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451 Velasco Drive

451 Velasco Drive, San Jose, CA 95123
Property in Blossom Hill
Sold May 03, 2021
$599,000
$300,000 by Homebridge Financial Services
Mortgage Due May 01, 2041
Sold Nov 19, 2018
$480,000
$384,000 by Quicken Loans Inc
Mortgage Due Dec 01, 2048
Local assessors in San Jose, CA have categorized 451 Velasco Drive as a residential type of property. The home was built in 1970 and is 54 years old. It was most recently renovated and altered in 1971. The property's lot size has been calculated to be 760 square feet. The linear feet between the front and back of the lot was measured at 400 ft and the front of the lot was measured at 190 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a custom 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 is one full bathroom. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 451 Velasco Drive has a total of 950 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. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. 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 312 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. 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 building has a roof that is made of tar and gravel. Lots of stucco were used in the construction of the exterior walls of the home. The home's a heating system is the primary heating source and it is being fueled with gas. 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, 451 Velasco Drive was last sold in Apr 23, 2021 for $599,000. According to our calculations, that's $630.53 per sqft. Prior to that sales transaction, the property was sold for $480,000 in Nov 9, 2018. Current property owners are expected to pay $9,109 in taxes per year. The property on 451 Velasco Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $600,000. To break that down further, the land itself was valued at $300,000. While improvements to the property were assessed at a total of $300,000. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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.

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Custom
  • Exterior Walls Type: Stucco
  • Roof Cover Type: Tar and gravel
  • Floor Count: 2
  • Living Units: 391
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 312
  • Parking Space Count: 2
  • Patio Type: Patio - screened
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 760
  • Lot Size Depth Feet: 400
  • Lot Size Frontage Feet: 190
  • Total Building Area: 950
  • Gross Building Area: 475
  • Building Area: 950
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 950
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: TRACT NO 4791
  • Land Acres: 0.017
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: TRACT 4791 BOOK 266 PAGE 44 LOT 155

Ownership

  • Current Owner : VU MUNG
  • Current Owner 2: VO TUAN
  • Previous Owner : LOCICERO JAMES MICHAEL
  • Previous Owner 2: LOCICERO MELANIE
  • Owner Before Previous Owner: LAKE SINGH MIGGLON A
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: East Side Union High School District
  • Census Tract: 512026

Zoning

  • Zoning: RM-CL

Geography

  • Assessors Map Reference: 72-F1
  • Subdivision Tract Number: 4791
  • Parcel: 464-18-069
  • Lot: 155
  • Municipality: SAN JOSE
  • Latitude: 37.2529
  • Longitude: -121.839

    Address

  • Full Address: 451 Velasco Dr
  • Address - House Number: 451
  • Address - Street Name: Velasco
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: San Jose
  • Carrier Code: C025
  • 4-Digit Zip Code: 3154
  • Zip Code: 95123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,109
  • Tax Rate Code Area: 17-063

    Appraisal Valuation

  • Standard Deviation: 0.1785
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 76
  • Final Value: 654,308
  • High Value: 771,116
  • Low Value: 537,501

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $300,000
  • First Open Lien Mortgage Lender: HOMEBRIDGE FINANCIAL SERVICES
  • First Open Lien Mortgage Recording Date: May 03, 2021
  • First Open Lien Mortgage Loan Amount: $300,000
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2041

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $600,000
  • Assessed Land Value: $300,000
  • Assessed Improvements Value: $300,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 23, 2021
  • Current Sale Recording Date: May 03, 2021
  • Current Sale Transaction ID: 11833404887
  • Current Sale Price: $599,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 24946610
  • Previous Sale Recording Date: Nov 19, 2018
  • Previous Sale Contract Date: Nov 09, 2018
  • Previous Sale Amount: $480,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOMEBRIDGE FINANCIAL SERVICES
  • First Mortgage Transaction Date: May 03, 2021
  • First Mortgage Loan Amount: $300,000
  • First Mortgage Terms: 240
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2041

    Previous Mortgages

  • Previous Mortgage Lender: QUICKEN LOANS INC
  • Previous Mortgage Transaction Date: Nov 19, 2018
  • Previous Mortgage Loan Amount: $384,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Dec 01, 2048

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Frequently Asked Questions

What neighborhood is 451 Velasco Drive located in?
The 451 Velasco Drive is a other located in the neighborhood of Blossom Hill in Edenvale, San Jose.
What is the average sales price for listings in 451 Velasco Drive?
The average sales price for units in 451 Velasco Drive is $0 currently.

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