NOT LISTED FOR SALE

506 Wool Dr Milpitas, CA 95035

4 Beds
2 Baths
1,692 Sq Ft
8,311 Sq Ft Lot

Last Sold April 25, 2019

Last sale price $1,150,000 $680 Per Sq Ft

5 Days on Market

Highlights

  • 1-Story Property
  • William Burnett Elementary School Rated A
  • 4-minute walk to Cardoza Park

About This Home

As of April 2019

Great opportunity to own a duplex in Milpitas....one of the fastest growing cities in Silicon Valley....very nice established neighborhood.....near church/single family homes!! Units have been owned by current owner since 1976 and very well maintained! 2 bd 1 ba units each, with enclosed garages...Both bathrooms and kitchens recently remodeled, newer updated carpets! New wall furnace in back unit...both units have private backyards...the back unit has a huge backyard!!!! Yards on sprinklers with timers....

Last Agent to Sell the Property

Debra Giordano

Master Brokers License #00705857 Listed on: 04/02/2019

Last Buyer's Agent

Ruby Khanzada

Legacy Real Estate & Assoc. License #01202717

Property Details

Home Type

  • Multi-Family

Year Built

  • 1972

Lot Details

  • 8,311

Parking

  • 1 Car Garage

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,692 Sq Ft Home
  • 1-Story Property

Additional Features

  • 8,311 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $58,800

Community Details

Overview

  • 1,692 Sq Ft Building

Building Details

  • 2 Leased Units
  • Gardener Expense $500
  • Insurance Expense $2,000
  • Maintenance Expense $2,000
  • Utility Expense $4,000
  • Operating Expense $16,500
  • Gross Income $55,860

Property Details

Home Type

Multi-Family

Year Built

1972

Lot Details

0

Parking

1

Listing Details

  • Zoning: R2S
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1692
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1972

Interior Features

  • Living Sq Ft: 1692
  • Stories: 1

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 4
  • Garage Parking Features: Parking Area

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1908
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8310.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8310.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 20.41
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2000
  • Expense Landscape: 500
  • Expense Maintenance: 2000
  • Expenses Total: 16500
  • Expenses Utility: 4000
  • Income Annual Gross: 55860.00
  • Income Annual Rental: 58800
  • Income Gross Scheduled: 58800
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Maintenance, Utilities - Water
  • Tenant Expenses: Rent Only
  • Vacancy Factor: 5

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
04/25/2019 04/25/19 Sold $1,150,000 -4.2% $680 / Sq Ft
04/08/2019 04/08/19 Pending -- -- --
04/02/2019 04/02/19 For Sale $1,200,000 -- $709 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Debra Giordano

    Seller's Agent in 2019

    Debra Giordano

    Master Brokers

    (408) 945-8988

    91 in this area

    112 Total Sales

    Debra Giordano
    Section Image

  • R

    Buyer's Agent in 2019

    Ruby Khanzada

    Legacy Real Estate & Assoc.

    (510) 501-0605

    3 Total Sales

    Ruby Khanzada
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81745093

MLSListings

APN: 029-10-007

California Santa Clara County Milpitas 95035

506 Wool Dr, Milpitas, CA

Not Listed for Sale

MultiFamily

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