NOT LISTED FOR SALE

Estimated Value: $695,000 - $752,000

2 Beds
2 Baths
1,118 Sq Ft
$394/mo HOA Fee

Last Sold July 24, 2023

Last sale price $685,000 $613 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $4,898/month

53 Days on Market

Highlights

  • Marble Bathroom Countertops
  • 4-minute walk to Tamien
  • Wine Refrigerator
  • Willow Glen High School Rated 9+
  • Quartz Countertops
  • Balcony

About This Home

As of July 2023

*WELCOME TO 1311 PALM STREET*VERY LIGHT AND BRIGHT SECOND LEVEL UNIT*A TASTEFULLY REMODELED AND UPDATED CONDOMINIUM, ONLY A SHORT DISTANCE FROM DOWNTOWN SAN JOSE*OPEN STYLE LIVING CONCEPT*2 AMPLE SIZED BEDROOMS WITH LARGE CLOSET SPACE WITH ORGANIZERS*DUAL PANE WINDOWS*PATIO/TERRACE*CENTRAL FORCED AIR HEATING AND AIR CONDITIONING WITH NEST THERMOSTAT*INSIDE LAUNDRY WITH WASHER AND DRYER*LOW MAINTENANCE VINYL PLANK FLOORING THROUGHOUT*REMODELED KITCHEN WITH NEW CABINETS, NEWER APPLIANCES*LARGE ISLAND WITH QUARTZ COUNTERTOPS*DETACHED 1 CAR GARAGE PROVIDES ADDED STORAGE*A WOODBURNING FIREPLACE FOR THOSE COLD WINTER NIGHTS*RECESSED LIGHTING*CLOSE TO LIGHT RAIL*NEWER CITY PARK JUST AROUND THE CORNER FOR THE KIDS*JUST MOVE IN AND ENJOY*

Last Agent to Sell the Property

John Murray

John M. Murray Jr.,Broker License #00549712 Listed on: 05/05/2023

Last Buyer's Agent

Johnson La

Twin Oaks Real Estate, Inc. License #02135119

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,443

Year Built

  • Built in 1986

Lot Details

  • 1,481

HOA Fees

  • $394 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Garage Door Opener
  • On-Street Parking

Home Design

  • Slab Foundation
  • Wood Frame Construction

Interior Spaces

  • 1,118 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Dining Area
  • Vinyl Flooring

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Quartz Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Marble Bathroom Countertops
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Washer and Dryer

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Separate Meters
  • 220 Volts
  • Individual Gas Meter
  • Water Softener is Owned
  • Cable TV Available

Additional Features

  • Balcony
  • Fenced Front Yard

Community Details

  • Association fees include common area electricity, decks, exterior painting, garbage, insurance - common area, insurance - structure, landscaping / gardening, maintenance - exterior, management fee, roof
  • Palmwood Terrace Association

Listing and Financial Details

  • Assessor Parcel Number 434-42-056

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,443

Year Built

Built in 1986

Lot Details

0

HOA Fees

$394 per month

Parking

1

Listing Details

  • Subclass: Condominium
  • Age: 37
  • Listing Class: Residential
  • Maximum Unit Floor Number: 2
  • Structure Sq Ft: 1118
  • Year Built: 1986
  • Zoning Description: R1PD
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room, Wood Burning
  • Dining Room: Breakfast Bar, Dining Area
  • Kitchen: 220 Volt Outlet, Countertop - Quartz, Dishwasher, Exhaust Fan, Garbage Disposal, Microwave, Oven Range - Electric, Refrigerator, Wine Refrigerator
  • Living Sq Ft: 1118
  • Stories: 1
  • Laundry: Electricity Hookup (220V), Inside, Washer / Dryer
  • Flooring: Vinyl / Linoleum
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Bathroom: Marble, Showers over Tubs - 2+
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Slab
  • Yard/Grounds: Balcony / Patio
  • Fencing: Fenced Front
  • Construction Type: Wood, Wood Frame

Garage/Parking

  • Garage Spaces: 1
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Detached Garage, Gate / Door Opener, On Street

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 394
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Common Area Electricity, Decks, Exterior Painting, Garbage, Insurance - Common Area, Insurance - Structure, Landscaping / Gardening, Maintenance - Exterior, Management Fee, Roof
  • H O A Name Text: PALMWOOD TERRACE
  • H O A Exist: Yes

Schools

  • School District: San Jose Unified

Lot Info

  • Parcel Number: 434-42-056

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Maximum Building Height: 2
  • Minimum Building Height: 2

MLS Schools

  • High School District Text: San Jose Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2023
Closed on
Jul 19, 2023
Sold by
Mak Carine A
Bought by
Hernandez Ryan K
Seller's Agent
John Murray
John M. Murray Jr.,Broker
Buyer's Agent
Johnson La
Twin Oaks Real Estate, Inc.
List Price
$695,000
Sold Price
$685,000
Premium/Discount to List
-$10,000
-1.44%
Views
97
Current Estimated Value
$716,689

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,689
Avg. Annual Appreciation
2.07%
Original Mortgage
$548,000
Outstanding Balance
$534,732
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$181,957

Purchase Details

Listed on
May 5, 2023
Closed on
Jul 17, 2023
Sold by
Spicer Jeffrey T
Bought by
Mak Carine A and Hernandez Ryan K
Seller's Agent
John Murray
John M. Murray Jr.,Broker
Buyer's Agent
Johnson La
Twin Oaks Real Estate, Inc.
List Price
$695,000
Sold Price
$685,000
Premium/Discount to List
-$10,000
-1.44%
Views
97

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$548,000
Outstanding Balance
$534,732
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$181,957

Purchase Details

Listed on
Dec 4, 2017
Closed on
Dec 26, 2017
Sold by
Engelman Judell
Bought by
Spicer Jeffrey T
Seller's Agent
Andrew Suk Kim
Corcoran Icon Properties
Buyer's Agent
John Murray
John M. Murray Jr.,Broker
List Price
$499,000
Sold Price
$545,000
Premium/Discount to List
$46,000
9.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.21%
Original Mortgage
$436,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 2007
Sold by
Armstrong Jane C
Bought by
Engelman Judell and Thurston Pamela A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,200
Interest Rate
7.05%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Oct 16, 2003
Sold by
Armstrong Erskine L
Bought by
Armstrong Jane C

Purchase Details

Closed on
May 4, 1999
Sold by
Armstrong Jane D
Bought by
Armstrong Erskine and Armstrong Jane C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
6.92%
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
Hernandez Ryan K -- Old Republic Title
Mak Carine A -- Old Republic Title
Mak Carine A $685,000 Old Republic Title
Spicer Jeffrey T $545,000 Chicago Title Co
Engelman Judell $429,000 Fidelity National Title Co
Armstrong Jane C -- --
Armstrong Erskine -- Benefit Land Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hernandez Ryan K $548,000
Previous Owner Spicer Jeffrey T $436,000
Previous Owner Engelman Judell $343,200
Previous Owner Armstrong Erskine $136,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/24/2023 07/24/23 Sold $685,000 +1.5% $613 / Sq Ft
06/28/2023 06/28/23 Pending -- -- --
06/17/2023 06/17/23 Price Changed $675,000 -2.9% $604 / Sq Ft
05/05/2023 05/05/23 For Sale $695,000 +27.5% $622 / Sq Ft
01/05/2018 01/05/18 Sold $545,000 +9.2% $487 / Sq Ft View Prior Sale
12/13/2017 12/13/17 Pending -- -- --
12/04/2017 12/04/17 For Sale $499,000 -- $446 / 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 $8,443 $698,700 $349,350 $349,350
2024 $8,443 $685,000 $342,500 $342,500
2023 $7,501 $596,034 $298,017 $298,017
2022 $7,456 $584,348 $292,174 $292,174
2021 $7,324 $572,892 $286,446 $286,446
2020 $7,203 $567,018 $283,509 $283,509
2019 $7,070 $555,900 $277,950 $277,950
2018 $5,821 $444,186 $222,048 $222,138
2017 $5,778 $435,478 $217,695 $217,783
2016 $5,642 $426,940 $213,427 $213,513
2015 $5,601 $420,528 $210,222 $210,306
2014 $4,274 $357,000 $178,400 $178,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81927296

MLSListings

APN: 434-42-056