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1939 Monterey Highway

1939 Monterey Highway, San Jose, CA 95112
Commercial in South San Jose
Local assessors in San Jose, CA have categorized 1939 Monterey Highway as a office type of property. The home was built in 2001 and is 23 years old. The property's lot size has been calculated to be 4,554 square feet. 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 1939 Monterey Highway has a total of 1,903 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. Moving onto specific details regarding the building. Our sources show that the building condition is good. Residents rely on air conditioning for their cooling system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1939 Monterey Highway was last sold in Dec 18, 2019 for $1,500,000. According to our calculations, that's $788.23 per sqft. Prior to that sales transaction, the property was sold for $5,830,000 in Nov 19, 2003. Current property owners are expected to pay $7,939 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 1900. The property on 1939 Monterey Highway was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $536,098. To break that down further, the land itself was valued at $311,147. While improvements to the property were assessed at a total of $224,951. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. 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.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can 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: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Good
  • Floor Count: 1
  • Living Units: 1
  • Business/Commerical Units Count: 52
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,554
  • Total Building Area: 1,903
  • Gross Building Area: 1,903
  • Building Area: 1,903
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 1,903
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Office
  • Land Acres: 0.105
  • Standard Land Use Code: Financial bldg
  • Legal Description 1: TRACT 9222

Ownership

  • Current Owner : L3R PROPERTIES LLC
  • Previous Owner : TRINH CYNTHIA D
  • Previous Owner 2: PHAM TOM
  • Owner Before Previous Owner: 1931 MONTEREY LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Franklin-McKinley Elementary School District
  • Census Tract: 503121

Zoning

  • Zoning: IP

Geography

  • Subdivision Tract Number: 9222
  • Parcel: 456-12-002
  • Municipality: SAN JOSE
  • Latitude: 37.3065
  • Longitude: -121.868

    Address

  • Full Address: 1939 Monterey Hwy
  • Address - House Number: 1939
  • Address - Street Name: Monterey
  • Address - Suffix Type: Hwy
  • State: CA
  • City Name: San Jose
  • Carrier Code: C026
  • 4-Digit Zip Code: 6149
  • Zip Code: 95112

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,939
  • Intital Tax Deliquent Year: 1900
  • Tax Rate Code Area: 17-016

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $536,098
  • Assessed Land Value: $311,147
  • Assessed Improvements Value: $224,951

    Sales

  • Current Sale Contract Date: Dec 18, 2019
  • Current Sale Recording Date: Dec 23, 2019
  • Current Sale Transaction ID: 11711566522
  • Current Sale Price: $1,500,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 24363876
  • Previous Sale Recording Date: Dec 04, 2003
  • Previous Sale Contract Date: Nov 19, 2003
  • Previous Sale Amount: $5,830,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Dec 23, 2019
  • First Mortgage Loan Amount: $750,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

About South San Jose



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Frequently Asked Questions

What neighborhood is 1939 Monterey Highway located in?
The 1939 Monterey Highway is a commercial located in the neighborhood of South San Jose in South San Jose, San Jose.
What is the average sales price for listings in 1939 Monterey Highway?
The average sales price for units in 1939 Monterey Highway is $0 currently.

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