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550 North 7th Street

550 North 7th Street, San Jose, CA 95112
Property in Japantown
Sold Oct 21, 2022
$970,000
$720,000 by Prosperity Home Mortgage Llc
Mortgage Due Nov 01, 2042
Sold Aug 17, 2015
$605,000
$544,500 by Princeton Capital
Mortgage Due Sep 01, 2045
550 North 7th Street in San Jose, CA was first built in 2003 and is 21 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 condo style. There are a total of 2 floors. There are a total of 6 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 550 North 7th Street has 1,400 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. In total, the area measurement of the land is 931 square feet.

Learn more about the property and building on this page. There is a porch and a patio. For those who need parking, there is a garage. The garage is 404 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 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. As for heating, the home is utilizing a forced air unit. The property was last sold in Oct 5, 2022 for $970,000. That's $692.86 per sqft. Prior to that sales transaction, the property was also sold in Aug 13, 2015 for $605,000. 550 North 7th Street was last assessed in 2023. The total value of the property was assessed at $970,000. Specifically, the land the property is located on was valued at $485,000. While improvements on the property were assessed at a total of $485,000. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $9,105. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Parking

Attached Garage
Guest Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Condo
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 404
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 931
  • Total Building Area: 1,400
  • Gross Building Area: 527
  • Building Area: 1,400
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,400
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TRACT MAP 9407
  • Land Acres: 0.021
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: TRACT 9407 LOT 6

Ownership

  • Current Owner : HIRATA MELVIN
  • Current Owner 2: HIRATA KEIKO
  • Previous Owner : WARRILOW THOMAS E
  • Previous Owner 2: WARRILOW JOANNE
  • Owner Before Previous Owner: ERICKSON VANYA
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: San Jose Unified School District
  • Census Tract: 501101

Zoning

  • Zoning: M1

Geography

  • Subdivision Tract Number: 9407
  • Parcel: 249-76-082
  • Lot: 6
  • Municipality: SAN JOSE
  • Latitude: 37.3492
  • Longitude: -121.891

    Address

  • Full Address: 550 N 7th St
  • Address - House Number: 550
  • Street Direction: N
  • Address - Street Name: 7th
  • Address - Suffix Type: St
  • State: CA
  • City Name: San Jose
  • Carrier Code: C056
  • 4-Digit Zip Code: 3285
  • Zip Code: 95112

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,105
  • Tax Rate Code Area: 17-108

    Appraisal Valuation

  • Standard Deviation: 0.2069
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 72
  • Final Value: 888,048
  • High Value: 1,071,866
  • Low Value: 704,230

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $720,000
  • First Open Lien Mortgage Lender: PROSPERITY HOME MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Oct 21, 2022
  • First Open Lien Mortgage Loan Amount: $720,000
  • 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: Nov 01, 2042

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $970,000
  • Assessed Land Value: $485,000
  • Assessed Improvements Value: $485,000

    Sales

  • Current Sale Contract Date: Oct 05, 2022
  • Current Sale Recording Date: Oct 21, 2022
  • Current Sale Transaction ID: 11897699944
  • Current Sale Price: $970,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 25389692
  • Previous Sale Recording Date: Aug 17, 2015
  • Previous Sale Contract Date: Aug 13, 2015
  • Previous Sale Amount: $605,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: PROSPERITY HOME MORTGAGE LLC
  • First Mortgage Transaction Date: Oct 21, 2022
  • First Mortgage Loan Amount: $720,000
  • First Mortgage Terms: 240
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2042

    Previous Mortgages

  • Previous Mortgage Lender: PRINCETON CAPITAL
  • Previous Mortgage Transaction Date: Aug 17, 2015
  • Previous Mortgage Loan Amount: $544,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 01, 2045

About Central San Jose



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Nearby Rentals

Unit for rent at 432 S 21st St, SAN JOSE, CA, 95116

$4,800 /mo

  • 4 Beds
  • 3 Baths
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432 S 21st St, SAN JOSE, CA, 95116 Listing by Helen He

Frequently Asked Questions

What neighborhood is 550 North 7th Street located in?
The 550 North 7th Street is a located in the neighborhood of Japantown in Central San Jose, San Jose.
What is the average sales price for listings in 550 North 7th Street?
The average sales price for units in 550 North 7th Street is $0 currently.

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