NOT LISTED FOR SALE

2891 Humbolt Ave Santa Clara, CA 95051

Estimated Value: $904,000 - $2,109,000

4 Beds
2 Baths
1,662 Sq Ft
$1,036/Sq Ft Est. Value

Sale Details

Date Sold: October 2, 2015

Last sale price $1,200,000 $722 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $10,491 / mo

14 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Attached Garage
  • Forced Air Heating System
  • Juan Cabrillo Middle School Rated A
  • Secured Garage or Parking
  • Ceiling Fan

About This Home

As of October 2015

Great investment property! Recently renovated & well-maintained 2 private homes on one large lot. Front home 2891 - 3bd/1ba and back home 2893 - 1bd/1ba. Both with newer kitchen cabinets, engineered hardwood flooring, laminate & tile, recessed lights, ceiling fans, laundry in every unit. Each has a large 1-car garage, private backyard, outside storage sheds & plenty of parking for guests. Clean & neat, close to everything. Live in one and rent the other one to generate your passive income stream!

Last Agent to Sell the Property

Irina Connick

Advanced RES License #01930184 Listed on: 08/11/2015

Advanced RES

Last Buyer's Agent

Troy Bambino

Keller Williams Thrive License #01249582

Keller Williams Thrive

Property Details

Home Type

  • Multi-Family

Year Built

  • 1951

Lot Details

  • 9,235

Parking

  • 2 Car Attached Garage
  • Varies By Unit
  • Workshop in Garage
  • Secured Garage or Parking

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,662 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Washer and Dryer

Kitchen

  • Electric Oven
  • Gas Cooktop
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Laminate
  • Tile

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $58,800

Community Details

Overview

  • 1,662 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Insurance Expense $1,163
  • Operating Expense $5,971
  • Gross Income $58,800

Property Details

Home Type

Multi-Family

Year Built

1951

Lot Details

9,235 Sq Ft Lot

Parking

2

Listing Details

  • Zoning: R1
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1662
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1951

Interior Features

  • Kitchen: Cooktop - Gas, Dishwasher, Exhaust Fan, Garbage Disposal, Oven - Electric, Refrigerator
  • Living Sq Ft: 1662
  • Stories: 1
  • Security: Secured Garage / Parking
  • Laundry: Washer / Dryer
  • Flooring: Hardwood, Laminate, Tile

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 4
  • Garage Parking Features: Attached Garage, Parking Area, Varies By Unit, Workshop In Garage

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Schools

  • High School: 408

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9686.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9686.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 18.69
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1163
  • Expenses Total: 5971
  • Income Annual Gross: 58800.00
  • Income Annual Rental: 58800
  • Income Gross Scheduled: 58800
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Contract Services
  • Tenant Expenses: Utilities - Gas, Utilities - Heating, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 23, 2021
Sold by
Aitharaju Venkata Naga Suresh and Aitharaju Sandhya Suresh
Bought by
Aitharaju Venkata Naga Suresh and Aitharaju Sandya Suresh
Current Estimated Value
$1,722,307

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$766,000
Outstanding Balance
$685,103
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$1,037,204

Purchase Details

Closed on
Feb 27, 2016
Sold by
Aitharaju Venkata Naga Suresh and Aitharaju Sandhya Suresh
Bought by
The Aitharaju Family Trust and Aitharaju Sandhya Suresh

Purchase Details

Listed on
Aug 11, 2015
Closed on
Sep 28, 2015
Sold by
Magalong Gery M and Magalong Roberta M
Bought by
Aitharaju Venkat Naga Suresh and Aitharaju Sandhya
Seller's Agent
Irina Connick
Advanced RES
Buyer's Agent
Troy Bambino
Keller Williams Thrive
List Price
$1,099,000
Sold Price
$1,200,000
Premium/Discount to List
$101,000
9.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.47%
Original Mortgage
$840,000
Interest Rate
5.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 23, 1993
Sold by
Mcgill Ethel Fay
Bought by
Magalong Gery M and Magalong Roberta M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
7.13%
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
Aitharaju Venkata Naga Suresh -- Fidelity National Title Co
Aitharaju Venkata Naga Suresh -- Fidelity National Title Co
The Aitharaju Family Trust -- None Available
Aitharaju Venkat Naga Suresh $1,200,000 Fidelity National Title Co
Magalong Gery M $191,000 Santa Clara Land Title Compa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aitharaju Venkata Naga Suresh $766,000
Closed Aitharaju Venkat Naga Suresh $840,000
Previous Owner Magalong Gery M $155,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/02/2015 10/02/15 Sold $1,200,000 +9.2% $722 / Sq Ft
08/25/2015 08/25/15 Pending -- -- --
08/11/2015 08/11/15 For Sale $1,099,000 -- $661 / 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 $16,317 $1,420,548 $1,006,223 $414,325
2024 $16,317 $1,392,695 $986,494 $406,201
2023 $16,154 $1,365,388 $967,151 $398,237
2022 $15,880 $1,338,617 $948,188 $390,429
2021 $15,820 $1,312,371 $929,597 $382,774
2020 $15,533 $1,298,916 $920,066 $378,850
2019 $15,513 $1,273,448 $902,026 $371,422
2018 $14,512 $1,248,480 $884,340 $364,140
2017 $14,442 $1,224,000 $867,000 $357,000
2016 $14,096 $1,200,000 $850,000 $350,000
2015 $5,065 $415,074 $108,038 $307,036
2014 $4,808 $406,944 $105,922 $301,022
Source: Public Records

Agents Affiliated with this Home

  • I

    Seller's Agent in 2015

    Irina Connick

    Advanced RES

    Section Image

  • T

    Buyer's Agent in 2015

    Troy Bambino

    Keller Williams Thrive

    Section Image
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Map

Source: MLSListings

MLS Number: ML81499115

MLSListings

APN: 290-18-021

California Santa Clara County Santa Clara 95051

2891 Humbolt Ave, Santa Clara, CA

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