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1281 Settle Avenue

1281 Settle Avenue, San Jose, CA 95125
Property in Willow Glen
Sold Apr 05, 2019
$2,650,000
$1,507,000 by Morgan Stanley Private Bank Na
Mortgage Due Jul 01, 2051
Sold Aug 14, 2012
$1,642,500
$1,000,000 by Stanford Fcu
Mortgage Due Sep 01, 2042
Local assessors in San Jose, CA have categorized 1281 Settle Avenue as a residential type of property. The home was built in 2003 and is 21 years old. The property's lot size has been calculated to be 12,420 square feet. The linear feet between the front and back of the lot was measured at 2,070 ft and the front of the lot was measured at 600 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 10 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1281 Settle Avenue has a total of 2,982 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 651 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a porch and a patio so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. Residents rely on air conditioning for their cooling system. The home's a forced air unit is the primary heating source. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1281 Settle Avenue sold most recently in Mar 21, 2019 for a total of $2,650,000. If you work out the math, that's approximately a cost of $888.67 per sqft. Before that, the property was also sold for $1,642,500 in Aug 8, 2012. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $34,583 in taxes each year. 1281 Settle Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $2,570,000. If we break it down further, the land itself was valued at $1,427,700. Improvements to the property, however, were assessed at a total of $1,142,300. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Wood
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,715
  • Garage Type: Garage
  • Garage Square Area: 651
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 12,420
  • Lot Size Depth Feet: 2,070
  • Lot Size Frontage Feet: 600
  • Total Building Area: 2,982
  • Gross Building Area: 3,417
  • Building Area: 2,982
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,982
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SMITH VILLA
  • Land Acres: 0.285
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 7

Ownership

  • Current Owner : AUYEUNG FRANK
  • Current Owner 2: WONG WING TAN
  • Previous Owner : CHAPMAN ROBERT
  • Previous Owner 2: CHAPMAN MARCEE
  • Owner Before Previous Owner: SLACK STUART B
  • Owner Before Previous Owner 2: SLACK MARLISA
  • Is Owner Occupied: Owner-occupied property
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: San Jose Unified School District
  • Census Tract: 502400

Zoning

  • Zoning: R1-8

Geography

  • Assessors Map Reference: 62-A6
  • Parcel: 429-05-019
  • Lot: 7
  • Municipality: SAN JOSE
  • Latitude: 37.3064
  • Longitude: -121.897

    Address

  • Full Address: 1281 Settle Ave
  • Address - House Number: 1281
  • Address - Street Name: Settle
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: San Jose
  • Carrier Code: C064
  • 4-Digit Zip Code: 2362
  • Zip Code: 95125

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $34,583
  • Tax Rate Code Area: 17-108

    Appraisal Valuation

  • Standard Deviation: 0.2017
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 72
  • Final Value: 2,794,749
  • High Value: 3,358,646
  • Low Value: 2,230,853

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,507,000
  • First Open Lien Mortgage Lender: MORGAN STANLEY PRIVATE BANK NA
  • First Open Lien Mortgage Recording Date: Jun 24, 2021
  • First Open Lien Mortgage Loan Amount: $1,507,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,570,000
  • Assessed Land Value: $1,427,700
  • Assessed Improvements Value: $1,142,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 21, 2019
  • Current Sale Recording Date: Apr 05, 2019
  • Current Sale Transaction ID: 11596080790
  • Current Sale Price: $2,650,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 24150822
  • Previous Sale Recording Date: Aug 14, 2012
  • Previous Sale Contract Date: Aug 08, 2012
  • Previous Sale Amount: $1,642,500
  • Previous Sale Document Type: Grant Deed

    Previous Mortgages

  • Previous Mortgage Lender: STANFORD FCU
  • Previous Mortgage Transaction Date: Aug 14, 2012
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $1,000,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Sep 01, 2042

About Willow Glen



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Frequently Asked Questions

What neighborhood is 1281 Settle Avenue located in?
The 1281 Settle Avenue is a located in the neighborhood of Willow Glen in Willow Glen, San Jose.
What is the average sales price for listings in 1281 Settle Avenue?
The average sales price for units in 1281 Settle Avenue is $0 currently.

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