NOT LISTED FOR SALE

Estimated Value: $1,029,000 - $1,147,289

4 Beds
3 Baths
1,560 Sq Ft
$683/Sq Ft Est. Value

Last Sold March 21, 2023

Last sale price $917,000 $588 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $7,123/month

7 Days on Market

Highlights

  • Contemporary Architecture
  • Double Pane Windows
  • Fenced
  • Granite Countertops
  • Forced Air Heating System
  • Back Yard

About This Home

As of March 2023

Welcome to 1422 June Ave! An incredible investment and ownership opportunity, this two-unit property offers a large lot with two spacious units, a 3bed/2bath and 1bed/1bath. Private-sizeable backyard, as well as spacious living space, great for entertaining guests. Walking distance to Elementary School, making this home great for families, and minutes to many Shopping Centers, Target, Home Depot and many other shops and great restaurants and entertainment. Easy access to Highway 101and 280, and public transportation! Great Investment Opportunity or live in 1 unit and rent the other! Some cometic TLC needed.

Last Agent to Sell the Property

J. Adame

Ameriland Real Estate Services License #01383543 Listed on: 02/14/2023

Co-Listed By

Theresa Adame

Ameriland Real Estate Services License #01980107

Last Buyer's Agent

Lang Chi Nguyen

Provence Realty, Inc. License #01505673

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,745

Year Built

  • 1958

Lot Details

  • 6,024 Sq Ft Lot
  • Fenced
  • Back Yard

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,560 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Laminate Flooring
  • Washer and Dryer Hookup

Kitchen

  • Gas Oven
  • Granite Countertops

Parking

  • 4 Parking Spaces
  • Covered Parking

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $42,000

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $950
  • Operating Expense $4,733
  • Gross Income $42,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,745

Year Built

1958

Lot Details

0

Listing Details

  • Zoning: R1-8
  • Subclass: Multiple Dwellings / Structures
  • Style: Contemporary
  • Age: 65
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1560
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1958

Interior Features

  • Kitchen: Countertop - Granite, Oven Range - Gas
  • Living Sq Ft: 1560
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Laminate

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Shingle
  • Yard/Grounds: Back Yard, Fenced
  • Construction Type: Wood Frame

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Common Parking Area

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: East Side Union High

Lot Info

  • Lot Acres: 0.1383
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6024.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6024.00

Green Features

  • Energy Features: Double Pane Windows

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 21.43
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 950
  • Expenses Total: 4733
  • Income Annual Gross: 42000.00
  • Income Annual Rental: 42000
  • Income Gross Scheduled: 42000
  • Meters: Master Electric, Master Gas, Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2023
Closed on
Mar 6, 2023
Sold by
Terraces Jason
Bought by
Nguyen Chanh P
Seller's Agent
J. Adame
Ameriland Real Estate Services
Buyer's Agent
Lang Chi Nguyen
Provence Realty, Inc.
List Price
$900,000
Sold Price
$917,000
Premium/Discount to List
$17,000
1.89%
Total Days on Market
7
Views
89
Current Estimated Value
$1,064,822

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$147,822
Avg. Annual Appreciation
7.00%
Original Mortgage
$350,000
Outstanding Balance
$340,507
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$724,315

Purchase Details

Closed on
Jun 10, 2019
Sold by
Terraces Jason and Estate Of Rosaura Terraces
Bought by
Terraces Jason

Purchase Details

Closed on
Mar 14, 2002
Sold by
Terraces Rosaura and Terraces Daniel Felix
Bought by
Terraces Rosaura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.85%
Mortgage Type
Credit Line Revolving
Source: Public Records

Similar Homes in San Jose, CA

  • 947 S 11th St, San Jose, CA 95112

    $899,000

    • 2 Beds
    • 2 Baths
    • 1,296 Sq Ft
    • 947 S 11th St
    • San Jose, CA

    Fantastic Investment Opportunity or Ideal Owner-Occupant Property! This duplex features two 1-bedroom, 1-bath units with a combined 1,296+/- sq ft of living space, all situated on a generous 7,290+/- sq ft lot. The property includes a spacious shared backyard, a convenient shared laundry room, a large two-car garage, and plenty of off-street parking. Ideally located near major freeways, San Jose

    Kathleen Tuttle Compass

    Section Image
  • 745 S 10th St, San Jose, CA 95112

    $998,000

    • 4 Beds
    • 4 Baths
    • 2,058 Sq Ft
    • 745 S 10th St
    • San Jose, CA

    745 & 747 S 10th St is an exceptional duplex investment opportunity located in the prosperous city of San Jose, California. Situated on a parcel of land totaling 6,205 square feet, the subject property was originally constructed in 1978 and features a gross building area of approximately 2,058 square feet, offering tenants and residents beautifully designed two-bedroom townhouse style floor

    Arman Sadigh Marcus & Millichap

    Section Image
  • 739 S 10th St, San Jose, CA 95112

    $998,000

    • 4 Beds
    • 4 Baths
    • 2,058 Sq Ft
    • 739 S 10th St
    • San Jose, CA

    739 & 741 S 10th St is an exceptional duplex investment opportunity located in the prosperous city of San Jose, California. Situated on a parcel of land totaling 6,351 square feet, the subject property was originally constructed in 1978 and features a gross building area of approximately 2,058 square feet, offering tenants and residents beautifully designed two-bedroom townhouse style floor

    Arman Sadigh Marcus & Millichap

    Section Image
  • 970 S 8th St, San Jose, CA 95112

    $999,888

    • 2 Beds
    • 2 Baths
    • 1,344 Sq Ft
    • 970 S 8th St
    • San Jose, CA

    970-972 S. 8th St, is a rare and versatile gem tucked away on a peaceful, treelined, suburban-feeling street.This unique duplex offers endless possibilities perfect for investors, multi-generational living, or savvy homeowners looking to maximize value. Spanning 1,344 square feet on a generous 6,348 square foot lot, this residence offers both space, comfort, and room for an ADU. Separate fenced

    Melanie Villanueva Achievers Realty Group

    Section Image
  • 295 N 16th St, San Jose, CA 95112

    $999,000

    • 4 Beds
    • 2 Baths
    • 1,658 Sq Ft
    • 295 N 16th St
    • San Jose, CA

    Charming Duplex in Prime San Jose Location Excellent Investment Opportunity! Welcome to 295 N 16th St, a beautifully updated duplex located in a desirable neighborhood of San Jose. This versatile property offers two spacious units, each generating $3,000/month in rental incomefor a total of $6,000/month. Whether youre looking to live in one unit and rent out the other, or rent both for strong

    Thao Dang Block Change Real Estate

    Section Image
  • 508 & 510 E Reed St, San Jose, CA 95112

    $999,950

    • 2 Beds
    • 3 Baths
    • 2,080 Sq Ft
    • 508 & 510 E Reed St
    • San Jose, CA

    Opportunity knocking for this classic 2 story Tudor style duplex. Loads of character and charm with wood floors, coved ceilings, built-ins, arches, and more. Partial finished basement, updated electrical panels and wiring, painted within last 3 years,1-car detached garage for downstairs unit 508 plus this unit has 2 bathrooms-hallway & off bedroom. 508 also has separate dining room and breakfast

    David Verbera Realty World Villa California

    Section Image
  • 395 Hans Way, San Jose, CA 95133

    $850,000

    • 3 Beds
    • 2.5 Baths
    • 1,431 Sq Ft
    • 395 Hans Way
    • San Jose, CA

    Discover this move-in-ready 3-Bedroom / 2.5-Bath contemporary townhome offering approximately 1,431 square feet of comfortable living space. Great Access to Anywhere in the Bay Area, this home features dual-pane windows, beautiful wood flooring, and an updated kitchen with marble countertops, stylish backsplash, and modern finishes. All appliances are included for your convenience! Enjoy low HOA

    Christopher Vargas eXp Realty of California Inc.

    Section Image
  • 896 S Almaden Ave, San Jose, CA 95110

    $999,000

    • 3 Beds
    • 2 Baths
    • 2,197 Sq Ft
    • 896 S Almaden Ave
    • San Jose, CA

    Prime investment opportunity in the heart of San Jose! 896 S Almaden Ave is a versatile mixed-use property featuring three income-generating units-one residential and two retail spaces offering incredible potential for investors or owner-users. One of the retail units has fire damage, presenting a great value-add opportunity for buyers looking to renovate and increase equity. Situated in a

    Tim Truong Real Estate Avenue

    Section Image
  • 219 E Saint John St, San Jose, CA 95112

    $1,188,000

    • 4 Beds
    • 3 Baths
    • 1,920 Sq Ft
    • 219 E Saint John St
    • San Jose, CA

    This triplex offers an excellent investment opportunity in vibrant downtown San Jose. Having been professionally managed, this 3 unit mix includes two 1 bedroom / 1 bathroom units and one 2 bedroom / 1 bathroom unit for a total size of 1,920 square feet. All units have been remodeled with new kitchens and baths. Secured gated entry and private entrances to each unit. Garage parking for 2 cars

    Betty Leung Intero Real Estate Services

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Nguyen Chanh P $917,000 Old Republic Title
Terraces Jason -- None Available
Terraces Rosaura -- North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nguyen Chanh P $350,000
Previous Owner Terraces Rosaura $245,000
Previous Owner Terraces Rosaura $300,000
Previous Owner Terraces Rosaura $250,000
Previous Owner Terraces Rosaura $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2023 03/21/23 Sold $917,000 +1.9% $588 / Sq Ft
02/22/2023 02/22/23 Pending -- -- --
02/14/2023 02/14/23 For Sale $900,000 -- $577 / 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
2024 $13,745 $935,340 $607,920 $327,420
2023 $4,019 $182,112 $52,787 $129,325
2022 $3,945 $178,542 $51,752 $126,790
2021 $3,783 $175,042 $50,738 $124,304
2020 $3,668 $173,248 $50,218 $123,030
2019 $3,555 $169,852 $49,234 $120,618
2018 $3,491 $166,522 $48,269 $118,253
2017 $3,477 $163,258 $47,323 $115,935
2016 $3,290 $160,058 $46,396 $113,662
2015 $3,269 $157,655 $45,700 $111,955
2014 $2,821 $154,567 $44,805 $109,762
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81918838

MLSListings

APN: 486-05-056