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1751 Fortune Drive

1751 Fortune Drive, San Jose, CA 95131
Property in Berryessa
1751 Fortune Drive in San Jose, CA was first built in 1979 and is 45 years old. Although, the building on the property was most recently renovated and altered in 1980. This has been categorized as a industrial property type. For those interested in architecture, the building on the property was built in a style that we are currently unable to determine. It is a single story home. In total, the area measurement of the land is 267,458 square feet.

Learn more about the property and building on this page. The building type has been coded as 3. The code stands for buildings that have exterior walls made of non-combustible material. The interior partitions and roof structure are combustible materials. For example, the building may have concrete floors or a wood frame. The home has a flat style roof made of tar and gravel. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with concrete control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as average. The exterior walls of the home are made of tilt-up (pre-cast concrete). Walk into the home itself and you'll find that it is currently being cooled with air conditioning. The property was last sold in Jul 2, 2019 for $373,500. That's $16.55 per sqft. Prior to that sales transaction, the property was also sold in May 16, 2019 for $382,000. 1751 Fortune Drive was last assessed in 2018. The total value of the property was assessed at $16,932,000. Specifically, the land the property is located on was valued at $10,812,000. While improvements on the property were assessed at a total of $6,120,000. 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 $226,318. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. 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.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1980
  • Building Count: 4
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Concrete
  • Building Style: Other
  • Exterior Walls Type: Tilt-up (pre-cast concrete)
  • Roof Shape Type: Flat
  • Roof Cover Type: Tar and gravel
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 267,458
  • Total Building Area: 22,572
  • Gross Building Area: 22,572
  • Building Area: 22,572
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Building Type: Exterior non-combustible materials/Interior combustible materials
  • Property Class: Industrial
  • Subdivision: 1751 FORTUNE DRIVE OF FORTUNE CENTER
  • Land Acres: 6.14
  • Standard Land Use Code: Industrial (general)
  • County Land Use Code: Surface rights (grazing, timber, coal)
  • Legal Description 1: BLK B LOT 11 RECORDER'S BOOK 388 PAGE 19

Ownership

  • Current Owner : TAM YAM SOON
  • Current Owner 2: TAM AMY MING YING
  • Previous Owner : LUONG QUANG
  • Owner Before Previous Owner: FORTUNE LLC
  • Ownership Rights Codes: Company/Corporation

Neighborhood

  • Census Tract: 504322

Zoning

  • Zoning: I

Geography

  • Parcel: 244-17-006 01
  • Municipality: SAN JOSE
  • Latitude: 37.4017
  • Longitude: -121.897

    Address

  • Full Address: 1751 Fortune Dr
  • Address - House Number: 1751
  • Address - Street Name: Fortune
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: San Jose
  • Carrier Code: C020
  • 4-Digit Zip Code: 1705
  • Zip Code: 95131

Valuation

    Tax

  • Tax Year: 2018
  • Tax Amount: $226,318
  • Tax Rate Code Area: 17-072

    Appraisal Valuation

  • Valuation Date: Jan 01, 1900

    Assessments Valuation

  • Assessed Year: 2018
  • Assessed Total Value: $16,932,000
  • Assessed Land Value: $10,812,000
  • Assessed Improvements Value: $6,120,000

    Sales

  • Current Sale Contract Date: Jul 02, 2019
  • Current Sale Recording Date: Jul 03, 2019
  • Current Sale Transaction ID: 11619131082
  • Current Sale Price: $373,500
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 24218568
  • Previous Sale Recording Date: May 21, 2019
  • Previous Sale Contract Date: May 16, 2019
  • Previous Sale Amount: $382,000
  • Previous Sale Document Type: Grant Deed

    Previous Mortgages

  • Previous Mortgage Lender: HARVEST COMMERCIAL CAPITAL LLC
  • Previous Mortgage Transaction Date: May 21, 2019
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $200,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Berryessa



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Nearby Rentals

Unit for rent at 2918 Bewcastle Ct, San Jose, CA, 95132

$4,400 /mo

  • 4 Beds
  • 2 Baths
  • 1,692 ft²
2918 Bewcastle Ct, San Jose, CA, 95132 Listing by Syed (sid) Farhan

Frequently Asked Questions

What neighborhood is 1751 Fortune Drive located in?
The 1751 Fortune Drive is a located in the neighborhood of Berryessa in Berryessa, San Jose.
What is the average sales price for listings in 1751 Fortune Drive?
The average sales price for units in 1751 Fortune Drive is $0 currently.

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