R
Seller's Agent in 2020
Robert Moore
Losness Investment Real Estate Corp
319 Lynn Ave Milpitas, CA 95035
5
Beds
3
Baths
2,219
Sq Ft
8,551
Sq Ft Lot
Highlights
- Granite Countertops
- 2 Car Garage
- Tile Flooring
- William Burnett Elementary School Rated A
- Walk-In Closet
- Forced Air Heating System
About This Home
As of July 2020DO NOT DISTURB OCCUPANTS ***Nice unit mix with a 3Bd/2Ba unit and a 2Bd/1Ba unit. Each unit has a garage, a spacious backyard, and its own washer and dryer. ***Both units are occupied - Units are seldom vacant and rent fast. ***$63,240/year current income. Current GRM = 18.80. Current CAP = 3.90% (Proforma CAP = 4.06%). ***Both units were remodeled in the last 24 months. Unit 319 (2BD/1BA), the more fully remodeled unit, has new kitchen & bathroom cabinets, all new Whirlpool appliances, new bathtub, new carpet and new vinyl plank flooring. Unit 321 (3BD/1BA) has new flooring, paint and appliances. -- Assigned Schools William Burnett Elementary (Great Schools Rating: 7) Rancho Milpitas Middle (Great Schools Rating: 7) Milpitas High: (Great Schools Rating: 10)
Last Agent to Sell the Property
Robert Moore
Losness Investment Real Estate Corp License #01908682 Listed on: 06/17/2020
Last Buyer's Agent
Lauren Ronan
Pacific Oak Homes License #02029128
Property Details
Home Type
- Multi-Family
Year Built
- 1971
Lot Details
- 8,551 Sq Ft Lot
- Fenced
- Level Lot
- Back Yard
Parking
- 2 Car Garage
Home Design
- Duplex
- Pillar, Post or Pier Foundation
- Wood Frame Construction
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- Walk-In Closet
- 2,219 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Crawl Space
- Washer and Dryer
Kitchen
- Electric Oven
- Microwave
- Dishwasher
- Granite Countertops
- Disposal
Flooring
- Carpet
- Laminate
- Tile
Utilities
- Forced Air Heating System
- Separate Meters
- Individual Gas Meter
Listing and Financial Details
- Total Actual Rent $67,020
Community Details
Overview
Building Details
- 2 Leased Units
- Insurance Expense $1,000
- Utility Expense $2,138
- Operating Expense $17,860
- Gross Income $67,020
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/28/2020 07/28/20 | Sold | $1,300,000 | +3.2% | $586 / Sq Ft |
| 06/26/2020 06/26/20 | Pending | -- | -- | -- |
| 06/17/2020 06/17/20 | For Sale | $1,260,000 | -- | $568 / Sq Ft |
Source: MLSListings
Tax History Compared to Growth
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 | $16,026 | $1,407,160 | $974,188 | $432,972 |
| 2024 | $16,026 | $1,379,570 | $955,087 | $424,483 |
| 2023 | $15,896 | $1,352,520 | $936,360 | $416,160 |
| 2022 | $15,828 | $1,326,000 | $918,000 | $408,000 |
| 2021 | $15,597 | $1,300,000 | $900,000 | $400,000 |
| 2020 | $3,726 | $294,581 | $111,454 | $183,127 |
| 2019 | $3,687 | $288,806 | $109,269 | $179,537 |
| 2018 | $3,508 | $283,144 | $107,127 | $176,017 |
| 2017 | $3,463 | $277,593 | $105,027 | $172,566 |
| 2016 | $3,321 | $272,151 | $102,968 | $169,183 |
| 2015 | $3,288 | $268,064 | $101,422 | $166,642 |
| 2014 | -- | $262,814 | $99,436 | $163,378 |
Source: Public Records
Agents Affiliated with this Home
-
-
L
Buyer's Agent in 2020
Lauren Ronan
Pacific Oak Homes
Map
Source: MLSListings
MLS Number: ML81797029
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