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$989,000

Beds
2
Baths
1.0
sq ft
652

1024 N 12th St, San Jose, CA 95112

1024 N 12th St

San Jose, CA 95112

  • 141 days on market
Zoned Light Industrial. Opportunity Knocks. Possibilities are endless: 1. Live in the house and work in the back. 2. run your business; turn the house into office and run you business here. 3. rent the house and run your business in the back. 4. fix up the house and enjoy the large back lot. 5. Use your imagination. Note: please verify with city/county on what business you can operate here. The house (fixer upper) is 652 sf. and the lot is 6450 sf per county records... 1 shed and 2 bay workshop with possible office towards the back of the lot... The house was built in 1930 per county records. A must see opportunity for anyone paying rent somewhere else to run your business.... why pay rent to run your business when you can own your place and in a way pay yourself.

Details

Property type

Single Family Residence

Est. home value

$916,820

Lot size

6,450 sq ft

Price per sq ft

$1,517

Year built

1930

Price History

07/03/2024
BridgeMLS

BridgeMLS #ML81971857

Listed
$989,000

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

San Jose Unified

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$325,007
Asking price
$989,000
Closing costs (~8% of asking)
-$79,120
Est. remaining loan balance
-$584,873
Cash to seller
$325,007

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Imc Mortgage Corp

Loan start date

February 2022

Original loan amount

$619,000

Est. remaining balance

$584,873

Interest rate

3.22%

Loan type

New Conventional, 30 year

Seller

Jose A Castillo

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/22/2024 at 1:35 AM

Listing updated: 10/04/2024 at 4:13 AM

Listed by: Francisco Garcia, Francisco Garcia, Broker Phone #: (408) 835-6777

MLS: BridgeMLS #ML81971857

BridgeMLS logo

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