NOT LISTED FOR SALE

589 Penitencia St Milpitas, CA 95035

Milpitas Area
8 Beds
-- Bath
3,699 Sq Ft
10,454 Sq Ft Lot

Sale Details

Date Sold: October 19, 2012

Last sale price $705,000 $191 Per Sq Ft

53 Days on Market

Highlights

  • RV Access or Parking
  • Neighborhood Views
  • Level Lot
  • Anthony Spangler Elementary School Rated A-
  • Guest Parking
  • Wall to Wall Carpet

About This Home

As of October 2012

Live in it, rent it or do both. This property makes for a great rental investment or primary residence with some steady cashflow. Each unit is a 2-story townhouse style floorplan with its' own private backyard. Located in a quiet neighborhood and in an excellent commute location near many restaurants, shops and tech firms. Huge backyard w/ lots of open space for extra parking and BBQ parties.

Last Agent to Sell the Property

Julie Vuong

EstateMind Realty License #01451651 Listed on: 02/10/2012

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Property Details

Home Type

  • Multi-Family

Year Built

  • 1972

Lot Details

  • Level Lot

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,699 Sq Ft Home
  • Neighborhood Views
  • Oven or Range
  • Laundry in Garage

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • Carport
  • Guest Parking
  • RV Access or Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Heating System Uses Gas
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $64,800
  • The owner pays for electric, garbage, services - gardener/landscaping, gas, hot water, water

Community Details

Overview

  • 3,699 Sq Ft Building

Building Details

  • Gardener Expense $300
  • Insurance Expense $1,100
  • Utility Expense $1,500
  • Trash Expense $1,100
  • Operating Expense $15,600
  • Gross Income $66,450

Property Details

Home Type

Multi-Family

Year Built

1972

Lot Details

10,454 Sq Ft Lot

Listing Details

  • Zoning: R3S
  • Subclass: Fourplex
  • Inspections Reports: Fault Zone, Geological/Flood, Flood Zone
  • Sale Price Per Sq Ft: 190.59
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 3699
  • Special Features: 12
  • Property Sub Type: MultiFamily
  • Year Built: 1972

Interior Features

  • Kitchen: Oven Range, Refrigerator
  • Living Sq Ft: 3699
  • Laundry: Washer/Dryer - Leased Coin-Op, In Garage
  • Flooring: Carpet - Wall To Wall, Vinyl / Linoleum, Carpet

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition
  • View: Local/Neighborhood

Garage/Parking

  • Garage Parking Features: Guest / Visitor Parking, Rv/Boat Parking, Carport, Spaces Per Unit - 1

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Wall Furnace, Gas
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Condo/Co-op/Association

  • Complex Name: Townhouse Style
  • HOA Amenities: Patio - Private

Association/Amenities

  • Amenities Miscellaneous: Storage Area(s)

Schools

  • High School: 293

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10500.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 10500.00
  • Lot Size Area Min Search: 10500.00
  • Maximum Lot Size: 10500.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 11.87
  • Min Rent2 Bed1 Bath: 1300

Multi Family

  • Expense Insurance: 1100
  • Expense Landscape: 300
  • Expenses Total: 15600
  • Expenses Utility: 1500
  • Expense Trash: 1100
  • Expense Water Sewer: 1600
  • Income Annual Gross: 66450.00
  • Income Annual Rental: 64800
  • Income Gross Scheduled: 66450
  • Income Includes: Laundry, Lease
  • Income Laundry: 1650
  • Maximum Rent2 Bed1 Bath: 1400
  • Maximum Size2 Bed1 Bath: 884
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Utilities - Electric, Services - Trash Removal, Services - Gardener, Utilities - Gas, Utilities - Hot Water, Utilities - Water, Insurance, Maintenance - Repair, Fee - Property Tax, Services - Sewer
  • Owner Pays: Electric, Garbage, Services - Gardener/Landscaping, Gas, Hot Water, Water
  • Tenant Expenses: Utilities - Gas, Cable Tv, Utilities - Electric
  • Min Size2 Bed1 Bath: 884

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

Listed on
Feb 10, 2012
Closed on
Oct 10, 2012
Sold by
Bought by
Seller's Agent
Julie Vuong
EstateMind Realty
List Price
$895,000
Sold Price
$705,000
Premium/Discount to List
-$190,000
-21.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$528,750
Interest Rate
3.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 22, 2007
Sold by
Bought by

Purchase Details

Closed on
Jun 21, 2007
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
$750,000
Interest Rate
7.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Oct 16, 2006
Sold by
Bought by

Purchase Details

Closed on
May 20, 2004
Sold by
Bought by

Purchase Details

Closed on
Mar 17, 2004
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
$630,000
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 2000
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
$585,000
Interest Rate
9%

Purchase Details

Closed on
Jan 19, 1994
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$705,000 Chicago Title Company
-- None Available
$1,100,000 Financial Title Company
$65,500 None Available
-- --
-- Alliance Title Company
$780,000 Alliance Title Company
-- North American Title Co Inc
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
Open $445,600
Closed $528,750
Previous Owner $750,000
Previous Owner $630,000
Previous Owner $44,000
Previous Owner $585,000
Previous Owner $200,000
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
10/19/2012 10/19/12 Sold $705,000 -21.2% $191 / Sq Ft
04/03/2012 04/03/12 Pending -- -- --
02/10/2012 02/10/12 For Sale $895,000 -- $242 / 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
2026 $10,346 $885,505 $420,772 $464,733
2025 $10,062 $868,143 $412,522 $455,621
2024 $10,062 $851,122 $404,434 $446,688
2023 $10,031 $834,434 $396,504 $437,930
2022 $9,991 $818,074 $388,730 $429,344
2021 $9,847 $802,034 $381,108 $420,926
2020 $9,677 $793,811 $377,201 $416,610
2019 $9,568 $778,247 $369,805 $408,442
2018 $9,089 $762,988 $362,554 $400,434
2017 $8,973 $748,029 $355,446 $392,583
2016 $8,614 $733,363 $348,477 $384,886
2015 $8,528 $722,348 $343,243 $379,105
2014 $8,303 $708,199 $336,520 $371,679
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML81205275

MLSListings

APN: 022-09-039

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