$300,000
SOLD DEC 12, 2024

259 N Capitol Ave Unit 171 San Jose, CA 95127

Alum Rock Neighborhood
2 Beds
1 Bath
828 Sq Ft
$486/mo HOA Fee

Recently Sold

$362 Per Sq Ft

25% Below List Price

16 Days on Market

Highlights

  • Fitness Center
  • 5-minute walk to Mckee Station
  • Clubhouse
  • In Ground Pool
  • Gated Community
  • Contemporary Architecture

About This Home

As of December 2024

Investor Alert! Located in the Mission Grove gated community, this ground floor 2 bed / 1bath condo features include a covered patio, great flowing open floor plan 1 assigned car carport space with plenty of visitor parking available. Low HOA dues with full amenities including pool/spa, gym, clubhouse, onsite management, laundry facilities and gated entry with 24/7 security. Dues cover water, trash, exterior landscaping. One small pet allowed in complex. New buyer will assume tenancy and repair of existing water damage from upper unit. Easy access to all you need -freeway access, schools, park, transportation (including VTA Light Rail train station), shops & restaurants. Probate sale sold AS IS with NO court confirmation required.

Last Agent to Sell the Property

Thomas Martin

Thomas Glenn Martin Brokerage Email: tom@martins-realty.com License #01957249 Listed on: 10/24/2024

Last Buyer's Agent

Frank McCue

License #01119149

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,198

Year Built

  • Built in 1977

HOA Fees

  • $486 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Detached Carport Space
  • Parking Available
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Fixer Upper
  • Slab Foundation
  • Stucco

Interior Spaces

  • 828 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Eat-In Kitchen
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 1 Full Bathroom
  • Bathtub with Shower

Pool

  • In Ground Pool
  • In Ground Spa

Outdoor Features

  • Covered Patio or Porch
  • Exterior Lighting

Utilities

  • Cooling Available
  • Forced Air Heating System

Additional Features

  • Two or More Common Walls
  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 1 / 21
  • Tax Tract Number 7452
  • Assessor Parcel Number 48409267

Community Details

Overview

  • 420 Units
  • Mission Grove Association, Phone Number (408) 923-9323
  • Mission Grove HOA

Amenities

  • Clubhouse
  • Laundry Facilities

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Security

  • Security Service
  • Resident Manager or Management On Site
  • Controlled Access
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,198

Year Built

Built in 1977

Lot Details

0

HOA Fees

$486 per month

Parking

1

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Security: Gated Community
  • View: No
  • Zoning: APD
  • Architectural Style: Contemporary
  • Property Condition: Fixer
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 48409267
  • Year Built: 1977
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 828.00 Square Feet
  • Stories: 1
  • Entry Location: Ground floor
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Area
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 362.32
  • Room Type: Kitchen, Living Room, Walk-In Closet
  • Spa Features: Community, In Ground
  • Bathroom Features: Shower In Tub

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Patio And Porch Features: Concrete, Covered, Patio
  • Pool Features: Community, In Ground
  • Pool Private: No
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Detached Carport, Covered
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Gym/Ex Room, Clubhouse, Trash, Water, Management, Security, Controlled Access
  • Association Fee: 486.00
  • Association Fee Frequency: Monthly
  • Association Name: Mission Grove
  • Phone: (408)923-9323
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Street Lights, Urban
  • Association Management: Mission Grove HOA

Schools

  • School District: San Jose Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 420
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 21
  • Tax Census Tract: 5037.13
  • Tax Lot: 1
  • Tax Tract Number: 7452

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2024
Closed on
Dec 2, 2024
Sold by
Nelson Robert and Nelson Angela
Bought by
Flaniken John
Seller's Agent
Thomas Martin
Thomas Glenn Martin
Buyer's Agent
Frank McCue
List Price
$400,000
Sold Price
$300,000
Premium/Discount to List
-$100,000
-25%
Views
38
Current Estimated Value
$378,907

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,907
Avg. Annual Appreciation
38.31%

Purchase Details

Closed on
Jan 15, 2003
Sold by
Yassin Mahmoud
Bought by
Nelson Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
7.3%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $300,000 First American Title
Grant Deed $300,000 First American Title
Grant Deed -- First American Title
Grant Deed $240,000 Stewart Title Of California
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $217,500 Stand Alone First
Previous Owner $216,000 No Value Available
Previous Owner $40,000 Credit Line Revolving
Previous Owner $25,000 Credit Line Revolving
Previous Owner $160,000 Unknown
Previous Owner $40,000 Stand Alone Second
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2024 12/12/24 Sold $300,000 -25.0% $362 / Sq Ft
11/09/2024 11/09/24 Pending -- -- --
10/24/2024 10/24/24 For Sale $400,000 -- $483 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $5,198 $300,000 $150,000 $150,000
2024 $5,198 $340,762 $136,302 $204,460
2023 $5,097 $334,081 $133,630 $200,451
2022 $5,011 $327,531 $131,010 $196,521
2021 $4,854 $321,110 $128,442 $192,668
2020 $4,800 $317,818 $127,125 $190,693
2019 $4,686 $311,587 $124,633 $186,954
2018 $4,633 $305,479 $122,190 $183,289
2017 $4,653 $299,491 $119,795 $179,696
2016 $4,351 $291,000 $116,300 $174,700
2015 $4,143 $271,000 $108,400 $162,600
2014 $3,785 $248,000 $99,200 $148,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW24218777

California Regional Multiple Listing Service (CRMLS)

APN: 484-09-267