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5441 Makati Circle

5441 Makati Circle, San Jose, CA 95123
Property in Makati
Sold Dec 14, 2022
$540,000
$432,000 by Meriwest Mortgage Company Llc
Mortgage Due Jan 01, 2053
Sold Mar 12, 2012
$205,000
$143,500 by Prospect Mortgage Llc
Mortgage Due Apr 01, 2042
Local assessors in San Jose, CA have categorized 5441 Makati Circle as a residential type of property. The home was built in 1984 and is 40 years old. The property's lot size has been calculated to be 1,024 square feet. 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 is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5441 Makati Circle has a total of 924 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. 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 200 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. 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 - B. The home's a heating system is the primary heating source. 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, 5441 Makati Circle sold most recently in Nov 29, 2022 for a total of $540,000. If you work out the math, that's approximately a cost of $584.42 per sqft. Before that, the property was also sold for $205,000 in Feb 14, 2012. 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 $3,713 in taxes each year. 5441 Makati Circle was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $540,000. If we break it down further, the land itself was valued at $270,000. Improvements to the property, however, were assessed at a total of $270,000. The property's total assessed value has been marked as more than the total market value 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!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: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Custom
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 200
  • Parking Space Count: 1
  • Patio Type: Patio - screened
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 1,024
  • Total Building Area: 924
  • Gross Building Area: 924
  • Building Area: 924
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 924
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TERRACE VILLAS CONDO
  • Land Acres: 0.024
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: TRACT 6768 TERRACE VILLAS CONDO BOOK 460 PAGE 27 PAGE 30

Ownership

  • Current Owner : LAU YUET KUK
  • Current Owner 2: LAU YUET HUNG
  • Previous Owner : FRAZIER RICHARD T
  • Owner Before Previous Owner: CALIFORNIA HOUSING FINANCE AGENCY
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: East Side Union High School District
  • Census Tract: 512029

Zoning

  • Zoning: SJ

Geography

  • Assessors Map Reference: 72-C2
  • Subdivision Tract Number: 6768
  • Parcel: 692-39-008
  • Lot: 15
  • Municipality: SAN JOSE
  • Latitude: 37.2511
  • Longitude: -121.807

    Address

  • Full Address: 5441 Makati Cir
  • Address - House Number: 5441
  • Address - Street Name: Makati
  • Address - Suffix Type: Cir
  • State: CA
  • City Name: San Jose
  • Carrier Code: C041
  • 4-Digit Zip Code: 6239
  • Zip Code: 95123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,713
  • Tax Rate Code Area: 17-063

    Appraisal Valuation

  • Standard Deviation: 0.1912
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 74
  • Final Value: 612,671
  • High Value: 729,837
  • Low Value: 495,506

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $432,000
  • First Open Lien Mortgage Lender: MERIWEST MORTGAGE COMPANY LLC
  • First Open Lien Mortgage Recording Date: Dec 14, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $432,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2053

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $540,000
  • Assessed Land Value: $270,000
  • Assessed Improvements Value: $270,000

    Sales

  • Current Sale Contract Date: Nov 29, 2022
  • Current Sale Recording Date: Dec 14, 2022
  • Current Sale Transaction ID: 11899688008
  • Current Sale Price: $540,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 25415967
  • Previous Sale Recording Date: Mar 12, 2012
  • Previous Sale Contract Date: Feb 14, 2012
  • Previous Sale Amount: $205,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: MERIWEST MORTGAGE COMPANY LLC
  • First Mortgage Transaction Date: Dec 14, 2022
  • First Mortgage Loan Amount: $432,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2053

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: PROSPECT MORTGAGE LLC
  • Previous Mortgage Transaction Date: Mar 12, 2012
  • Previous Mortgage Loan Amount: $143,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Apr 01, 2042

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Frequently Asked Questions

What neighborhood is 5441 Makati Circle located in?
The 5441 Makati Circle is a located in the neighborhood of Makati in Edenvale, San Jose.
What is the average sales price for listings in 5441 Makati Circle?
The average sales price for units in 5441 Makati Circle is $0 currently.

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