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2585 Malaga Drive

2585 Malaga Drive, San Jose, CA 95125
Sold May 31, 2019
$1,480,000
$962,000 by Cathay Bank
Mortgage Due Jun 01, 2049
Sold Jul 12, 1994
$270,000
$216,000 by First Nationwide Bk
Mortgage Due Aug 01, 2024
2585 Malaga Drive has been categorized by the local assessors in San Jose, CA as a residential type of property. The building on the property was first built in 1961 and is 63 years old. The home has a total of 8 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 2585 Malaga Drive has 1,678 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,040 ft and across the front of the lot is 620 ft. The area measurement of the land has been determined as 6,448 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 399 sqft. According to our sources, there is one available parking space. Residents will have the luxury of enjoying both a porch and a screened patio. Love to swim? You'll be excited to find out that there is a both a pool and a spa on the property. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. In terms of heating, it is utilizing a heating system. There is a single fireplace in the home. Perfect for those wintery nights. 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, 2585 Malaga Drive was last sold in May 22, 2019 for $1,480,000. According to our calculations, that's $882.00 per sqft. Prior to that sales transaction, the property was sold for $270,000 in Jul 5, 1994. Current property owners are expected to pay $19,640 in taxes per year. The property on 2585 Malaga Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,586,854. To break that down further, the land itself was valued at $1,269,485. While improvements to the property were assessed at a total of $317,369. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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.

Building Features

Parking

Attached Garage
Open Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 399
  • Parking Space Count: 1
  • Patio Type: Patio - screened
  • Porch Type: Porch
  • Pool Type: Pool & spa (both)

    Dimensions

  • Lot Size Square Feet: 6,448
  • Lot Size Depth Feet: 1,040
  • Lot Size Frontage Feet: 620
  • Total Building Area: 1,678
  • Gross Building Area: 1,678
  • Building Area: 1,678
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 1,678
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WILLOW VALE
  • Land Acres: 0.148
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT 2480 WILLOW VALE BOOK 119 PAGE 56 LOT 218

Ownership

  • Current Owner : GUO FENGHAI
  • Current Owner 2: CAI LINGYAN
  • Previous Owner : WALLES KAREN L
  • Previous Owner 2: PLAZA MARK V
  • Owner Before Previous Owner: APPELQUIST FRANK T
  • Owner Before Previous Owner 2: APPELQUIST VIRGINIA A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: San Jose Unified School District
  • Census Tract: 502903

Zoning

  • Zoning: R1-8

Geography

  • Assessors Map Reference: 66-E4
  • Subdivision Tract Number: 2480
  • Parcel: 446-03-036
  • Lot: 218
  • Municipality: SAN JOSE
  • Latitude: 37.2773
  • Longitude: -121.908

    Address

  • Full Address: 2585 Malaga Dr
  • Address - House Number: 2585
  • Address - Street Name: Malaga
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: San Jose
  • Carrier Code: C015
  • 4-Digit Zip Code: 5839
  • Zip Code: 95125

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $19,640
  • Tax Rate Code Area: 17-108

    Appraisal Valuation

  • Standard Deviation: 0.1974
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 73
  • Final Value: 1,919,177
  • High Value: 2,298,147
  • Low Value: 1,540,207

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $962,000
  • First Open Lien Mortgage Lender: CATHAY BANK
  • First Open Lien Mortgage Recording Date: May 31, 2019
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $962,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2049

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,586,854
  • Assessed Land Value: $1,269,485
  • Assessed Improvements Value: $317,369

    Sales

  • Current Sale Contract Date: May 22, 2019
  • Current Sale Recording Date: May 31, 2019
  • Current Sale Transaction ID: 11612959332
  • Current Sale Price: $1,480,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 24192757
  • Previous Sale Recording Date: Jul 12, 1994
  • Previous Sale Contract Date: Jul 05, 1994
  • Previous Sale Amount: $270,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: CATHAY BANK
  • First Mortgage Transaction Date: May 31, 2019
  • First Mortgage Loan Amount: $962,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Jun 01, 2049

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: FIRST NATIONWIDE BK
  • Previous Mortgage Transaction Date: Jul 12, 1994
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $216,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Aug 01, 2024

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Frequently Asked Questions

What neighborhood is 2585 Malaga Drive located in?
The 2585 Malaga Drive is a house located in the neighborhood of Willow Glen South-Lincoln Glen in Willow Glen, San Jose.
What is the average sales price for listings in 2585 Malaga Drive?
The average sales price for units in 2585 Malaga Drive is $0 currently.

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