NOT LISTED FOR SALE

Estimated Value: $1,892,000 - $2,820,000

7 Beds
4 Baths
2,880 Sq Ft
$775/Sq Ft Est. Value

Last Sold May 02, 2014

Last sale price $970,500 $337 Per Sq Ft

Est. 130% increase in value since last sale

Current estimated payment $13,097/month

146 Days on Market

Highlights

  • Wood Flooring
  • Neighborhood Views
  • Forced Air Heating System
  • Booksin Elementary Rated A-
  • Community Barbecue Grill

About This Home

As of May 2014

Chance of lifetime to own an immaculate building w/3 units. A fantastic investment opportunity where you can live in one rent the others! Main house with 3 beds 2 baths, basement has separate back entrance offering 2 beds and 1 bath. It has been recently remodeled from A to Z with new/Stainless Steel appliances, dual panel windows&dress with new inside & outside pains. Guest unit has 2 beds 1 bath

Last Agent to Sell the Property

Bridgete Tam Nguyen

Sunrise Realty License #01140559 Listed on: 11/02/2013

Last Buyer's Agent

Marc Blaauw

Frangadakis Corporation License #01873996

Frangadakis Corporation

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,530

Year Built

  • 1948

Lot Details

  • 9,670

Parking

  • Carport

Home Design

  • Triplex
  • Shingle Roof

Interior Spaces

  • 2,880 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Laminate
  • Tile

Utilities

  • Forced Air Heating System
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $69,600

Community Details

Overview

  • 3 Units
  • 2,880 Sq Ft Building

Amenities

  • Community Barbecue Grill

Building Details

  • Gardener Expense $540
  • Insurance Expense $800
  • Maintenance Expense $1,200
  • Operating Expense $10,141
  • Gross Income $69,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,530

Year Built

1948

Lot Details

0

Listing Details

  • Zoning: R1-8
  • Subclass: Triplex
  • Age: 66
  • Inspections Reports: Fault Zone, Geological/Flood, Flood Zone
  • Sale Price Per Sq Ft: 336.98
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 3
  • Min Numberof Unitsin Complex: 3
  • Structure Sq Ft: 2880
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1948

Interior Features

  • Kitchen: Dishwasher, Varies By Unit, Garbage Disposal, Oven Range, Refrigerator
  • Living Sq Ft: 2880
  • Stories: 2
  • Laundry: 220 Volt Outlet, In Some Units
  • Flooring: Tile, Laminate, Hardwood

Exterior Features

  • Roof: Shingle
  • View: Local/Neighborhood

Garage/Parking

  • Garage Parking Features: Carport

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Condo/Co-op/Association

  • HOA Amenities: Bbq Area

Schools

  • School District: San Jose Unified

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9660.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 9660.00
  • Lot Size Area Min Search: 9660.00
  • Maximum Lot Size: 9660.00

Rental Info

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

Multi Family

  • Expense Insurance: 800
  • Expense Landscape: 540
  • Expense Maintenance: 1200
  • Expenses Total: 10141
  • Income Annual Gross: 69600.00
  • Income Annual Rental: 69600
  • Income Gross Scheduled: 69600
  • Income Includes: Lease
  • Maximum Building Height: 2
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Minimum Building Height: 2
  • Number Of Buildings: 2
  • Operating Expenses Include: Insurance, Fee - Property Tax
  • Tenant Expenses: Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Cable Tv, Utilities - Electric, Services - Trash Removal

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 14, 2018
Sold by
Nobbmann Ulf and Nobbmann Sylvia
Bought by
Nobbman Ulf and Nobbman Sylvia
Current Estimated Value
$2,232,823

Purchase Details

Listed on
Nov 2, 2013
Closed on
Apr 18, 2014
Sold by
Tonnu Nhu Hanh
Bought by
Nobbmann Ulf and Nobbmann Sylvia
Seller's Agent
Bridgete Tam Nguyen
Sunrise Realty
Buyer's Agent
Marc Blaauw
Frangadakis Corporation
List Price
$1,099,900
Sold Price
$970,500
Premium/Discount to List
-$129,400
-11.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.53%
Original Mortgage
$710,000
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 6, 2006
Sold by
Tonnu Nhu Hanh
Bought by
Tonnu Nhu Hanh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
6.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 2006
Sold by
Tonnu Nhu Hanh
Bought by
Tonnu Nhu Hanh and Nhu Hanh Tonnu Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Interest Rate
6.3%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 20, 2004
Sold by
Tonnu Nhu Hanh
Bought by
Tonnu Nhu Hanh

Purchase Details

Closed on
Dec 27, 2000
Sold by
Meidinger Ruth H and Meidinger Ruth H
Bought by
Tonnu Nhu Hanh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.89%
Source: Public Records

Range of Values:

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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
Nobbman Ulf -- None Available
Nobbmann Ulf $970,500 Fidelity National Title Co
Tonnu Nhu Hanh -- First American Title Company
Tonnu Nhu Hanh -- First American Title
Tonnu Nhu Hanh -- Commonwealth Land Title
Tonnu Nhu Hanh -- Commonwealth Land Title
Tonnu Nhu Hanh -- --
Tonnu Nhu Hanh $550,000 First American Title Guarant
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nobbmann Ulf $710,000
Previous Owner Tonnu Nhu Hanh $375,000
Previous Owner Tonnu Nhu Hanh $370,000
Previous Owner Tonnu Nhu Hanh $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/02/2014 05/02/14 Sold $970,500 -11.8% $337 / Sq Ft
03/28/2014 03/28/14 Pending -- -- --
11/02/2013 11/02/13 For Sale $1,099,900 -- $382 / 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 $15,530 $1,189,465 $892,057 $297,408
2024 $15,530 $1,166,143 $874,566 $291,577
2023 $15,231 $1,143,278 $857,418 $285,860
2022 $15,081 $1,120,861 $840,606 $280,255
2021 $14,753 $1,098,884 $824,124 $274,760
2020 $14,364 $1,087,617 $815,674 $271,943
2019 $14,035 $1,066,292 $799,681 $266,611
2018 $13,885 $1,045,385 $784,001 $261,384
2017 $13,768 $1,024,888 $768,629 $256,259
2016 $13,550 $1,004,793 $753,558 $251,235
2015 $13,468 $989,701 $742,239 $247,462
2014 $10,352 $781,726 $553,143 $228,583
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81339941

MLSListings

APN: 439-17-077