tomo logo

$840,000

Beds
2
Baths
1.0
sq ft
955

1279 Palm St, San Jose, CA 95110

1279 Palm St

San Jose, CA 95110

  • Pending
    • Price drop $48,000↓
Welcome to 1279 Palm Street, a charming 2-bedroom, 1-bath residence, built in 1925, offering the perfect canvas to realize your vision in this prime San Jose location. Step inside to discover a welcoming front room bathed in natural light streaming through large picture windows. Recent updates include all-new carpeting in the living room, hallway, and bedrooms, complemented by new LVP flooring in the kitchen. The shared kitchen and dining area provide a cheerful space for gatherings. Outside, the backyard beckons with a covered patio and spacious lawn area, ideal for outdoor activities. Additional storage is easily accessible under the house via hatch doors. An awning-covered carport before the detached garage provides additional parking options and protection from the elements. Situated on an R2-zoned lot, there is ample opportunity for expansion or even adding another unit. Positioned at the border of Downtown San Jose and Willow Glen, this location offers convenient access to entertainment, dining, shopping, and various transportation options, including highways 87 and 280, Light Rail, and public transit. Local notable attractions in close proximity include San Jose State, Downtown Willow Glen, and SAP Center. Fully owned solar panels offer energy efficiency and savings.

Details

Property type

Single Family Residence

Est. home value

$904,120

Lot size

5,120 sq ft

Price per sq ft

$880

Year built

1925

Price History

06/29/2024
BridgeMLS

BridgeMLS #ML81960957

Pending
$840,000
06/09/2024
BridgeMLS

BridgeMLS #ML81960957

Price change
$840,000
-5.41%
04/24/2024
BridgeMLS

BridgeMLS #ML81960957

Listed
$888,000
+2.66%

Schools & Community

Neighborhood: 

Fairgrounds

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

$1,228
Asking price
$840,000
Closing costs (~8% of asking)
-$67,200
Est. remaining loan balance
-$771,572
Cash to seller
$1,228

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

Seller’s Loan History

Lender

Filo Mortgage Llc

Loan start date

August 2023

Original loan amount

$778,500

Est. remaining balance

$771,572

Interest rate

6.71%

Loan type

New Conventional, 30 year

Seller

Patrick Nisperos and Jerrick Thomas Nisperos

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: Pending/Under Contract

Tomo last checked: 06/29/2024 at 7:35 AM

Listing updated: 06/28/2024 at 10:13 PM

Listed by: Ann McKinney, Real Estate Experts Phone #: (408) 499-9004

MLS: BridgeMLS #ML81960957

BridgeMLS logo

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