NOT LISTED FOR SALE

Estimated Value: $1,571,621 - $1,899,000

7 Beds
3 Baths
2,040 Sq Ft
$844/Sq Ft Est. Value

Sale Details

Date Sold: May 15, 2024

Last sale price $1,512,500 $741 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $9,435 / mo

140 Days on Market

About This Home

As of May 2024

This single-family home is legally permitted as SRO single room occupancy. Approved by the city to be rented each room separately. Property just a few blocks from San Jose State University. This is a nice and clean two story, 7 bed/ 3 bath with total living space 2,040 SqFt,(Plus 2 bonus finish rooms in basement) . Large lot just over 6,500 SqFt. Currently renting to 7 different students with great rental income! Current Monthly Income is $6887. Each room has its own refrigerator. Plenty of room in the back for ADU.Conveniently located nearby Downtown San Jose, Walmart SuperCenter, Happy Hollow Park & Zoo, plenty of shops and restaurants. Easy access to Highway 87, 280 and 680. As apartment rent rates continue to rise, more and more demand shows for single room rentals and especially near the college school campus area!

Last Agent to Sell the Property

Mike Magen & Magen Group

Probity Real Estate License #01911743 Listed on: 11/08/2023

Probity Real Estate

Last Buyer's Agent

Steven Wen

Keller Williams Thrive License #02024615

Keller Williams Thrive

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1903

Lot Details

  • 6,586 Sq Ft Lot
  • Zoning described as R1

Home Design

  • Raised Foundation
  • Shingle Roof

Interior Spaces

  • 2,040 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Crawl Space

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Parking

  • Carport
  • No Garage
  • On-Street Parking

Listing and Financial Details

  • Assessor Parcel Number 467-41-045

Home Details

Home Type

Single Family

Year Built

Built in 1903

Lot Details

6,586 Sq Ft Lot

Listing Details

  • Subclass: Single Family Home
  • Listing Class: Residential
  • Structure Sq Ft: 2040
  • Year Built: 1903
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Living Sq Ft: 2040
  • Stories: 2
  • Fireplaces Min: 1
  • Full Bathrooms: 3
  • Total Bedrooms: 7
  • Fireplace: Yes

Exterior Features

  • Foundation: Crawl Space, Raised
  • Roof: Shingle

Garage/Parking

  • Garage Parking Features: Carport, No Garage, On Street

Utilities

  • Sewer/Septic System: Sewer - Public

Lot Info

  • Parcel Number: 467-41-045
  • Lot Acres: 0.1512
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6585.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6585.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: San Jose Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2023
Closed on
May 10, 2024
Sold by
Wagner Peary G
Bought by
Ken And Yunyun Chen Family Trust and Chen
Seller's Agent
Mike Magen & Magen Group
Probity Real Estate
Buyer's Agent
Steven Wen
Keller Williams Thrive
List Price
$1,800,000
Sold Price
$1,512,500
Premium/Discount to List
-$287,500
-15.97%
Views
416
Current Estimated Value
$1,721,155

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$208,655
Avg. Annual Appreciation
6.93%
Original Mortgage
$766,000
Outstanding Balance
$752,263
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
$968,892
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Ken And Yunyun Chen Family Trust $1,512,500 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ken And Yunyun Chen Family Trust $766,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2024 05/15/24 Sold $1,512,500 -11.0% $741 / Sq Ft
03/27/2024 03/27/24 Pending -- -- --
01/24/2024 01/24/24 Price Changed $1,699,999 -5.6% $833 / Sq Ft
11/08/2023 11/08/23 For Sale $1,800,000 -- $882 / Sq Ft
Source: MLSListings

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 $4,476 $1,542,750 $1,224,000 $318,750
2024 $4,476 $212,541 $99,552 $112,989
2023 $4,476 $208,374 $97,600 $110,774
2022 $4,884 $204,289 $95,687 $108,602
2021 $3,906 $200,284 $93,811 $106,473
2020 $4,268 $198,232 $92,850 $105,382
2019 $5,422 $194,346 $91,030 $103,316
2018 $5,026 $190,537 $89,246 $101,291
2017 $4,508 $186,802 $87,497 $99,305
2016 $4,448 $183,140 $85,782 $97,358
2015 $4,829 $180,390 $84,494 $95,896
2014 $4,605 $176,857 $82,839 $94,018
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81945423

MLSListings

APN: 467-41-045

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