NOT LISTED FOR SALE

Estimated Value: $2,120,950

Studio
4 Baths
4,300 Sq Ft
$493/Sq Ft Est. Value

Sale Details

Date Sold: April 2, 2018

Last sale price $1,850,000 $430 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $13,600 / mo

32 Days on Market

Highlights

  • 0.29 Acre Lot
  • Forced Air Heating System
  • 3-minute walk to Japantown/Ayer Station

About This Home

As of April 2018

Currently being used as owner occupied law office. Very charming property which has character and craftsmanship located in beautiful area of North Downtown San Jose . Open floor plan, many rooms which make easier to lease to attorney(s)-CPA-accounting and many other businesses. Within 1 mile from Superior Court house. Approx. 2 mile from San Jose State University. Zoning RM - verify with city of San Jose for land usage to maximize your potential rent income. The Borchers Family Mansion was originally built in 1917 for the owners of Borchers Brothers Building Supply on North First Street in San Jose, California. The Borchers Family Mansion is a landmark building and an outstanding example of craftsmanship build during World War I prior to United States involvement. The large two-story Mediterranean style building features oversize wood framing, lath and plaster walls, hardwood floors, leaded glass, and exceptional mahogany wood fittings and trim throughout.

Last Agent to Sell the Property

Hanh Quach

Intero Real Estate Services License #01062257 Listed on: 02/09/2018

Intero Real Estate Services

Last Buyer's Agent

Wayne Wang

Aillion Realty Inc. License #01943680

Property Details

Home Type

  • Multi-Family

Year Built

  • 1917

Lot Details

  • 12,663 Sq Ft Lot

Home Design

  • Tile Roof

Interior Spaces

  • 4,300 Sq Ft Home
  • 2-Story Property

Parking

  • 10 Parking Spaces
  • No Garage
  • Off-Street Parking

Utilities

  • Forced Air Heating System
  • Sewer Within 50 Feet

Community Details

Overview

Building Details

  • 5 Leased Units
  • Insurance Expense $3,000
  • Operating Expense $17,780

Property Details

Home Type

Multi-Family

Year Built

1917

Lot Details

0.29 Acres

Listing Details

  • Zoning: RM
  • Subclass: Multiple Dwellings / Structures
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4300
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1917

Interior Features

  • Living Sq Ft: 4300
  • Stories: 2

Exterior Features

  • Roof: Tile

Garage/Parking

  • Parking Spaces: 10
  • Garage Parking Features: No Garage, Off-Street Parking, Room For Oversized Vehicle

Utilities

  • Heating System: Central Forced Air - Gas, Electric
  • Sewer/Septic System: Sewer In Street

Lot Info

  • Lot Acres: 0.2907
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 12665.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 12665.00

Rental Info

  • Number Of Leased: 5

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 3000
  • Expenses Total: 17780
  • Meters: Master Electric, Master Gas, Master Water
  • Number Of Buildings: 1

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 9, 2024
Sold by
Bought by
Current Estimated Value
$2,120,950

Purchase Details

Closed on
Jan 22, 2021
Sold by
Bought by

Purchase Details

Closed on
Aug 20, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 9, 2018
Closed on
Mar 22, 2018
Sold by
Bought by
Seller's Agent
Hanh Quach
Intero Real Estate Services
Buyer's Agent
Wayne Wang
Aillion Realty Inc.
List Price
$1,889,000
Sold Price
$1,850,000
Premium/Discount to List
-$39,000
-2.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
4.38%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 3, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$658,000
Interest Rate
5.79%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 26, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$394,000
Interest Rate
6.63%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 22, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$394,000
Interest Rate
6.63%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,220,000 None Listed On Document
-- Pogue Steven R
-- None Available
-- Fidelity National Title Co
$1,850,000 First American Title Co
$940,000 First American Title Company
-- North American Title Co
-- North American Title Co
$525,000 North American Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,100,000
Previous Owner $1,050,000
Previous Owner $658,000
Previous Owner $394,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/02/2018 04/02/18 Sold $1,850,000 0.0% $430 / Sq Ft
04/02/2018 04/02/18 Sold $1,850,000 -2.1% $430 / Sq Ft View Prior Sale
03/21/2018 03/21/18 Pending -- -- --
03/14/2018 03/14/18 Pending -- -- --
02/09/2018 02/09/18 For Sale $1,889,000 0.0% $439 / Sq Ft
10/20/2017 10/20/17 For Sale $1,889,000 -- $439 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $25,876 $2,104,980 $1,365,393 $739,587
2024 $25,876 $2,063,707 $1,338,621 $725,086
2023 $24,604 $2,023,243 $1,312,374 $710,869
2022 $24,390 $1,983,573 $1,286,642 $696,931
2021 $23,941 $1,944,680 $1,261,414 $683,266
2020 $23,644 $1,924,740 $1,248,480 $676,260
2019 $23,222 $1,887,000 $1,224,000 $663,000
2018 $14,898 $1,151,552 $771,787 $379,765
2017 $14,790 $1,128,973 $756,654 $372,319
2016 $14,777 $1,106,837 $741,818 $365,019
2015 $14,598 $1,090,213 $730,676 $359,537
2014 $14,418 $1,068,859 $716,364 $352,495
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81692017

MLSListings

APN: 249-43-018

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