480 North 1st Street

480 North 1st Street in San Jose, CA was first built in 1957 and is 67 years old. This has been categorized as a office property type. There are a total of 2 floors. 480 North 1st Street has 16,911 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 basement is 600 sqft and has been categorized as a unknown. The linear feet across the front of the lot is 1,810 ft and the linear feet between the front and back of the lot is 1,400. In total, the area measurement of the land is 25,440 square feet.

Learn more about the property and building on this page. The building type has been coded as 4. The code stands for buildings that have wood or wood and steel frames.. 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 B. 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 air conditioning. 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, 480 North 1st Street sold most recently in Apr 14, 2020 for a total of $6,500,000. If you work out the math, that's approximately a cost of $384.37 per sqft. Before that, the property was also sold for $2,950,000 in Aug 12, 2016. 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 $79,589 in taxes each year. 480 North 1st Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $6,832,658. If we break it down further, the land itself was valued at $2,806,646. Improvements to the property, however, were assessed at a total of $4,026,012. 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.