NOT LISTED FOR SALE

5502 Spinnaker Dr Unit 3 San Jose, CA 95123

Oak Grove Neighborhood

Estimated Value: $519,493 - $693,000

2 Beds
1 Bath
903 Sq Ft
$295/mo HOA Fee

Last Sold February 14, 2018

Last sale price $510,000 $565 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,912/month

18 Days on Market

Highlights

  • Cabana
  • Contemporary Architecture
  • Open to Family Room
  • View of Hills
  • Circular Fireplace
  • 5-minute walk to Coy Park

About This Home

As of February 2018

Pride of ownership. Beautiful well maintained home close to schools, shopping center and freeway 101, 280/680, 87. Property has been completely remodeled within the last 5 years. New cabinets, new tile counter top, new over. Unit has its own washer and dryer, as well as, community washer dryer.

Last Agent to Sell the Property

Gabriel Gancayco

Bay Elite Realty License #01302745 Listed on: 01/05/2018

Bay Elite Realty

Last Buyer's Agent

Jason Shi

Morgan Real Estate License #01973476

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,947

Year Built

  • Built in 1970

Lot Details

  • Home is located at a T-Intersection
  • Sprinklers on Timer
  • Grass Covered Lot

HOA Fees

  • $295 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Off-Street Parking

Property Views

  • Hills
  • Park or Greenbelt

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Composition Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 903 Sq Ft Home
  • 2-Story Property
  • Circular Fireplace
  • Double Pane Windows
  • Family or Dining Combination
  • Alarm System

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Oven
  • Electric Cooktop
  • Range Hood
  • Microwave
  • Ice Maker
  • Tile Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 1 Full Bathroom
  • Low Flow Toliet
  • Bathtub with Shower
  • Bathtub Includes Tile Surround

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Pool

  • Cabana
  • Heated Pool
  • Fence Around Pool

Outdoor Features

  • Barbecue Area

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • 220 Volts
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 690-19-023

Community Details

Overview

  • Association fees include common area electricity, common area gas, garbage, insurance - common area, landscaping / gardening, maintenance - common area, maintenance - exterior, maintenance - unit yard, management fee, pool spa or tennis, reserves, roof
  • Mb Management Association
  • Built by Blossom Hill I
  • The community has rules related to credit or board approval

Recreation

  • Community Playground
  • Community Pool

Pet Policy

  • Pets Allowed

Additional Features

  • Community Barbecue Grill
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,947

Year Built

Built in 1970

Lot Details

0

HOA Fees

$295 per month

Parking

1

Listing Details

  • Subclass: Condominium
  • Style: Contemporary
  • Restrictions: Age - No Restrictions, Board / Park Approval, Pets - Allowed
  • Age: 48
  • Listing Class: Residential
  • Structure Sq Ft: 903
  • Complex Name: Blossom Hill I
  • Year Built: 1970
  • Zoning Description: RM
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Dining Room: Breakfast Bar, Dining Area in Family Room, Eat in Kitchen
  • Kitchen: 220 Volt Outlet, Cooktop - Electric, Countertop - Tile, Garbage Disposal, Hood Over Range, Ice Maker, Microwave, Oven - Electric, Oven Range
  • Living Sq Ft: 903
  • Stories: 2
  • Security: Closed Circuit Monitoring (24-hour), Fire Alarm, Security Alarm
  • Bedrooms: Walk-in Closet
  • Laundry: Dryer, Inside, Washer
  • Flooring: Carpet, Tile
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Bathroom: Shower and Tub, Tile

Exterior Features

  • Foundation: Concrete Perimeter, Concrete Slab
  • Pool Description: Cabana / Dressing Room, Community Facility, Pool - Fenced, Pool - Heated
  • Roof: Composition
  • View: Greenbelt, Hills
  • Yard/Grounds: BBQ Area, Low Maintenance, Sprinklers - Auto, Sprinklers - Lawn
  • Pool: Yes
  • Construction Type: Stucco

Garage/Parking

  • Garage Spaces: 1
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Attached Garage, Common Parking Area, Off-Street Parking

Utilities

  • Heating System: Central Forced Air - Gas, Forced Air, Gas
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • HOA Fees: 295
  • HOA Amenities: BBQ Area, Community Pool, Playground
  • HOA Documents: CC&RS
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Common Area Electricity, Common Area Gas, Garbage, Insurance - Common Area, Landscaping / Gardening, Maintenance - Common Area, Maintenance - Exterior, Maintenance - Unit Yard, Management Fee, Pool, Spa, or Tennis, Reserves, Roof
  • H O A Name Text: MB Management
  • H O A Exist: Yes

Schools

  • School District: East Side Union High

Lot Info

  • Lot Description: Grade - Level, T-Intersection
  • Parcel Number: 690-19-023
  • Lot Acres: 0.0722
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3146.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3146.00

Green Features

  • Energy Features: Double Pane Windows, Low Flow Toilet

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: East Side Union High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2018
Closed on
Feb 8, 2018
Sold by
Duette Ronald and Ronald Trust
Bought by
Nie Chengqian and Xiao Yamei
Seller's Agent
Gabriel Gancayco
Bay Elite Realty
Buyer's Agent
Jason Shi
Morgan Real Estate
List Price
$460,000
Sold Price
$510,000
Premium/Discount to List
$50,000
10.87%
Current Estimated Value
$570,623

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,623
Avg. Annual Appreciation
1.48%
Original Mortgage
$380,000
Outstanding Balance
$321,826
Interest Rate
3.99%
Mortgage Type
New Conventional
Estimated Equity
$248,797

Purchase Details

Closed on
Jan 27, 2006
Sold by
Duette Ronald
Bought by
Duette Ronald and Ronald Duette Trust

Purchase Details

Closed on
Nov 22, 2004
Sold by
Scotti Daniel J
Bought by
Duette Ronald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
5.64%
Mortgage Type
Stand Alone First
Source: Public Records

Range of Values:

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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
Nie Chengqian $510,000 Fidelity National Title Co
Duette Ronald -- None Available
Duette Ronald $260,000 Alliance Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nie Chengqian $380,000
Previous Owner Duette Ronald $195,000
Closed Duette Ronald $39,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/14/2018 02/14/18 Sold $510,000 +10.9% $565 / Sq Ft
01/24/2018 01/24/18 Pending -- -- --
01/05/2018 01/05/18 For Sale $460,000 -- $509 / 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 $6,947 $490,000 $245,000 $245,000
2024 $6,947 $515,000 $257,500 $257,500
2023 $6,536 $480,000 $240,000 $240,000
2022 $7,267 $530,000 $265,000 $265,000
2021 $6,548 $470,000 $235,000 $235,000
2020 $6,254 $450,000 $225,000 $225,000
2019 $6,494 $520,200 $260,100 $260,100
2018 $4,616 $318,510 $159,255 $159,255
2017 $4,555 $312,266 $156,133 $156,133
2016 $4,328 $306,144 $153,072 $153,072
2015 $4,103 $292,000 $146,000 $146,000
2014 $3,635 $266,000 $133,000 $133,000
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2018

    Gabriel Gancayco

    Bay Elite Realty

    (408) 574-5000

    6 Total Sales

    Gabriel Gancayco
    Section Image
  • Jason Shi

    Buyer's Agent in 2018

    Jason Shi

    Morgan Real Estate

    (408) 916-6313

    49 Total Sales

    Jason Shi
    Section Image
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Map

Source: MLSListings

MLS Number: ML81688187

MLSListings

APN: 690-19-023

California Santa Clara County San Jose 95123 Oak Grove

5502 Spinnaker Dr Unit 3, San Jose, CA

This home is located at 5502 Spinnaker Dr Unit 3, San Jose, CA 95123 since 05 January 2018 and is currently estimated at $570,623, approximately $631 per square foot. This property was built in 1970. 5502 Spinnaker Dr Unit 3 is a home located in Santa Clara County with nearby schools including Hayes Elementary School, Davis (Caroline) Intermediate School, and Oak Grove High School.

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