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509 Mill River Lane

509 Mill River Lane, San Jose, CA 95134
Property in River Oaks
Sold May 10, 2019
$1,275,000
$102,000 by Bank Of America Na
Mortgage Due Jun 01, 2049
Sold Mar 07, 2013
$655,000
$524,000 by Stearns Lending Inc
Mortgage Due Apr 01, 2028
509 Mill River Lane in San Jose, CA was first built in 1991 and is 33 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 custom style. There are a total of 2 floors. There are a total of 8 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 509 Mill River Lane has 2,091 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 270 ft and the linear feet between the front and back of the lot is 600. In total, the area measurement of the land is 1,620 square feet.

Learn more about the property and building on this page. There is a porch and a screened patio. For those who need parking, there is a garage. The garage is 633 sqft. There are a total of 2 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 air conditioning. As for heating, the home is utilizing a forced air unit. 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, 509 Mill River Lane sold most recently in Apr 29, 2019 for a total of $1,275,000. If you work out the math, that's approximately a cost of $609.76 per sqft. Before that, the property was also sold for $655,000 in Feb 28, 2013. 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 $16,741 in taxes each year. 509 Mill River Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,367,054. If we break it down further, the land itself was valued at $683,527. Improvements to the property, however, were assessed at a total of $683,527. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Custom
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 633
  • Parking Space Count: 2
  • Patio Type: Patio - screened
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 1,620
  • Lot Size Depth Feet: 600
  • Lot Size Frontage Feet: 270
  • Total Building Area: 2,091
  • Gross Building Area: 1,085
  • Building Area: 2,091
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,091
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TRACT NO 8347
  • Land Acres: 0.037
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: TRACT 8347 LOT 53

Ownership

  • Current Owner : PANJNANI KAMLESH
  • Current Owner 2: PANJNANI SAVITRI
  • Previous Owner : TAO XIAOHUI
  • Previous Owner 2: ZHOU JIANWEN
  • Owner Before Previous Owner: LHOTAK VLADIMIR
  • Owner Before Previous Owner 2: LHOTAK JIRINA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Santa Clara Unified School District
  • Census Tract: 505006

Zoning

  • Zoning: A(PD)

Geography

  • Assessors Map Reference: 47-D6
  • Subdivision Tract Number: 8347
  • Parcel: 097-64-053
  • Lot: 53
  • Municipality: SAN JOSE
  • Latitude: 37.4031
  • Longitude: -121.92

    Address

  • Full Address: 509 Mill River Ln
  • Address - House Number: 509
  • Address - Street Name: Mill River
  • Address - Suffix Type: Ln
  • State: CA
  • City Name: San Jose
  • Carrier Code: C009
  • 4-Digit Zip Code: 2424
  • Zip Code: 95134

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $16,741
  • Tax Rate Code Area: 17-116

    Appraisal Valuation

  • Standard Deviation: 0.1906
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 74
  • Final Value: 1,440,662
  • High Value: 1,715,355
  • Low Value: 1,165,969

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $102,000
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: May 10, 2019
  • First Open Lien Mortgage Loan Amount: $102,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2049

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,367,054
  • Assessed Land Value: $683,527
  • Assessed Improvements Value: $683,527

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 29, 2019
  • Current Sale Recording Date: May 10, 2019
  • Current Sale Transaction ID: 11607768817
  • Current Sale Price: $1,275,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 24176832
  • Previous Sale Recording Date: Mar 07, 2013
  • Previous Sale Contract Date: Feb 28, 2013
  • Previous Sale Amount: $655,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: May 10, 2019
  • First Mortgage Loan Amount: $102,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Jun 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: STEARNS LENDING INC
  • Previous Mortgage Transaction Date: Mar 07, 2013
  • Previous Mortgage Loan Amount: $524,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Apr 01, 2028

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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 509 Mill River Lane located in?
The 509 Mill River Lane is a located in the neighborhood of River Oaks in North San Jose, San Jose.
What is the average sales price for listings in 509 Mill River Lane?
The average sales price for units in 509 Mill River Lane is $0 currently.

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