NOT LISTED FOR SALE

1735 S Springer Rd Mountain View, CA 94040

Blossom Valley Neighborhood

Estimated Value: $3,154,000 - $4,178,165

3 Beds
3 Baths
1,760 Sq Ft
$2,041/Sq Ft Est. Value

Last Sold November 17, 2016

Last sale price $1,480,990 $841 Per Sq Ft

Est. 154% increase in value since last sale

Current estimated payment $22,113/month

8 Days on Market

Highlights

  • Contemporary Architecture
  • Wood Flooring
  • 2 Car Detached Garage
  • Springer Elementary School Rated A+
  • Garden View
  • Fireplace

About This Home

As of November 2016

This property is a FIXER UPPER and depending on the buyer a possible tear down option to build a meangiful size family home would be plausible. Alternatively, the 2 bedroom 2 bath unit could be an owner's unit renting out the 1 bedroom 1 bath unit or renting both units as a long term investment. Notwithstanding, the duplex is being sold as is with buyer inspections and no abatements. The current tenants have been living in the duplex for approximately 5 years and are prepared to move out within 60 days depending on the buyer's objectives with the property. The duplex requires substantial updating including electrical, plumbing, mechanical, windows and a possible new roof. The property is in a sought after mature neighborhood of Mountain View adjacent to a grammar school and close access to 280 and Foothill Expressway. Easy drive to Stanford Hospital, University Shopping Center and VA Hospital.

Last Agent to Sell the Property

Frank Finelli

Third Wave Realty Company License #01210315 Listed on: 11/04/2016

Last Buyer's Agent

Saria Tseng

Quartz Realty License #01941132

Property Details

Home Type

  • Multi-Family

Year Built

  • 1957

Lot Details

  • 6,839 Sq Ft Lot
  • Fenced
  • Level Lot
  • Sprinkler System
  • Back Yard

Parking

  • 2 Car Detached Garage
  • On-Street Parking
  • Uncovered Parking

Home Design

  • Duplex
  • Contemporary Architecture
  • Post and Beam
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,760 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Garden Views
  • Crawl Space
  • Washer and Dryer

Kitchen

  • Electric Oven
  • Dishwasher
  • Laminate Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $43,290

Community Details

Building Details

  • 2 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $1,800
  • Maintenance Expense $900
  • Manager Expense $3,137
  • Other Expense $4,367
  • Operating Expense $13,430
  • Gross Income $43,290

Additional Features

  • 1,760 Sq Ft Building
  • Courtyard

Property Details

Home Type

Multi-Family

Year Built

1957

Lot Details

0

Parking

2

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Style: Contemporary, Ranch
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1760
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1957

Interior Features

  • Kitchen: Countertop - Laminate, Dishwasher, Exhaust Fan, Garbage Disposal, Oven Range - Electric, Refrigerator
  • Living Sq Ft: 1760
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Hardwood, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter, Crawl Space, Post And Beam, Wood Frame
  • Roof: Composition
  • View: Garden / Greenbelt
  • Yard/Grounds: Back Yard, Courtyard, Fenced, Sprinklers - Lawn
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Detached Garage, On Street, Parking Area, Uncovered Parking, Undersized

Utilities

  • Heating System: Central Forced Air, Fireplace, Gas
  • Sewer/Septic System: Sewer - Public, Sewer Connected, Sewer In Street

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1570
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6825.85
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6825.85

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 34.07
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities
  • Expense Insurance: 1800
  • Expense Landscape: 1200
  • Expense Maintenance: 900
  • Expense Management: 3137
  • Expenses Other: 4367
  • Expenses Total: 13430
  • Income Annual Gross: 43290.00
  • Income Annual Rental: 43290
  • Income Gross Scheduled: 43290
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Loan - Interest Only Payment, Maintenance, Maintenance - Repair, Miscellaneous/Other, Services - Gardener, Supplies
  • Tenant Expenses: Miscellaneous/Other, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 19, 2019
Sold by
Shih Jimmy and Lin Wynee
Bought by
Shih Jimmy and Lin Wynee
Current Estimated Value
$3,755,795

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Outstanding Balance
$158,323
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$3,432,968

Purchase Details

Closed on
Aug 16, 2019
Sold by
Shih Jimmy and Lin Wynee
Bought by
Shih Jimmy and Lin Wynee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Outstanding Balance
$158,323
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$3,432,968

Purchase Details

Closed on
Jan 18, 2019
Sold by
Shih Jimmy and Lin Wynee
Bought by
Shih Jimmy and Lin Wynee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 4, 2016
Closed on
Nov 15, 2016
Sold by
Augustine Theresa A and Augustine Anthony
Bought by
Shih Jimmy and Lin Wynee
Seller's Agent
Frank Finelli
Third Wave Realty Company
Buyer's Agent
Saria Tseng
Quartz Realty
List Price
$1,475,000
Sold Price
$1,480,990
Premium/Discount to List
$5,990
0.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.13%

Purchase Details

Closed on
Jun 16, 2000
Sold by
Maclaren Patricia M and Maclaren Theresa A
Bought by
Augustine Theresa A and Augustine Anthony

Purchase Details

Closed on
Jun 23, 1994
Sold by
Maclaren Patricia M
Bought by
Maclaren Patricia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,000
Interest Rate
8.38%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Shih Jimmy -- Chicago Title Company
Shih Jimmy -- Chicago Title Company
Shih Jimmy -- Chicago Title Co
Shih Jimmy -- Chicago Title Co
Shih Jimmy $1,481,000 Fidelity National Title Co
Augustine Theresa A -- --
Maclaren Patricia M -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shih Jimmy $240,000
Closed Shih Jimmy $297,000
Previous Owner Maclaren Patricia M $28,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2016 11/17/16 Sold $1,480,990 +0.4% $841 / Sq Ft
11/12/2016 11/12/16 Pending -- -- --
11/04/2016 11/04/16 For Sale $1,475,000 -- $838 / 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 $32,016 $2,797,539 $1,718,813 $1,078,726
2024 $32,016 $2,742,686 $1,685,111 $1,057,575
2023 $31,588 $2,688,909 $1,652,070 $1,036,839
2022 $31,339 $2,636,186 $1,619,677 $1,016,509
2021 $31,515 $2,584,497 $1,587,919 $996,578
2020 $31,771 $2,557,997 $1,571,637 $986,360
2019 $30,294 $2,507,841 $1,540,821 $967,020
2018 $21,373 $1,730,609 $1,510,609 $220,000
2017 $18,070 $1,480,990 $1,480,990 $0
2016 $2,045 $98,702 $37,250 $61,452
2015 $2,026 $97,220 $36,691 $60,529
2014 $2,014 $95,317 $35,973 $59,344
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2016

    Frank Finelli

    Third Wave Realty Company

    (408) 395-8772

    Frank Finelli
    Section Image

  • S

    Buyer's Agent in 2016

    Saria Tseng

    Quartz Realty

See All Agents

Map

Source: MLSListings

MLS Number: ML81629460

MLSListings

APN: 189-23-009

California Santa Clara County Mountain View 94024 Blossom Valley

1735 S Springer Rd, Mountain View, CA

Not Listed for Sale

MultiFamily

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