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3521 Chablis Cir San Jose, CA 95132

4 Beds 3 Baths 2,082 sqft Built 1964

$1,345,000

List Price

$3,750

$3.5K - $4K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $646.01
  • 4 Days on Market
  • MLS # : ML81824331
  • Updated Date : 01/02/2021 at 20:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,082 sqft
  • Baths : 3 full
Listing Agent

Compass

Listing Agent's Description

Location!! Location!! Location!! Incredible, Incomparable and Extraordinary Home located in one of the most Sought after Berryessa Neighborhoods - Architecturally designed throughout. Sellers bought this fully upgraded house two years ago and added 150K worth of upgrades.Nothing short of spectacular!Owned Solar.Generous size bedrooms and gorgeous bathrooms.Spectacular kitchen with all high-end appliances, just two years only!Indoor laundry room. Amazing backyard, perfect for outdoor living or entertaining. Raised covered new deck, newly completed renovated swimming pool. Upgrades include: New Pool,Deck,Front & Rear Patio,All cabinets and garage floor,Kitchen Modular+Water Softner+Purifier,HVAC Dual Zone�(electric furnace)+All house Humidifier.Lawn and Automated Sprinkler.Additional Features include: Newer Roof, Copper Plumbing,Water Heater. Access to Bart,680/880/280/101,VTA light rail,Downtown SJC,new Google Campus.Close to Alum Rock Park & Piedmont High school +Noble Elementary.

SEE MORE

MARKET HIGHLIGHTS

  • San Jose metro's economy has been worth $282.2 billion in Gross Metro Product (GMP) in 2018 and is projected to grow to $298.6 billion in 2019. GMP measures the productivity of the metro. (USMayors.org, 2018)
  • San Jose metro employment growth has been at 2.2% in 2018 and predicted to grow at 1.9% in 2019 (USMayors.org, 2018)
  • San Jose metro contributes to 9% of California state's economy i.e. Gross State Product (USMayors.org, 2018)
  • Palo Alto, Redwood City, Mountain View and San Mateo together attracted around $11 billion in venture capital funding in 2019 making Silicon Valley still attractive to technology investments (Crunchbase News, 2020)
  • San Jose metro has 67.6% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Noble

NeighborhoodNIR Market*CityMarket2010Year20002019400k500k600k700k800k900k1000k1100k1200k1300k1400k1500k1600kPrice in $380k1665k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Noble

NeighborhoodNIR Market*CityMarket2010Year20002019 Q22000220024002600280030003200340036003800400042004400Rent in $18914493

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Noble Elementary School Primary Regular 561 22 7
Piedmont Middle School Middle Regular 875 33 6
Piedmont Hills High School High Magnet 2,215 89 9

Noble Elementary School

  • Education Level: Primary
  • # of students: 561
  • # of teachers: 22
7
GreatSchools Rating

Piedmont Middle School

  • Education Level: Middle
  • # of students: 875
  • # of teachers: 33
6
GreatSchools Rating

Piedmont Hills High School

  • Education Level: High
  • # of students: 2,215
  • # of teachers: 89
9
GreatSchools Rating
 

$1,210,500$1,479,500$1,345,000

PURCHASE PRICE

$3,375$4,125$3,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,750
EXPENSES Loan Payment -$4,962
Property Tax -$1,572
Property Insurance -$77
Property Management Fees -$146
CASH FLOW
-$3,008

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$1,345,000

PROJECTED PRICE

$3,750

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 12.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.40%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$50k-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$362,175

INVESTMENT

$362,175

Down Payment
$336,250
Rehab Estimate
$5,750
Closing Costs
$20,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$4,962

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $336,250
Loan Amount $1,008,750
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$104

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,706

    COMP ESTIMATED VALUE
  • $1.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,7503$3,8004$4,0005$4,050
$4,050
RENT COMPS ANALYSIS
  • 3521 Chablis Cir San Jose, CA 1
    • 4 beds 3 baths ∙ 2,082 Sqft ∙ Built 1964 4 beds 3 baths ∙ 2,082 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 925 Foxridge Way San Jose, CA 2
    • 3 beds 2 baths ∙ 2,023 Sqft ∙ Built 1974 3 beds 2 baths ∙ 2,023 Sqft ∙ Built 1974
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.85
    •  
  • 1259 Lodestone Dr San Jose, CA 3
    • 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 1973
    LEASED 10/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.88
    •  
  • 12540 Poppy Ln L San Jose, CA 4
    • 3 beds 2 baths ∙ 2,398 Sqft ∙ Built 1948 3 beds 2 baths ∙ 2,398 Sqft ∙ Built 1948
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.67
    •  
  • 2742 Mignon Dr San Jose, CA 5
    • 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 1972
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,050
    • $1.72
    •  
PROPERTY LISTING DETAILS
Heena Joshi
Compass
BESbswy