NOT LISTED FOR SALE

549 S 9th St San Jose, CA 95112

Sun Neighborhood

Estimated Value: $1,266,638 - $1,390,000

7 Beds
2 Baths
2,200 Sq Ft
$604/Sq Ft Est. Value

Last Sold February 16, 2015

Last sale price $758,000 $345 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $8,630/month

10 Days on Market

Highlights

  • Post and Beam
  • High Ceiling
  • 4 Car Detached Garage
  • Attic
  • Balcony
  • Enclosed Patio or Porch

About This Home

As of February 2015

GREAT INVESTMENT OPPORTUNITY ONE BLOCK FROM SAN JOSE STATE UNIV! 7 room Victorian rooming house. Prime location one block from SJSU in South Campus neighborhood, near dorms and main entrance Rented mostly to students for over 15 years. $41,000/yr in gross rental income plus $500/yr laundry income. Rents currently well below market. Lots of room for increased cash flow! Zoned RM (multi-unit) May be converted to duplex, used as a single family home or kept as rooming house.

Last Agent to Sell the Property

William Johnson

William Johnson, Broker License #01463271 Listed on: 02/06/2015

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,706

Year Built

  • 1887

Lot Details

  • 6,534 Sq Ft Lot
  • Mostly Level
  • Drought Tolerant Landscaping
  • Back Yard

Parking

  • 4 Car Detached Garage
  • Carport
  • Off-Street Parking
  • Unassigned Parking

Home Design

  • Duplex
  • Post and Beam
  • Victorian Architecture
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 2,200 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Ceiling Fan
  • Carpet
  • Attic

Kitchen

  • Built-In Oven
  • Electric Oven
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Formica Countertops
  • Disposal

Laundry

  • Laundry Room
  • Washer and Dryer

Outdoor Features

  • Balcony
  • Enclosed Patio or Porch
  • Shed

Utilities

  • Forced Air Heating System
  • Separate Meters
  • 220 Volts

Listing and Financial Details

  • Total Actual Rent $41,040

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 1 Leased Unit
  • Insurance Expense $901
  • Maintenance Expense $1,680
  • Utility Expense $3,980
  • Trash Expense $738
  • Operating Expense $12,128
  • Gross Income $41,520

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,706

Year Built

1887

Lot Details

0

Parking

4

Listing Details

  • Zoning: RM
  • Subclass: Duplex
  • Style: Victorian
  • Age: 128
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2200
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1887

Interior Features

  • Kitchen: 220 Volt Outlet, Countertop - Formica, Dishwasher, Freezer, Garbage Disposal, Island, Oven Range - Built-In, Oven Range - Electric, Pantry, Refrigerator
  • Living Sq Ft: 2200
  • Stories: 2
  • Laundry: Coin Operated, Washer / Dryer
  • Flooring: Carpet
  • Additional Rooms: Attic, Laundry Room

Exterior Features

  • Foundation: Post And Beam
  • Roof: Composition
  • Yard/Grounds: Back Yard, Balcony / Patio, Drought Tolerant Plants, Porch - Enclosed, Storage Shed / Structure
  • Construction Type: Wood, Wood Frame

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 5
  • Garage Parking Features: Carport, Common Parking Area, Detached Garage, Off-Street Parking, Unassigned Spaces

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: High Ceiling

Schools

  • School District: San Jose Unified

Lot Info

  • Lot Description: Grade - Mostly Level
  • Lot Acres: 0.1500
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6534.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6534.00

Rental Info

  • Existing Lease Term(s): Month To Month, Security Deposit
  • Gross Rent Multiplier: 18.06
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Natural Gas, Public Utilities
  • Expense Insurance: 901
  • Expense Maintenance: 1680
  • Expenses Total: 12128
  • Expenses Utility: 3980
  • Expense Trash: 738
  • Income Annual Gross: 41520.00
  • Income Annual Rental: 41040
  • Income Gross Scheduled: 41520
  • Income Includes: Coin Operated Equip, Laundry, Rents
  • Income Other: 480
  • Meters: Master Gas, Master Water, Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Loan - Mortgage, Maintenance, Maintenance - Capital Improvements, Maintenance - Repair, Services - Janitor, Supplies, Utilities, Utilities - Electric, Utilities - Gas, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 6, 2021
Sold by
Wu and Chinyun
Bought by
Li Rui
Current Estimated Value
$1,328,319

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$950,000
Outstanding Balance
$875,658
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$452,661

Purchase Details

Listed on
Feb 6, 2015
Closed on
Feb 18, 2015
Sold by
Fogarty Paul
Bought by
Wu Yunjung and Wu Chinyun
Seller's Agent
William Johnson
William Johnson, Broker
Buyer's Agent
RECIP
Out of Area Office
List Price
$750,000
Sold Price
$758,000
Premium/Discount to List
$8,000
1.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.47%

Purchase Details

Closed on
Oct 15, 1997
Sold by
Steven Ford and Steven Michelle M
Bought by
Fogarty Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
7.75%
Mortgage Type
Commercial
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
Li Rui $1,192,000 Chicago Title
Wu Yunjung $758,000 Fidelity National Title Co
Fogarty Paul $255,000 All Cal Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Rui $950,000
Previous Owner Fogarty Paul $213,600
Previous Owner Fogarty Paul $245,000
Previous Owner Fogarty Paul $204,000
Closed Fogarty Paul $21,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2015 02/16/15 Sold $758,000 +1.1% $345 / Sq Ft
02/16/2015 02/16/15 Pending -- -- --
02/06/2015 02/06/15 For Sale $750,000 -- $341 / 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 $16,706 $1,264,799 $840,316 $424,483
2024 $16,706 $1,240,000 $823,840 $416,160
2023 $16,378 $1,215,687 $807,687 $408,000
2022 $12,340 $858,452 $600,238 $258,214
2021 $12,040 $841,620 $588,469 $253,151
2020 $11,701 $832,991 $582,435 $250,556
2019 $11,422 $816,659 $571,015 $245,644
2018 $11,289 $800,647 $559,819 $240,828
2017 $11,185 $784,949 $548,843 $236,106
2016 $10,934 $769,559 $538,082 $231,477
2015 $5,723 $338,777 $205,924 $132,853
2014 $4,829 $332,142 $201,891 $130,251
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2015

    William Johnson

    William Johnson, Broker

  • R

    Buyer's Agent in 2015

    RECIP

    Out of Area Office

See All Agents

Map

Source: MLSListings

MLS Number: ML81449675

MLSListings

APN: 472-28-077

California Santa Clara County San Jose 95112 Sun

549 S 9th St, San Jose, CA

This home is located at 549 S 9th St, San Jose, CA 95112 since 06 February 2015 and is currently estimated at $1,328,319, approximately $603 per square foot. This property was built in 1887. 549 S 9th St is a home located in Santa Clara County with nearby schools including Lowell Elementary School, Herbert Hoover Middle School, and Abraham Lincoln High.

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