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2440 Balme Drive

2440 Balme Drive, San Jose, CA 95122
Property in Summerside
Sold Sep 20, 2021
$550,000
$412,500 by Rocket Mortgage Llc
Mortgage Due Oct 01, 2051
Sold Jan 28, 2000
$175,000
$169,750 by Crossland Mtg
Mortgage Due Feb 01, 2030
Local assessors in San Jose, CA have categorized 2440 Balme Drive as a residential type of property. The home was built in 1984 and is 40 years old. The property's lot size has been calculated to be 912 square feet. The linear feet between the front and back of the lot was measured at 440 ft and the front of the lot was measured at 220 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a condo style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 rooms in the home. Of these, 2 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 2 full bathrooms. There are also 2 partial bathrooms. 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 2440 Balme Drive has a total of 912 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 carport for those who need a place to park their vehicle. The garage on the property is 200 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has both a porch and a screened 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 - C. The home's a heating system 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, 2440 Balme Drive sold most recently in Sep 15, 2021 for a total of $550,000. If you work out the math, that's approximately a cost of $603.07 per sqft. Before that, the property was also sold for $175,000 in Jan 24, 2000. 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 $7,615 in taxes each year. 2440 Balme Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $561,000. If we break it down further, the land itself was valued at $280,500. Improvements to the property, however, were assessed at a total of $280,500. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Condo
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 200
  • Parking Space Count: 1
  • Patio Type: Patio - screened
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 912
  • Lot Size Depth Feet: 440
  • Lot Size Frontage Feet: 220
  • Total Building Area: 912
  • Gross Building Area: 912
  • Building Area: 912
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 912
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FAIRWOOD PARK PH 02
  • Land Acres: 0.021
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: TRACT 7375 FAIRWOOD PARK PHASE II BOOK 523 PAGE 47 PAGE 48

Ownership

  • Current Owner : DANG PATRICK
  • Current Owner 2: NGUYEN VAN D
  • Previous Owner : DICKERSON PAULETTE
  • Owner Before Previous Owner: DON FARRALES
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Franklin-McKinley Elementary School District
  • Census Tract: 503118

Zoning

  • Zoning: A-PD

Geography

  • Assessors Map Reference: 62-F5
  • Subdivision Tract Number: 7375
  • Parcel: 477-68-012
  • Lot: 1
  • Municipality: SAN JOSE
  • Latitude: 37.3157
  • Longitude: -121.838

    Address

  • Full Address: 2440 Balme Dr
  • Address - House Number: 2440
  • Address - Street Name: Balme
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: San Jose
  • Carrier Code: C005
  • 4-Digit Zip Code: 4207
  • Zip Code: 95122

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,615
  • Tax Rate Code Area: 17-172

    Appraisal Valuation

  • Standard Deviation: 0.1942
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 74
  • Final Value: 587,375
  • High Value: 701,450
  • Low Value: 473,300

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $412,500
  • First Open Lien Mortgage Lender: ROCKET MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Sep 20, 2021
  • First Open Lien Mortgage Loan Amount: $412,500
  • 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: Oct 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $561,000
  • Assessed Land Value: $280,500
  • Assessed Improvements Value: $280,500

    Sales

  • Current Sale Contract Date: Sep 15, 2021
  • Current Sale Recording Date: Sep 20, 2021
  • Current Sale Transaction ID: 11856743892
  • Current Sale Price: $550,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 25105935
  • Previous Sale Recording Date: Jan 28, 2000
  • Previous Sale Contract Date: Jan 24, 2000
  • Previous Sale Amount: $175,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: ROCKET MORTGAGE LLC
  • First Mortgage Transaction Date: Sep 20, 2021
  • First Mortgage Loan Amount: $412,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: CROSSLAND MTG
  • Previous Mortgage Transaction Date: Jan 28, 2000
  • Previous Mortgage Loan Amount: $169,750
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Feb 01, 2030

About South San Jose



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Frequently Asked Questions

What neighborhood is 2440 Balme Drive located in?
The 2440 Balme Drive is a located in the neighborhood of Summerside in South San Jose, San Jose.
What is the average sales price for listings in 2440 Balme Drive?
The average sales price for units in 2440 Balme Drive is $0 currently.

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