$1,800,000
SOLD SEP 4, 2024
2 Beds
1 Bath
784 Sq Ft
0.45 Acres

Recently Sold

$2,296 Per Sq Ft

3% Above List Price

6 Days on Market

Highlights

  • 0.45 Acre Lot
  • 2 Car Detached Garage
  • 1-Story Property
  • Del Mar High School Rated A-
  • Dining Room

About This Home

As of September 2024

Prime development opportunity! This expansive 302-foot deep lot, flanked by townhouses on both sides, offers immense potential. With the capacity to produce up to 11 townhouses, this property is a rare find in today's market. The adjacent lot, of the same size, successfully houses 6 townhouses, showcasing the feasibility and value of this land. Perfect for developers and investors, the true value lies in the land, making this an excellent investment opportunity. Dont miss out on the chance to capitalize on this promising project!

Last Agent to Sell the Property

Terry McElroy

Mc Elroy Properties & Inv. License #00495447 Listed on: 08/07/2024

Last Buyer's Agent

Terry McElroy

Mc Elroy Properties & Inv. License #00495447 Listed on: 08/07/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,630

Year Built

  • Built in 1939

Lot Details

  • 0.45 Acre Lot
  • Zoning described as R1

Parking

  • 2 Car Detached Garage

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 784 Sq Ft Home
  • 1-Story Property
  • Dining Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 303-26-074

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,630

Year Built

Built in 1939

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Age: 85
  • Listing Class: Residential
  • Structure Sq Ft: 784
  • Year Built: 1939
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Dining Room: No Formal Dining Room
  • Living Sq Ft: 784
  • Stories: 1
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Detached Garage

Utilities

  • Sewer/Septic System: Septic Standard

Schools

  • School District: Campbell Union High

Lot Info

  • Parcel Number: 303-26-074
  • Lot Acres: 0.4500
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 19602.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 19602.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Campbell Union High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2024
Closed on
Aug 14, 2024
Sold by
Richard F Neal And Lois A Neal Revocable and Calliger Mary Ellen
Bought by
Boynton Ave Llc
Seller's Agent
Terry McElroy
Mc Elroy Properties & Inv.
Buyer's Agent
Terry McElroy
Mc Elroy Properties & Inv.
List Price
$1,750,000
Sold Price
$1,800,000
Premium/Discount to List
$50,000
2.86%
Views
10
Current Estimated Value
$1,896,704

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,704
Avg. Annual Appreciation
5.79%
Original Mortgage
$1,260,000
Outstanding Balance
$108,284
Interest Rate
6.78%
Mortgage Type
Construction
Estimated Equity
$1,788,420

Purchase Details

Closed on
Sep 28, 2006
Sold by
Neal Lois A
Bought by
Neal Richard F and Neal Lois A

Purchase Details

Closed on
Apr 3, 2003
Sold by
Neal Lois Ann and Calliger Mary Ellen
Bought by
City Of San Jose
Source: Public Records

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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

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,800,000 Stewart Title Of California
Interfamily Deed Transfer -- None Available
Grant Deed -- Financial Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,260,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2024 09/04/24 Sold $1,800,000 +2.9% $2,296 / Sq Ft
08/14/2024 08/14/24 Pending -- -- --
08/07/2024 08/07/24 For Sale $1,750,000 -- $2,232 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

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
2024 $1,630 $52,031 $39,379 $12,652
2023 $1,594 $51,011 $38,607 $12,404
2022 $1,616 $50,011 $37,850 $12,161
2021 $1,559 $49,031 $37,108 $11,923
2020 $1,463 $48,529 $36,728 $11,801
2019 $1,419 $47,578 $36,008 $11,570
2018 $1,380 $46,646 $35,302 $11,344
2017 $1,358 $45,732 $34,610 $11,122
2016 $1,203 $44,836 $33,932 $10,904
2015 $1,288 $44,164 $33,423 $10,741
2014 $817 $43,300 $32,769 $10,531
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81975863

MLSListings

APN: 303-26-074