NOT LISTED FOR SALE

583 N Abel St Milpitas, CA 95035

8 Beds
4 Baths
2,992 Sq Ft
9,104 Sq Ft Lot Lot

Sale Details

Date Sold: April 8, 2016

Last sale price $1,311,888 $438 Per Sq Ft

6 Days on Market

About This Home

As of April 2016

Great potential...needs work...great commute location

Last Agent to Sell the Property

JK Watson

Bay East AOR License #01131499 Listed on: 02/09/2016

Last Buyer's Agent

Jag Saggi

Reliable Real Estate Services License #01425900

Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 9,104 Sq Ft Lot

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 2,992 Sq Ft Home
  • 2-Story Property
  • Carpet

Parking

  • 2 Parking Spaces
  • 4 Carport Spaces
  • Assigned Parking

Utilities

  • Wall Furnace
  • Community Sewer or Septic

Listing and Financial Details

  • Total Actual Rent $64,200

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $1,800
  • Insurance Expense $1,000
  • Maintenance Expense $1,435
  • Manager Expense $3,590
  • Utility Expense $3,674
  • Trash Expense $786
  • Operating Expense $18,285
  • Gross Income $64,200

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

9,104 Sq Ft Lot

Listing Details

  • Zoning: 10
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2992
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Living Sq Ft: 2992
  • Stories: 2
  • Flooring: Carpet

Exterior Features

  • Roof: Composition

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Assigned Spaces
  • Carport Min: 4

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Community Sewer / Septic

Lot Info

  • Lot Acres: 0.2090
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9125.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9125.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 18.68
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1000
  • Expense Landscape: 1800
  • Expense Maintenance: 1435
  • Expense Management: 3590
  • Expenses Total: 18285
  • Expenses Utility: 3674
  • Expense Trash: 786
  • Income Annual Gross: 64200.00
  • Income Annual Rental: 64200
  • Income Gross Scheduled: 64200
  • Income Includes: Rents
  • Meters: Master Electric, Master Gas, Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Maintenance, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Water
  • Tenant Expenses: Rent Only
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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
04/08/2016 04/08/16 Sold $1,311,888 +9.4% $438 / Sq Ft
02/16/2016 02/16/16 Pending -- -- --
02/09/2016 02/09/16 For Sale $1,199,000 -- $401 / Sq Ft
Source: MLSListings

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 $17,734 $1,713,600 $1,275,000 $438,600
2024 $17,734 $1,522,551 $1,044,524 $478,027
2023 $17,680 $1,492,698 $1,024,044 $468,654
2022 $17,605 $1,463,430 $1,003,965 $459,465
2021 $17,351 $1,434,736 $984,280 $450,456
2020 $17,049 $1,420,026 $974,188 $445,838
2019 $16,853 $1,392,184 $955,087 $437,097
2018 $15,999 $1,364,887 $936,360 $428,527
2017 $15,793 $1,338,125 $918,000 $420,125
2016 $1,486 $103,583 $33,151 $70,432
2015 $1,473 $102,029 $32,654 $69,375
2014 $1,420 $100,032 $32,015 $68,017
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81549962

MLSListings

APN: 022-09-026

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