5450 Monterey Road

5450 Monterey Road in San Jose, CA was first built in 1974 and is 50 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 multifamily style. In total, the area measurement of the land is 109,771 square feet.

Learn more about the property and building on this page. 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, 5450 Monterey Road was last sold in May 10, 2022 for $625,000. Prior to that sales transaction, the property was sold for $1,575,000 in Aug 5, 2021. Current property owners are expected to pay $47,981 in taxes per year. The property on 5450 Monterey Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $4,181,262. To break that down further, the land itself was valued at $3,303,013. While improvements to the property were assessed at a total of $878,249. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!