NOT LISTED FOR SALE

Estimated Value: $1,054,000 - $1,234,761

4 Beds
2 Baths
1,294 Sq Ft
$878/Sq Ft Est. Value

Last Sold September 29, 2017

Last sale price $700,000 $541 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $6,900/month

41 Days on Market

Highlights

  • Wood Flooring
  • High Ceiling
  • Tile Countertops
  • Victorian Architecture
  • Tandem Parking
  • Storage Room

About This Home

As of September 2017

Fantastic opportunity to own this classic, old world charm Victorian in downtown San Jose. Great investment property and great set up for an owner who might want to live in the front and rent out the attached 1br/1ba with additional basement access. New paint in and out, refinished hardwood floors, new vinyl, crown and baseboard molding, high ceilings, large enclosed front porch, new white picket fence and low-maintenance landscaping. Living room was used as a bedroom to make the front unit a 3bd/1ba. Close to San Jose State University, downtown San Jose and easy access to 280/87/101. Lots of potential- Don't miss this opportunity!

Last Agent to Sell the Property

Barb Conkin-Orrock

Compass License #00943512 Listed on: 08/09/2017

Compass

Last Buyer's Agent

Victor Yang

Brook Top Investments License #01436059

Property Details

Home Type

  • Multi-Family

Year Built

  • 1900

Lot Details

  • 5,519 Sq Ft Lot
  • Fenced
  • Level Lot
  • Back Yard

Home Design

  • Duplex
  • Victorian Architecture
  • Pillar, Post or Pier Foundation
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,294 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Ceiling Fan
  • Storage Room
  • Washer and Dryer
  • Finished Basement

Kitchen

  • Gas Oven
  • Range Hood
  • Tile Countertops

Flooring

  • Wood
  • Tile
  • Vinyl

Parking

  • 3 Parking Spaces
  • 1 Carport Space
  • Tandem Parking
  • Unassigned Parking

Additional Features

  • Shed
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $56,400

Community Details

Overview

Building Details

  • Gardener Expense $600
  • Insurance Expense $1,200
  • Utility Expense $360
  • Trash Expense $480
  • Operating Expense $6,240
  • Gross Income $56,400

Property Details

Home Type

Multi-Family

Year Built

1900

Lot Details

5,519 Sq Ft Lot

Listing Details

  • Zoning: RM
  • Subclass: Duplex
  • Style: Victorian
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1294
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Kitchen: Appliances - Vary By Unit, Countertop - Other, Countertop - Tile, Hood Over Range, Oven Range - Gas, Pantry Cabinet, Refrigerator
  • Living Sq Ft: 1294
  • Stories: 1
  • Laundry: Hookups Only, Washer/Dryer - Some Units
  • Flooring: Hardwood, Tile, Vinyl / Linoleum
  • Additional Rooms: Basement - Finished, Storage

Exterior Features

  • Foundation: Concrete Perimeter And Slab, Post And Pier
  • Roof: Composition
  • Yard/Grounds: Back Yard, Fenced, Storage Shed / Structure

Garage/Parking

  • Parking Spaces: 3
  • Garage Parking Features: Carport, Parking Restrictions, Tandem Parking, Unassigned Spaces
  • Carport Min: 1

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: High Ceiling

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1267
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5520.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5520.00

Rental Info

  • Gross Rent Multiplier: 12.39

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1200
  • Expense Landscape: 600
  • Expenses Total: 6240
  • Expenses Utility: 360
  • Expense Trash: 480
  • Income Annual Gross: 56400.00
  • Income Annual Rental: 56400
  • Income Gross Scheduled: 56400
  • Income Includes: Rents
  • Meters: Master Electric, Master Gas, Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Loan - Principle & Interest, Maintenance, Services - Gardener, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Rent Only, Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2017
Closed on
Sep 21, 2017
Sold by
Morley Erc J and Tunter Holly J
Bought by
Yang Victor
Seller's Agent
Barb Conkin-Orrock
Compass
Buyer's Agent
Victor Yang
Brook Top Investments
List Price
$799,000
Sold Price
$700,000
Premium/Discount to List
-$99,000
-12.39%
Current Estimated Value
$1,136,440

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$436,440
Avg. Annual Appreciation
5.89%

Purchase Details

Closed on
Oct 20, 2009
Sold by
Morley Eric J and Hunter Holly J
Bought by
Morley Eric J and Hunter Holly J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2009
Sold by
Moody Donald R and Reed Frank
Bought by
Ross Daniel L and Morley Hunter Partners Llc

Purchase Details

Closed on
Oct 3, 2008
Sold by
Ross Deborah
Bought by
Ross Daniel L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Yang Victor $700,000 Stewart Title Of Ca Inc
Morley Eric J -- Old Republic Title Company
Morley Eric J $110,000 Old Republic Title Company
Ross Daniel L $225,000 Old Republic Title Company
Ross Daniel L -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Morley Eric J $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2017 09/29/17 Sold $700,000 +0.1% $541 / Sq Ft
09/20/2017 09/20/17 Pending -- -- --
09/15/2017 09/15/17 Price Changed $699,000 -6.7% $540 / Sq Ft
09/08/2017 09/08/17 Price Changed $749,000 -6.3% $579 / Sq Ft
09/07/2017 09/07/17 For Sale $799,000 0.0% $617 / Sq Ft
08/30/2017 08/30/17 Pending -- -- --
08/09/2017 08/09/17 For Sale $799,000 -- $617 / 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 $11,841 $969,454 $500,643 $468,811
2024 $11,841 $820,000 $420,000 $400,000
2023 $11,055 $765,000 $395,000 $370,000
2022 $12,849 $913,540 $471,768 $441,772
2021 $10,497 $735,824 $462,518 $273,306
2020 $9,633 $728,280 $457,776 $270,504
2019 $9,947 $714,000 $448,800 $265,200
2018 $9,893 $700,000 $440,000 $260,000
2017 $4,680 $294,503 $203,751 $90,752
2016 $4,627 $288,729 $199,756 $88,973
2015 $4,586 $284,393 $196,756 $87,637
2014 $4,103 $278,823 $192,902 $85,921
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81673397

MLSListings

APN: 472-23-048

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