NOT LISTED FOR SALE

Estimated Value: $2,663,000 - $3,463,497

-- Bed
5 Baths
3,488 Sq Ft
$898/Sq Ft Est. Value

Last Sold October 31, 2012

Last sale price $1,205,400 $346 Per Sq Ft

Est. 160% increase in value since last sale

Current estimated payment $18,734/month

83 Days on Market

Highlights

  • Balcony
  • Joshua Chadbourne Elementary School Rated A
  • Tile Flooring

About This Home

As of October 2012

First time on market in over 30 years. Prestigious Mission San Jose neighborhood. Unit Mix:(1)3x2,(3)2x1. Very well-maintained property. This is a must see property. Excellent Fremont Unified School District. Chadbourne, Hopkins, Mission SJ. Top 5% API in state. Actual property address is 43136 Starr Street.

Last Agent to Sell the Property

Chris Shaheen

Coldwell Banker Realty License #01421630 Listed on: 06/22/2012

Coldwell Banker Realty

Last Buyer's Agent

Evelyn J. Juan

First Metro Investments License #00957394

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,063

Year Built

  • 1973

Lot Details

  • 9,235

Home Design

  • Quadruplex
  • Tar and Gravel Roof

Interior Spaces

  • 3,488 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Parking

  • Carport
  • Uncovered Parking

Outdoor Features

  • Balcony

Utilities

  • Heating System Uses Gas
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $65,280
  • The owner pays for garbage, services - gardener/landscaping, hot water, water
  • Month-to-Month Lease Term

Community Details

Overview

  • 3,488 Sq Ft Building

Building Details

  • Gardener Expense $2,400
  • Insurance Expense $1,465
  • Maintenance Expense $1,200
  • Other Expense $450
  • Utility Expense $2,400
  • Trash Expense $1,620
  • Operating Expense $27,957
  • Gross Income $73,798

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,063

Year Built

1973

Lot Details

0

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Age: 39
  • Inspections Reports: Flood Zone
  • Sale Price Per Sq Ft: 345.58
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 3488
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1973

Interior Features

  • Kitchen: Dishwasher, Garbage Disposal, Oven Range, Refrigerator
  • Living Sq Ft: 3488
  • Stories: 2
  • Laundry: Washer/Dryer - Leased
  • Flooring: Hardwood - Partial, Tile, Carpet - Wall To Wall, Carpet, Varies By Unit

Exterior Features

  • Roof: Tar And Gravel
  • Yard/Grounds: Balcony / Patio

Garage/Parking

  • Garage Parking Features: Spaces Per Unit - 1, Uncovered Parking, Carport

Utilities

  • Heating System: Gas
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Storage Area(s)

Schools

  • School District: Fremont Unified
  • High School: 1209
  • Elementary School: 1248
  • Middle School: 1241

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9230.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 9230.00
  • Lot Size Area Min Search: 9230.00
  • Maximum Lot Size: 9230.00

Rental Info

  • Existing Lease Term(s): Month To Month, Less Than 1 Yr, 1 Year Lease
  • Gross Rent Multiplier: 17.74
  • Min Rent2 Bed1 Bath: 1200
  • Min Rent3 Bed1 Plus Bath: 1540

Multi Family

  • Expense Insurance: 1465
  • Expense Landscape: 2400
  • Expense Maintenance: 1200
  • Expenses Other: 450
  • Expenses Total: 27957
  • Expenses Utility: 2400
  • Expense Trash: 1620
  • Expense Water Sewer: 1200
  • Income Annual Gross: 73798.00
  • Income Annual Rental: 65280
  • Income Gross Scheduled: 76080
  • Income Includes: Laundry, Lease
  • Income Laundry: 1200
  • Income Other: 9600
  • Maximum Building Height: 2
  • Maximum Rent2 Bed1 Bath: 1400
  • Meters: Separate Electric, Separate Gas, Master Water
  • Minimum Building Height: 2
  • Minimum Size3 Bed1 Plus Bath: 1088
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Services - Gardener, Utilities - Hot Water, Utilities - Water, Maintenance - Exterminator, Utilities - Gas, Insurance, Maintenance - Repair, Fee - Property Tax, Services - Sewer, Vacancy Factor, Utilities - Electric
  • Owner Pays: Garbage, Services - Gardener/Landscaping, Hot Water, Water
  • Tenant Expenses: Utilities - Gas, Cable Tv, Utilities - Electric
  • Vacancy Amount: 2282
  • Vacancy Factor: 3
  • Min Size2 Bed1 Bath: 800

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 12, 2013
Sold by
Hou Chau Cheng and Huang Ta Mei T
Bought by
Hou Chau Cheng and Huang Ta Mei T
Current Estimated Value
$3,131,374

Purchase Details

Listed on
Jun 22, 2012
Closed on
Oct 22, 2012
Sold by
Hou Chau Cheng and Huang Ta Mei T
Bought by
Hou Chau Cheng and Huang Ta Mei T
Seller's Agent
Chris Shaheen
Coldwell Banker Realty
Buyer's Agent
Evelyn J. Juan
First Metro Investments
List Price
$1,350,000
Sold Price
$1,205,400
Premium/Discount to List
-$144,600
-10.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.55%
Original Mortgage
$600,000
Interest Rate
3.43%
Mortgage Type
New Conventional
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Hou Chau Cheng -- None Available
Hou Chau Cheng -- Fidelity National Title Co
Hou Chou Cheng $1,205,500 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Hou Chou Cheng $600,000
Previous Owner Thomson Robert C $136,000
Previous Owner Thomson Robert C $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2012 10/31/12 Sold $1,205,400 -10.7% $346 / Sq Ft
09/13/2012 09/13/12 Pending -- -- --
06/22/2012 06/22/12 For Sale $1,350,000 -- $387 / 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
2025 $19,063 $1,484,304 $578,748 $905,556
2024 $19,063 $1,455,206 $567,402 $887,804
2023 $18,506 $1,426,674 $556,277 $870,397
2022 $18,208 $1,398,709 $545,373 $853,336
2021 $17,796 $1,371,286 $534,681 $836,605
2020 $17,614 $1,357,231 $529,201 $828,030
2019 $17,421 $1,330,628 $518,828 $811,800
2018 $17,072 $1,304,543 $508,657 $795,886
2017 $16,641 $1,278,965 $498,684 $780,281
2016 $16,357 $1,253,893 $488,908 $764,985
2015 $16,157 $1,235,064 $481,566 $753,498
2014 $15,884 $1,210,871 $472,133 $738,738
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81223685

MLSListings

APN: 513-0505-028-00