Tran Alicia T $476,000
Previous Owner Le Thang $346,000
Previous Owner Le Thang $346,500
Previous Owner Verbeckmoes Kenyon J $230,000
Previous Owner Saffarzadeh Saman $203,603
Previous Owner Johnson Christina $341,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/29/2022 11/29/22 Sold $577,000 -3.0% $552 / Sq Ft
10/30/2022 10/30/22 Pending -- -- --
10/10/2022 10/10/22 For Sale $595,000 +3.1% $569 / Sq Ft
10/06/2022 10/06/22 Off Market $577,000 -- --
10/06/2022 10/06/22 Price Changed $595,000 -0.5% $569 / Sq Ft
06/28/2022 06/28/22 For Sale $598,000 +0.5% $572 / Sq Ft
07/24/2018 07/24/18 Sold $595,000 0.0% $569 / Sq Ft View Prior Sale
06/12/2018 06/12/18 Pending -- -- --
05/12/2018 05/12/18 For Sale $595,000 +54.5% $569 / Sq Ft
08/26/2014 08/26/14 Sold $385,000 +1.6% $368 / Sq Ft View Prior Sale
07/29/2014 07/29/14 Pending -- -- --
07/21/2014 07/21/14 Price Changed $379,000 +1.1% $363 / Sq Ft
07/21/2014 07/21/14 For Sale $375,000 0.0% $359 / Sq Ft
07/10/2014 07/10/14 Pending -- -- --
06/30/2014 06/30/14 For Sale $375,000 +13.6% $359 / Sq Ft
06/28/2013 06/28/13 Sold $330,000 +10.0% $316 / Sq Ft View Prior Sale
05/22/2013 05/22/13 Pending -- -- --
05/15/2013 05/15/13 For Sale $299,900 -- $287 / 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 $7,336 $600,310 $300,155 $300,155
2024 $7,336 $588,540 $294,270 $294,270
2023 $7,202 $577,000 $288,500 $288,500
2022 $7,935 $625,448 $312,724 $312,724
2021 $7,796 $613,186 $306,593 $306,593
2020 $7,667 $606,900 $303,450 $303,450
2019 $7,525 $595,000 $297,500 $297,500
2018 $5,379 $406,658 $203,329 $203,329
2017 $5,255 $398,686 $199,343 $199,343
2016 $5,121 $390,870 $195,435 $195,435
2015 $5,081 $385,000 $192,500 $192,500
2014 $4,508 $331,498 $165,749 $165,749
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81898229

MLSListings

APN: 472-45-049