NOT LISTED FOR SALE

3391 Payne Ave San Jose, CA 95117

Castlemont Neighborhood
-- Bed
-- Bath
2,254 Sq Ft
7,018 Sq Ft Lot

Last Sold September 02, 2021

Last sale price $1,500,000 $665 Per Sq Ft

8 Days on Market

Highlights

  • Tile Flooring
  • Forced Air Heating System
  • 1-Story Property
  • George C. Payne Elementary School Rated A-
  • Washer and Dryer

About This Home

As of September 2021

Welcome to 3393 & 3391 Payne Ave! Great Investment Opportunity and conveniently located near downtown Campbell, schools, parks, easy access to shopping, major freeways, Valley Fair and Santana Row. UNIT 1: features Spacious 3 BR/2 BATH- Unit 2: features 2 BR/1.5 BATH, with combined sq ft 2,254 sq ft w/ 3 car garage attached! Both units have great natural light and spacious family rooms. Both units have large primary bedrooms and walk-in closets, inside laundry, dual pane windows, and much more. Private backyard with plenty of room for entertaining. A Must See!

Last Agent to Sell the Property

Caroline Will

Coldwell Banker Realty License #01910149 Listed on: 06/29/2021

Coldwell Banker Realty

Last Buyer's Agent

Susan Carrodus

Prime Metropolis Properties Inc License #01887152

Property Details

Home Type

  • Multi-Family

Year Built

  • 1967

Lot Details

  • 7,018 Sq Ft Lot

Parking

  • 3 Car Garage
  • On-Street Parking
  • Uncovered Parking
  • Assigned Parking

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,254 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Utilities

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

Listing and Financial Details

  • Total Actual Rent $56,136

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $2,400
  • Insurance Expense $1,900
  • Maintenance Expense $1,000
  • Manager Expense $4,200
  • Operating Expense $22,496
  • Gross Income $53,329

Property Details

Home Type

Multi-Family

Year Built

1967

Lot Details

0

Parking

3

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Age: 54
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2254
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1967

Interior Features

  • Kitchen: Dishwasher, Garbage Disposal, Oven Range, Refrigerator
  • Living Sq Ft: 2254
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 4
  • Garage Parking Features: Assigned Spaces, Attached Garage, On Street, Uncovered Parking

Utilities

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

Schools

  • School District: Campbell Union High

Lot Info

  • Lot Acres: 0.1611
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7019.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7019.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written, Less Than 1 Yr, Security Deposit
  • Gross Rent Multiplier: 24.90
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1900
  • Expense Landscape: 2400
  • Expense Maintenance: 1000
  • Expense Management: 4200
  • Expenses Total: 22496
  • Income Annual Gross: 53329.00
  • Income Annual Rental: 56136
  • Income Gross Scheduled: 56136
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Services - Gardener
  • Tenant Expenses: Services - Sewer, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 5

Range of Values:

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Average Value
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List Price
Sold Price
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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
09/02/2021 09/02/21 Sold $1,500,000 +7.3% $665 / Sq Ft
07/08/2021 07/08/21 Pending -- -- --
06/29/2021 06/29/21 For Sale $1,398,000 -- $620 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Caroline Will

    Seller's Agent in 2021

    Caroline Will

    Coldwell Banker Realty

    (408) 691-0375

    1 in this area

    27 Total Sales

    Caroline Will
    Section Image

  • S

    Buyer's Agent in 2021

    Susan Carrodus

    Prime Metropolis Properties Inc

See All Agents

Map

Source: MLSListings

MLS Number: ML81851285

MLSListings
California Santa Clara County San Jose 95117 Castlemont

3391 Payne Ave, San Jose, CA

This home is located at 3391 Payne Ave, San Jose, CA 95117 since 29 June 2021. This property was built in 1967. 3391 Payne Ave is a home located in Santa Clara County with nearby schools including George C. Payne Elementary School, Moreland Middle School, and Prospect High School.

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