NOT LISTED FOR SALE

Estimated Value: $897,000 - $1,013,000

3 Beds
3 Baths
1,100 Sq Ft
$868/Sq Ft Est. Value

Last Sold October 14, 2022

Last sale price $855,000 $777 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $6,260/month

19 Days on Market

Highlights

  • Tile Flooring
  • Washer and Dryer
  • 1-Story Property
  • Forced Air Heating System

About This Home

As of October 2022

Welcome home to this Awesome Duplex in the heart of San Jose. Offer Due Date - Monday September 12, 2022 @ 2:00 pm. All disclosures and reports available. Submit a pre-emptive offer to stop the offer due date. Contact for further information. In Unit 1 you will find a spacious floor plan with 2 oversized bedrooms, a separate living room, brand new flooring & electrical throughout, and an updated bathroom. Enjoy your morning coffee or entertain your friends in the private enclosed backyard. Unit 2 boasts a brand new master bathroom, comfortable living area, and private backyard. The massive garage can be used for parking or another living area. All of your basic needs, and then some, just around the corner include Sprouts, Target, Trader Joes, restaurants, and more. With all this property provides, its hard not to fall in love with it!

Last Agent to Sell the Property

Gabriel Reyes

Intero Real Estate Services License #00911855 Listed on: 08/25/2022

Intero Real Estate Services

Co-Listed By

Michael Reyes

Intero Real Estate Services License #01936496

Last Buyer's Agent

Eileen Zhang

Morgan Real Estate License #01930618

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,798

Year Built

  • 1901

Lot Details

  • 5,040

Parking

  • 1 Car Garage
  • On-Street Parking

Home Design

  • Duplex
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,100 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer

Flooring

  • Tile
  • Vinyl

Additional Features

  • 5,040 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $60,000

Community Details

Overview

  • 1,100 Sq Ft Building

Building Details

  • Operating Expense $22,500
  • Gross Income $60,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,798

Year Built

1901

Lot Details

0

Parking

1

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Age: 121
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1100
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1901

Interior Features

  • Living Sq Ft: 1100
  • Stories: 1
  • Laundry: Hookups Only, Washer/Dryer - Some Units
  • Flooring: Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 3
  • Garage Parking Features: Attached Garage, On Street, Room For Oversized Vehicle

Utilities

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

Schools

  • School District: San Jose Unified

Lot Info

  • Lot Acres: 0.1157
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5040.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5040.00

Rental Info

  • Existing Lease Term(s): Building Vacant
  • Gross Rent Multiplier: 14.17

Multi Family

  • Utilities: Public Utilities
  • Expenses Total: 22500
  • Income Annual Gross: 60000.00
  • Income Annual Rental: 60000
  • Income Gross Scheduled: 60000
  • Income Includes: Lease
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2022
Closed on
Oct 12, 2022
Sold by
Guillermo And Lucy Schmidt Revocable Tru
Bought by
Zhou Lorna and Najar Christopher Steven
Seller's Agent
Gabriel Reyes
Intero Real Estate Services
Buyer's Agent
Eileen Zhang
Morgan Real Estate
List Price
$850,000
Sold Price
$855,000
Premium/Discount to List
$5,000
0.59%
Views
43
Current Estimated Value
$954,988

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,988
Avg. Annual Appreciation
3.91%
Original Mortgage
$619,500
Outstanding Balance
$596,067
Interest Rate
5.66%
Mortgage Type
New Conventional
Estimated Equity
$358,921

Purchase Details

Closed on
Aug 16, 2018
Sold by
Schmidt Guillermo F
Bought by
Schmidt Guillermo G and Schmidt Lucy M

Purchase Details

Closed on
Mar 1, 1996
Sold by
Barreto John and Barreto Goarete
Bought by
Schmidt Guillermo G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,700
Interest Rate
7.01%
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
Zhou Lorna $885,000 Orange Coast Title
Schmidt Guillermo G -- None Available
Schmidt Guillermo G $165,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhou Lorna $619,500
Previous Owner Schmidt Guillermo G $60,000
Previous Owner Schmidt Guillermo G $40,000
Previous Owner Schmidt Guillermo G $200,000
Previous Owner Schmidt Guillermo G $310,000
Previous Owner Schmidt Guillermo G $100,000
Previous Owner Schmidt Guillermo G $256,000
Previous Owner Schmidt Guillermo G $50,000
Previous Owner Schmidt Guillermo $181,000
Previous Owner Schmidt Guillermo G $60,000
Previous Owner Schmidt Guillermo G $184,875
Previous Owner Schmidt Guillermo G $30,000
Previous Owner Schmidt Guillermo G $123,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2022 10/14/22 Sold $855,000 +0.6% $777 / Sq Ft
09/13/2022 09/13/22 Pending -- -- --
08/25/2022 08/25/22 For Sale $850,000 -- $773 / 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 $12,798 $920,754 $691,866 $228,888
2024 $12,798 $902,700 $678,300 $224,400
2023 $12,527 $885,000 $665,000 $220,000
2022 $5,289 $258,269 $172,185 $86,084
2021 $5,091 $253,206 $168,809 $84,397
2020 $4,876 $250,611 $167,079 $83,532
2019 $4,720 $245,698 $163,803 $81,895
2018 $4,554 $240,882 $160,592 $80,290
2017 $4,492 $236,160 $157,444 $78,716
2016 $4,322 $231,530 $154,357 $77,173
2015 $4,276 $228,053 $152,039 $76,014
2014 $3,386 $223,586 $149,061 $74,525
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81900002

MLSListings

APN: 467-10-028