NOT LISTED FOR SALE
8 Beds
-- Bath
3,902 Sq Ft
5,663 Sq Ft Lot

Sale Details

Date Sold: November 4, 2014

Last sale price $2,277,000 $584 Per Sq Ft

19 Days on Market

About This Home

As of November 2014

Cupertino schools! Stunning renovations! Large 2 bedroom Townhouse Units! High Rents! All four unit have had complete interior renovations including new flooring, bathrooms, lighting fixtures, kitchens (quartz counters, stainless appliances, new cabinets), bathrooms with Carrara marble counters. New landscaping and paint. Copper plumbing. Approx two miles from Apple and its new "Spaceship" campus.

Last Agent to Sell the Property

Carlos Azucena

Marcus & Millichap License #01738155 Listed on: 09/03/2014

Last Buyer's Agent

User Faris-Taylor Team

Intero Real Estate Services License #00942462

Intero Real Estate Services
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Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 5,663

Parking

  • Carport

Home Design

  • Quadruplex
  • Tar and Gravel Roof

Interior Spaces

  • 3,902 Sq Ft Home
  • 2-Story Property
  • Carpet

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $131,760
  • The owner pays for electric, garbage, services - gardener/landscaping, hot water, water

Community Details

Overview

  • 3,902 Sq Ft Building

Building Details

  • Gardener Expense $1,200
  • Insurance Expense $1,200
  • Maintenance Expense $1,200
  • Other Expense $400
  • Utility Expense $1,400
  • Trash Expense $1,800
  • Operating Expense $35,399
  • Gross Income $128,583

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

5,663 Sq Ft Lot

Listing Details

  • Zoning: C1
  • Subclass: Fourplex
  • Inspections Reports: Flood Zone
  • Sale Price Per Sq Ft: 583.55
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 3902
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Kitchen: Dishwasher, Garbage Disposal, Microwave, Oven Range, Refrigerator
  • Living Sq Ft: 3902
  • Stories: 2
  • Laundry: Washer/Dryer - Leased Coin-Op
  • Flooring: Carpet

Exterior Features

  • Roof: Tar And Gravel

Garage/Parking

  • Garage Parking Features: Spaces Per Unit - 1, Carport

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Schools

  • High School: 259

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6000.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 6000.00
  • Lot Size Area Min Search: 6000.00
  • Maximum Lot Size: 6000.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr
  • Gross Rent Multiplier: 15.80

Multi Family

  • Expense Insurance: 1200
  • Expense Landscape: 1200
  • Expense Maintenance: 1200
  • Expenses Other: 400
  • Expenses Total: 35399
  • Expenses Utility: 1400
  • Expense Trash: 1800
  • Expense Water Sewer: 1400
  • Income Annual Gross: 128583.00
  • Income Annual Rental: 131760
  • Income Gross Scheduled: 132560
  • Income Includes: Laundry, Lease
  • Income Laundry: 800
  • Maximum Building Height: 2
  • Meters: Separate Electric, Separate Gas, Master Water
  • Minimum Building Height: 2
  • Number Of Buildings: 1
  • Operating Expenses Include: Utilities - Electric, Services - Trash Removal, Services - Gardener, Utilities - Hot Water, Utilities - Water, Insurance, Maintenance - Repair, Fee - Property Tax, Services - Sewer, Vacancy Factor
  • Owner Pays: Electric, Garbage, Services - Gardener/Landscaping, Hot Water, Water
  • Tenant Expenses: Utilities - Gas, Utilities - Heating, Utilities - Electric
  • Vacancy Amount: 3977
  • Vacancy Factor: 3

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
Sep 3, 2014
Closed on
Oct 27, 2014
Sold by
Bought by
Seller's Agent
Carlos Azucena
Marcus & Millichap
Buyer's Agent
User Faris-Taylor Team
Intero Real Estate Services
List Price
$2,095,000
Sold Price
$2,277,000
Premium/Discount to List
$182,000
8.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,448,650
Outstanding Balance
$997,475
Interest Rate
2.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 29, 2013
Sold by
Bought by

Purchase Details

Closed on
Jan 26, 2000
Sold by
Bought by

Purchase Details

Closed on
Dec 7, 1993
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
$2,277,000 Chicago Title Company
-- Chicago Title Company
-- --
-- Chicago Title Insurance Co
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 $1,448,650
Previous Owner $1,200,000
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
11/04/2014 11/04/14 Sold $2,277,000 +8.7% $584 / Sq Ft
09/22/2014 09/22/14 Pending -- -- --
09/03/2014 09/03/14 For Sale $2,095,000 -- $537 / 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 $33,022 $2,791,335 $1,982,253 $809,082
2025 $35,357 $2,736,604 $1,943,386 $793,218
2024 $35,357 $2,682,946 $1,905,281 $777,665
2023 $34,941 $2,630,340 $1,867,923 $762,417
2022 $33,645 $2,505,000 $1,760,000 $745,000
2021 $32,768 $2,528,203 $1,795,391 $732,812
2020 $33,332 $2,502,280 $1,776,982 $725,298
2019 $32,610 $2,453,217 $1,742,140 $711,077
2018 $31,682 $2,405,116 $1,707,981 $697,135
2017 $31,531 $2,357,958 $1,674,492 $683,466
2016 $30,586 $2,311,724 $1,641,659 $670,065
2015 $30,399 $2,277,000 $1,617,000 $660,000
2014 $14,856 $1,100,000 $570,000 $530,000
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML81432013

MLSListings

APN: 372-23-012

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