tomo logo

$493,932Estimated home value

Beds
1
Baths
1.0
sq ft
692

516 Martha St Unit 112, San Jose, CA 95112

516 Martha St Unit 112

San Jose, CA 95112

  • Sold On 1/20/2023
Welcome to 516 Martha Street, Unit 112! This 1 bed, 1 bath ground floor 693 sq ft condo offers a spacious open floor plan, soaring 14+ ft cathedral ceilings, tons of natural light and one parking space in the gated garage. Brand new carpeting and flooring throughout as well as freshly painted walls and cabinets. Imported Portuguese tile backsplash, ample cabinet space and plenty of room for a kitchen island, plus dishwasher. Bedroom offers a large closet with shelving and en-suite with a shower over the tub. Washer/dryer included in their own laundry closet. French doors open to a private tile patio with views of the sparkling community pool. Quiet, gated complex just 5 minutes away from bustling downtown San Jose and 3 minutes from San Jose State and commuting highways!

Details

Property type

Condominium

Est. home value

$493,932

Lot size

Unknown

Price per sq ft

$722

Year built

2000

Monthly HOA fee

$418

Price History

02/22/2025
BridgeMLS

BridgeMLS #ML81992667

Removed
$548,000
02/05/2025
BridgeMLS

BridgeMLS #ML81992667

Listed
$548,000
+14.17%
01/20/2023
BridgeMLS

BridgeMLS #ML81908232

Sold
$480,000
+10.34%

Schools & Community

Neighborhood: 

Fairgrounds

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool

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

$91,390
Asking price
$499,000
Closing costs (~8% of asking)
-$39,920
Est. remaining loan balance
-$367,690
Cash to seller
$91,390

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

Seller’s Loan History

Lender

First Republic Bank

Loan start date

January 2023

Original loan amount

$376,800

Est. remaining balance

$367,690

Interest rate

6.49%

Loan type

New Conventional, 30 year

Seller

Linou Zhu

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?

Similar Homes Nearby

Pending
BridgeMLS
$575,000
1 bd
|
1 ba
|
789 sq ft
|
Condo

423 N 2nd St Unit 138, San Jose, CA 95112

Price drop
BridgeMLS
$552,000
1 bd
|
1 ba
|
733 sq ft
|
Condo

1375 Lick Ave Unit 120, San Jose, CA 95110

BridgeMLS
$579,000
1 bd
|
1 ba
|
655 sq ft
|
Condo

38 N Almaden Blvd Unit 602, San Jose, CA 95110

Status: Off Market

Tomo last checked: 02/23/2025 at 3:10 AM

Listing updated: 02/11/2025 at 11:32 AM

Listed by: Erfan Modir, Intero Real Estate Services

MLS: SFAR #81908232

SFAR logo

Recently listed in San Jose

$369,900|3 bd|2.0 ba|Manufactured
$699,900|3 bd|3.0 ba|Manufactured
$429,900|3 bd|2.0 ba|Manufactured
$329,900|3 bd|2.0 ba|Manufactured
$649,999|3 bd|1.5 ba|Townhouse
$550,000|2 bd|2.0 ba|Condo
$1,998,000|4 bd|2.5 ba|House
$2,500,000|3 bd|2.0 ba|House
$1,759,000|3 bd|2.5 ba|Townhouse
$1,650,000|3 bd|2.5 ba|House
listing placeholder
images coming soon