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1618 Virginia Ave San Jose, CA 95116

$1,450,000 Sold Price as of 10/02/2020

10 Beds
-- Baths
3,859 Sq.Ft.

Sold

$1,450,000 Sold Price as of 10/02/2020 Refinance Your Mortgage

Map preview of 1618 Virginia Ave, San Jose, CA 95116

Property Overview: 1618 Virginia Ave San Jose, CA has 10 bedrooms, -- bathrooms, 3,859 living square feet and 6,389 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: TWO (2) 3BED/2BATH and TWO (2) 2BED/1BATH units *** LARGE BALCONIES AND PRIVATE BACKYARDS *** TOWNHOUSE STYLE UNITS *** The fourplex located in San Jose, the heart of Silicon Valley. The property sits on just under 6,389 square feet of low maintenance land and was originally constructed in 1962. The property boasts just over 3,850 square feet of living space *** The property sits just outside the eastern border of the rapidly expanding Downtown San Jose corridor *** The property offers access to the countries most expansive employment market and at the same time provides residents with a suburban feel *** The same owner keeps property for more than 41 years****The perfect opportunity for an investor or owner-user, this property is priced to sell quickly. Recent closings on Virginia Ave range between $1,600,000 - $1,650,000 ***

Listed by Truman Nhu | BRE #01110101 | Century 21 Real Estate Alliance
Co-listed by Alexia Nguyen | BRE #01262272 | Century 21 Real Estate Alliance

Last checked: 15 minutes ago | Last updated: June 11th, 2022 | Source CRMLS | DOM: 77

Home details

Lot Sq. Ft: 6,389
HOA Dues: $0/mo
Year built: 1962
Garage: --
Property Type:: Fourplex

Status: Sold
MLS#: ML81792524
City: San Jose
County: Santa Clara
Time on Site: 1367 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: --
Total # of Buildings: 1

Unit Breakdown 1

# of Units: --
# of Beds: 3
# of Baths: --
Actual Rent: $1,760
Total Rent: --

Unit Breakdown 2

# of Units: --
# of Beds: 3
# of Baths: --
Actual Rent: $2,150
Total Rent: --

Unit Breakdown 3

# of Units: --
# of Beds: 2
# of Baths: --
Actual Rent: $2,250
Total Rent: --

Unit Breakdown 4

# of Units: --
# of Beds: 2
# of Baths: --
Actual Rent: $1,530
Total Rent: --

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 3.71%
Gross Rent Multiplier: --
Gross Scheduled Income: $92,280
Net Operating Income: --
Gross Operating Income: --
Other Income 1: $0

Annual Expense Breakdown

Total Operating Expense: --
Trash: $2,280
Insurance: $1,200
Maintenance: $1,000
Other Expenses: $0

Property Details for 1618 Virginia Ave

Interior Features

Cooling Information

No Cooling
None

Heating Information

Has Heating
Wall Furnace

Exterior Features

Exterior Information

Roof: Tar/Gravel

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 2
Has Parking
Parking Features: Carport

Lot Information

Lot Size Source: Assessor

Property Information

Parcel Number: 48144047
Year Built Source: Assessor
Foundation Details: Slab
Accessibility Features: Other

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Not Part of Association

Utilities Information

Water Source: Public

View more facts & features

Local San Jose Agent

Sale History for 1618 Virginia Ave

Last sold for $1,450,000 on October 2nd, 2020

October, 2020
Oct 3, 2020

Date

Sold

CRMLS: ML81792524

$1,450,000

Price
Aug 5, 2020

Date

Pending

CRMLS: ML81792524

$1,550,000

Price
Jul 9, 2020

Date

Price Change

CRMLS: ML81792524

$1,550,000

Price
Jul 6, 2020

Date

Price Change

CRMLS: ML81792524

$1,599,000

Price
Jul 3, 2020

Date

Active

CRMLS: ML81792524

$1,599,950

Price
Jun 29, 2020

Date

Active Under Contract

CRMLS: ML81792524

$1,599,950

Price
Jun 25, 2020

Date

Price Change

CRMLS: ML81792524

$1,599,950

Price
May 15, 2020

Date

Price Change

CRMLS: ML81792524

$1,650,000

Price
May 14, 2020

Date

Active

CRMLS: ML81792524

$1,650,000

Price
October, 2020
Oct 2, 2020

Date

Sold (Public Records)

Public Records

$1,450,000

Price

Tax History for 1618 Virginia Ave

Assessed Value (2020): $243,620

Year	Land Value	Improved Value	Assessed Value
2020	$75,711	$167,909	$243,620

Home Value Compared to the Market

This property vs the competition

1618 Virginia Ave sold on October 2, 2020 for 8.77% higher than the current median sold price for the city of San Jose which is $1,425,000. The median sold price per/sqft for San Jose is $880 and this home is sold at $401.66 per/sqft which puts the price per square foot 54.36% lower than the current median sale per square foot for the city of San Jose.

About 1618 Virginia Ave

Detailed summary of property

1618 Virginia Ave is a fourplex that recently sold in San Jose, CA 95116. This fourplex offered 10 bedrooms, -- bathrooms, roughly 3,859 living square feet, and sits on an approximately 6,389 square foot lot. 1618 Virginia Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,450,000. Home in San Jose are selling for a median price of $1,425,000 and a median price per square foot of $880. Based on Ardent Real Estate Group's San Jose Market Data, this home is sold 8.77% higher than the current median priced home. Local homes that are currently for sale include 3501 Keystone Ave, 633 N Vista St and 1451 S Holt Ave. While the average home in San Jose, CA is selling in 252 days, 1618 Virginia Ave has a days on market of 77 days. There are currently 3514 homes for sale in the San Jose real estate market and 2417 of them are single family homes while 670 of them are condos and 423 are townhomes. For more information on this home for sale at 1618 Virginia Ave San Jose, CA 95116 contact Ardent Real Estate Group and we will put you in touch with one of our San Jose agents.

Public Facts for 1618 Virginia Ave

Public county record property details

Beds: --
Baths: --
Year built: 1962
Sq. Ft.: 3,859
Lot Size: 6,327
Stories: 2

Type: Triplex (3 Units, Any Combination)
Pool: No
Spa: No
County: Santa Clara
Lot#: --
APN: 481-44-047

The source for these homes facts are from public records.

95116 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$668,888

Median List Price/Sq.Ft.

$557

Median Sold Price

$880,008

Median Sold Price/Sq.Ft.

$813

Total Inventory

Median Sale to List Price %

99.1%

Avg Days on Market

Loan Type

Conventional (81.82%), FHA (0%), VA (9.09%), Cash (9.09%), Other (0%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message

(714) 706-1823

Homes for Sale Near 1618 Virginia Ave

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.