NOT LISTED FOR SALE
4 Beds
4 Baths
3,642 Sq Ft
9,444 Sq Ft Lot

Sale Details

Date Sold: July 10, 2019

Last sale price $1,590,000 $437 Per Sq Ft

12 Days on Market

Highlights

  • Victorian Architecture
  • Forced Air Heating System
  • 3-minute walk to O'Donnell Garden Park
  • 2 Car Detached Garage

About This Home

As of July 2019

A stunning opportunity to invest in this timeless 1898 Queen Ann Victorian in downtown San Jose. This stunning building shines with 4 units, each 1 bedroom, 1 bath. Enter through the main front door and step back in time into the formal foyer with multiple layers of woodwork, detailed trim and custom touches and the grand staircase feature. The overall large square footage makes for 4 very spacious apartments with hardwood floors and streaming natural lights. Some units even have the original stain glass windows! The huge basement features tons of storage and laundry for the tenants use. This large corner lot has mature trees, grass, a detached carriage house with workshop and lots of storage and space for plenty of parking.

Last Agent to Sell the Property

Lynsie Gridley

Compass License #01349340 Listed on: 05/22/2019

Compass

Last Buyer's Agent

Rayyan Fani

Keller Williams Palo Alto License #01951679

Keller Williams Palo Alto
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Property Details

Home Type

  • Multi-Family

Year Built

  • 1898

Lot Details

  • 9,444 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Quadruplex
  • Victorian Architecture
  • Combination Foundation
  • Composition Roof

Interior Spaces

  • 3,642 Sq Ft Home
  • 2-Story Property

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $97,536
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 3 Leased Units
  • Gardener Expense $960
  • Insurance Expense $2,850
  • Utility Expense $309
  • Trash Expense $1,230
  • Operating Expense $23,349
  • Gross Income $97,536

Property Details

Home Type

Multi-Family

Year Built

1898

Lot Details

9,444 Sq Ft Lot

Parking

2

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Style: Victorian
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3642
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1898

Interior Features

  • Living Sq Ft: 3642
  • Stories: 2

Exterior Features

  • Foundation: Combination
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 4
  • Garage Parking Features: Common Parking Area, Detached Garage

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.2168
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9442.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9442.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 15.37
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 2850
  • Expense Landscape: 960
  • Expenses Total: 23349
  • Expenses Utility: 309
  • Expense Trash: 1230
  • Income Annual Gross: 97536.00
  • Income Annual Rental: 97536
  • Income Gross Scheduled: 97536
  • Income Includes: Lease
  • Meters: Master Gas, Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Gardener, Services - Trash Removal
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water

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 22, 2019
Closed on
Jul 8, 2019
Sold by
Bought by
Seller's Agent
Lynsie Gridley
Compass
Buyer's Agent
Rayyan Fani
Keller Williams Palo Alto
List Price
$1,499,000
Sold Price
$1,590,000
Premium/Discount to List
$91,000
6.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$980,000
Outstanding Balance
$841,431
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 28, 2017
Closed on
Jun 7, 2017
Sold by
Bought by
Seller's Agent
Cristina Gonzalez
Compass
Buyer's Agent
Reza Mazaheri
Compass
List Price
$1,098,000
Sold Price
$1,250,000
Premium/Discount to List
$152,000
13.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.33%
Original Mortgage
$460,000
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 19, 1998
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,500
Interest Rate
6.91%

Purchase Details

Closed on
Apr 25, 1996
Sold by
Bought by

Purchase Details

Closed on
Jan 4, 1996
Sold by
Bought by

Purchase Details

Closed on
Sep 12, 1995
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$1,580,000 Cornerstone Title Company
$1,250,000 Old Republic Title Company
-- North American Title Co
$222,000 American Title Ins Co
$218,057 Fidelity National Title Ins
-- --
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 $980,000
Previous Owner $460,000
Previous Owner $450,000
Previous Owner $100,000
Previous Owner $347,000
Previous Owner $150,000
Previous Owner $189,500
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 Prior Sale
07/10/2019 07/10/19 Sold $1,590,000 +6.1% $437 / Sq Ft
06/04/2019 06/04/19 Pending -- -- --
05/22/2019 05/22/19 For Sale $1,499,000 +19.9% $412 / Sq Ft
06/16/2017 06/16/17 Sold $1,250,000 +13.8% $343 / Sq Ft View Prior Sale
05/09/2017 05/09/17 Pending -- -- --
04/28/2017 04/28/17 For Sale $1,098,000 -- $301 / 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 $25,639 $2,201,586 $1,254,957 $946,629
2025 $25,639 $1,727,957 $1,230,350 $497,607
2024 $24,193 $1,694,076 $1,206,226 $487,850
2023 $23,669 $1,660,860 $1,182,575 $478,285
2022 $23,408 $1,628,295 $1,159,388 $468,907
2021 $22,823 $1,596,368 $1,136,655 $459,713
2020 $21,637 $1,580,000 $1,125,000 $455,000
2019 $18,236 $1,300,500 $925,956 $374,544
2018 $18,023 $1,275,000 $907,800 $367,200
2017 $7,564 $389,275 $177,010 $212,265
2016 $7,332 $381,643 $173,540 $208,103
2015 $7,248 $375,912 $170,934 $204,978
2014 $5,888 $368,549 $167,586 $200,963
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81753132

MLSListings

APN: 472-28-036

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