Seller's Agent in 2019
Brett Jennings
Real Estate Experts
(408) 427-9220
1 in this area
185 Total Sales
85 N Bascom Ave San Jose, CA 95128
Bascom-Forest NeighborhoodEstimated Value: $1,129,000 - $1,217,000
2
Beds
1
Bath
1,154
Sq Ft
$1,013/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Formal Dining Room
- South Facing Home
- Del Mar High School Rated A-
- Forced Air Heating System
- Wood Burning Fireplace
About This Home
As of March 2019"Location, location, location!" rings true for this renovation property. An inspired builder could make this a perfect single-family home or take advantage of the commercial potential. Close to Santana Row, Valley Fair, Downtown Campbell and Willow Glen. 2.5 miles to Downtown SJ, SAP Center, proposed Google Campus. Easy access to Highway 280 & 880/17. Close to Municipal Rose Garden, schools, retail shops, and public transportation. Includes 3-5 off-street parking spots. 1/4 basement. Lot currently used as residential property, but potential to be zoned for county commercial use as office/bank/clinic. This investment property would make a great space for pedestrian-oriented retail activity. Use existing floorplan or renovate completely for a multi-story office space. Buyer needs to do their own due-diligence as to what is allowed/required by the city in terms of future commercial development. Excellent potential & great opportunity to build!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $10,795
Year Built
- Built in 1918
Lot Details
- 3,790 Sq Ft Lot
- South Facing Home
Home Design
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 1,154 Sq Ft Home
- 1-Story Property
- Wood Burning Fireplace
- Formal Dining Room
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Parking
- 4 Parking Spaces
- On-Street Parking
- Off-Street Parking
Utilities
- Cooling System Mounted To A Wall/Window
- Forced Air Heating System
- Wood Insert Heater
Listing and Financial Details
- Assessor Parcel Number 274-41-006
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 19, 2019
Closed on
Mar 14, 2019
Sold by
Murphy Venona E and Meller Kenneth D
Bought by
Qureshi Sharmin
Seller's Agent
Brett Jennings
Real Estate Experts
Buyer's Agent
RECIP
Out of Area Office
List Price
$798,500
Sold Price
$700,000
Premium/Discount to List
-$98,500
-12.34%
Total Days on Market
19
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$468,940
Avg. Annual Appreciation
8.72%
Original Mortgage
$525,000
Interest Rate
4.4%
Mortgage Type
Commercial
Purchase Details
Listed on
Feb 19, 2019
Closed on
Mar 7, 2019
Sold by
Murphy Venona E
Bought by
Murphy Venona E and Meller Kenneth D
Seller's Agent
Brett Jennings
Real Estate Experts
Buyer's Agent
RECIP
Out of Area Office
List Price
$798,500
Sold Price
$700,000
Premium/Discount to List
-$98,500
-12.34%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
4.4%
Mortgage Type
Commercial
Purchase Details
Closed on
May 17, 1996
Sold by
Lowe Mildred M
Bought by
Murphy Venona E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
8.07%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Qureshi Sharmin | $700,000 | Old Republic Title Company | |
| Murphy Venona E | -- | Old Republic Title Company | |
| Murphy Venona E | $175,000 | Fidelity National Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Qureshi Sharmin | $545,650 | |
| Closed | Qureshi Sharmin | $525,000 | |
| Previous Owner | Meller Kenneth D | $150,000 | |
| Previous Owner | Murphy Venona E | $132,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/22/2019 03/22/19 | Sold | $700,000 | +16.9% | $607 / Sq Ft |
| 03/11/2019 03/11/19 | Pending | -- | -- | -- |
| 02/28/2019 02/28/19 | Price Changed | $599,000 | -25.0% | $519 / Sq Ft |
| 02/19/2019 02/19/19 | For Sale | $798,500 | -- | $692 / Sq Ft |
Source: MLSListings
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2023 | $10,795 | $750,539 | $696,930 | $53,609 |
| 2022 | $10,915 | $735,823 | $683,265 | $52,558 |
| 2021 | $10,812 | $721,396 | $669,868 | $51,528 |
| 2020 | $10,655 | $714,000 | $663,000 | $51,000 |
| 2019 | $4,611 | $245,703 | $96,790 | $148,913 |
| 2018 | $4,155 | $240,887 | $94,893 | $145,994 |
| 2017 | $3,996 | $236,165 | $93,033 | $143,132 |
| 2016 | $3,753 | $231,535 | $91,209 | $140,326 |
| 2015 | $3,660 | $228,058 | $89,839 | $138,219 |
| 2014 | $3,461 | $223,592 | $88,080 | $135,512 |
Source: Public Records
Agents Affiliated with this Home
-
Brett Jennings
-
R
Buyer's Agent in 2019
RECIP
Out of Area Office
Map
Similar Homes in San Jose, CA
Source: MLSListings
MLS Number: ML81739501
APN: 274-41-006
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