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1462 Merry Lane

1462 Merry Lane, San Jose, CA 95128
Multifamily in David-Rosemary
Sold Oct 07, 2019
$1,225,000
$800,000 by Home Point Financial Corporati
Mortgage Due Mar 01, 2036
Local assessors in San Jose, CA have categorized 1462 Merry Lane as a residential type of property. The home was built in 1958 and is 66 years old. The property's lot size has been calculated to be 7,192 square feet. The linear feet between the front and back of the lot was measured at 1,160 ft and the front of the lot was measured at 630 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a Spanish style. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1462 Merry Lane has a total of 2,180 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 attached garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. 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 - C. Residents rely on no air conditioning for their cooling system. The home's no heating system is the primary heating source and it is being fueled with nothing. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Oct 2, 2019 for $1,225,000. That's $561.93 per sqft. 1462 Merry Lane was last assessed in 2023. The total value of the property was assessed at $1,287,692. Specifically, the land the property is located on was valued at $946,060. While improvements on the property were assessed at a total of $341,632. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $17,684. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Parking

Attached Garage
On-Street Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Spanish
  • Floor Count: 1
  • Living Units: 2
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 7,192
  • Lot Size Depth Feet: 1,160
  • Lot Size Frontage Feet: 630
  • Total Building Area: 2,180
  • Gross Building Area: 2,180
  • Building Area: 2,180
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: No air conditioning
  • Heating: None
  • Heated Square Feet: 2,180
  • Heating Fuel Type: None

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MAP OF TRACT NO 2059
  • Land Acres: 0.165
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: LOT 4

Ownership

  • Current Owner : NGUYEN KALLY
  • Current Owner 2: TRAN DUC
  • Previous Owner : BARTHOLOMEW WALTER E

Neighborhood

  • School District Name: Campbell Union Elementary School District
  • Census Tract: 506402

Zoning

  • Zoning: R2

Geography

  • Subdivision Tract Number: 2059
  • Parcel: 279-28-069
  • Municipality: SAN JOSE
  • Latitude: 37.2969
  • Longitude: -121.945

    Address

  • Full Address: 1462 Merry Ln
  • Address - House Number: 1462
  • Address - Street Name: Merry
  • Address - Suffix Type: Ln
  • State: CA
  • City Name: San Jose
  • Carrier Code: C020
  • 4-Digit Zip Code: 4452
  • Zip Code: 95128

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $17,684
  • Tax Rate Code Area: 17-021

    Appraisal Valuation

  • Standard Deviation: 0.4237
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 15
  • Final Value: 1,217,040
  • High Value: 1,732,700
  • Low Value: 701,379

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $800,000
  • First Open Lien Mortgage Lender: HOME POINT FINANCIAL CORPORATI
  • First Open Lien Mortgage Recording Date: Feb 24, 2021
  • First Open Lien Mortgage Loan Amount: $800,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2036

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,287,692
  • Assessed Land Value: $946,060
  • Assessed Improvements Value: $341,632

    Sales

  • Current Sale Contract Date: Oct 02, 2019
  • Current Sale Recording Date: Oct 07, 2019
  • Current Sale Transaction ID: 11659362698
  • Current Sale Price: $1,225,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 24298952

    Last Sale Mortgage

  • First Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Mortgage Transaction Date: Oct 07, 2019
  • First Mortgage Loan Amount: $857,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2034

About Winchester



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Frequently Asked Questions

What neighborhood is 1462 Merry Lane located in?
The 1462 Merry Lane is a multifamily located in the neighborhood of David-Rosemary in Winchester, San Jose.
What is the average sales price for listings in 1462 Merry Lane?
The average sales price for units in 1462 Merry Lane is $0 currently.

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