tomo logo

$2,398,888

Beds
3
Baths
1.0
sq ft
1,563

620 Tully Rd, San Jose, CA 95111

620 Tully Rd

San Jose, CA 95111

  • 127 days on market
    • Price drop $50,000↓
A Single-family home situated on residential / commercial lot. Prime location for your development project on a half-acre parcel in a highly visible area near strip malls, office complexes, and retail centers. The property currently features a single-family home, an additional rental unit and a big workshop/storage. Tenants utilize the lot for storing equipment and vehicles for a landscaping business. Previous plans for constructing a medical office were approved several years ago, pending verification of current feasibility. This property offers numerous development opportunities.

Details

Property type

Single Family Residence

Est. home value

$2,366,942

Lot size

0.5 acres

Price per sq ft

$1,535

Year built

1950

Price History

09/11/2024
BridgeMLS

BridgeMLS #ML81973557

Price change
$2,398,888
-2.04%
07/17/2024
BridgeMLS

BridgeMLS #ML81973557

Listed
$2,448,888

Schools & Community

Neighborhood: 

Fairgrounds

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

East Side Union High

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

$706,523
Asking price
$2,398,888
Closing costs (~8% of asking)
-$191,911
Est. remaining loan balance
-$1,500,454
Cash to seller
$706,523

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

Seller’s Loan History

Lender

5Th Street Capital Inc

Loan start date

January 2022

Original loan amount

$1,596,000

Est. remaining balance

$1,500,454

Interest rate

3.1%

Loan type

New Conventional, 30 year

Seller

Chuong Le

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: Active

Tomo last checked: 11/22/2024 at 1:00 AM

Listing updated: 10/19/2024 at 3:35 AM

Listed by: Trung Lam, KW Silicon City Phone #: (408) 900-0009

MLS: BridgeMLS #ML81973557

BridgeMLS logo

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