$1,078,000
SOLD JUL 22, 2016

3101 Laneview Dr San Jose, CA 95132

Morrill Neighborhood
5 Beds
3 Baths
2,248 Sq Ft
7,275 Sq Ft Lot

Recently Sold

$480 Per Sq Ft

3% Above List Price

18 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Laneview Elementary School Rated A-
  • 1-Story Property

About This Home

As of June 2023

Excellent opportunity to acquire a well maintained duplex on the San Jose / Milpitas border. These large units benefit from many recent improvements including updated kitchens and bathrooms, laminate wood flooring, copper plumbing throughout, central heating and A/C and dual paned windows. The property is located moments to the new Milpitas BART Station, Berryessa Creek Park, 680 and 880 freeways, and many retail amenities.

Last Agent to Sell the Property

Joel Hopman

Cushman & Wakefield License #01934574 Listed on: 06/29/2016

Co-Listed By

Justin Bautista

Cassidy Turley Northern California, Inc. License #01268331

Last Buyer's Agent

Mimi Du

Realty World-SVI Group License #01304977

Realty World-SVI Group

Property Details

Home Type

  • Multi-Family

Year Built

  • 1965

Lot Details

  • 7,275 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,248 Sq Ft Home
  • 1-Story Property

Utilities

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

Listing and Financial Details

  • Total Actual Rent $63,360

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $600
  • Insurance Expense $795
  • Maintenance Expense $1,500
  • Operating Expense $17,754
  • Gross Income $61,459

Property Details

Home Type

Multi-Family

Year Built

1965

Lot Details

0

Parking

2

Listing Details

  • Zoning: R-2
  • Subclass: Duplex
  • Age: 51
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2248
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1965

Interior Features

  • Living Sq Ft: 2248
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

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

Schools

  • School District: East Side Union High

Lot Info

  • Lot Acres: 0.1670
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7283.23
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7283.23

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr, Month To Month
  • Gross Rent Multiplier: 16.57
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 795
  • Expense Landscape: 600
  • Expense Maintenance: 1500
  • Expenses Total: 17754
  • Income Annual Gross: 61459.00
  • Income Annual Rental: 63360
  • Income Gross Scheduled: 63360
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Gardener
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water
  • Vacancy Factor: 3

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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

Property History

Date Event Price Change Sq Ft Price
06/20/2023 06/20/23 Sold $1,500,000 -5.1% $667 / Sq Ft
05/29/2023 05/29/23 Pending -- -- --
05/15/2023 05/15/23 For Sale $1,580,000 0.0% $703 / Sq Ft
05/12/2023 05/12/23 Pending -- -- --
05/06/2023 05/06/23 Price Changed $1,580,000 -6.0% $703 / Sq Ft
04/28/2023 04/28/23 For Sale $1,680,000 +55.8% $747 / Sq Ft
07/22/2016 07/22/16 Sold $1,078,000 +2.7% $480 / Sq Ft
07/18/2016 07/18/16 Pending -- -- --
06/29/2016 06/29/16 For Sale $1,050,000 -- $467 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Mimi Du

    Alliance Bay Realty

    Section Image
  • Anh Vu

    Buyer's Agent in 2023

    Anh Vu

    Pacificwide Real Estate & Mortgage

    (408) 921-5335

    1 in this area

    6 Total Sales

    Anh Vu
    Section Image

  • J

    Seller's Agent in 2016

    Joel Hopman

    Cushman & Wakefield

    Section Image

  • J

    Seller Co-Listing Agent in 2016

    Justin Bautista

    Cassidy Turley Northern California, Inc.

    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81592951

MLSListings

APN: 092-20-001

California Santa Clara County San Jose 95132 Morrill

3101 Laneview Dr, San Jose, CA

This home is located at 3101 Laneview Dr, San Jose, CA 95132 and is currently priced at $1,078,000, approximately $479 per square foot. This property was built in 1965. 3101 Laneview Dr is a home located in Santa Clara County with nearby schools including Laneview Elementary School, Morrill Middle School, and Independence High School.

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