NOT LISTED FOR SALE

1278 University Ave San Jose, CA 95126

Rose Garden Neighborhood

Estimated Value: $1,469,000 - $1,798,000

3 Beds
1 Bath
1,288 Sq Ft
$1,254/Sq Ft Est. Value

Last Sold August 04, 2023

Last sale price $1,460,000 $1,134 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $10,189/month

10 Days on Market

Highlights

  • Wood Flooring
  • Dining Room
  • 1-Story Property
  • 1 Car Detached Garage
  • Wood Burning Fireplace

About This Home

As of August 2023

A very rare opportunity to own a true diamond in the rough. Situated on one of the Rose Gardens finest streets amid multi-million-dollar homes. This 1925 fixer is ready for your upgrades and remodeling projects, or you could build the home of your dreams on the huge 10,001 square foot lot. This expansive lot features three structures: The original two bed one bathroom home which features hardwood floors, a wood burning fireplace, a detached, finished garage and a separate ADU with a bathroom. This prime Silicon Valley location is close to restaurants, jobs, shops, all major arteries, public/private schools, Cal Train Station, SJ International Airport, Westfield Mall, and Santana Row.

Last Agent to Sell the Property

Gea Carr

Coldwell Banker Realty License #01329782 Listed on: 07/17/2023

Coldwell Banker Realty

Last Buyer's Agent

Derrick Oh

Coldwell Banker Realty License #01344896

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,425

Year Built

  • Built in 1925

Lot Details

  • 10,001 Sq Ft Lot
  • Zoning described as R1-8

Parking

  • 1 Car Detached Garage

Home Design

  • Fixer Upper
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,288 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Dining Room
  • Wood Flooring
  • Laundry in unit

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 261-14-045

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,425

Year Built

Built in 1925

Lot Details

0

Parking

1

Listing Details

  • Subclass: Single Family Home
  • Property Condition: Fixer Upper
  • Age: 98
  • Listing Class: Residential
  • Structure Sq Ft: 1288
  • Year Built: 1925
  • Zoning Description: R1-8
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Fireplace: Wood Burning
  • Dining Room: No Formal Dining Room
  • Living Sq Ft: 1288
  • Stories: 1
  • Laundry: Inside
  • Flooring: Hardwood
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 1
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Detached Garage

Utilities

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

Schools

  • School District: San Jose Unified
  • Elementary School: Merritt Trace Elementary
  • Middle School: Herbert Hoover Middle
  • High School: Abraham Lincoln High
  • High School: 347
  • Elementary School: 381
  • Middle School: 340

Lot Info

  • Parcel Number: 261-14-045
  • Lot Acres: 0.2296
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10001.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 10001.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: San Jose Unified
  • Elementary School Text: Merritt Trace Elementary
  • High School Text: Abraham Lincoln High
  • Middle School Text: Herbert Hoover Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2023
Closed on
Aug 1, 2023
Sold by
Steven J Lambrecht Declaration Of Trust
Bought by
Farzaneh Payman and Esfahani Mahsa
Seller's Agent
Gea Carr
Coldwell Banker Realty
Buyer's Agent
Derrick Oh
Coldwell Banker Realty
List Price
$1,398,000
Sold Price
$1,460,000
Premium/Discount to List
$62,000
4.43%
Views
61
Current Estimated Value
$1,588,303

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$128,303
Avg. Annual Appreciation
3.79%

Purchase Details

Closed on
Jan 11, 1995
Sold by
Lambrecht Steven J
Bought by
Lambrecht Steven J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
9.16%

Purchase Details

Closed on
Nov 24, 1993
Sold by
Boberg Richard Wayne and Boberg Jacqueline Shillea
Bought by
Boberg Richard Wayne and Boberg Jacqueline Shillea
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
Farzaneh Payman $1,460,000 Chicago Title
Lambrecht Steven J -- Fidelity National Title
Boberg Richard Wayne -- American Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lambrecht Steven J $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2023 08/04/23 Sold $1,460,000 +4.4% $1,134 / Sq Ft
07/27/2023 07/27/23 Pending -- -- --
07/17/2023 07/17/23 For Sale $1,398,000 -- $1,085 / 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 $18,425 $1,864,780 $1,438,200 $426,580
2024 $18,425 $1,460,000 $1,410,000 $50,000
2023 $3,704 $183,041 $96,858 $86,183
2022 $3,661 $179,453 $94,959 $84,494
2021 $3,531 $175,936 $93,098 $82,838
2020 $3,409 $174,133 $92,144 $81,989
2019 $3,452 $170,720 $90,338 $80,382
2018 $3,871 $167,373 $88,567 $78,806
2017 $3,160 $164,092 $86,831 $77,261
2016 $3,020 $160,876 $85,129 $75,747
2015 $4,011 $158,461 $83,851 $74,610
2014 $3,428 $155,358 $82,209 $73,149
Source: Public Records

Agents Affiliated with this Home

  • Gea Carr

    Seller's Agent in 2023

    Gea Carr

    Coldwell Banker Realty

    (408) 445-3562

    9 in this area

    56 Total Sales

    Section Image
  • Derrick Oh

    Buyer's Agent in 2023

    Derrick Oh

    Coldwell Banker Realty

    (408) 445-7128

    6 in this area

    71 Total Sales

    Section Image
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Map

Source: MLSListings

MLS Number: ML81934863

MLSListings

APN: 261-14-045

California Santa Clara County San Jose 95126 Rose Garden

1278 University Ave, San Jose, CA

This home is located at 1278 University Ave, San Jose, CA 95126 since 17 July 2023 and is currently estimated at $1,615,109, approximately $1,253 per square foot. This property was built in 1925. 1278 University Ave is a home located in Santa Clara County with nearby schools including Merritt Trace Elementary, Herbert Hoover Middle School, and Abraham Lincoln High.

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