NOT LISTED FOR SALE

1518 Lexington Dr San Jose, CA 95117

Castlemont Neighborhood
6 Beds
5 Baths
2,640 Sq Ft
7,013 Sq Ft Lot

Last Sold May 12, 2016

Last sale price $1,180,000 $447 Per Sq Ft

73 Days on Market

About This Home

As of May 2016

West SJ duplex within a single family neighborhood. Both units are Spacious 2-story town-home units with functional floor plans. Rare unit mix of one 4 bed/2.5 bath & one 2 bed/1.5 bath Each unit has electric heating, D/W, private laundry hookup, private yard and garage plus additional on-site parking. Both units are well maintained with significant upgrades. Outstanding location attracts professional high tech tenants. Less than 2 miles from Santana Row and Valley Fair. Close proximity to Highways 280 & 17. New San Jose Apple campus was recently approved-could bring 16,000 jobs to San Jose. San Jose 's population exceeded 1 million persons last year.Strong rental location with upside potential.

Last Agent to Sell the Property

Patrick Conkin

Intero Real Estate Services License #00922897 Listed on: 02/03/2016

Intero Real Estate Services

Last Buyer's Agent

Patrick Conkin

Intero Real Estate Services License #00922897 Listed on: 02/03/2016

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • 1965

Lot Details

  • 7,013 Sq Ft Lot

Parking

  • 2 Car Garage
  • 3 Carport Spaces
  • On-Street Parking
  • Assigned Parking

Home Design

  • Duplex
  • Shake Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,640 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Utilities

  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $66,564

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $1,500
  • Maintenance Expense $1,000
  • Utility Expense $840
  • Trash Expense $744
  • Operating Expense $20,084
  • Gross Income $66,564

Property Details

Home Type

Multi-Family

Year Built

1965

Lot Details

0

Parking

2

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Age: 51
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2640
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1965

Interior Features

  • Living Sq Ft: 2640
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Shake

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 3
  • Garage Parking Features: Assigned Spaces, Attached Garage, On Street
  • Carport Min: 3

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Electric
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Campbell Union High

Lot Info

  • Lot Acres: 0.1610
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7000.09
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7000.09

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr
  • Gross Rent Multiplier: 18.76
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1500
  • Expense Maintenance: 1000
  • Expenses Total: 20084
  • Expenses Utility: 840
  • Expense Trash: 744
  • Income Annual Gross: 66564.00
  • Income Annual Rental: 66564
  • Income Gross Scheduled: 66564
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Maintenance - Repair, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating

Range of Values:

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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
05/12/2016 05/12/16 Sold $1,180,000 -5.5% $447 / Sq Ft
04/17/2016 04/17/16 Pending -- -- --
02/03/2016 02/03/16 For Sale $1,249,000 -- $473 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Patrick Conkin

    Seller's Agent in 2016

    Patrick Conkin

    Intero Real Estate Services

    (408) 863-3197

    1 in this area

    13 Total Sales

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Map

Source: MLSListings

MLS Number: ML81549310

MLSListings

APN: 305-05-020

California Santa Clara County San Jose 95117 Castlemont

1518 Lexington Dr, San Jose, CA

This home is located at 1518 Lexington Dr, San Jose, CA 95117 since 03 February 2016. This property was built in 1965. 1518 Lexington Dr is a home located in Santa Clara County with nearby schools including Rosemary Elementary School, Westmont High School, and Castlemont Elementary School.

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