NOT LISTED FOR SALE

290 Marylinn Dr Milpitas, CA 95035

Milpitas Area
8 Beds
4 Baths
3,699 Sq Ft
0.25 Acre Lot

Sale Details

Date Sold: June 30, 2021

Last sale price $1,800,000 $487 Per Sq Ft

5 Days on Market

Highlights

  • Storage Room
  • Tile Flooring
  • Fenced
  • Anthony Spangler Elementary School Rated A-
  • Coin Laundry
  • Back Yard

About This Home

As of June 2021

First time on the market in over 40 years! This 4-unit, pride of ownership property, has a fantastic unit mix of (4) 2 bedroom 1 bath units. 3 of the 4 units are townhouse-style, however each unit has their own private yard. The property is situated on an oversized 9,750 sq. ft. corner parcel and boasts an attractive 2:1 parking ratio. 290 Marylinn is conveniently located in close proximity to downtown Milpitas, schools, retail and recreation amenities (Walkscore of 80 "Very Walkable"), numerous Silicon Valley employers, and major transportation arteries such as 880 and 680 freeways, the newly constructed BART Station, and San Jose International Airport. Rarely do properties become available in this desirable neighborhood of Milpitas!

Last Agent to Sell the Property

Matt Murray

Cornish & Carey Commercial License #02083830 Listed on: 05/19/2021

Co-Listed By

Joel Hopman

Newmark Cornish & Carey License #01934574

Last Buyer's Agent

Joel Hopman

Newmark Cornish & Carey License #01934574

Property Details

Home Type

  • Multi-Family

Year Built

  • 1972

Lot Details

  • 11,064 Sq Ft Lot
  • Fenced
  • Back Yard

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,699 Sq Ft Home
  • 2-Story Property
  • Storage Room

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $90,000

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $3,043
  • Maintenance Expense $5,382
  • Utility Expense $6,173
  • Trash Expense $1,427
  • Operating Expense $38,160
  • Gross Income $87,722

Property Details

Home Type

Multi-Family

Year Built

1972

Lot Details

0.25 Acres

Parking

4

Listing Details

  • Zoning: R3S
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3699
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1972

Interior Features

  • Kitchen: Cooktop - Electric, Dishwasher, Garbage Disposal, Oven - Electric, Refrigerator
  • Living Sq Ft: 3699
  • Stories: 2
  • Laundry: Coin Operated
  • Flooring: Carpet, Laminate, Tile, Vinyl / Linoleum
  • Additional Rooms: Storage

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Shingle
  • Yard/Grounds: Back Yard, Fenced

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 4
  • Garage Parking Features: Common Parking Area, Covered Parking

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Gas
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.2540
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 11065.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 11065.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 18.74
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 3043
  • Expense Landscape: 1200
  • Expense Maintenance: 5382
  • Expenses Total: 38160
  • Expenses Utility: 6173
  • Expense Trash: 1427
  • Income Annual Gross: 87722.00
  • Income Annual Rental: 90000
  • Income Gross Scheduled: 90435
  • Income Includes: Laundry
  • Income Other: 435
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2021
Closed on
Jul 1, 2021
Sold by
Bought by
Seller's Agent
Matt Murray
Cornish & Carey Commercial
Buyer's Agent
Joel Hopman
Newmark Cornish & Carey
List Price
$1,695,000
Sold Price
$1,800,000
Premium/Discount to List
$105,000
6.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Outstanding Balance
$931,806
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 19, 2021
Closed on
Jun 29, 2021
Sold by
Bought by
Seller's Agent
Matt Murray
Cornish & Carey Commercial
Buyer's Agent
Joel Hopman
Newmark Cornish & Carey
List Price
$1,695,000
Sold Price
$1,800,000
Premium/Discount to List
$105,000
6.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Outstanding Balance
$931,806
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 7, 2000
Sold by
Bought by

Purchase Details

Closed on
Apr 9, 1998
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
$1,800,000 First American Title Company
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,050,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/30/2021 06/30/21 Sold $1,800,000 +6.2% $487 / Sq Ft
05/25/2021 05/25/21 Pending -- -- --
05/19/2021 05/19/21 For Sale $1,695,000 -- $458 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $22,214 $1,948,377 $1,407,161 $541,216
2025 $19,579 $1,910,174 $1,379,570 $530,604
2024 $19,579 $1,872,720 $1,352,520 $520,200
2023 $21,669 $1,836,000 $1,326,000 $510,000
2022 $21,576 $1,800,000 $1,300,000 $500,000
2021 $4,422 $344,611 $110,265 $234,346
2020 $4,347 $341,079 $109,135 $231,944
2019 $4,301 $334,393 $106,996 $227,397
2018 $4,094 $327,838 $104,899 $222,939
2017 $4,043 $321,411 $102,843 $218,568
2016 $3,880 $315,110 $100,827 $214,283
2015 $3,842 $310,378 $99,313 $211,065
2014 $3,732 $304,299 $97,368 $206,931
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81844578

MLSListings

APN: 022-09-018

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