NOT LISTED FOR SALE

Estimated Value: $916,000 - $1,014,000

4 Beds
2 Baths
864 Sq Ft
$1,135/Sq Ft Est. Value

Last Sold July 30, 2018

Last sale price $675,000 $781 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $6,255/month

5 Days on Market

Highlights

  • Floor Furnace
  • Carpet
  • 1-Story Property
  • Fenced
  • Back Yard

About This Home

As of July 2018

Rare opportunity to own rental property at an affordable price. Zoned R2. Front unit is 2/1 with large kitchen and a basement. Rear unit is smaller 2/1. Back yard goes on forever. Both could use some a little TLC but have been rented in current condition. Potential exists to create value by adding a much larger home on the property with this large lot size.

Last Agent to Sell the Property

Gary Nobile

Corcoran Icon Properties License #01068890 Listed on: 07/13/2018

Corcoran Icon Properties

Last Buyer's Agent

Michaela Nichols

eXp Realty Greater Los Angeles License #02240189

eXp Realty Greater Los Angeles

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,916

Year Built

  • 1940

Lot Details

  • 10,241 Sq Ft Lot
  • Fenced
  • Back Yard

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 864 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer Hookup

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Formica Countertops

Flooring

  • Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • Uncovered Parking

Outdoor Features

  • Barbecue Area

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace

Community Details

Overview

  • 864 Sq Ft Building

Building Details

  • Gardener Expense $50
  • Insurance Expense $80
  • Operating Expense $2,311

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,916

Year Built

1940

Lot Details

0

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Age: 78
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 864
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1940

Interior Features

  • Kitchen: Cooktop - Gas, Countertop - Formica, Hood Over Range, Hookups - Gas, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 864
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition
  • Yard/Grounds: Back Yard, Bbq Area, Fenced

Garage/Parking

  • Parking Spaces: 6
  • Garage Parking Features: Attached Garage, Uncovered Parking

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Floor Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: San Jose Unified

Lot Info

  • Lot Acres: 0.2351
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10242.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 10242.00

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 80
  • Expense Landscape: 50
  • Expenses Total: 2311
  • Meters: Master Electric
  • Number Of Buildings: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2018
Closed on
Jul 18, 2018
Sold by
Licea Francisco Ojeda and Licea Jesus
Bought by
Martinez Martinez Raul and Vazquez Nieto Crispina
Seller's Agent
Gary Nobile
Corcoran Icon Properties
Buyer's Agent
Gary Nobile
Corcoran Icon Properties
List Price
$599,000
Sold Price
$675,000
Premium/Discount to List
$76,000
12.69%
Current Estimated Value
$981,002

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$306,002
Avg. Annual Appreciation
5.51%

Purchase Details

Closed on
Jan 12, 2018
Sold by
Licea Francisco O and Licea Jesus O
Bought by
Licea Francisco Op and Licea Jesusa

Purchase Details

Closed on
Nov 7, 1996
Sold by
Francisco Licea
Bought by
Licea Francisco
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Martinez Martinez Raul $675,000 Old Republic Title Co
Licea Francisco Op -- None Available
Licea Francisco -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Martinez Martinez Raul $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2018 07/30/18 Sold $675,000 +12.7% $781 / Sq Ft
07/19/2018 07/19/18 Pending -- -- --
07/13/2018 07/13/18 For Sale $599,000 -- $693 / 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 $10,916 $760,370 $669,309 $91,061
2024 $10,916 $738,207 $656,186 $82,021
2023 $10,669 $723,733 $643,320 $80,413
2022 $10,320 $709,543 $630,706 $78,837
2021 $10,810 $695,632 $618,340 $77,292
2020 $9,954 $688,500 $612,000 $76,500
2019 $9,716 $675,000 $600,000 $75,000
2018 $2,228 $31,833 $20,225 $11,608
2017 $2,182 $31,210 $19,829 $11,381
2016 $1,971 $30,599 $19,441 $11,158
2015 $2,448 $30,140 $19,149 $10,991
2014 $1,062 $29,550 $18,774 $10,776
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81714508

MLSListings

APN: 481-12-082