NOT LISTED FOR SALE
4 Beds
2 Baths
1,468 Sq Ft
5,001 Sq Ft Lot

Last Sold October 03, 2017

Last sale price $700,000 $477 Per Sq Ft

20 Days on Market

Highlights

  • Cottage
  • Double Pane Windows
  • Tile Flooring
  • Willow Glen High School Rated 9+
  • Tile Countertops
  • Forced Air Heating and Cooling System

About This Home

As of October 2017

Great investment Duplex Income Property! There are two properties on this one lot, making it a detached two unit duplex, totaling 1,468 SqFt, on 5,000 SqFt lot. Needs some TLC, but has lots of potential. 2Bed 1bath front unit approx 792 SqFt with some recent updates. Back unit has 2 bed 1bath, separate & private. Both Units have basements for extra storage.Property close to San Jose State University, shops & public transportation & near the new Google proposed downtown campus. Hurry bring your investor for this great income opportunity!

Last Agent to Sell the Property

A. L. Fernandez

Richard Tygerson, Broker License #01278669 Listed on: 09/01/2017

Last Buyer's Agent

Richard Tygerson

Richard Tygerson, Broker License #01109245

Property Details

Home Type

  • Multi-Family

Year Built

  • 1920

Lot Details

  • 5,001 Sq Ft Lot

Home Design

  • Duplex
  • Cottage
  • Wood Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,468 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Washer and Dryer Hookup

Kitchen

  • Tile Countertops
  • Formica Countertops

Flooring

  • Laminate
  • Tile

Parking

  • 2 Parking Spaces
  • No Garage
  • Uncovered Parking

Utilities

  • Forced Air Heating and Cooling System
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $37,200

Community Details

Overview

  • 1,468 Sq Ft Building

Building Details

  • 2 Leased Units
  • Gardener Expense $960
  • Insurance Expense $1,200
  • Maintenance Expense $2,500
  • Trash Expense $720
  • Operating Expense $7,839
  • Gross Income $37,200

Property Details

Home Type

Multi-Family

Year Built

1920

Lot Details

0

Listing Details

  • Zoning: RM
  • Subclass: Duplex
  • Style: Cottage
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1468
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1920

Interior Features

  • Kitchen: Countertop - Formica, Countertop - Tile
  • Living Sq Ft: 1468
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Laminate, Tile

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Shingle
  • Construction Type: Wood, Wood Frame

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: No Garage, Parking Area, Uncovered Parking

Utilities

  • Cooling System: Central Ac, Central Forced Air - Gas
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer Connected, Sewer In Street

Schools

  • High School: 350

Lot Info

  • Lot Acres: 0.1148
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5000.00

Green Features

  • Energy Features: Double Pane Windows

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written, Month To Month
  • Gross Rent Multiplier: 18.81
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1200
  • Expense Landscape: 960
  • Expense Maintenance: 2500
  • Expenses Total: 7839
  • Expense Trash: 720
  • Income Annual Gross: 37200.00
  • Income Annual Rental: 37200
  • Income Gross Scheduled: 37200
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/03/2017 10/03/17 Sold $700,000 0.0% $477 / Sq Ft
09/22/2017 09/22/17 Pending -- -- --
09/01/2017 09/01/17 For Sale $699,888 -- $477 / 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 $11,482 $796,475 $591,668 $204,807
2024 $11,482 $780,859 $580,067 $200,792
2023 $11,229 $765,549 $568,694 $196,855
2022 $11,105 $750,540 $557,544 $192,996
2021 $10,819 $735,824 $546,612 $189,212
2020 $10,503 $728,280 $541,008 $187,272
2019 $10,241 $714,000 $530,400 $183,600
2018 $10,115 $700,000 $520,000 $180,000
2017 $2,616 $67,029 $20,078 $46,951
2016 $2,460 $65,716 $19,685 $46,031
2015 $2,424 $64,730 $19,390 $45,340
2014 $1,491 $63,463 $19,011 $44,452
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81676271

MLSListings

APN: 264-36-045