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3642 El Grande Ct San Jose, CA 95132

3 Beds 3 Baths 1,967 sqft Built 1966

$1,295,000

List Price

$3,810

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1966
  • Price/Sqft : $658.36
  • 26 Days on Market
  • MLS # : ML81819945
  • Updated Date : 12/05/2020 at 19:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,967 sqft
  • Baths : 2 full , 1 half
Listing Agent

Vabrato

Listing Agent's Description

Spacious 3/2.5 ranch style home located on HUGE 11,200 sq ft lot with valley/hill views. Family is the original owner, built the 1,967 sq ft home in 1966, designed to showcase the views from every window, including a large light-filled Family room/kitchen combo perfect for gatherings with a wood-burning fireplace. The formal living room has a dining area and more stunning views. The lot is mostly flat with a slope down at back. Due to the large lot size property could accommodate an ADU or home office (check with the city for approvals.) The gorgeous setting overlooks Alum Rock Canyon and hills. Close to parks, trails, Berryessa Community Center. Easy commute access to Hwy 680, 101, and Berryessa BART station. (Buyer to verify schools.)

SEE MORE

MARKET HIGHLIGHTS

  • San Jose metro has 67.6% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • 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)

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
 

$1,165,500$1,424,500$1,295,000

PURCHASE PRICE

$3,429$4,191$3,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,810
EXPENSES Loan Payment -$4,778
Property Tax -$1,513
Property Insurance -$75
Property Management Fees -$149
CASH FLOW
-$2,704

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.

$1,295,000

PROJECTED PRICE

$3,810

PROJECTED RENT

0.29%

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-$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$348,925

INVESTMENT

$348,925

Down Payment
$323,750
Rehab Estimate
$5,750
Closing Costs
$19,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,778

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $323,750
Loan Amount $971,250
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$52

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
  • $3,875

    COMP ESTIMATED VALUE
  • $1.97

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,3503$3,800
$3,800
RENT COMPS ANALYSIS
  • 3642 El Grande Ct San Jose, CA 1
    • 3 beds 3 baths ∙ 1,967 Sqft ∙ Built 1966 3 beds 3 baths ∙ 1,967 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3468 Whitman Way San Jose, CA 2
    • 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 1965 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 1965
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.96
    •  
  • 3399 Burgundy Dr San Jose, CA 3
    • 4 beds 1 baths ∙ 1,920 Sqft ∙ Built 1973 4 beds 1 baths ∙ 1,920 Sqft ∙ Built 1973
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.98
    •  
PROPERTY LISTING DETAILS
Vivienne Kelvin
Vabrato
BESbswy