Check Availability

297 East Reed Street

297 East Reed Street, San Jose, CA 95112
Multifamily in South Campus
Sold Jul 10, 2019
$1,580,000
$980,000 by Wells Fargo Bank Na
Mortgage Due Aug 01, 2049
Sold Jun 16, 2017
$1,250,000
$460,000 by Ditech Financial Llc
Mortgage Due Jul 01, 2047
297 East Reed Street in San Jose, CA was first built in 1898 and is 126 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a Spanish style. There are a total of 2 floors. 297 East Reed Street has 3,642 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 690 ft and the linear feet between the front and back of the lot is 1,380. In total, the area measurement of the land is 9,522 square feet.

Learn more about the property and building on this page. There is a patio. For those who need parking, there is a attached garage. There are a total of 3 available parking spaces. 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 wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. Walk into the home itself and you'll find that it is currently being cooled with no air conditioning. As for heating, the home is utilizing no heating system and being fueled with nothing. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 297 East Reed Street sold most recently in Jul 8, 2019 for a total of $1,580,000. If you work out the math, that's approximately a cost of $433.83 per sqft. Before that, the property was also sold for $1,250,000 in Jun 7, 2017. 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 $23,408 in taxes each year. 297 East Reed Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,660,860. If we break it down further, the land itself was valued at $1,182,575. Improvements to the property, however, were assessed at a total of $478,285. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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.

Building Features

Parking

Detached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1898
  • Effective Year Built: 1898
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Spanish
  • Floor Count: 2
  • Living Units: 4
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 3
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 9,522
  • Lot Size Depth Feet: 1,380
  • Lot Size Frontage Feet: 690
  • Total Building Area: 3,642
  • Gross Building Area: 3,642
  • Building Area: 3,642
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: No air conditioning
  • Heating: None
  • Heated Square Feet: 3,642
  • Heating Fuel Type: None

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SAN JOSE
  • Land Acres: 0.219
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: MAP D7 834

Ownership

  • Current Owner : PRIYA KAMITY KIRAN
  • Current Owner 2: PRIYA RASETTY YAMINI
  • Previous Owner : ROUHULAMIN SIMIN
  • Owner Before Previous Owner: MEMARZADEHESFAHANI TAGHI
  • Owner Before Previous Owner 2: MEMARZADEHESFAHANI MARGARET R
  • Ownership Rights Codes: Trustee/Conservator
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: San Jose Unified School District
  • Census Tract: 501602

Zoning

  • Zoning: RM

Geography

  • Assessors Map Reference: 62-B3
  • Parcel: 472-28-036
  • Block: 5
  • Lot: 23,24
  • Municipality: SAN JOSE
  • Latitude: 37.3303
  • Longitude: -121.878

    Address

  • Full Address: 297 E Reed St
  • Address - House Number: 297
  • Street Direction: E
  • Address - Street Name: Reed
  • Address - Suffix Type: St
  • State: CA
  • City Name: San Jose
  • Carrier Code: C058
  • 4-Digit Zip Code: 5695
  • Zip Code: 95112

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $23,408
  • Tax Rate Code Area: 17-193

    Appraisal Valuation

  • Standard Deviation: 0.4237
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 15
  • Final Value: 1,534,275
  • High Value: 2,184,347
  • Low Value: 884,202

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $980,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Jul 10, 2019
  • First Open Lien Mortgage Loan Amount: $980,000
  • 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: Aug 01, 2049

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,660,860
  • Assessed Land Value: $1,182,575
  • Assessed Improvements Value: $478,285

    Sales

  • Current Sale Contract Date: Jul 08, 2019
  • Current Sale Recording Date: Jul 10, 2019
  • Current Sale Transaction ID: 11620658833
  • Current Sale Price: $1,580,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 24222103
  • Previous Sale Recording Date: Jun 16, 2017
  • Previous Sale Contract Date: Jun 07, 2017
  • Previous Sale Amount: $1,250,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Jul 10, 2019
  • First Mortgage Loan Amount: $980,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: DITECH FINANCIAL LLC
  • Previous Mortgage Transaction Date: Jun 16, 2017
  • Previous Mortgage Loan Amount: $460,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2047

About Central San Jose



Similar Buildings

Multifamily at 297 East Reed Street,

680 South 12th Street

  • 1 Unit for Sale
680 South 12th Street, San Jose, CA 95112
Multifamily at 297 East Reed Street,

144 South 3rd Street

  • 2 Units for Sale
144 South 3rd Street, San Jose, CA 95112
Multifamily at 297 East Reed Street,

130 East San Fernando Street

  • 2 Units for Sale
130 East San Fernando Street, San Jose, CA 95112
Multifamily at 297 East Reed Street,

205 South 12th Street

  • 1 Unit for Sale
205 South 12th Street, San Jose, CA 95112
Multifamily at 297 East Reed Street,

150 South 1st Street

  • 1 Unit for Sale
150 South 1st Street, San Jose, CA 95113
Multifamily at 297 East Reed Street,

88 East San Fernando Street

  • 1 Unit for Sale
88 East San Fernando Street, San Jose, CA 95112
Multifamily at 297 East Reed Street,

420 East Santa Clara Street

  • 1 Unit for Sale
420 East Santa Clara Street, San Jose, CA 95113
Multifamily at 297 East Reed Street,

1145 South 3rd Street

  • 1 Unit for Sale
1145 South 3rd Street, San Jose, CA 95112
Multifamily at 297 East Reed Street,

92 North 6th Street

  • 1 Unit for Sale
92 North 6th Street, San Jose, CA 95112

Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 297 East Reed Street located in?
The 297 East Reed Street is a multifamily located in the neighborhood of South Campus in Central San Jose, San Jose.
What is the average sales price for listings in 297 East Reed Street?
The average sales price for units in 297 East Reed Street is $1,499,000 , or $412/sqft. currently.

Quantcast