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$999,000

Beds
3
Baths
3.0
sq ft
2,064

3124 Barletta Ln, San Jose, CA 95127

3124 Barletta Ln

SAN JOSE, CA 95127

  • Pending
Perfect Opportunity for Contractors, Investors, and First-time Home Buyers or Flippers! Discover the potential of this exceptional property located in the unincorporated Alum Rock area of San Jose. Over 16,000 sq ft of land, this property is ideal for development, remodeling, or rebuilding. If you're looking to create a dream home, generate rental income, or undertake a profitable flip, this property offers limitless possibilities. (Buyers to verify sq footage of lot and buildings.) County records show as 3-bed, 3-bath 2,064 sq ft residence. However, it has been transformed to include 7 bedrooms 3 baths, making it perfect for rental income opportunities. All rooms were previously rented out, showcasing its potential as an investment. Additional 1200 sq ft building & another 800 sq ft building that could provide endless opportunities for creative developers perfect for various projects or storage needs. Large driveway on the side yard with a gate great for RVs, trailers, boats, and more. Perfect for various projects or storage needs. The living room has a vaulted ceiling and a cozy wood-burning fireplace, adding warmth and character to the home. With an oversized lot, this property is a canvas for your vision, Permits unknown. property is being sold as-is.

Details

Property type

Single Family Residence

Est. home value

$1,279,417

Lot size

0.37 acres

Price per sq ft

$485

Year built

1973

Price History

06/28/2024
MLSL

MLSL #ML81970702

Pending
$999,000
06/21/2024
MLSL

MLSL #ML81970702

Listed
$999,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

East Side Union High

Seller’s Loan History

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

Lender

Genworth Financial Home Equity Access

Loan start date

May 2009

Original loan amount

$750,000

Est. remaining balance

Not provided

Interest rate

3.75%

Loan type

Reverse Mortgage (Home Equity Conversion Mortgage), 86 year

Seller

Armando Borges

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?

Status: Pending/Under Contract

Tomo last checked: 06/29/2024 at 7:10 AM

Listing updated: 06/28/2024 at 2:40 PM

Listed by: Julie Bruns, Julie Bruns, Julie Bruns, Julie Bruns, Compass Phone #: (408) 721-6775

MLS: MLSL #ML81970702

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